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REGISTERED NUMBER: 04263289 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Evernex IT Services UK Ltd

Evernex IT Services UK Ltd (Registered number: 04263289)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Evernex IT Services UK Ltd

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | S Pilot

| SECRETARY: | G F de Toytot

| REGISTERED OFFICE: | 14 Amherst Avenue

| London

| W13 8NQ

| REGISTERED NUMBER: | 04263289 (England and Wales)

| ACCOUNTANTS: | Shaw Accounting Services Limited

| 14 Amherst Avenue

| London

| W13 8NQ

Evernex IT Services UK Ltd (Registered number: 04263289)

Balance Sheet

31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 5 | 114,303 |  | 370,883 |  |

Cash at bank | 138,240 |  | 163,740 |  |

252,543 |  | 534,623 |  |

CREDITORS

Amounts falling due within one year | 6 | 234,948 |  | 129,634 |  |

NET CURRENT ASSETS | 17,595 |  | 404,989 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 17,595 |  | 404,989 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 17,495 |  | 404,889 |  |

SHAREHOLDERS' FUNDS | 17,595 |  | 404,989 |  |

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 director acknowledges his 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.

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 director and authorised for issue on 11 September 2025 and were signed by:

S Pilot - Director

Evernex IT Services UK Ltd (Registered number: 04263289)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Evernex IT Services UK Ltd 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.

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 represents net invoiced sales of goods and services, excluding value added tax. The company only has one class of business as reported in the director's report. The majority of the company sales originate in and are made in the United Kingdom.

| Goodwill

| Goodwill which is in respect of the purchase of a business name in 2002 has been written off over its expected useful economic life of 10 years.

| 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.

| 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.

| 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.

| 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 2 (2023 - NIL ) .

Evernex IT Services UK Ltd (Registered number: 04263289)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 20,000 |  |

| AMORTISATION

| At 1 January 2024

| and 31 December 2024 | 20,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 111,317 |  | 177,236 |  |

| Amounts owed by group undertakings | - |  | 193,425 |  |

| Other debtors | 2,986 |  | 222 |  |

114,303 |  | 370,883 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 71,689 |  | 60,720 |  |

| Amounts owed to group undertakings | 117,626 |  | - |  |

| Taxation and social security | 40,167 |  | 64,204 |  |

| Other creditors | 5,466 |  | 4,710 |  |

234,948 |  | 129,634 |  |

7. | SECURED DEBTS

| The company's bankers have a fixed and floating charge over the assets of the company.

8. | RELATED PARTY DISCLOSURES

| The company is a part of a group. In the year to 31 December 2024 the company purchased and sold goods and services totalling £295,053 (2023 : £118,740) and £118,345 (2023 : £407,077) respectively from and to group companies on normal commercial terms. The company was charged £21,568 (2023 : £34,009) in respect of management fees and royalties by a group company.

| As at 31 December 2024 the company owed £117,626 to group companies (31 December 2023 : was owed £193,425,).