Evolve Commercial Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 12598549

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		31,777		27,856

			31,777		27,856
CURRENT ASSETS
Debtors	5	1,017,214		656,138
Cash at bank and in hand		511,081		496,182

		1,528,295		1,152,320
Creditors: Amounts Falling Due Within One Year	6	(799,852 )		(511,881 )

NET CURRENT ASSETS (LIABILITIES)			728,443		640,439

TOTAL ASSETS LESS CURRENT LIABILITIES			760,220		668,295

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(7,944 )		(6,805 )

NET ASSETS			752,276		661,490

CAPITAL AND RESERVES
Called up share capital	8		221		211
Share premium account			5,759		3,049
Profit and Loss Account			746,296		658,230

SHAREHOLDERS' FUNDS			752,276		661,490

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Evolve Commercial Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account.

On behalf of the board

Mr Robert Fisher

Director

25/07/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Evolve Commercial Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12598549 . The registered office is 1 Lindsay Road, Bristol, Somerset, BS7 9NP.

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:

Plant & Machinery	33% Straight line
Motor Vehicles	15% Straight line
Fixtures & Fittings	33% Straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are

depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are

depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of

ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the

finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss

account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the

lessor are charged to profit and loss account as incurred.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Evolve Commercial Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 26 (2024: 15)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 June 2024	23,454	34,094	2,912	60,460
Additions	18,537	-	2,462	20,999

As at 31 May 2025	41,991	34,094	5,374	81,459

Depreciation
As at 1 June 2024	10,557	20,549	1,498	32,604
Provided during the period	10,658	5,112	1,308	17,078

As at 31 May 2025	21,215	25,661	2,806	49,682

Net Book Value
As at 31 May 2025	20,776	8,433	2,568	31,777

As at 1 June 2024	12,897	13,545	1,414	27,856

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Evolve Commercial Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	995,442	554,176
Prepayments and accrued income	21,772	101,962

	1,017,214	656,138

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	99,378	9,273
Other taxes and social security	314,413	297,833
VAT	216,024	171,713
Other creditors	22,873	12,697
Credit card bank account	7,762	5,214
Accruals and deferred income	127,197	4,500
Directors' loan accounts	12,205	10,651

	799,852	511,881

7. Deferred Taxation

The provision for deferred tax is made up as follows:

Temporary timing differences relating to fixed assets

	2025	2024
	£	£
Other timing differences	7,944	6,805

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	221	211

9. Exceptional Items

The company incurred significant costs in preparing the business for a potential sale, these are included on the profit and loss as exceptional costs.

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Evolve Commercial Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

10. Evolve Commercial EMI Share Option Scheme

An Employee Management Incentive Programme has been established by the company to promote long term success through effective reward and incentivisation of employees.

As at the 31st May 2025 nine Employees have received Option Agreements and, of these nine, eight employees have exercised rights to shares under the scheme. 1 lot of options have been cancelled.

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