Evolution Print & Design Ltd Company accounts

COMPANY REGISTRATION NUMBER: 07269945

Evolution Print & Design Ltd

Unaudited Financial Statements

31 December 2024

Evolution Print & Design Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Director's report	2

Statement of income and retained earnings	3

Statement of financial position	4

Notes to the financial statements	6

The following pages do not form part of the financial statements

Accountants report to the director on the preparation of the unaudited statutory financial statements	11

Evolution Print & Design Ltd

Officers and Professional Advisers

Director Mr G C Naker

- Director

Company secretary	Mr G C Naker

Registered office	143 Cavendish Road
	Leicester
	Leicestershire
	LE2 7PJ

Accountant	Ableman & Ableman
	Accountants
	Devonshire House
	Honeypot Lane
	Stanmore
	Middlesex
	HA7 1JS

Bankers	Barclays Bank PLC
	54 Lombard Street
	London
	EC3P 3AH

Evolution Print & Design Ltd

Director's Report

Year ended 31 December 2024

The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Director

The director who served the company during the year was as follows:

Mr G C Naker

Going concern

The director has reviewed the impact on the company following the UK leaving the EU(Brexit) and the COVID-19 outbreak and considers that these events are expected to affect the company. However with the continuing financial support from the shareholders and director, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 21 September 2025 and signed on behalf of the board by:

Mr G C Naker

Company Secretary

Registered office:

143 Cavendish Road

Leicester

Leicestershire

LE2 7PJ

Evolution Print & Design Ltd

Statement of Income and Retained Earnings

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	426,142	467,908

Cost of sales	252,330	298,195
	---------	---------
Gross profit	173,812	169,713

Distribution costs	26,659	34,990
Administrative expenses	138,036	145,331
	---------	---------
Operating profit/(loss)	9,117	( 10,608)

Other interest receivable and similar income		–	120
		---------	---------
Profit/(loss) before taxation	5	9,117	( 10,488)

Tax on profit/(loss)	–	–
	-------	--------
Profit/(loss) for the financial year and total comprehensive income	9,117	( 10,488)
	-------	--------

Retained losses at the start of the year	( 71,631)	( 61,143)
	--------	--------
Retained losses at the end of the year	( 62,514)	( 71,631)
	--------	--------

All the activities of the company are from continuing operations.

Evolution Print & Design Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		2,431	1,002

Current assets

Stocks		9,902	6,090
Debtors	7	84,243	82,142
Cash at bank and in hand		9,787	56,647
		---------	---------
		103,932	144,879

Creditors: amounts falling due within one year	8	54,865		89,277
		---------		---------
Net current assets			49,067	55,602
			--------	--------
Total assets less current liabilities			51,498	56,604

Creditors: amounts falling due after more than one year	9	113,912	128,135
		---------	---------
Net liabilities		( 62,414)	( 71,531)
		---------	---------

Evolution Print & Design Ltd

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 62,514)	( 71,631)
	--------	--------
Shareholders deficit	( 62,414)	( 71,531)
	--------	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 September 2025 , and are signed on behalf of the board by:

Mr G C Naker
Director

Company registration number: 07269945

Evolution Print & Design Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 143 Cavendish Road, Leicester, Leicestershire, LE2 7PJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% straight line
Fixtures and fittings	-	50% straight line
Equipment	-	50% reducing balance

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a 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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

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. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2024	2023
	£	£
Depreciation of tangible assets	827	603
Impairment of tangible assets	983	1,475
	----	-------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	32,664	886	9,001	42,551
Additions	–	–	3,240	3,240
	--------	----	--------	--------
At 31 December 2024	32,664	886	12,241	45,791
	--------	----	--------	--------
Depreciation
At 1 January 2024	31,680	886	8,983	41,549
Charge for the year	984	–	827	1,811
	--------	----	--------	--------
At 31 December 2024	32,664	886	9,810	43,360
	--------	----	--------	--------
Carrying amount
At 31 December 2024	–	–	2,431	2,431
	--------	----	--------	--------
At 31 December 2023	984	–	18	1,002
	--------	----	--------	--------

7. Debtors

	2024	2023
	£	£
Trade debtors	63,008	60,478
Prepayments and accrued income	1,609	1,541
Staff Loan	14,795	14,771
Taxation -VAT	–	1,029
Other debtors	4,831	4,323
	--------	--------
	84,243	82,142
	--------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	29,654	47,595
Accruals and deferred income	( 2,800)	–
Social security and other taxes	8,129	7,623
Director loan accounts	7,573	15,917
Bounce Back Loan	5,309	5,309
SAAS Loan	7,000	12,833
	--------	--------
	54,865	89,277
	--------	--------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
SASS Loan	86,868	95,208
Bounce Back Loan	27,044	32,927
	---------	---------
	113,912	128,135
	---------	---------

10. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

Evolution Print & Design Ltd

Management Information

Year ended 31 December 2024

The following pages do not form part of the financial statements.

Evolution Print & Design Ltd

Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Evolution Print & Design Ltd

Year ended 31 December 2024

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.

Ableman & Ableman Accountants

DevonshireHouse Honeypot Lane Stanmore Middlesex HA7 1JS

21 September 2025