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Company No: 11145249 (England and Wales)

EVOLVE & ADAPT LIMITED

Abridged Unaudited Financial Statements
For the financial year ended 31 January 2025

EVOLVE & ADAPT LIMITED

Abridged Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

EVOLVE & ADAPT LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2025
EVOLVE & ADAPT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2025
DIRECTORS Emma Benaine
Sam Walters
REGISTERED OFFICE United Kingdom
COMPANY NUMBER 11145249 (England and Wales)
ACCOUNTANT Synergee
Pluto House
6 Vale Avenue
Tunbridge Wells
TN1 1DJ
EVOLVE & ADAPT LIMITED

BALANCE SHEET

As at 31 January 2025
EVOLVE & ADAPT LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 31,457 26,604
31,457 26,604
Current assets
Debtors 49,975 9,174
Cash at bank and in hand 4,120 46,749
54,095 55,923
Creditors: amounts falling due within one year ( 10,638) ( 28,850)
Net current assets 43,457 27,073
Total assets less current liabilities 74,914 53,677
Provision for liabilities ( 8,427) 0
Net assets 66,487 53,677
Capital and reserves
Called-up share capital 4 100 100
Profit and loss account 66,387 53,577
Total shareholders' funds 66,487 53,677

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Evolve & Adapt Limited (registered number: 11145249) were approved and authorised for issue by the Board of Directors on 09 July 2025. They were signed on its behalf by:

Sam Walters
Director
EVOLVE & ADAPT LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
EVOLVE & ADAPT LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Evolve & Adapt Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is , United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 39 30

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2024 48,802 48,802
Additions 13,569 13,569
At 31 January 2025 62,371 62,371
Accumulated depreciation
At 01 February 2024 22,198 22,198
Charge for the financial year 8,716 8,716
At 31 January 2025 30,914 30,914
Net book value
At 31 January 2025 31,457 31,457
At 31 January 2024 26,604 26,604

5. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100