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Registration number: 08660574

Evotex Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 March 2025

 

Evotex Solutions Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Evotex Solutions Limited

Company Information

Director

Mr Amrith C Kinakkal

Registered office

C/o McGinty Demack
Vermont House
Bradley Lane
Wigan
Lancashire
WN6 0XF

Accountants

McGinty Demack Limited
Certified
Vermont House
Bradley Lane
Standish
Wigan
WN6 0XF

 

Evotex Solutions Limited

(Registration number: 08660574)
Balance Sheet as at 30 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

1,968

2,728

Current assets

 

Debtors

5

2,605

-

Cash at bank and in hand

 

88

88

 

2,693

88

Creditors: Amounts falling due within one year

6

(20,774)

(6,527)

Net current liabilities

 

(18,081)

(6,439)

Net liabilities

 

(16,113)

(3,711)

Capital and reserves

 

Called up share capital

7

52,001

52,001

Retained earnings

(68,114)

(55,712)

Shareholders' deficit

 

(16,113)

(3,711)

For the financial year ending 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Evotex Solutions Limited

(Registration number: 08660574)
Balance Sheet as at 30 March 2025

Approved and authorised by the director on 1 April 2025
 

.........................................

.........................................
Mr Amrith C Kinakkal
Director

 

Evotex Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/o McGinty Demack
Vermont House
Bradley Lane
Wigan
Lancashire
WN6 0XF
United Kingdom

These financial statements were authorised for issue by the director on 1 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Evotex Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Evotex Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Evotex Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 31 March 2024

41,374

41,374

At 30 March 2025

41,374

41,374

Depreciation

At 31 March 2024

38,646

38,646

Charge for the year

760

760

At 30 March 2025

39,406

39,406

Carrying amount

At 30 March 2025

1,968

1,968

At 30 March 2024

2,728

2,728

5

Debtors

Current

2025
£

2024
£

Other debtors

2,605

-

 

2,605

-

6

Creditors

Creditors: amounts falling due within one year

 

Evotex Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

2025
£

2024
£

Due within one year

Taxation and social security

-

1,946

Accruals and deferred income

2,755

1,182

Other creditors

18,019

3,399

20,774

6,527

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

52,001

52,001

52,001

52,001

       

8

Related party transactions

 

Evotex Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

6,822

9,096