REGISTERED NUMBER: 06747987 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Evolifts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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.

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

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.