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REGISTERED NUMBER: 03833379 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INVOLUTION LIMITED

INVOLUTION LIMITED (REGISTERED NUMBER: 03833379)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INVOLUTION LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTORS: Mr M Ainsworth
Mr T M Rahill





REGISTERED OFFICE: 3 Park Square
Leeds
West Yorkshire
LS1 2NE





REGISTERED NUMBER: 03833379 (England and Wales)





ACCOUNTANTS: Fortus Limited
3 Park Square East
Leeds
LS1 2NE

INVOLUTION LIMITED (REGISTERED NUMBER: 03833379)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 329,631 404,629
Investments 6 1,304 1,304
330,935 405,933

CURRENT ASSETS
Stocks 149,984 117,990
Debtors 7 1,355,808 1,231,563
Cash at bank 257,080 272,824
1,762,872 1,622,377
CREDITORS
Amounts falling due within one year 8 1,138,461 1,083,834
NET CURRENT ASSETS 624,411 538,543
TOTAL ASSETS LESS CURRENT LIABILITIES 955,346 944,476

CREDITORS
Amounts falling due after more than
one year

9

(54,155

)

(92,156

)

PROVISIONS FOR LIABILITIES 11 (82,408 ) (80,926 )
NET ASSETS 818,783 771,394

CAPITAL AND RESERVES
Called up share capital 12 101 101
Capital redemption reserve 13 200 200
Retained earnings 13 818,482 771,093
SHAREHOLDERS' FUNDS 818,783 771,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

INVOLUTION LIMITED (REGISTERED NUMBER: 03833379)

BALANCE SHEET - continued
31 December 2024


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 29 August 2025 and were signed on its behalf by:





Mr M Ainsworth - Director


INVOLUTION LIMITED (REGISTERED NUMBER: 03833379)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024


1. STATUTORY INFORMATION

Involution Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.


INVOLUTION LIMITED (REGISTERED NUMBER: 03833379)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 55 (2023 - 52 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 100,000
AMORTISATION
At 1 January 2024
and 31 December 2024 100,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

INVOLUTION LIMITED (REGISTERED NUMBER: 03833379)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 532,003 173,460 41,855 33,313 780,631
Additions 12,667 - - 874 13,541
At 31 December 2024 544,670 173,460 41,855 34,187 794,172
DEPRECIATION
At 1 January 2024 226,049 118,948 5,232 25,773 376,002
Charge for year 91,450 10,918 10,464 1,854 114,686
Transfer to ownership (26,147 ) - - - (26,147 )
At 31 December 2024 291,352 129,866 15,696 27,627 464,541
NET BOOK VALUE
At 31 December 2024 253,318 43,594 26,159 6,560 329,631
At 31 December 2023 305,954 54,512 36,623 7,540 404,629

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024 153,908
Transfer to ownership (75,000 )
At 31 December 2024 78,908
DEPRECIATION
At 1 January 2024 34,038
Charge for year 15,782
Transfer to ownership (26,147 )
At 31 December 2024 23,673
NET BOOK VALUE
At 31 December 2024 55,235
At 31 December 2023 119,870

INVOLUTION LIMITED (REGISTERED NUMBER: 03833379)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1,304
NET BOOK VALUE
At 31 December 2024 1,304
At 31 December 2023 1,304

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,167,193 971,672
Directors' current accounts 107,241 135,675
Tax recoverable 45,790 45,790
Prepayments and accrued income 35,584 78,426
1,355,808 1,231,563

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan 20,000 20,000
Hire purchase contracts 21,926 26,676
Trade creditors 834,101 769,258
Corporation tax 74,622 45,790
Social security and other taxes 33,227 28,479
Amounts owed to subsidiary - 6,286
VAT 91,526 95,958
Directors' current accounts - 13,099
Other creditors and accruals 63,059 78,288
1,138,461 1,083,834

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 10,000 30,000
Hire purchase contracts 43,725 61,726
Other creditors 430 430
54,155 92,156

INVOLUTION LIMITED (REGISTERED NUMBER: 03833379)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 65,651 88,402
Bank loan 30,000 50,000
95,651 138,402

The bank loan is a loan under the Coronavirus Business Interruption Loan Scheme. The loan is secured by way of a fixed and floating charge against the company's assets and undertakings.

The hire purchase contracts are secured against the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 82,408 80,926

Deferred
tax
£   
Balance at 1 January 2024 80,926
Charge to the income statement
during year 1,482
Balance at 31 December 2024 82,408

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
101 101

13. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 771,093 200 771,293
Profit for the year 257,389 257,389
Dividends (210,000 ) (210,000 )
At 31 December 2024 818,482 200 818,682

INVOLUTION LIMITED (REGISTERED NUMBER: 03833379)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


14. RELATED PARTY DISCLOSURES

Involution Europe SP. Z O.O. (Poland) is a wholly owned subsidiary of the company.

At 31 December 2024 Involution Limited owed Involution Europe SP. Z O.O. (Poland) £NIL. (2023: £6,286).

During the year the company was charged rent of £91,483 (2023: £99,800 ) in respect of the company pension scheme. Mr M Ainsworth and Mr T Rahill are beneficiaries of the pension scheme.

15. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors.