EVONEX LTD

Company Registration Number:
12285944 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2022

Period of accounts

Start date: 1 November 2021

End date: 31 October 2022

EVONEX LTD

Contents of the Financial Statements

for the Period Ended 31 October 2022

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

EVONEX LTD

Directors' report period ended 31 October 2022

The directors present their report with the financial statements of the company for the period ended 31 October 2022

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 period of
1 November 2021 to 29 March 2022

Baber Sadiq

The director shown below has held office during the period of
28 March 2022 to 31 October 2022

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
18 May 2023

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 2022

2022 2021


£
£
Turnover: 34,871,364 29,935,559
Cost of sales: ( 24,782,351 ) ( 20,579,260 )
Gross profit(or loss): 10,089,013 9,356,299
Distribution costs: ( 312,650 ) ( 512,454 )
Administrative expenses: ( 6,240,189 ) ( 5,681,603 )
Operating profit(or loss): 3,536,174 3,162,242
Profit(or loss) before tax: 3,536,174 3,162,242
Tax: ( 671,873 ) ( 600,826 )
Profit(or loss) for the financial year: 2,864,301 2,561,416

EVONEX LTD

Balance sheet

As at 31 October 2022

Notes 2022 2021


£
£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 1,918,365 1,625,284
Total fixed assets: 1,918,365 1,625,284
Current assets
Stocks: 4 1,735,514 1,542,138
Debtors: 5 631,087 528,604
Cash at bank and in hand: 897,111 1,085,073
Total current assets: 3,263,712 3,155,815
Creditors: amounts falling due within one year: 6 ( 241,312 ) ( 204,635 )
Net current assets (liabilities): 3,022,400 2,951,180
Total assets less current liabilities: 4,940,765 4,576,464
Total net assets (liabilities): 4,940,765 4,576,464
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 4,940,764 4,576,463
Total Shareholders' funds: 4,940,765 4,576,464

The notes form part of these financial statements

EVONEX LTD

Balance sheet statements

For the year ending 31 October 2022 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 18 May 2023
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 2022

  • 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 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 46 44

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2021 1,625,284 1,625,284
Additions 293,081 293,081
Disposals
Revaluations
Transfers
At 31 October 2022 1,918,365 1,918,365
Depreciation
At 1 November 2021
Charge for year
On disposals
Other adjustments
At 31 October 2022
Net book value
At 31 October 2022 1,918,365 1,918,365
At 31 October 2021 1,625,284 1,625,284

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

4. Stocks

2022 2021
£ £
Stocks 1,735,514 1,542,138
Total 1,735,514 1,542,138

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

5. Debtors

2022 2021
£ £
Trade debtors 631,087 528,604
Total 631,087 528,604

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Other creditors 241,312 204,635
Total 241,312 204,635