2e-volve (UK) Limited - Accounts to registrar (filleted)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

2e-volve (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Lemmon

SECRETARY:

C Lemmon

REGISTERED OFFICE:

Office 2

STEP Commercial Centre

Stirling Enterprise Park

Stirling

FK7 7RP

REGISTERED NUMBER:

SC261922 (Scotland)

ACCOUNTANTS:

LMC Accountants Ltd

Chartered Accountants

73 Stirling Business Centre

Wellgreen Place

Stirling

FK8 2DZ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

307

2,812

Investments

6

-

176,000

307

178,812

CURRENT ASSETS

Stocks

3,500

Debtors

7

67,141

109,629

Cash at bank and in hand

5,797

8,792

76,438

121,921

CREDITORS

Amounts falling due within one year

8

51,939

83,320

NET CURRENT ASSETS

24,499

38,601

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,806

217,413

CREDITORS

Amounts falling due after more than one
year

9

(17,639

)

(23,149

)

PROVISIONS FOR LIABILITIES

-

(111

)

NET ASSETS

7,167

194,153

CAPITAL AND RESERVES

Called up share capital

11

166

Share premium

12

93,968

Retained earnings

12

(86,967

)

100,019

SHAREHOLDERS' FUNDS

7,167

194,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 October 2026 and were signed by:

C Lemmon - Director

1.	STATUTORY INFORMATION

2e-volve (UK) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods/services, excluding value added tax.

Goodwill

Goodwill, being the amount in connection with the acquisition businesses is being amortised evenly over their estimated useful lives of 4 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 April 2025

and 31 March 2026

61,000

43,135

104,135

AMORTISATION

At 1 April 2025

and 31 March 2026

61,000

43,135

104,135

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

13,165

DEPRECIATION

At 1 April 2025

10,353

Charge for year

2,505

At 31 March 2026

12,858

NET BOOK VALUE

At 31 March 2026

307

At 31 March 2025

2,812

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

176,000

Disposals

(176,000

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

176,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

29,334

38,250

Other debtors

37,807

71,379

67,141

109,629

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

5,556

20,362

Trade creditors

14,835

27,330

Taxation and social security

25,573

22,435

Other creditors

5,975

13,193

51,939

83,320

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Bank loans

17,639

23,149

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

The loan is secured against the director's personal assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

166

Ordinary

1

166

12.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1 April 2025

100,019

93,968

193,987

Deficit for the year

(186,986

)

(186,986

)

At 31 March 2026

(86,967

)

93,968

7,001

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

C Lemmon

Balance outstanding at start of year

14,788

29,297

Amounts advanced

17,873

(14,509

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

32,661

14,788

Interest is charged on overdrawn director's balances at the rate of 3.75.% per annum.

Due to the closure of Miigen the investment of £176,000 and loan £51785.98 has been written off in these accounts but 2e-volve is a profitable company and the shareholders are confident the company can continue trading.

14.	ULTIMATE CONTROLLING PARTY

The company is controlled by the 2-Evolve (UK) Limited Employee Ownership Trust.