Evok3 Performance Ltd

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

1. General Information

Evok3 Performance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11911321 . The registered office is 53 East Street, Thame, Oxfordshire, OX9 3JS.

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. 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.

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:

Computer Equipment

33% on cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at their transaction price adjusted for transaction costs, (except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

...CONTINUED

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Evok3 Performance Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Financial Instruments - continued

Classification of financial liabilities: Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, loans from fellow group companies, other loans and preference shares that are classified as debt, are initially recognised at their transaction price adjusted for transaction costs, (except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at their transaction price and are subsequently measured at amortised cost using the effective interest method.

2.6. 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.

2.7. 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.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Evok3 Performance Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

2.9. Interest Income

Interest income is recognised in profit or loss using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	4,218

As at 31 March 2025	4,218

Depreciation
As at 1 April 2024	3,606
Provided during the period	378

As at 31 March 2025	3,984

Net Book Value
As at 31 March 2025	234

As at 1 April 2024	612

5. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	116	116
Origination and reversal of timing differences	(72 )	(72 )

Balance at 31 March 2025	44	44

6. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
30 Ordinary A shares of £ 1.00 each	30	30
30 Ordinary B shares of £ 1.00 each	30	30
20 Ordinary D shares of £ 1.00 each	20	20

	80	100

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Evok3 Performance Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

	2025	2024
Allotted, called up but not fully paid	£	£
20 Ordinary C shares of £ 1.00 each	20	20

All shares have equal rights to vote, capital on winding up and will rank pari passu except for independent dividend rights which will be entirely at the discretion of the company.

7. Pension Commitments

The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £189 (2024 - £17) were due to the fund. They are included in Other Creditors.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		234		612

			234		612
CURRENT ASSETS
Stocks		269,941		314,230
Debtors		119,422		90,571
Cash at bank and in hand		70,448		82,743

		459,811		487,544
Creditors: Amounts Falling Due Within One Year		(129,228 )		(91,463 )

NET CURRENT ASSETS (LIABILITIES)			330,583		396,081

TOTAL ASSETS LESS CURRENT LIABILITIES			330,817		396,693

Creditors: Amounts Falling Due After More Than One Year			(167,413 )		(209,685 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(44 )		(116 )

NET ASSETS			163,360		186,892

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			163,260		186,792

SHAREHOLDERS' FUNDS			163,360		186,892