REGISTERED NUMBER: 10539713 (England and Wales)

Financial Statements for the Year Ended 31 January 2026

for

Evolution Risk Assurance Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Boffy

D W Price

J J J Hensgens

O J Anstensrud

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

10539713 (England and Wales)

AUDITORS:

Senior Statutory Auditor

Prepared on behalf of APC Accountancy

73 Gilkes Street

Middlesbrough

TS1 5EH

FIXED ASSETS

Intangible assets

4

28,348

-

Tangible assets

5

3,921

4,393

32,269

4,393

CURRENT ASSETS

Debtors

6

107,327

173,536

Cash at bank

162,430

129,121

269,757

302,657

CREDITORS

Amounts falling due within one year

7

231,322

200,441

NET CURRENT ASSETS

38,435

102,216

TOTAL ASSETS LESS CURRENT LIABILITIES

70,704

106,609

CREDITORS

Amounts falling due after more than one year

8

-

(6,270

)

PROVISIONS FOR LIABILITIES

9

-

(1,087

)

NET ASSETS

70,704

99,252

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

70,604

99,152

70,704

99,252

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 Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

K Boffy - Director

O J Anstensrud - Director

J J J Hensgens - Director

D W Price - Director

1.	STATUTORY INFORMATION

Evolution Risk Assurance Ltd is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 four years.

Software development cost

Amortisation of software development cost is 25% straight line.

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 reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual

provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

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 10 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

36,776

At 31 January 2026

36,776

AMORTISATION

Charge for year

8,428

At 31 January 2026

8,428

NET BOOK VALUE

At 31 January 2026

28,348

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

9,027

Additions

712

At 31 January 2026

9,739

DEPRECIATION

At 1 February 2025

4,634

Charge for year

1,184

At 31 January 2026

5,818

NET BOOK VALUE

At 31 January 2026

3,921

At 31 January 2025

4,393

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

35,174

-

Other debtors

72,153

173,536

107,327

173,536

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

4,385

6,944

Taxation and social security

128,085

144,566

Other creditors

98,852

48,931

231,322

200,441

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

-

6,270

9.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

£

Deferred tax

-

1,087

Deferred

tax

£

Balance at 1 February 2025

1,087

Timing difference

(1,087

)

Balance at 31 January 2026

-

10.	AUDIT OPINION

The Report of the Auditors was qualified on the following basis:

Basis for opinion

We were unable to obtain sufficient appropriate audit evidence in respect of certain matters within the financial statements. Consequently, we were unable to determine whether any adjustments to the amounts or disclosures in the financial statements were necessary.

We conducted our audit in accordance with applicable auditing standards. We are independent of the company in accordance with the ethical requirements relevant to our audit, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

Matters required to report by exception

However, adequate accounting records have not been kept by the entity resulting in a lack of sufficient audit evidence being provided or available to us.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Andrew Curran (Senior Statutory Auditor)

for and on behalf of Senior Statutory Auditor

11.	RELATED PARTY DISCLOSURES

As at 31st January 2026, Kevin Boffy owed the company £1,273 (2025: £132,655).

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Gexcon AS.