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REGISTERED NUMBER: 11259260 (England and Wales)






EVOLUTION CEILINGS AND PARTITIONING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






EVOLUTION CEILINGS AND PARTITIONING LTD (REGISTERED NUMBER: 11259260)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVOLUTION CEILINGS AND PARTITIONING LTD

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTORS: C R Lovegrove
Mrs A K Lovegrove





REGISTERED OFFICE: 32 Shrubbery Close
Sutton Coldfield
West Midlands
B76 1WE





REGISTERED NUMBER: 11259260 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
Chartered Accountants
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

EVOLUTION CEILINGS AND PARTITIONING LTD (REGISTERED NUMBER: 11259260)

BALANCE SHEET
31 March 2025

31/3/25 31/3/24
Notes £    £   
FIXED ASSETS
Tangible assets 4 44,658 59,172

CURRENT ASSETS
Debtors 5 75,936 68,447
Cash at bank 50,775 96,509
126,711 164,956
CREDITORS
Amounts falling due within one year 6 (28,432 ) (25,631 )
NET CURRENT ASSETS 98,279 139,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,937

198,497

CREDITORS
Amounts falling due after more than one
year

7

(40,141

)

(55,657

)

PROVISIONS FOR LIABILITIES (8,485 ) (11,243 )
NET ASSETS 94,311 131,597

CAPITAL AND RESERVES
Called up share capital 9 4 1
Retained earnings 94,307 131,596
SHAREHOLDERS' FUNDS 94,311 131,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

EVOLUTION CEILINGS AND PARTITIONING LTD (REGISTERED NUMBER: 11259260)

BALANCE SHEET - continued
31 March 2025


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 Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





C R Lovegrove - Director


EVOLUTION CEILINGS AND PARTITIONING LTD (REGISTERED NUMBER: 11259260)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Evolution Ceilings and Partitioning Ltd 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from services provided is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 balance sheet date.


EVOLUTION CEILINGS AND PARTITIONING LTD (REGISTERED NUMBER: 11259260)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all 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 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 6,089 80,850 1,468 88,407
DEPRECIATION
At 1 April 2024 2,769 25,208 1,258 29,235
Charge for year 498 13,911 105 14,514
At 31 March 2025 3,267 39,119 1,363 43,749
NET BOOK VALUE
At 31 March 2025 2,822 41,731 105 44,658
At 31 March 2024 3,320 55,642 210 59,172

EVOLUTION CEILINGS AND PARTITIONING LTD (REGISTERED NUMBER: 11259260)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 54,205
DEPRECIATION
At 1 April 2024 13,551
Charge for year 10,164
At 31 March 2025 23,715
NET BOOK VALUE
At 31 March 2025 30,490
At 31 March 2024 40,654

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors 47,150 37,841
Directors' loan accounts 25,210 27,853
VAT 106 211
Prepayments 3,470 2,542
75,936 68,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Bank loans and overdrafts 8,000 8,000
Hire purchase contracts 7,146 6,588
Trade creditors 178 566
Corporation tax payable 9,358 6,738
Social security & other taxes 2,210 1,604
Accrued expenses 1,540 2,135
28,432 25,631

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/25 31/3/24
£    £   
Bank loans - 1-2 years 2,666 8,000
Bank loans - 2-5 years - 2,666
Hire purchase contracts 37,475 44,991
40,141 55,657

EVOLUTION CEILINGS AND PARTITIONING LTD (REGISTERED NUMBER: 11259260)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/25 31/3/24
£    £   
Bank loans 10,666 18,666

The UK Government has provided a guarantee for the bounce back loan should the company default on repayment.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/25 31/3/24
value: £    £   
4 Ordinary £1 4 1

3 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25 31/3/24
£    £   
C R Lovegrove and Mrs A K Lovegrove
Balance outstanding at start of year 27,853 10,999
Amounts advanced 79,917 94,194
Amounts repaid (82,560 ) (77,340 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,210 27,853

No interest is charged on directors loan accounts. Amounts are repayable on demand.