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REGISTERED NUMBER: 07477146 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 30 MARCH 2024

FOR

EVOLUTIONDOME LIMITED

EVOLUTIONDOME LIMITED (REGISTERED NUMBER: 07477146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVOLUTIONDOME LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024







DIRECTORS: A L Austin
D R A Fabb





REGISTERED OFFICE: Unit 17, HighLode Industrial Estate
Stocking Fen Road
Ramsey
Cambridgeshire
PE26 2RB





REGISTERED NUMBER: 07477146 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

EVOLUTIONDOME LIMITED (REGISTERED NUMBER: 07477146)

BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 872,699 862,332

CURRENT ASSETS
Stocks 24,000 24,000
Debtors 6 161,476 637,687
Cash at bank 5,470 115,696
190,946 777,383
CREDITORS
Amounts falling due within one year 7 (253,437 ) (352,739 )
NET CURRENT (LIABILITIES)/ASSETS (62,491 ) 424,644
TOTAL ASSETS LESS CURRENT LIABILITIES 810,208 1,286,976

CREDITORS
Amounts falling due after more than one
year

8

(38,739

)

(38,732

)

PROVISIONS FOR LIABILITIES 10 (64,184 ) (159,396 )
NET ASSETS 707,285 1,088,848

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 706,985 1,088,548
SHAREHOLDERS' FUNDS 707,285 1,088,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 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.

EVOLUTIONDOME LIMITED (REGISTERED NUMBER: 07477146)

BALANCE SHEET - continued
30 MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





A L Austin - Director


EVOLUTIONDOME LIMITED (REGISTERED NUMBER: 07477146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

1. STATUTORY INFORMATION

Evolutiondome Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from the hiring and sale of inflatable structures and associated equipment. Turnover is disclosed net of VAT and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership are transferred to the buyer (usually on dispatch), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Non-refundable deposits are taken to the profit and loss account as they are earned.

Payments made by clients for future services are deferred until the period in which the service is performed. Where performance of a contract spans more than one financial year-end, income is recognised based on a suitable stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings Freehold 2% Straight Line (on buildings only)
Property improvements5% Straight Line
Plant and machinery 25% Reducing balance
Dome Structures20% Reducing balance
Dome support equipment10% Reducing balance
Fixtures, fittings & equipment20% Straight Line
Motor vehicles20% Reducing balance

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


EVOLUTIONDOME LIMITED (REGISTERED NUMBER: 07477146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 material 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 period 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Grant income
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received using the performance model.

The grant will therefore be recognised in other income when the grant proceeds are received or receivable provided the terms of the grant do not impose future performance related conditions.

If the terms of the grant do impose future performance related conditions, the grant is only recognised in income when the performance related conditions are met.

Any grants that are received before the recognition criteria is met are recognised in the entity's financial statements as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 5 ) .

EVOLUTIONDOME LIMITED (REGISTERED NUMBER: 07477146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 20,599 2,219,347 31,404
Additions - 194,349 -
Disposals - (160,793 ) -
At 30 March 2024 20,599 2,252,903 31,404
DEPRECIATION
At 1 April 2023 2,084 1,489,276 30,148
Charge for period 1,030 158,005 437
Eliminated on disposal - (116,506 ) -
At 30 March 2024 3,114 1,530,775 30,585
NET BOOK VALUE
At 30 March 2024 17,485 722,128 819
At 31 March 2023 18,515 730,071 1,256

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 183,486 39,104 2,493,940
Additions 49,433 5,517 249,299
Disposals - - (160,793 )
At 30 March 2024 232,919 44,621 2,582,446
DEPRECIATION
At 1 April 2023 81,766 28,334 1,631,608
Charge for period 30,231 4,942 194,645
Eliminated on disposal - - (116,506 )
At 30 March 2024 111,997 33,276 1,709,747
NET BOOK VALUE
At 30 March 2024 120,922 11,345 872,699
At 31 March 2023 101,720 10,770 862,332

EVOLUTIONDOME LIMITED (REGISTERED NUMBER: 07477146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 123,521 159,861 283,382
Additions - 49,433 49,433
At 30 March 2024 123,521 209,294 332,815
DEPRECIATION
At 1 April 2023 50,121 73,610 123,731
Charge for period 18,350 27,137 45,487
At 30 March 2024 68,471 100,747 169,218
NET BOOK VALUE
At 30 March 2024 55,050 108,547 163,597
At 31 March 2023 73,400 86,251 159,651

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,757 468,397
Other debtors 156,719 169,290
161,476 637,687

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,011 9,912
Hire purchase contracts 32,807 30,395
Trade creditors 42,307 134,508
Taxation and social security 9,555 69,642
Other creditors 116,757 108,282
253,437 352,739

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,742 23,131
Hire purchase contracts 25,997 15,601
38,739 38,732

EVOLUTIONDOME LIMITED (REGISTERED NUMBER: 07477146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 58,804 45,996

Liabilities held under hire purchase agreements are secured against the asset to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 64,184 159,396

Deferred
tax
£   
Balance at 1 April 2023 159,396
Provided during period (95,212 )
Balance at 30 March 2024 64,184

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors £53,557 (2023: £62,657). The amount is repayable on demand, bears no interest and included within creditors due in one year.

12. SHARE CAPITAL

Share capital at the balance sheet date consists of the following shares:



Share type
number
ofissued and
fully paid shares


nominalvalue


2024


2023
Ordinary A 494 30p £148 £148
Ordinary B 196 30p £59 £59
Ordinary C 50 30p £15 £15
Ordinary D 20 30p £6 £6
Ordinary E 40 30p £12 £12
Ordinary F 200 30p £60 £60
£300 £300

EVOLUTIONDOME LIMITED (REGISTERED NUMBER: 07477146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

13. CHANGE IN ACCOUNTING POLICY

The depreciation rates have been revised to more accurately reflect the estimated useful lives of the assets and to ensure a more appropriate allocation of their cost over those lives.

The new rates are as follows:

Asset class New rate
Structures and domes 20% reducing balance
Plant and machinery 20% reducing balance
Office 20% straight line
Fixtures and fittings 20% straight line
Motor vehicles 20% reducing balance

Had these changes not been implemented, depreciation for the year would have been £173,164 higher.