Registered number
07821884
Evo Motors Limited
Accounts
For the Year ended
31 October 2023
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Evo Motors Limited
Registered number: 07821884
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 142 268
Current assets
Debtors 4 99 20,859
Creditors: amounts falling due within one year 5 (23,222) (30,551)
Net current liabilities (23,123) (9,692)
Total assets less current liabilities (22,981) (9,424)
Creditors: amounts falling due after more than one year 6 (136,495) (104,260)
Net liabilities (159,476) (113,684)
Capital and reserves
Called up share capital 100 100
Profit and loss account (159,576) (113,784)
Shareholders' funds (159,476) (113,684)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M S Bolwell
Director
Approved by the board on 25 July 2024
Evo Motors Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recongnised when goods have been sold.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 5 years
Motor vehicles 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 November 2022 7,206 28,695 35,901
At 31 October 2023 7,206 28,695 35,901
Depreciation
At 1 November 2022 6,939 28,694 35,633
Charge for the year 126 - 126
At 31 October 2023 7,065 28,694 35,759
Net book value
At 31 October 2023 141 1 142
At 31 October 2022 267 1 268
4 Debtors 2023 2022
£ £
Trade debtors - 20,750
Other debtors 99 109
99 20,859
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 20,873 23,608
Obligations under finance lease and hire purchase contracts - 4,312
Trade creditors 811 -
Other creditors 1,538 2,631
23,222 30,551
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 39,637 41,667
Other creditors 96,858 62,593
136,495 104,260
7 Related party transactions
Included in creditors due after one year is an amount of £96,858 (2022: £62,593) which is due to the director.
8 Other Information
Evo Motors Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2, Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Evo Motors Limited 07821884 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 M S Bolwell No description of principal activity 07821884 2021-11-01 2022-10-31 07821884 core:WithinOneYear 2022-10-31 07821884 core:AfterOneYear 2022-10-31 07821884 core:ShareCapital 2022-10-31 07821884 core:RetainedEarningsAccumulatedLosses 2022-10-31 07821884 2022-11-01 2023-10-31 07821884 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07821884 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 07821884 bus:Director40 2022-11-01 2023-10-31 07821884 1 2022-11-01 2023-10-31 07821884 2 2022-11-01 2023-10-31 07821884 core:PlantMachinery 2022-11-01 2023-10-31 07821884 core:Vehicles 2022-11-01 2023-10-31 07821884 countries:England 2022-11-01 2023-10-31 07821884 bus:FRS102 2022-11-01 2023-10-31 07821884 bus:FilletedAccounts 2022-11-01 2023-10-31 07821884 2023-10-31 07821884 core:WithinOneYear 2023-10-31 07821884 core:AfterOneYear 2023-10-31 07821884 core:ShareCapital 2023-10-31 07821884 core:RetainedEarningsAccumulatedLosses 2023-10-31 07821884 core:PlantMachinery 2023-10-31 07821884 core:Vehicles 2023-10-31 07821884 2022-10-31 07821884 core:PlantMachinery 2022-10-31 07821884 core:Vehicles 2022-10-31 iso4217:GBP xbrli:pure