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REGISTERED NUMBER: 12209809 (England and Wales)














Abridged Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Evolve Flooring Ltd

Evolve Flooring Ltd (Registered number: 12209809)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Evolve Flooring Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr T Rattle





REGISTERED OFFICE: Ebor House Lees Lane
Haworth
Keighley
BD22 8RA





REGISTERED NUMBER: 12209809 (England and Wales)





ACCOUNTANTS: Peckitt Ogden & Co
Chartered Certified Accountants
8 Marsden Park
James Nicolson Link
Clifton Moor
York
YO30 4WX

Evolve Flooring Ltd (Registered number: 12209809)

Abridged Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 74,775 31,037

CURRENT ASSETS
Stocks 2,595,729 2,349,976
Debtors 1,454,836 1,699,377
Cash at bank 1,918,628 110,058
5,969,193 4,159,411
CREDITORS
Amounts falling due within one year 2,802,198 2,019,383
NET CURRENT ASSETS 3,166,995 2,140,028
TOTAL ASSETS LESS CURRENT LIABILITIES 3,241,770 2,171,065

PROVISIONS FOR LIABILITIES 13,949 7,759
NET ASSETS 3,227,821 2,163,306

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 3,227,820 2,163,305
SHAREHOLDERS' FUNDS 3,227,821 2,163,306

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Flooring Ltd (Registered number: 12209809)

Abridged Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:





Mr T Rattle - Director


Evolve Flooring Ltd (Registered number: 12209809)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Evolve Flooring 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Evolve Flooring Ltd (Registered number: 12209809)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 47,536 - 47,536
Additions 18,379 34,642 53,021
At 30 September 2024 65,915 34,642 100,557
DEPRECIATION
At 1 October 2023 16,499 - 16,499
Charge for year 7,551 1,732 9,283
At 30 September 2024 24,050 1,732 25,782
NET BOOK VALUE
At 30 September 2024 41,865 32,910 74,775
At 30 September 2023 31,037 - 31,037

Evolve Flooring Ltd (Registered number: 12209809)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 47,820 32,000
Between one and five years 42,426 53,333
90,246 85,333

6. SECURED DEBTS

The bank facilities are secured by a fixed and floating charge the companies assets, the charge is held by HSBC UK Bank PLC.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. POST BALANCE SHEET EVENTS

On 11 October 2024, Evolve Flooring Ltd acquired 100% of the goodwill and net assets of Factory Direct Flooring Ltd for £4,000,000, financed by a £1,400,000 loan repayable over 5 years.