Evolution FS Ltd

(Registration number: 08088231)
Balance Sheet as at 31 May 2025

	Note	31.05.25		31.05.24
		£	£	£	£
FIXED ASSETS
Intangible assets	4		-		61,784
Tangible assets	5		48,499		20,522
Other financial assets	6		1		1
			48,500		82,307
CURRENT ASSETS
Debtors	7	220,017		456,128
Investments	8	120,000		120,000
Cash at bank and in hand		134,757		26,446
		474,774		602,574
CREDITORS
Creditors within 1yr	9	(281,520)		(420,081)
Net current assets			193,254		182,493
Total assets less current liabilities			241,754		264,800
Loans and borrowings			(87,886)		(126,489)
Net assets			153,868		138,311
CAPITAL AND RESERVES
Called up share capital			200		200
Profit and loss account			153,668		138,111
Shareholders' funds			153,868		138,311

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

Evolution FS Ltd

(Registration number: 08088231)
Balance Sheet as at 31 May 2025 (continued)

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 September 2025

......................................... Mr Andrew Rowe Director

Evolution FS Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1.	General information

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

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 2 September 2025.

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 presentational currency is Pound Sterling (£).

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

Evolution FS Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet 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
Motor Vehicles	20% on reducing balance
Fixtures & Fittings	20% on reducing balance
Computer Equipment	20% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Evolution FS Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Evolution FS Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

3.	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2024 - 11).

Evolution FS Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

4.	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 June 2024	899,713	899,713
At 31 May 2025	899,713	899,713
Amortisation
At 1 June 2024	899,713	899,713
At 31 May 2025	899,713	899,713
Carrying amount
At 31 May 2025	-	-
At 31 May 2024	61,784	61,784

5.	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 June 2024	18,502	34,806	53,308
Additions	35,923	1,713	37,636
At 31 May 2025	54,425	36,519	90,944
Depreciation
At 1 June 2024	14,962	17,824	32,786
Charge for the year	4,964	4,695	9,659
At 31 May 2025	19,926	22,519	42,445
Carrying amount
At 31 May 2025	34,499	14,000	48,499
At 31 May 2024	3,540	16,982	20,522

Evolution FS Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

6.	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 June 2024	1	1
At 31 May 2025	1	1
Impairment
Carrying amount
At 31 May 2025	1	1

7.

Debtors

Current	Note	31.05.25 £	31.05.24 £
Amounts owed by related parties		215,017	439,935
Prepayments		5,000	13,500
Other debtors		-	2,693
		220,017	456,128

8.	Current asset investments

	31.05.25 £	31.05.24 £
Other investments	120,000	120,000

Evolution FS Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

9.

Creditors

Creditors: amounts falling due within one year

	Note	31.05.25 £	31.05.24 £
Due within one year
Loans and borrowings	10	54,490	81,336
Trade creditors		6,663	8,360
Taxation and social security		191,513	289,788
Accruals and deferred income		24,500	33,000
Other creditors		4,354	7,597
		281,520	420,081