Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-10-01No description of principal activity52truefalse 12217901 2023-10-01 2024-09-30 12217901 2022-10-01 2023-09-30 12217901 2024-09-30 12217901 2023-09-30 12217901 c:Director1 2023-10-01 2024-09-30 12217901 d:PlantMachinery 2023-10-01 2024-09-30 12217901 d:PlantMachinery 2024-09-30 12217901 d:PlantMachinery 2023-09-30 12217901 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12217901 d:MotorVehicles 2023-10-01 2024-09-30 12217901 d:MotorVehicles 2024-09-30 12217901 d:MotorVehicles 2023-09-30 12217901 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12217901 d:OfficeEquipment 2023-10-01 2024-09-30 12217901 d:OfficeEquipment 2024-09-30 12217901 d:OfficeEquipment 2023-09-30 12217901 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12217901 d:ComputerEquipment 2023-10-01 2024-09-30 12217901 d:ComputerEquipment 2024-09-30 12217901 d:ComputerEquipment 2023-09-30 12217901 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12217901 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12217901 d:PatentsTrademarksLicencesConcessionsSimilar 2024-09-30 12217901 d:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 12217901 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 12217901 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 12217901 d:CurrentFinancialInstruments 2024-09-30 12217901 d:CurrentFinancialInstruments 2023-09-30 12217901 d:Non-currentFinancialInstruments 2024-09-30 12217901 d:Non-currentFinancialInstruments 2023-09-30 12217901 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12217901 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12217901 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 12217901 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 12217901 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 12217901 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 12217901 d:ShareCapital 2024-09-30 12217901 d:ShareCapital 2023-09-30 12217901 d:RetainedEarningsAccumulatedLosses 2024-09-30 12217901 d:RetainedEarningsAccumulatedLosses 2023-09-30 12217901 c:FRS102 2023-10-01 2024-09-30 12217901 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12217901 c:FullAccounts 2023-10-01 2024-09-30 12217901 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12217901 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 12217901 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 12217901 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 12217901 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 12217901 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-10-01 2024-09-30 12217901 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-10-01 2024-09-30 12217901 d:ExternallyAcquiredIntangibleAssets 2023-10-01 2024-09-30 12217901 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-10-01 2024-09-30 12217901 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-10-01 2024-09-30 12217901 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 12217901









EV BLOCKS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
EV BLOCKS LTD
REGISTERED NUMBER: 12217901

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
93,364
91,964

Tangible assets
 5 
91,576
73,356

  
184,940
165,320

Current assets
  

Stocks
  
97,141
43,088

Debtors: amounts falling due within one year
 6 
94,012
150,129

Cash at bank and in hand
 7 
2,135
7,583

  
193,288
200,800

Creditors: amounts falling due within one year
 8 
(288,637)
(298,552)

Net current liabilities
  
 
 
(95,349)
 
 
(97,752)

Total assets less current liabilities
  
89,591
67,568

Creditors: amounts falling due after more than one year
  
(34,093)
(44,058)

  

Net assets
  
55,498
23,510


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
55,398
23,410

  
55,498
23,510


Page 1

 
EV BLOCKS LTD
REGISTERED NUMBER: 12217901
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T J Palmer
Director

Date: 19 December 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
EV BLOCKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

EV Blocks Ltd is a private company limited by shares and incorporated in England and Wales (registered number 12217901). Its registered office is 23a The Metro Centre, Peterborough, England, PE2 7UH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
EV BLOCKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
EV BLOCKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

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.

Page 5

 
EV BLOCKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Motor vehicles
-
25%
Office equipment
-
25%
Computer equipment
-
25%

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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
EV BLOCKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 2).


4.


Intangible assets



Patents
Development expenditure
Total

£
£
£



Cost


At 1 October 2023
28,720
63,244
91,964


Additions
2,255
9,067
11,322



At 30 September 2024

30,975
72,311
103,286



Amortisation


Charge for the year on owned assets
3,041
6,881
9,922



At 30 September 2024

3,041
6,881
9,922



Net book value



At 30 September 2024
27,934
65,430
93,364



Page 7

 
EV BLOCKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
56,248
13,250
2,701
11,327
83,526


Additions
38,224
-
1,289
1,284
40,797



At 30 September 2024

94,472
13,250
3,990
12,611
124,323



Depreciation


At 1 October 2023
5,161
1,104
1,094
2,810
10,169


Charge for the year on owned assets
16,650
3,036
551
2,341
22,578



At 30 September 2024

21,811
4,140
1,645
5,151
32,747



Net book value



At 30 September 2024
72,661
9,110
2,345
7,460
91,576


6.


Debtors

2024
2023
£
£


Trade debtors
77,450
135,990

Other debtors
8,500
13,604

Prepayments and accrued income
8,062
535

94,012
150,129



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,135
7,583

2,135
7,583


Page 8

 
EV BLOCKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,000
5,000

Trade creditors
215,958
271,033

Corporation tax
1,989
-

Other taxation and social security
38,541
-

Obligations under finance lease and hire purchase contracts
5,973
7,225

Other creditors
17,176
12,794

Accruals and deferred income
4,000
2,500

288,637
298,552



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
28,334
33,334

Net obligations under finance leases and hire purchase contracts
5,759
10,724

34,093
44,058


Page 9

 
EV BLOCKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,000
5,000


5,000
5,000

Amounts falling due 1-2 years

Bank loans
28,334
33,334


28,334
33,334



33,334
38,334



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
5,973
7,225

Between 1-5 years
5,759
10,724

11,732
17,949


12.


Related party transactions

As at the balance sheet date, the company owed £Nil (2023: £7,000) to a company under common control.
As at the balance sheet date, the company owed £650 (2023: £Nil) to the director.
As at the balance sheet date, the company was owed £8,500 (2023: £Nil) from a company under common control.

 
Page 10