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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

EV4 Limited

EV4 Limited (Registered number: 07986640)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EV4 Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K Hamilton





SECRETARY: Mrs A E Hamilton





REGISTERED OFFICE: KAD House
Portsmouth Road
Esher
Surrey
KT10 9AD





REGISTERED NUMBER: 07986640 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

EV4 Limited (Registered number: 07986640)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,287 42,540
Tangible assets 5 7,807 20
Investments 6 120,915 120,915
161,009 163,475

CURRENT ASSETS
Stocks 7 64,533 50,187
Debtors 8 8,377 33,725
Cash at bank 32,157 11,747
105,067 95,659
CREDITORS
Amounts falling due within one year 9 151,867 161,509
NET CURRENT LIABILITIES (46,800 ) (65,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,209

97,625

CREDITORS
Amounts falling due after more than one
year

10

48,559

60,797
NET ASSETS 65,650 36,828

CAPITAL AND RESERVES
Called up share capital 13 10 10
Retained earnings 65,640 36,818
SHAREHOLDERS' FUNDS 65,650 36,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EV4 Limited (Registered number: 07986640)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





K Hamilton - Director


EV4 Limited (Registered number: 07986640)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

EV4 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Development costs
Development of product costs are capitalised. Depreciation commences when product deliveries commence and is written off over the anticipated lifespan of the product.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 3 years
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

EV4 Limited (Registered number: 07986640)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Patent costs
Patent costs are capitalised when the directors consider they have a recoverable value. They are written off against revenues of the product as sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development Computer
licences costs software Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 8,786 43,494 5,000 57,280
AMORTISATION
At 1 April 2023 5,366 8,374 1,000 14,740
Amortisation for year 879 8,374 1,000 10,253
At 31 March 2024 6,245 16,748 2,000 24,993
NET BOOK VALUE
At 31 March 2024 2,541 26,746 3,000 32,287
At 31 March 2023 3,420 35,120 4,000 42,540

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 12,600 357 2,203 15,160
Additions 10,408 - - 10,408
At 31 March 2024 23,008 357 2,203 25,568
DEPRECIATION
At 1 April 2023 12,600 337 2,203 15,140
Charge for year 2,602 19 - 2,621
At 31 March 2024 15,202 356 2,203 17,761
NET BOOK VALUE
At 31 March 2024 7,806 1 - 7,807
At 31 March 2023 - 20 - 20

EV4 Limited (Registered number: 07986640)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 120,915
NET BOOK VALUE
At 31 March 2024 120,915
At 31 March 2023 120,915

7. STOCKS
2024 2023
£    £   
Stocks 64,533 50,187

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,907 6,401
Other debtors - 13,713
Prepayments 2,470 13,611
8,377 33,725

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 11) 70,549 85,841
Trade creditors 33,550 32,145
Social security and other taxes 1,202 -
VAT 25,455 17,018
Other creditors - 4,537
Pension 70 53
Directors' current accounts 16,441 19,315
Accrued expenses 4,600 2,600
151,867 161,509

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 11) 48,559 60,797

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 21,084

EV4 Limited (Registered number: 07986640)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


11. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 32,252 45,809
Bank loans 38,297 40,032
70,549 85,841

Amounts falling due between one and two years:
Bank loans - 1-2 years 16,466 24,713

Amounts falling due between two and five years:
Bank loans - 2-5 years 32,093 15,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 21,084

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 32,252 45,809
Bank loans 86,856 100,829
119,108 146,638

The loan and overdraft are secured by way of charge over the company assets and a personal guarantee from the shareholders.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

14. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr K and Mrs A Hamilton.