Evolution Artificial Intelligence Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09930251 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Evolution Artificial Intelligence Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M R Goodson

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

09930251 (England and Wales)

ACCOUNTANTS:

Dragon Argent Limited

63 Bermondsey Street

London

SE1 3XF

FIXED ASSETS

Tangible assets

4

40,397

20,982

CURRENT ASSETS

Debtors

5

103,735

145,882

Cash at bank and in hand

306,361

387,072

410,096

532,954

CREDITORS

Amounts falling due within one year

6

230,644

268,049

NET CURRENT ASSETS

179,452

264,905

TOTAL ASSETS LESS CURRENT
LIABILITIES

219,849

285,887

CREDITORS

Amounts falling due after more than one
year

7

-

11,203

NET ASSETS

219,849

274,684

CAPITAL AND RESERVES

Called up share capital

1,187

Share premium

507,314

Retained earnings

(288,652

)

(233,817

)

219,849

274,684

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

M R Goodson - Director

1.	STATUTORY INFORMATION

Evolution Artificial Intelligence Ltd 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.

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

Tangible fixed assets are are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings - 33.33 % on cost

Office Equipment - 33.33 % on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 June 2024

7,430

185,345

192,775

Additions

45,052

4,506

49,558

At 31 May 2025

52,482

189,851

242,333

DEPRECIATION

At 1 June 2024

3,648

168,145

171,793

Charge for year

12,213

17,930

30,143

At 31 May 2025

15,861

186,075

201,936

NET BOOK VALUE

At 31 May 2025

36,621

3,776

40,397

At 31 May 2024

3,782

17,200

20,982

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade debtors

20,200

16,446

Other debtors

83,535

129,436

103,735

145,882

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Bank loans and overdrafts (see note 8)

10,968

10,000

Trade creditors

39,960

12,265

Taxation and social security

42,712

85,349

Other creditors

137,004

160,435

230,644

268,049

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.5.25

31.5.24

£

Bank loans (see note 8)

-

11,203

8.

LOANS

An analysis of the maturity of loans is given below:

31.5.25

31.5.24

£

Amounts falling due within one year or on demand:

Bank loans

10,968

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

11,203

9.	RELATED PARTY DISCLOSURES

Included in other creditors due within one year is an amount of £181 (2024: £Nil) owed from the company to a director.