REGISTERED NUMBER: 06880887 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2025

FOR

EVOLUTION SHEET METAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Collins

A T Collins

REGISTERED OFFICE:

Hangar 4

Upwood Air Park

Ramsey Road

Bury

Cambridgeshire

PE26 2RA

REGISTERED NUMBER:

06880887 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

FIXED ASSETS

Tangible assets

5

848,522

844,700

Investment property

6

223,000

222,000

1,071,522

1,066,700

CURRENT ASSETS

Stocks

31,112

30,112

Debtors

7

367,042

204,505

Cash and cash equivalents

11,137

41,922

409,291

276,539

CREDITORS

Amounts falling due within one year

8

(291,669

)

(168,090

)

NET CURRENT ASSETS

117,622

108,449

TOTAL ASSETS LESS CURRENT LIABILITIES

1,189,144

1,175,149

CREDITORS

Amounts falling due after more than one year

9

(126,444

)

(134,191

)

PROVISIONS FOR LIABILITIES

11

(94,235

)

(59,355

)

NET ASSETS

968,465

981,603

CAPITAL AND RESERVES

Called up share capital

12

100

100

Revaluation reserve

13

176,694

190,020

Retained earnings

791,671

791,483

SHAREHOLDERS' FUNDS

968,465

981,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2026 and were signed on its behalf by:

J R Collins - Director

1.	STATUTORY INFORMATION

Evolution Sheet Metal 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the sale of metallic goods fabricated from sheet metal. Turnover is measured at the fair value of consideration received or receivable net of Value Added Tax.

Where projects span more than one financial year income is recognised only when a reasonable stage of completion can be identified. When payments are received in advance of work being done, income is deferred to the period in which the work is completed.

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 - 10% on straight line

Motor vehicles - 25% on reducing balance

The directors believe the residual value of the freehold property to be equal or more than the current valuation, resulting in a depreciation charge of £nil in both the current and previous year.

Investment property

Investment property is measured at its fair value as at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Freehold property and investment property

-Freehold property used within the company:

Freehold property being used for trading purposes was carried at fair value before transition to FRS102. During transition the freehold property moved to a historical cost basis whereby the fair value at the date of transfer to FRS102 became the deemed historical cost.

-Investment property:

Investment property is held at its fair value at the year end date with external valuations carried out every 5 years. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

No depreciation has been charged on the freehold property as it is expected the future resale value will exceed the current carrying value.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 October 2024

665,000

486,751

68,192

1,219,943

Additions

-

44,115

-

44,115

At 30 September 2025

665,000

530,866

68,192

1,264,058

DEPRECIATION

At 1 October 2024

-

348,400

26,843

375,243

Charge for year

-

29,956

10,337

40,293

At 30 September 2025

-

378,356

37,180

415,536

NET BOOK VALUE

At 30 September 2025

665,000

152,510

31,012

848,522

At 30 September 2024

665,000

138,351

41,349

844,700

If the land & buildings had not been included at historical fair value, they would be included at cost, as follows:

2025 (£

)

2024 (£

)

Cost of Freehold Property

478,857

478,857

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

Motor

vehicles

£

COST

At 1 October 2024

24,330

Transfer to ownership

(24,330

)

At 30 September 2025

-

DEPRECIATION

At 1 October 2024

9,813

Charge for year

3,629

Transfer to ownership

(13,442

)

At 30 September 2025

-

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

14,517

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

222,000

Revaluations

1,000

At 30 September 2025

223,000

NET BOOK VALUE

At 30 September 2025

223,000

At 30 September 2024

222,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2020

40,449

Valuation in 2024

8,000

Valuation in 2025

1,000

Cost

173,551

223,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

173,551

173,551

Investment property was valued on an open market basis on 30 September 2025 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

276,072

193,411

Other debtors

90,970

11,094

367,042

204,505

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

33,154

48,868

Trade creditors

81,560

75,078

Taxation and social security

20,744

23,579

Other creditors

156,211

20,565

291,669

168,090

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

126,444

134,191

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

11,196

13,692

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

159,598

183,059

Bank loans have been secured by way of fixed charge over the company's trading premises, fixed plant and machinery and a floating charge over moveable machinery.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

94,235

59,355

Deferred

tax

£

Balance at 1 October 2024

59,355

Provided during year

34,880

Balance at 30 September 2025

94,235

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Revaluation

reserve

£

At 1 October 2024

190,020

Reserve transfer

(13,326

)

At 30 September 2025

176,694

14.	RELATED PARTY DISCLOSURES

At the year end the company owed the directors £140,311 (2024: £8,310) . The amount bears no interest, is

repayable on demand and included within creditors due in less than one year.