Evolve Displays Limited - Filleted accounts

Registered number

08657505

Evolve Displays Limited

Filleted Accounts

for the year ended

31 August 2025

Evolve Displays Limited
Registered number:		08657505
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,143,818			2,173,667

Current assets
Stocks		73,025			17,465
Debtors	4	43,384			94,600
Cash at bank and in hand		150,345			296,910
		266,754			408,975

Creditors: amounts falling due within one year	5	(42,174)			(159,912)

Net current assets			224,580			249,063

Total assets less current liabilities			2,368,398			2,422,730

Creditors: amounts falling due after more than one year	6		(1,329,239)			(1,338,305)



Net assets			1,039,159			1,084,425

Capital and reserves
Called up share capital			4			4
Profit and loss account			1,039,155			1,084,421

Shareholders' funds			1,039,159			1,084,425

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Snodin
Director
Approved by the board on 21 May 2026

Evolve Displays Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			20% per annum on reducing balance basis
	Motor vehicles			25% per annum on reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					6		6


3	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	1,858,926		175,252		265,125		2,299,303
	Additions	-		35,580		40,995		76,575
	Disposals	-		-		(66,700)		(66,700)
	At 31 August 2025	1,858,926		210,832		239,420		2,309,178

	Depreciation
	At 1 September 2024	-		54,201		71,435		125,636
	Charge for the year	-		20,562		52,414		72,976
	On disposals	-		-		(33,252)		(33,252)
	At 31 August 2025	-		74,763		90,597		165,360

	Net book value
	At 31 August 2025	1,858,926		136,069		148,823		2,143,818
	At 31 August 2024	1,858,926		121,051		193,690		2,173,667
	The property was purchased on 2 August 2024 and is included at cost. Future consideration will be given to any revaluations.


4	Debtors					2025		2024
£							£

	Trade debtors					6,333		89,707
	Other debtors					37,051		4,893
						43,384		94,600


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					10,000		10,000
	Obligations under finance lease and hire purchase contracts					23,684		28,221
	Trade creditors					27,039		20,789
	Taxation and social security costs					37,474		68,669
	Other creditors					(56,023)		32,233
						42,174		159,912


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,257,252		1,251,736
	Obligations under finance lease and hire purchase contracts					71,987		86,569
						1,329,239		1,338,305


7	Loans					2025		2024
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					1,202,198		960,902


	Secured bank loans					1,251,418		1,235,902

	The mortgage is secured by a legal charge on plot UP03 Old Dalby Enterprise Village, Station Road, Old Dalby, LE14 3NQ, dated 2 August 2024 and is secured with Yorkshire Building Society.


8	Other information

	Evolve Displays Limited is a private company limited by shares and incorporated in England. Its registered office is:
	32 Quorn Close
	Loughborough
	Leics
	LE11 2AW