IRIS Accounts Production v25.3.0.601 SC305710 Board of Directors 1.3.24 28.2.25 28.2.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC305710 2024-02-29 SC305710 2025-02-28 SC305710 2024-03-01 2025-02-28 SC305710 2023-02-28 SC305710 2023-03-01 2024-02-29 SC305710 2024-02-29 SC305710 ns15:Scotland 2024-03-01 2025-02-28 SC305710 ns14:PoundSterling 2024-03-01 2025-02-28 SC305710 ns10:Director1 2024-03-01 2025-02-28 SC305710 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC305710 ns10:SmallEntities 2024-03-01 2025-02-28 SC305710 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SC305710 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 SC305710 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SC305710 ns10:FullAccounts 2024-03-01 2025-02-28 SC305710 1 2024-03-01 2025-02-28 SC305710 ns10:Director2 2024-03-01 2025-02-28 SC305710 ns10:Director3 2024-03-01 2025-02-28 SC305710 ns10:RegisteredOffice 2024-03-01 2025-02-28 SC305710 ns5:CurrentFinancialInstruments 2025-02-28 SC305710 ns5:CurrentFinancialInstruments 2024-02-29 SC305710 ns5:Non-currentFinancialInstruments 2025-02-28 SC305710 ns5:Non-currentFinancialInstruments 2024-02-29 SC305710 ns5:ShareCapital 2025-02-28 SC305710 ns5:ShareCapital 2024-02-29 SC305710 ns5:RevaluationReserve 2025-02-28 SC305710 ns5:RevaluationReserve 2024-02-29 SC305710 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 SC305710 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 SC305710 ns5:NetGoodwill 2024-03-01 2025-02-28 SC305710 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-01 2025-02-28 SC305710 ns5:PlantMachinery 2024-03-01 2025-02-28 SC305710 ns5:FurnitureFittings 2024-03-01 2025-02-28 SC305710 ns5:MotorVehicles 2024-03-01 2025-02-28 SC305710 ns5:NetGoodwill 2024-02-29 SC305710 ns5:NetGoodwill 2025-02-28 SC305710 ns5:NetGoodwill 2024-02-29 SC305710 ns5:LandBuildings 2024-02-29 SC305710 ns5:PlantMachinery 2024-02-29 SC305710 ns5:FurnitureFittings 2024-02-29 SC305710 ns5:LandBuildings 2024-03-01 2025-02-28 SC305710 ns5:LandBuildings 2025-02-28 SC305710 ns5:PlantMachinery 2025-02-28 SC305710 ns5:FurnitureFittings 2025-02-28 SC305710 ns5:LandBuildings 2024-02-29 SC305710 ns5:PlantMachinery 2024-02-29 SC305710 ns5:FurnitureFittings 2024-02-29 SC305710 ns5:MotorVehicles 2024-02-29 SC305710 ns5:ComputerEquipment 2024-02-29 SC305710 ns5:ComputerEquipment 2024-03-01 2025-02-28 SC305710 ns5:MotorVehicles 2025-02-28 SC305710 ns5:ComputerEquipment 2025-02-28 SC305710 ns5:MotorVehicles 2024-02-29 SC305710 ns5:ComputerEquipment 2024-02-29 SC305710 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-02-29 SC305710 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-02-29 SC305710 ns5:LeasedAssetsHeldAsLessee 2024-02-29 SC305710 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-02-28 SC305710 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-02-28 SC305710 ns5:LeasedAssetsHeldAsLessee 2025-02-28 SC305710 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-02-29 SC305710 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-02-29 SC305710 ns5:LeasedAssetsHeldAsLessee 2024-02-29 SC305710 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 SC305710 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29 SC305710 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 SC305710 ns5:RevaluationReserve 2024-02-29 SC305710 ns5:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28

REGISTERED NUMBER: SC305710 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

The Evolve Group (Scotland) Limited

The Evolve Group (Scotland) Limited (Registered number: SC305710)

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

The Evolve Group (Scotland) Limited

Company Information

for the Year Ended 28 February 2025

| DIRECTORS: | Ms N R Magee

| Ms H Orr

| S Nicol

| REGISTERED OFFICE: | 87 High Street

| Burntisland

| KY3 9AA

| REGISTERED NUMBER: | SC305710 (Scotland)

| ACCOUNTANTS: | EQ Accountants Ltd

| 47-49 The Square

| Kelso

| Roxburghshire

| TD5 7HW

The Evolve Group (Scotland) Limited (Registered number: SC305710)

Balance Sheet

28 February 2025

| 28/2/25 | 29/2/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 524,434 |  | 180,265 |  |

524,434 |  | 180,265 |  |

CURRENT ASSETS

Stocks | 113,491 |  | 117,936 |  |

Debtors | 6 | 1,230,243 |  | 818,947 |  |

Cash at bank | 102,903 |  | 67,651 |  |

1,446,637 |  | 1,004,534 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,016,354 |  | 1,391,974 |  |

NET CURRENT LIABILITIES | (569,717 | ) | (387,440 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (45,283 | ) | (207,175 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | (243,690 | ) | (278,516 | ) |

PROVISIONS FOR LIABILITIES | (79,000 | ) | (20,500 | ) |

NET LIABILITIES | (367,973 | ) | (506,191 | ) |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Revaluation reserve | 9 | 50,000 |  | - |  |

Retained earnings | 9 | (417,975 | ) | (506,193 | ) |

(367,973 | ) | (506,191 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Evolve Group (Scotland) Limited (Registered number: SC305710)

Balance Sheet - continued

28 February 2025

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 Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by:

Ms N R Magee - Director

The Evolve Group (Scotland) Limited (Registered number: SC305710)

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| The Evolve Group (Scotland) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

| Turnover

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

| Goodwill

| Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

| Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its estimated useful life of 5 years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 20% 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.

The Evolve Group (Scotland) Limited (Registered number: SC305710)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| 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 or 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.

| 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.

The Evolve Group (Scotland) Limited (Registered number: SC305710)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

| Going concern

| The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The company has net liabilities and is dependent on the continuing support of the director. The director has confirmed that this support will continue for the foreseeable future.

| Following a period impacted by extraordinary circumstances, the directors have taken decisive action to strengthen the company's financial and operational resilience. These measures have resulted in a more stable position reflected in the current financial statements. Based on a review of the company's progress, the directors anticipate further improvements in the forthcoming twelve months and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 33 (2024 - 45 ) .

The Evolve Group (Scotland) Limited (Registered number: SC305710)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 39,800 |  |

| AMORTISATION

| At 1 March 2024

| and 28 February 2025 | 39,800 |  |

| NET BOOK VALUE

| At 28 February 2025 | - |  |

| At 29 February 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST OR VALUATION

| At 1 March 2024 | - |  | 294,119 |  | 75,022 |  |

| Additions | 150,000 |  | 26,988 |  | 192,474 |  |

| Revaluations | 50,000 |  | - |  | - |  |

| At 28 February 2025 | 200,000 |  | 321,107 |  | 267,496 |  |

| DEPRECIATION

| At 1 March 2024 | - |  | 228,249 |  | 11,069 |  |

| Charge for year | - |  | 20,893 |  | 32,082 |  |

| At 28 February 2025 | - |  | 249,142 |  | 43,151 |  |

| NET BOOK VALUE

| At 28 February 2025 | 200,000 |  | 71,965 |  | 224,345 |  |

| At 29 February 2024 | - |  | 65,870 |  | 63,953 |  |

The Evolve Group (Scotland) Limited (Registered number: SC305710)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

5. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 March 2024 | 62,007 |  | 61,023 |  | 492,171 |  |

| Additions | - |  | 251 |  | 369,713 |  |

| Revaluations | - |  | - |  | 50,000 |  |

| At 28 February 2025 | 62,007 |  | 61,274 |  | 911,884 |  |

| DEPRECIATION

| At 1 March 2024 | 32,081 |  | 40,507 |  | 311,906 |  |

| Charge for year | 14,220 |  | 8,349 |  | 75,544 |  |

| At 28 February 2025 | 46,301 |  | 48,856 |  | 387,450 |  |

| NET BOOK VALUE

| At 28 February 2025 | 15,706 |  | 12,418 |  | 524,434 |  |

| At 29 February 2024 | 29,926 |  | 20,516 |  | 180,265 |  |

| Cost or valuation at 28 February 2025 is represented by:

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| Valuation in 2025 | 200,000 |  | 321,107 |  | 267,496 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| Valuation in 2025 | 62,007 |  | 61,274 |  | 911,884 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 March 2024

| and 28 February 2025 | 43,173 |  | 52,722 |  | 95,895 |  |

| DEPRECIATION

| At 1 March 2024

| and 28 February 2025 | 38,867 |  | 24,284 |  | 63,151 |  |

| NET BOOK VALUE

| At 28 February 2025 | 4,306 |  | 28,438 |  | 32,744 |  |

| At 29 February 2024 | 4,306 |  | 28,438 |  | 32,744 |  |

The Evolve Group (Scotland) Limited (Registered number: SC305710)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

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

| 28/2/25 |  | 29/2/24

£ | £ |

| Trade debtors | 833,175 |  | 412,454 |  |

| Amounts owed by associates | 282,215 |  | 235,066 |  |

| Other debtors | 114,853 |  | 171,427 |  |

1,230,243 |  | 818,947 |  |

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

| 28/2/25 |  | 29/2/24

£ | £ |

| Bank loans and overdrafts | 39,289 |  | 36,659 |  |

| Hire purchase contracts | 21,248 |  | 16,807 |  |

| Trade creditors | 399,481 |  | 488,357 |  |

| Taxation and social security | 206,821 |  | 216,426 |  |

| Other creditors | 1,349,515 |  | 633,725 |  |

2,016,354 |  | 1,391,974 |  |

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

| 28/2/25 |  | 29/2/24

£ | £ |

| Bank loans | 220,510 |  | 262,880 |  |

| Hire purchase contracts | 23,180 |  | 15,636 |  |

243,690 |  | 278,516 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 108,420 |  | 149,817 |  |

9. | RESERVES

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 March 2024 | (506,193 | ) | - |  | (506,193 | ) |

| Profit for the year | 88,218 |  | 88,218 |  |

| Property revaluation reserve | - |  | 50,000 |  | 50,000 |  |

| At 28 February 2025 | (417,975 | ) | 50,000 |  | (367,975 | ) |