Evolution Power Tools Ltd in Sheffield, S20 3FR

Description

Data updated on: 01-11-2023

1997 marks the founding of Evolution Power Tools Ltd, a firm which is located at Venture One Longacre Close, Holbrook Industrial Estate in Sheffield. That would make 27 years Evolution Power Tools has existed in the business, as it was founded on September 30, 1997. The company's Companies House Registration Number is 03442268 and the area code is S20 3FR. Even though currently it is known as Evolution Power Tools Ltd, it previously was known under a different name. It was known as Hi-tech Services until December 9, 2003, when it was changed to Hi Tech Evolution Europe. The last transformation took place on March 10, 2006. This firm's Standard Industrial Classification Code is 46620 and has the NACE code: Wholesale of machine tools. 2022-12-31 is the last time the company accounts were reported.

With four job advert since Wed, 17th Sep 2014, Evolution Power Tools has been a rather active employer on the job market. On Thu, 22nd Feb 2018, it was seeking job candidates for a full time Purchasing Specialist post in Sheffield, and on Wed, 17th Sep 2014, for the vacant post of a full time Accounts Assistant in Sheffield. They search for applicants on such posts as: Graphic Designer / Artworker and Social Media, Online Pr & Content Executive.

The data obtained describing the firm's executives implies that there are four directors: Andrew S., Barry B., James B. and Matthew G. who assumed their respective positions on September 21, 2020, November 30, 2017 and December 19, 2013. In addition, the director's assignments are regularly backed by a secretary - Robert B., who was officially appointed by the firm on October 4, 2019.

Previous company's names
Evolution Power Tools Ltd 2006-03-10
Hi Tech Evolution Europe Limited 2003-12-09
Hi-tech Services Limited 1997-09-30

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	550 388	619 375	1 239 770
Current Assets	20 167 790	25 069 774	17 146 034
Debtors	15 128 060	15 739 109	7 791 399
Net Assets Liabilities	10 375 218	14 884 409	14 744 012
Other Debtors	28 756	239 782
Property Plant Equipment	4 211 574	4 616 456	4 764 084
Total Inventories	4 489 342	8 711 290	8 114 865

Other Financial Data
Accrued Liabilities Deferred Income	4 706 098	3 333 332	4 917 764
Accumulated Depreciation Impairment Property Plant Equipment	2 233 859	2 692 780	3 328 738
Additions Other Than Through Business Combinations Property Plant Equipment		989 844	783 586
Administrative Expenses	13 848 433	12 534 731	13 473 595
Amounts Owed To Group Undertakings	100 282		9 326
Average Number Employees During Period	65	71	83
Bank Borrowings	3 050 661	1 541 691	1 428 558
Bank Borrowings Overdrafts	5 522 422	10 126 159	5 886 952
Bank Overdrafts	3 228 928	5 484 169	987 127
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	216 208	160 281	74 296
Cash Cash Equivalents	-3 567 182	-4 170 701
Comprehensive Income Expense	2 932 039	5 735 167	478 550
Corporation Tax Payable		56 692
Corporation Tax Recoverable	77 772		143 891
Cost Sales	34 082 876	41 062 477	32 898 908
Creditors	11 387 823	13 258 050	5 631 923
Current Tax For Period	451 617	803 960	6 927
Deferred Tax Asset Debtors	52 988
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws	14 236	32 327
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-13 535	39 178
Dividends Paid Classified As Financing Activities	-285 000	-330 000	-360 000
Finance Lease Liabilities Present Value Total	96 884	71 611	48 516
Finance Lease Payments Owing Minimum Gross	46 459	30 772	24 025
Finished Goods Goods For Resale	4 489 342	8 711 290	8 114 865
Fixed Assets	4 303 338	4 708 220	4 855 848
Foreign Exchange Differences Increase Decrease In Depreciation Impairment Property Plant Equipment		-840	-30 638
Further Item Deferred Expense Credit Component Total Deferred Tax Expense	-56 128
Further Item Tax Increase Decrease Component Adjusting Items	7 790	-41 327	-38 538
Future Finance Charges On Finance Leases	5 162	3 324	1 374
Gain Loss Due To Foreign Exchange Differences Before Tax In Other Comprehensive Income	-199 420	490 248	-40 167
Gain Loss On Disposals Property Plant Equipment	-110 354	934	5 200
Government Grant Income	400 851
Impairment Loss Reversal On Investments	-12 294
Increase Decrease From Foreign Exchange Differences Property Plant Equipment		1 744	-20 998
Increase Decrease In Current Tax From Adjustment For Prior Periods	30 583	-143 737	-195 290
Increase From Depreciation Charge For Year Property Plant Equipment		525 496	635 958
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	328 081	200 847	411 667
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	5 098	8 420	-653
Interest Payable Similar Charges Finance Costs	333 179	234 702	411 014
Investments Fixed Assets	91 764	91 764	91 764
Investments In Subsidiaries	91 764	91 764	91 764
Other Creditors	85 212	368 232	97 000
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		66 575	7 132
Other Disposals Property Plant Equipment		126 041	7 132
Pension Other Post-employment Benefit Costs Other Pension Costs	141 185	158 931	162 736
Percentage Class Share Held In Subsidiary		100	100
Prepayments Accrued Income	716 320	2 414 031	729 929
Profit Loss	3 673 346	4 839 191	219 603
Property Plant Equipment Gross Cost	6 445 433	7 309 236	8 092 822
Social Security Costs	425 751	281 352	300 949
Staff Costs Employee Benefits Expense	4 573 643	3 269 353	3 512 517
Taxation Including Deferred Taxation Balance Sheet Subtotal	102 370	193 530	288 364
Tax Decrease Increase From Effect Revenue Exempt From Taxation		3 685	-6 429
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit	-109 578	-169 751	-147 377
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		2 135	1 288
Tax Increase Decrease From Effect Foreign Tax Rates		76 100	-3 832
Tax Tax Credit On Profit Or Loss On Ordinary Activities	426 773	731 728	-93 529
Total Borrowings	5 522 422	10 126 159	5 886 952
Total Current Tax Expense Credit	482 200	660 223	-188 363
Total Deferred Tax Expense Credit	-55 427	71 505	94 834
Trade Creditors Trade Payables	3 853 500	4 000 333	2 595 158
Trade Debtors Trade Receivables	10 047 702	6 218 624	2 678 770
Turnover Revenue	51 409 265	59 808 557	47 208 705
Wages Salaries	4 006 707	2 829 070	3 048 832