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EVOLVE LIFESTYLE ACADEMY LTD

Registered Number
09742341
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

EVOLVE LIFESTYLE ACADEMY LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Director | COSTIGAN, Russell James

Registered Address | Friths Farm Friths Court
| Hoghton
| Preston
| PR5 0EF

Place of Business | Unit 11 Kenyons Business Park
| Gough Lane
| Bamber Bridge
| PR5 6AR

Registered Number | 09742341 (England and Wales)

EVOLVE LIFESTYLE ACADEMY LTD
Balance Sheet as at
31 December 2024

| Notes | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 26,107 |  |  |  | 2,216
|  |  |  | 26,107 |  |  |  | 2,216
Current assets |  |  |  |  |  |  |  |
Stocks | 5 | 174 |  |  |  | 252 |  |
Debtors | 6,7 | 4,123 |  |  |  | 276 |  |
Cash at bank and on hand |  | 1,109 |  |  |  | 421 |  |
|  | 5,406 |  |  |  | 949 |  |
Creditors amounts falling due within one year | 8 | (15,231) |  |  |  | (2,759) |  |
Net current assets (liabilities) |  |  |  | (9,825) |  |  |  | (1,810)
Total assets less current liabilities |  |  |  | 16,282 |  |  |  | 406
Creditors amounts falling due after one year | 9 |  |  | (26,167) |  |  |  | (8,467)
Provisions for liabilities | 10 |  |  | (289) |  |  |  | (289)
Net assets |  |  |  | (10,174) |  |  |  | (8,350)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  | (10,274) |  |  |  | (8,450)
Shareholders' funds |  |  |  | (10,174) |  |  |  | (8,350)

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 12 September 2025, and are signed on its behalf by:
COSTIGAN, Russell James Director Registered Company No. 09742341

EVOLVE LIFESTYLE ACADEMY LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Going concern
--- | ---
| The company made a small operating profit before depreciation. In November 2024 the business moved to larger premises and acquired additional equipment and members via referrals from the previous gym operating at those premises. The company has continued to grow membership and achieve an operating profit during 2025. As such, the accounts have been prepared on a going-concern basis.

| Turnover policy
--- | ---
| Turnover represents the value services, net of value added tax, provided to customers. Turnover includes revenue earned from the sale of goods and from the rendering of services. Revenue is recognised when the following conditions are satisfied: -the benefits of the services passes to the customers -it is probable that the economic benefits associated with the transaction will flow to the entity and -the costs incurred or to be incurred in respect of the transaction can be measured reliably

| Revenue from sale of goods
--- | ---
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Straight line (years)
| Plant and machinery | 3
| Fixtures and fittings | 3
| Office Equipment | 3

| Stocks and work in progress
--- | ---
| Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Financial instruments
--- | ---
| The company has elected to apply the provision of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset with the net amounts presented in the financial statements, when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. | Average number of employees
--- | ---

|  | 2024 |  | 2023
| Average number of employees during the year | 1 |  | 1

3. | Tangible fixed assets
--- | ---

|  | Plant & machinery |  | Fixtures & fittings |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 January 24 | 8,725 |  | 11,808 |  | 2,271 |  | 22,804
| Additions | 19,595 |  | 4,105 |  | 2,175 |  | 25,875
| Disposals | (2,029) |  | (3,376) |  | - |  | (5,405)
| At 31 December 24 | 26,291 |  | 12,537 |  | 4,446 |  | 43,274
| Depreciation and impairment
| At 01 January 24 | 6,667 |  | 11,808 |  | 2,113 |  | 20,588
| Charge for year | 1,984 |  | - |  | - |  | 1,984
| On disposals | (2,029) |  | (3,376) |  | - |  | (5,405)
| At 31 December 24 | 6,622 |  | 8,432 |  | 2,113 |  | 17,167
| Net book value
| At 31 December 24 | 19,669 |  | 4,105 |  | 2,333 |  | 26,107
| At 31 December 23 | 2,058 |  | - |  | 158 |  | 2,216

4. | Fixed asset investments
--- | ---

5. | Stocks
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Other stocks | 174 |  | 252
| Total | 174 |  | 252

6. | Debtors: amounts due within one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Other debtors | - |  | 95
| Prepayments and accrued income | 186 |  | 181
| Total | 186 |  | 276

| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7. | Debtors: amounts due after one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 3,938 |  | -
| Total | 3,938 |  | -

| The debtors balance due after mode than one year qualifies as a basic financial instruments and has been measured at transaction price.

8. | Creditors: amounts due within one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 5,675 |  | 292
| Bank borrowings and overdrafts | 2,381 |  | 2,461
| Amounts owed to related parties | 5,880 |  | 6
| Accrued liabilities and deferred income | 1,295 |  | -
| Total | 15,231 |  | 2,759

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9. | Creditors: amounts due after one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 1,167 |  | 3,467
| Amounts owed to related parties | 25,000 |  | 5,000
| Total | 26,167 |  | 8,467

| Amounts owed to related parties a loan of 5,000 and a loan of 25,000, both from close family members of the Director. The loans are interest free and is to be repaid when the business returns to sufficient liquidity, the loan of 25,000 having a final settlement date of 30.04.30. 5,000 of this loan has been classified as falling due in less than one year and is included within the current liabilities balance. The loans qualifiy as a basic financial instrument and has been measured at transaction price.

10. | Provisions for liabilities
--- | ---
| Provisions for liabilities are in respect of deferred tax.

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 289 |  | 289
| Total | 289 |  | 289

11. | Other commitments
--- | ---
| As at 31st December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods: Payments due: 31.12.24 31.12.23 Not later than one year £14,162 £1,974 Later than one year and not later than five years £25,875 £0