2023-01-012023-12-312023-12-31false12165735EVEZY ASSETCO 1 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EVEZY ASSETCO 1 LIMITED

Registered Number
12165735
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

EVEZY ASSETCO 1 LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

JOLLY, Robert

Registered Address

Ailsa House
Wedgnock Lane
Warwick
CV34 5YA

Registered Number

12165735 (England and Wales)
EVEZY ASSETCO 1 LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3137,505403,641
137,505403,641
Current assets
Debtors-957,721
Cash at bank and on hand85,68814,659
85,688972,380
Creditors amounts falling due within one year(55,292)(1,005,673)
Net current assets (liabilities)30,396(33,293)
Total assets less current liabilities167,901370,348
Net assets167,901370,348
Capital and reserves
Called up share capital100100
Profit and loss account167,801370,248
Shareholders' funds167,901370,348
The financial statements were approved and authorised for issue by the Director on 27 March 2024, and are signed on its behalf by:
JOLLY, Robert
Director
Registered Company No. 12165735
EVEZY ASSETCO 1 LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
It remains the intention of the Directors to dispose of the remaining assets of the business within 12 months of signing the financial statements. The directors do not anticipate that the company will have any subsequent trade and therefore they intend that the company will become dormant. As a result, the financial statements have been prepared on a basis other than that of going concern. No adjustments arose as a result of changing the basis of preparation.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Leased assets are depreciated over the shorter of the lease term and their useful lives. Depreciation is provided on the following basis: Motor vehicles Over the estimated holding period* *In assessing depreciation, management estimates the holding period of the motor vehicles and references external industry standard sources to determine the future residual values. The motor vehicles are depreciated on a straight-line basis to this residual value forecast. When the residual value exceeds the carrying value a de minimus £15 per month charge is recognised. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. The Company disposes of used vehicles through wholesale markets. At the time of disposal, any differences between proceeds received and net book values are recorded as adjustments to cost of sales.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
At 01 January 23425,282425,282
Disposals(212,374)(212,374)
At 31 December 23212,908212,908
Depreciation and impairment
At 01 January 2321,64121,641
Charge for year59,47259,472
Revaluation surplus29,16929,169
On disposals(34,879)(34,879)
At 31 December 2375,40375,403
Net book value
At 31 December 23137,505137,505
At 31 December 22403,641403,641