Evo Distribution Limited 04190190 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is wholesale of computers, computer peripheral equipment and software. Digita Accounts Production Advanced 6.30.9574.0 true true true 04190190 2023-11-01 2024-10-31 04190190 2024-10-31 04190190 core:CapitalRedemptionReserve 2024-10-31 04190190 core:RetainedEarningsAccumulatedLosses 2024-10-31 04190190 core:ShareCapital 2024-10-31 04190190 core:CurrentFinancialInstruments 2024-10-31 04190190 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 04190190 core:PlantMachinery 2024-10-31 04190190 bus:SmallEntities 2023-11-01 2024-10-31 04190190 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 04190190 bus:FilletedAccounts 2023-11-01 2024-10-31 04190190 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04190190 bus:RegisteredOffice 2023-11-01 2024-10-31 04190190 bus:Director2 2023-11-01 2024-10-31 04190190 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04190190 core:PlantMachinery 2023-11-01 2024-10-31 04190190 1 2023-11-01 2024-10-31 04190190 countries:England 2023-11-01 2024-10-31 04190190 2023-10-31 04190190 core:PlantMachinery 2023-10-31 04190190 2022-11-01 2023-10-31 04190190 2023-10-31 04190190 core:CapitalRedemptionReserve 2023-10-31 04190190 core:RetainedEarningsAccumulatedLosses 2023-10-31 04190190 core:ShareCapital 2023-10-31 04190190 core:CurrentFinancialInstruments 2023-10-31 04190190 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 04190190 core:PlantMachinery 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 04190190

Evo Distribution Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Evo Distribution Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Evo Distribution Limited

(Registration number: 04190190)
Statement of Financial Position as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

24

38

Current assets

 

Stocks

5

206,608

56,181

Debtors

6

68,812

36,796

Cash at bank and in hand

 

18,991

64,603

 

294,411

157,580

Creditors: Amounts falling due within one year

7

(271,828)

(137,014)

Net current assets

 

22,583

20,566

Net assets

 

22,607

20,604

Capital and reserves

 

Called up share capital

20,000

20,000

Capital redemption reserve

150

150

Profit and loss account

2,457

454

Shareholders' funds

 

22,607

20,604

For the financial year ending 31 October 2024 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 9 July 2025 and signed on its behalf by:
 


Mr R A Badminton
Director

 

Evo Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
Lytchett House, 13 Freeland Park
Wareham Road
Poole
Dorset
BH16 6FA
United Kingdom

Principal activity

The principal activity of the company is wholesale of computers, computer peripheral equipment and software.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis which assumed that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on continued support from the company's director and parent company.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet value of the assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets as current assets.

The director believes that it is appropriate for the financial statements to be prepared on the going concern basis.

 

Evo Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Asset class

Depreciation method and rate

Computer equipment

33% reducing balance

Impairment

 

Evo Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

2

Accounting policies (continued)

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Evo Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 November 2023

1,290

1,290

At 31 October 2024

1,290

1,290

Depreciation

At 1 November 2023

1,252

1,252

Charge for the year

14

14

At 31 October 2024

1,266

1,266

Carrying amount

At 31 October 2024

24

24

At 31 October 2023

38

38

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

206,608

56,181

 

Evo Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

6

Debtors

2024
£

2023
£

Trade debtors

6,102

16,265

Other debtors

62,710

20,531

68,812

36,796

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

 

1,662

123

Amounts owed to group undertakings and undertakings in which the company has a participating interest

258,936

109,675

Taxation and social security

 

6,022

23,411

Accruals and deferred income

 

3,495

3,495

Other creditors

 

1,713

310

 

271,828

137,014

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Capital redemption reserve:

This reserve records non-distributable reserves relating to capital redemptions.

9

Controlling party

The company's immediate parent is SM Group (Europe) Ltd, incorporated in England.

  These financial statements are available upon request from Mercator House, 22 Brest Road, Plymouth, Devon, PL6 5XP.