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REGISTERED NUMBER: 11481771 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

EVOLUTION MUSIC LTD

EVOLUTION MUSIC LTD (REGISTERED NUMBER: 11481771)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVOLUTION MUSIC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: Mr M W Carey
Mr S J Charter
Mr A B Clarke
Mr P D Waite FCA, FCCA (Chairman)
Mr K W Da Costa





REGISTERED OFFICE: 69a High Street
Deal
CT14 6EH





REGISTERED NUMBER: 11481771 (England and Wales)





ACCOUNTANTS: Aspen Waite Corporate Solutions
Aspen Marketing Limited
Chartered Certified Accountants
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH

EVOLUTION MUSIC LTD (REGISTERED NUMBER: 11481771)

BALANCE SHEET
31ST JULY 2024

31/7/24 31/7/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,536 1,919

CURRENT ASSETS
Stocks 421 -
Debtors 5 21,005 13,921
Cash at bank and in hand 135 684
21,561 14,605
CREDITORS
Amounts falling due within one year 6 (62,759 ) (60,842 )
NET CURRENT LIABILITIES (41,198 ) (46,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,662

)

(44,318

)

CREDITORS
Amounts falling due after more than one year 7 (24,131 ) (23,766 )
NET LIABILITIES (63,793 ) (68,084 )

CAPITAL AND RESERVES
Called up share capital 93 93
Share premium 296,464 219,433
Retained earnings (360,350 ) (287,610 )
(63,793 ) (68,084 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EVOLUTION MUSIC LTD (REGISTERED NUMBER: 11481771)

BALANCE SHEET - continued
31ST JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 2nd April 2025 and were signed on its behalf by:





Mr M W Carey - Director


EVOLUTION MUSIC LTD (REGISTERED NUMBER: 11481771)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Evolution Music Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EVOLUTION MUSIC LTD (REGISTERED NUMBER: 11481771)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st August 2023
and 31st July 2024 2,740
DEPRECIATION
At 1st August 2023 821
Charge for year 383
At 31st July 2024 1,204
NET BOOK VALUE
At 31st July 2024 1,536
At 31st July 2023 1,919

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 3,322 1,354
Other debtors 3,374 3,750
Directors' current accounts 2,722 1,738
Tax 7,080 7,080
VAT 4,506 -
Prepayments 1 (1 )
21,005 13,921

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 6,655 6,866
Amounts owed to group undertakings 35,729 -
Social security and other taxes 2,884 465
VAT - 1,047
Other creditors 2,591 50,266
Directors' current accounts - 2,198
Accruals and deferred income 14,900 -
62,759 60,842

EVOLUTION MUSIC LTD (REGISTERED NUMBER: 11481771)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Bank loans due 1-2 years 6,875 6,875
Bank loans due 2-5 years 17,256 16,891
24,131 23,766