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REGISTERED NUMBER: 06747987 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Evolifts Limited

Evolifts Limited (Registered number: 06747987)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Evolifts Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | S Coak

| REGISTERED OFFICE: | 52 Mayfair Gardens

| Southampton

| Hampshire

| SO15 2TW

| REGISTERED NUMBER: | 06747987 (England and Wales)

| ACCOUNTANTS: | Sheppard & Co Limited

| Chartered Accountants

| West Barn, c/o Down Farm

| Hindon

| Salisbury

| Wiltshire

| SP3 5TA

Evolifts Limited (Registered number: 06747987)

Balance Sheet

31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,198 |  | 1,135 |  |

CURRENT ASSETS

Stocks | 5 | 1,066 |  | 661 |  |

Debtors | 6 | 100,720 |  | 94,404 |  |

Cash at bank | 285,869 |  | 181,209 |  |

387,655 |  | 276,274 |  |

CREDITORS

Amounts falling due within one year | 7 | (306,498 | ) | (185,942 | ) |

NET CURRENT ASSETS | 81,157 |  | 90,332 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 83,355 |  | 91,467 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (2,427 | ) | (12,609 | ) |

NET ASSETS | 80,928 |  | 78,858 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 80,828 |  | 78,758 |  |

SHAREHOLDERS' FUNDS | 80,928 |  | 78,858 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2025 and were signed by:

S Coak - Director

Evolifts Limited (Registered number: 06747987)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Evolifts Limited 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | Straight line over 3 years

| Computer Equipment | - | 33% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 or if purchased forward at that fixed rate of exchange. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction or, if puchased forward at that rate. 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.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

Evolifts Limited (Registered number: 06747987)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Short term creditors are measured at the transaction price.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | Equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 6,736 |  | 15,231 |  | 21,967 |  |

| Additions | - |  | 2,246 |  | 2,246 |  |

| Disposals | (1,135 | ) | (11,695 | ) | (12,830 | ) |

| At 31 March 2025 | 5,601 |  | 5,782 |  | 11,383 |  |

| DEPRECIATION

| At 1 April 2024 | 6,658 |  | 14,174 |  | 20,832 |  |

| Charge for year | 78 |  | 1,098 |  | 1,176 |  |

| Eliminated on disposal | (1,135 | ) | (11,688 | ) | (12,823 | ) |

| At 31 March 2025 | 5,601 |  | 3,584 |  | 9,185 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | 2,198 |  | 2,198 |  |

| At 31 March 2024 | 78 |  | 1,057 |  | 1,135 |  |

5. | STOCKS

| 31.3.25 |  | 31.3.24

£ | £ |

| Stocks | 1,066 |  | 661 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 60,792 |  | 70,535 |  |

| Other debtors | 2,653 |  | - |  |

| Directors' current accounts | 22 |  | - |  |

| Deferred tax asset | 3,268 |  | 3,533 |  |

| Prepayments and accrued income | 33,985 |  | 20,216 |  |

| Deposits held | - |  | 120 |  |

100,720 |  | 94,404 |  |

Evolifts Limited (Registered number: 06747987)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts (see note 9) | 10,648 |  | 10,648 |  |

| Trade creditors | 50,800 |  | 46,605 |  |

| Tax | 11,170 |  | 2,932 |  |

| Social security and other taxes | 721 |  | 3,778 |  |

| VAT | 18,748 |  | 7,099 |  |

| Other creditors | 278 |  | 14,624 |  |

| Deposits Held | 194,734 |  | 93,201 |  |

| Accruals and deferred income | 19,399 |  | 7,055 |  |

306,498 |  | 185,942 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans (see note 9) | 2,427 |  | 12,609 |  |

9. | LOANS

| Bounceback Loan

| The company has a bounceback loan. This loan is unsecured, interest and repayment free for the first 12 months, followed by 60 repayments with an interest rate of 2.5%.

10. | DEFERRED TAX

£ |

| Balance at 1 April 2024 | (3,533 | ) |

| Charge to Statement of Income and Retained Earnings during year | 265 |  |

| Balance at 31 March 2025 | (3,268 | ) |

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is S Coak.