Evolution Orthotic Systems Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06566214 (England and Wales)

EVOLUTION ORTHOTIC SYSTEMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P W Barrow

REGISTERED OFFICE:

73 Clifton Road

Rugby

CV21 3QG

REGISTERED NUMBER:

06566214 (England and Wales)

ACCOUNTANTS:

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

FIXED ASSETS

Intangible assets

4

18,618

Tangible assets

5

10,219

12,773

28,837

31,391

CURRENT ASSETS

Stocks

6,000

Debtors

6

184,093

148,753

Cash at bank

10,633

34,149

200,726

188,902

CREDITORS

Amounts falling due within one year

7

32,523

27,539

NET CURRENT ASSETS

168,203

161,363

TOTAL ASSETS LESS CURRENT
LIABILITIES

197,040

192,754

CREDITORS

Amounts falling due after more than one
year

8

(1,333

)

(9,333

)

PROVISIONS FOR LIABILITIES

(2,265

)

(2,840

)

NET ASSETS

193,442

180,581

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

193,342

180,481

SHAREHOLDERS' FUNDS

193,442

180,581

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 5th December 2025 and were signed by:

P W Barrow - Director

1.	STATUTORY INFORMATION

Evolution Orthotic Systems 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.

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.

Significant judgements and estimates

There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover

Turnover represents the value of services made. The company is not registered for value added tax.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

-

20% on reducing balance

Computer equipment

-

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.

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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2024

and 31st March 2025

18,618

NET BOOK VALUE

At 31st March 2025

18,618

At 31st March 2024

18,618

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1st April 2024

and 31st March 2025

1,776

46,549

48,325

DEPRECIATION

At 1st April 2024

1,211

34,341

35,552

Charge for year

113

2,441

2,554

At 31st March 2025

1,324

36,782

38,106

NET BOOK VALUE

At 31st March 2025

452

9,767

10,219

At 31st March 2024

565

12,208

12,773

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

923

1,782

Other debtors

183,170

146,971

184,093

148,753

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

8,000

Corporation tax payable

20,013

16,087

Directors' current accounts

2,650

1,664

Accrued expenses

1,860

1,788

32,523

27,539

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

1,333

8,000

Bank loans - 2-5 years

-

1,333

9,333