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Registered number: 07570517
Evolution Trading (UK) Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 07570517
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,712,957 1,713,040
1,712,957 1,713,040
CURRENT ASSETS
Debtors 5 3,604,003 3,492,502
Cash at bank and in hand 189 5,479
3,604,192 3,497,981
Creditors: Amounts Falling Due Within One Year 6 (1,908,112 ) (1,801,317 )
NET CURRENT ASSETS (LIABILITIES) 1,696,080 1,696,664
TOTAL ASSETS LESS CURRENT LIABILITIES 3,409,037 3,409,704
Creditors: Amounts Falling Due After More Than One Year 7 (3,316,818 ) (3,317,291 )
NET ASSETS 92,219 92,413
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 100,000 100,000
Income Statement (7,881 ) (7,687 )
SHAREHOLDERS' FUNDS 92,219 92,413
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Dr M Kalairajah
Director
29/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Evolution Trading (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07570517 . The registered office is Ground Floor, Unit 1, Mulgrave Chambers, 26-28 Mulgrave Road, Sutton, Surrey, SM2 6LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment  : 20 % on the reducing balance basis.
Freehold & Leasehold Properties are not depreciated.
Freehold Freehold Properties
Leasehold Leasehold Properties
Computer Equipment Computer Equipment
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Leasehold Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 440,168 1,272,596 1,620 1,714,384
As at 30 September 2024 440,168 1,272,596 1,620 1,714,384
Depreciation
As at 1 October 2023 - - 1,344 1,344
Provided during the period - - 83 83
As at 30 September 2024 - - 1,427 1,427
Net Book Value
As at 30 September 2024 440,168 1,272,596 193 1,712,957
As at 1 October 2023 440,168 1,272,596 276 1,713,040
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - Related Companies 3,602,431 3,498,391
Broker Investment Accounts 1,572 (5,889 )
3,604,003 3,492,502
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
PAYE & social security 2,683 1,667
Salaries Outstanding 1,591 7,785
Other creditors - Pension Payable 128 332
Student Loan 1,271 417
Bounce Back Loan - Within 1 Year 6,782 6,782
Sundry Creditors & Accruals 1,380 1,800
Director's loan account 86,922 22,918
Other Creditors - Related Companies 1,807,355 1,759,616
1,908,112 1,801,317
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce Back Loan - Beyond 1 year 29,782 30,255
Other loan - Investec 1,000,000 1,000,000
Loans - Shyam Kalairajah 2,287,036 2,287,036
3,316,818 3,317,291
8. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Reserves
Revaluation Reserve
£
As at 1 October 2023 100,000
As at 30 September 2024 100,000
Page 4