EVONEX LTD

Company Registration Number:
12285944 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

EVONEX LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

EVONEX LTD

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

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 2022 to 31 October 2023

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
10 June 2024

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 2023

2023 2022


£
£
Turnover: 37,418,420 34,871,364
Cost of sales: ( 27,883,894 ) ( 24,782,351 )
Gross profit(or loss): 9,534,526 10,089,013
Distribution costs: ( 456,127 ) ( 312,650 )
Administrative expenses: ( 5,582,946 ) ( 6,240,189 )
Operating profit(or loss): 3,495,453 3,536,174
Profit(or loss) before tax: 3,495,453 3,536,174
Tax: ( 873,863 ) ( 671,873 )
Profit(or loss) for the financial year: 2,621,590 2,864,301

EVONEX LTD

Balance sheet

As at 31 October 2023

Notes 2023 2022


£
£
Called up share capital not paid: 800,000 0
Fixed assets
Tangible assets: 3 1,710,538 1,918,365
Total fixed assets: 1,710,538 1,918,365
Current assets
Stocks: 4 907,547 1,735,514
Debtors: 5 512,016 631,087
Cash at bank and in hand: 824,365 897,111
Total current assets: 2,243,928 3,263,712
Creditors: amounts falling due within one year: 6 ( 192,112 ) ( 241,312 )
Net current assets (liabilities): 2,051,816 3,022,400
Total assets less current liabilities: 4,562,354 4,940,765
Total net assets (liabilities): 4,562,354 4,940,765
Capital and reserves
Called up share capital: 800,000 1
Profit and loss account: 3,762,354 4,940,764
Total Shareholders' funds: 4,562,354 4,940,765

The notes form part of these financial statements

EVONEX LTD

Balance sheet statements

For the year ending 31 October 2023 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 10 June 2024
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 2023

  • 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 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 47 46

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 1,918,365 1,918,365
Additions
Disposals ( 207,827 ) ( 207,827 )
Revaluations
Transfers
At 31 October 2023 1,710,538 1,710,538
Depreciation
At 1 November 2022
Charge for year
On disposals
Other adjustments
At 31 October 2023
Net book value
At 31 October 2023 1,710,538 1,710,538
At 31 October 2022 1,918,365 1,918,365

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Stocks

2023 2022
£ £
Stocks 907,547 1,735,514
Total 907,547 1,735,514

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors

2023 2022
£ £
Trade debtors 512,016 631,087
Total 512,016 631,087

EVONEX LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 192,112 241,312
Total 192,112 241,312