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REGISTERED NUMBER: 10864260 (England and Wales)














Evolve Technologies Group Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Evolve Technologies Group Limited (Registered number: 10864260)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Evolve Technologies Group Limited

Company Information
for the Year Ended 31 July 2024







Director: K Lee





Registered office: 1 Milnyard Square
Peterborough
Cambridgeshire
England
PE2 6GX





Registered number: 10864260 (England and Wales)





Accountants: Moore Thompson
7 Swan Court
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Evolve Technologies Group Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Director's report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Evolve Technologies Group Limited for the year ended 31 July 2024 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Evolve Technologies Group Limited in accordance with the terms of our engagement letter dated 5 October 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Evolve Technologies Group Limited and state those matters that we have agreed to state to the director of Evolve Technologies Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Evolve Technologies Group Limited and its director for our work or for this report.

It is your duty to ensure that Evolve Technologies Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Evolve Technologies Group Limited. You consider that Evolve Technologies Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Evolve Technologies Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
7 Swan Court
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX


25 April 2025

Evolve Technologies Group Limited (Registered number: 10864260)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 5 28,088 37,451

Current assets
Debtors 6 566,341 282,782
Cash at bank 124,555 148,669
690,896 431,451
Creditors
Amounts falling due within one year 7 326,366 297,726
Net current assets 364,530 133,725
Total assets less current liabilities 392,618 171,176

Creditors
Amounts falling due after more than one
year

8

(311,237

)

(58,754

)

Provisions for liabilities (7,022 ) (9,925 )
Net assets 74,359 102,497

Capital and reserves
Called up share capital 100 100
Retained earnings 74,259 102,397
74,359 102,497

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

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

The director acknowledges his 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.

Evolve Technologies Group Limited (Registered number: 10864260)

Statement of Financial Position - continued
31 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 by the director and authorised for issue on 25 April 2025 and were signed by:





K Lee - Director


Evolve Technologies Group Limited (Registered number: 10864260)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. Statutory information

Evolve Technologies Group 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 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 has been provided at the following rates in order to write off the assets over their estimated useful lives:

Motor vehicles 25% reducing balance
Office equipment 25% reducing balance
Computer equipment 33% straight line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Evolve Technologies Group Limited (Registered number: 10864260)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


3. Accounting policies - continued

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.

4. Employees and directors

The average number of employees during the year was 8 (2023 - 10 ) .

5. Tangible fixed assets
Office Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
Cost
At 1 August 2023
and 31 July 2024 3,276 54,936 16,399 74,611
Depreciation
At 1 August 2023 2,239 18,522 16,399 37,160
Charge for year 259 9,104 - 9,363
At 31 July 2024 2,498 27,626 16,399 46,523
Net book value
At 31 July 2024 778 27,310 - 28,088
At 31 July 2023 1,037 36,414 - 37,451

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 167,999 163,308
Other debtors 15,000 -
Directors' loan accounts 247,187 -
Inter-company loan 136,155 119,474
566,341 282,782

Evolve Technologies Group Limited (Registered number: 10864260)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans 43,998 66,443
Hire purchase contracts 7,299 7,299
Trade creditors 65,171 42,226
Tax 40,169 27,649
Social security and other taxes 1,094 960
VAT 53,897 65,448
Other creditors 2,530 4,230
Income in advance 107,078 53,431
Directors' loan accounts - 25,525
Accruals and deferred income 5,130 4,515
326,366 297,726

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 285,479 25,697
Hire purchase contracts 25,758 33,057
311,237 58,754

9. Directors' advances, credits and guarantees

2024 2023
£ £
Directors
Balance outstanding at start of year (25,525)(24,485)
Amounts advanced280,323-
Amounts repaid(7,611)(1,040)
Balance outstanding at end of year 247,187(25,525)

The outstanding loan is subject to interest at the HMRC official rate.