Evolve-DFR Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC789159

		30 November 2025		30 November 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,053		1,103

			2,053		1,103
CURRENT ASSETS
Stocks	5	2,625		2,500
Debtors	6	494,674		62,610
Cash at bank and in hand		681,112		118,235

		1,178,411		183,345
Creditors: Amounts Falling Due Within One Year	7	(995,152 )		(156,975 )

NET CURRENT ASSETS (LIABILITIES)			183,259		26,370

TOTAL ASSETS LESS CURRENT LIABILITIES			185,312		27,473

PROVISIONS FOR LIABILITIES
Deferred Taxation			(513 )		(276 )

NET ASSETS			184,799		27,197

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			184,699		27,097

SHAREHOLDERS' FUNDS			184,799		27,197

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Evolve-DFR Ltd

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C Dougall

Director

10 September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Evolve-DFR Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC789159 . The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% SL
Computer Equipment	25% SL

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Evolve-DFR Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 December 2024	420	1,046	1,466
Additions	-	1,751	1,751

As at 30 November 2025	420	2,797	3,217

Depreciation
As at 1 December 2024	84	279	363
Provided during the period	84	717	801

As at 30 November 2025	168	996	1,164

Net Book Value
As at 30 November 2025	252	1,801	2,053

As at 1 December 2024	336	767	1,103

5. Stocks

	30 November 2025	30 November 2024
	£	£
Stock	2,625	2,500

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Evolve-DFR Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Debtors

	30 November 2025	30 November 2024
	£	£
Due within one year
Trade debtors	277,561	62,610
Amounts recoverable on contracts	217,113	-

	494,674	62,610

7. Creditors: Amounts Falling Due Within One Year

	30 November 2025	30 November 2024
	£	£
Trade creditors	101,756	3,490
Other creditors	637,120	86,317
Taxation and social security	256,276	67,168

	995,152	156,975

8. Share Capital

	30 November 2025	30 November 2024
	£	£
Allotted, Called up and fully paid	100	100

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	30 November 2025	30 November 2024
	£	£
Not later than one year	10,019	5,803
Later than one year and not later than five years	55,612	36,407

	65,631	42,210

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Evolve-DFR Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

10. Transition to FRS 102

This is the first year the company has prepared its financial statements under FRS 102 Section 1A having previously prepared its financial statements under FRS 105. The reconciliations and adjustments required to move from the previous financial reporting framework are set out below.

Key accounting policy changes: Deferred Tax

Under the company's previous framework (FRS 105), the recognition of deferred tax was prohibited. Under FRS 102 Section 1A, the company is required to recognise deferred tax on all timing differences where future taxable profits are expected to be available against which the timing differences can be utilised.

Consequently, a deferred tax liability of £276 has now been recognised in the prior year, with a corresponding adjustment to opening reserves in the current year. The comparative figures for the year ended 30 November 2024 have been restated to include the following:

A deferred tax liability of £276 on the balance sheet as at 30 November 2024.

A deferred tax expense of £276 charged to the profit and loss account for the year ended 30 November 2024.

Summary of impact on comparative figures

Profit after tax has been reduced by £276 for the year ended 30 November 2024

Net Assets have been reduced by £276 for the year ended 30 November 2024

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