EVONEX LTD

Company Registration Number:
12285944 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2021

Period of accounts

Start date: 1 November 2020

End date: 31 October 2021

EVONEX LTD

Contents of the Financial Statements

for the Period Ended 31 October 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

EVONEX LTD

Directors' report period ended 31 October 2021

The directors present their report with the financial statements of the company for the period ended 31 October 2021

Principal activities of the company

Evonex Ltd is an emerging leader in FMCG distribution and procurement and exporters to the emerging markets and beyond. Based in Greater London and the North West of England, our multi-cultural team deals with companies in over 30 countries. We work hard to build strong relationships with our customers around the world. This means offering quality service, speaking in their language and understanding their local market. We have a loyal and growing customer base ranging from wholesalers, retailers, supermarkets, catering supplies and equipment wholesalers to specialist food service companies and other various forms of private organisations within the wholesale industry of FMCG. By providing customers with bespoke products and menu ideas, this enables our customers to stay on top of food trends and keep ahead of the competition. We also offer a complete analysis of our customer’s authorised buying list, including allergens, nutritional and dietary information, packaging and wastage. Working with Climate Partner, we annually measure our carbon emissions - last year reducing our emissions by 36% and moving forward to Scope 3 emissions target.



Directors

The director shown below has held office during the whole of the period from
1 November 2020 to 31 October 2021

SEAN BURKE

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 June 2022

And signed on behalf of the board by:
Name: SEAN BURKE
Status: Director

EVONEX LTD

Profit And Loss Account

for the Period Ended 31 October 2021

2021 2020


£
£
Turnover: 29,935,559 11,131,482
Cost of sales: ( 20,579,260 ) ( 7,404,828 )
Gross profit(or loss): 9,356,299 3,726,654
Distribution costs: ( 512,454 ) ( 317,794 )
Administrative expenses: ( 5,681,603 ) ( 921,148 )
Operating profit(or loss): 3,162,242 2,487,712
Profit(or loss) before tax: 3,162,242 2,487,712
Tax: ( 600,826 ) ( 472,665 )
Profit(or loss) for the financial year: 2,561,416 2,015,047

EVONEX LTD

Balance sheet

As at 31 October 2021

Notes 2021 2020


£
£
Fixed assets
Tangible assets: 3 1,625,284 1,025,634
Total fixed assets: 1,625,284 1,025,634
Current assets
Stocks: 4 1,542,138 587,573
Debtors: 5 528,604 68,339
Cash at bank and in hand: 1,085,073 412,108
Total current assets: 3,155,815 1,068,020
Creditors: amounts falling due within one year: 6 ( 204,635 ) ( 78,606 )
Net current assets (liabilities): 2,951,180 989,414
Total assets less current liabilities: 4,576,464 2,015,048
Total net assets (liabilities): 4,576,464 2,015,048
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 4,576,463 2,015,047
Total Shareholders' funds: 4,576,464 2,015,048

The notes form part of these financial statements

EVONEX LTD

Balance sheet statements

For the year ending 31 October 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 June 2022
and signed on behalf of the board by:

Name: SEAN BURKE
Status: Director

The notes form part of these financial statements

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 44 27

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2020 1,025,634 1,025,634
Additions 599,650 599,650
Disposals
Revaluations
Transfers
At 31 October 2021 1,625,284 1,625,284
Depreciation
At 1 November 2020
Charge for year
On disposals
Other adjustments
At 31 October 2021
Net book value
At 31 October 2021 1,625,284 1,625,284
At 31 October 2020 1,025,634 1,025,634

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

4. Stocks

2021 2020
£ £
Stocks 1,542,138 587,573
Total 1,542,138 587,573

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

5. Debtors

2021 2020
£ £
Trade debtors 528,604 68,339
Total 528,604 68,339

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2021

6. Creditors: amounts falling due within one year note

2021 2020
£ £
Other creditors 204,635 78,606
Total 204,635 78,606