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Registration number: 13930842

Evlo Group Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2025

 

Evlo Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

Evlo Group Limited

(Registration number: 13930842)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

5

10,983

7,721

Tangible assets

6

1,965

-

 

12,948

7,721

Current assets

 

Debtors

7

2,927

1,541

Cash at bank and in hand

 

19,700

11,668

 

22,627

13,209

Creditors: Amounts falling due within one year

8

(16,396)

(18,792)

Net current assets/(liabilities)

 

6,231

(5,583)

Net assets

 

19,179

2,138

Capital and reserves

 

Called up share capital

9

40

10

Retained earnings

19,139

2,128

Shareholders' funds

 

19,179

2,138

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

Approved and authorised by the Board on 30 April 2025 and signed on its behalf by:
 

Mr M A Squires
Director

Mrs N Squires
Director

 
     
 

Evlo Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

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

The address of its registered office is:
166 Haigh Moor Way
Swallownest
Sheffield
S26 4SG

These financial statements were authorised for issue by the Board on 30 April 2025.

2

Accounting policies

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.

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.

 

Evlo Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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:

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

Evlo Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

132

-

Amortisation expense

2,989

2,001

 

Evlo Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 March 2024

11,250

11,250

Additions acquired separately

6,250

6,250

At 28 February 2025

17,500

17,500

Amortisation

At 1 March 2024

3,529

3,529

Amortisation charge

2,988

2,988

At 28 February 2025

6,517

6,517

Carrying amount

At 28 February 2025

10,983

10,983

At 29 February 2024

7,721

7,721

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

2,097

2,097

At 28 February 2025

2,097

2,097

Depreciation

Charge for the year

132

132

At 28 February 2025

132

132

Carrying amount

At 28 February 2025

1,965

1,965

 

Evlo Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Debtors

Current

2025
£

2024
£

Other debtors

2,927

1,541

 

2,927

1,541

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

11,856

16,650

Trade creditors

 

398

49

Taxation and social security

 

3,248

1,658

Accruals and deferred income

 

894

435

 

16,396

18,792

 

Evlo Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

       

10

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

11,856

16,650