Company registration number 12354830 (England and Wales)
FLEET EVOLVE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
FLEET EVOLVE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
FLEET EVOLVE LIMITED
BALANCE SHEET
AS AT 30 APRIL 2024
30 April 2024
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
9,868
Current assets
Debtors
4
-
0
866
Creditors: amounts falling due within one year
5
(20,267)
(22,276)
Net current liabilities
(20,267)
(21,410)
Total assets less current liabilities
(20,267)
(11,542)
Creditors: amounts falling due after more than one year
6
(21,386)
(29,852)
Net liabilities
(41,653)
(41,394)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(42,653)
(42,394)
Total equity
(41,653)
(41,394)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for:

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

FLEET EVOLVE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 30 January 2025
Mr S C Williams
Director
Company registration number 12354830 (England and Wales)
FLEET EVOLVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

Fleet Evolve Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8-8a King Street,, Mold,, Flintshire,, CH7 1LA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Computers
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

FLEET EVOLVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2022
Number
Number
Total
-
0
1
FLEET EVOLVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
22,082
Disposals
(22,082)
At 30 April 2024
-
0
Depreciation and impairment
At 1 January 2023
12,214
Eliminated in respect of disposals
(12,214)
At 30 April 2024
-
0
Carrying amount
At 30 April 2024
-
0
At 31 December 2022
9,868
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
-
0
866
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
9,448
9,448
Other creditors
10,819
12,828
20,267
22,276
6
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
21,386
29,852
2024-04-302023-01-01falsefalsefalse30 January 2025CCH SoftwareCCH Accounts Production 2024.301No description of principal activityMr S C Williams123548302023-01-012024-04-30123548302024-04-30123548302022-12-3112354830core:OtherPropertyPlantEquipment2024-04-3012354830core:OtherPropertyPlantEquipment2022-12-3112354830core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3012354830core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3112354830core:Non-currentFinancialInstrumentscore:AfterOneYear2024-04-3012354830core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3112354830core:CurrentFinancialInstruments2024-04-3012354830core:CurrentFinancialInstruments2022-12-3112354830core:ShareCapital2024-04-3012354830core:ShareCapital2022-12-3112354830core:RetainedEarningsAccumulatedLosses2024-04-3012354830core:RetainedEarningsAccumulatedLosses2022-12-3112354830bus:Director12023-01-012024-04-3012354830core:PlantMachinery2023-01-012024-04-3012354830core:ComputerEquipment2023-01-012024-04-30123548302022-01-012022-12-3112354830core:OtherPropertyPlantEquipment2022-12-3112354830core:OtherPropertyPlantEquipment2023-01-012024-04-3012354830core:WithinOneYear2024-04-3012354830core:WithinOneYear2022-12-3112354830core:Non-currentFinancialInstruments2024-04-3012354830core:Non-currentFinancialInstruments2022-12-3112354830bus:PrivateLimitedCompanyLtd2023-01-012024-04-3012354830bus:SmallCompaniesRegimeForAccounts2023-01-012024-04-3012354830bus:FRS1022023-01-012024-04-3012354830bus:AuditExemptWithAccountantsReport2023-01-012024-04-3012354830bus:FullAccounts2023-01-012024-04-30xbrli:purexbrli:sharesiso4217:GBP