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Company No: 09728093 (England and Wales)

EVALESCO CONSULTING LIMITED

Unaudited Financial Statements
For the financial period from 01 September 2023 to 28 February 2025
Pages for filing with the registrar

EVALESCO CONSULTING LIMITED

Unaudited Financial Statements

For the financial period from 01 September 2023 to 28 February 2025

Contents

EVALESCO CONSULTING LIMITED

BALANCE SHEET

As at 28 February 2025
EVALESCO CONSULTING LIMITED

BALANCE SHEET (continued)

As at 28 February 2025
Note 28.02.2025 31.08.2023
£ £
Fixed assets
Tangible assets 3 0 306
0 306
Current assets
Debtors 4 100 0
Cash at bank and in hand 952 11,254
1,052 11,254
Creditors: amounts falling due within one year 5 ( 1,324) ( 11,099)
Net current (liabilities)/assets (272) 155
Total assets less current liabilities (272) 461
Provision for liabilities 0 ( 58)
Net (liabilities)/assets ( 272) 403
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 372 ) 303
Total shareholder's (deficit)/funds ( 272) 403

For the financial period ending 28 February 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 financial statements of Evalesco Consulting Limited (registered number: 09728093) were approved and authorised for issue by the Director on 15 April 2025. They were signed on its behalf by:

Mrs E Edwards-Smith
Director
EVALESCO CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 September 2023 to 28 February 2025
EVALESCO CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 September 2023 to 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Evalesco Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 12 Whiteford Road Mannamead, Plymouth, PL3 5LX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The company has extended it's accounting period from 31 August to 28 February due to the cessation of trade. As a result, prior periods are not entirely comparable.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
01.09.2023 to
28.02.2025
Year ended
31.08.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 0 0

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 September 2023 578 578
Disposals ( 578) ( 578)
At 28 February 2025 0 0
Accumulated depreciation
At 01 September 2023 272 272
Charge for the financial period 114 114
Disposals ( 386) ( 386)
At 28 February 2025 0 0
Net book value
At 28 February 2025 0 0
At 31 August 2023 306 306

4. Debtors

28.02.2025 31.08.2023
£ £
Corporation tax 100 0

5. Creditors: amounts falling due within one year

28.02.2025 31.08.2023
£ £
Taxation and social security 0 3,688
Other creditors 1,324 7,411
1,324 11,099

6. Called-up share capital

28.02.2025 31.08.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100