Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC598417 Miss Rachael Whittington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC598417 2023-06-30 SC598417 2024-06-30 SC598417 2023-07-01 2024-06-30 SC598417 frs-core:CurrentFinancialInstruments 2024-06-30 SC598417 frs-core:Non-currentFinancialInstruments 2024-06-30 SC598417 frs-core:BetweenOneFiveYears 2024-06-30 SC598417 frs-core:ShareCapital 2024-06-30 SC598417 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC598417 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC598417 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC598417 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC598417 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC598417 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC598417 frs-bus:Director1 2023-07-01 2024-06-30 SC598417 frs-bus:Director1 2023-06-30 SC598417 frs-bus:Director1 2024-06-30 SC598417 frs-countries:Scotland 2023-07-01 2024-06-30 SC598417 2022-06-30 SC598417 2023-06-30 SC598417 2022-07-01 2023-06-30 SC598417 frs-core:CurrentFinancialInstruments 2023-06-30 SC598417 frs-core:Non-currentFinancialInstruments 2023-06-30 SC598417 frs-core:BetweenOneFiveYears 2023-06-30 SC598417 frs-core:ShareCapital 2023-06-30 SC598417 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC598417
Evolution Motor Group Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Douglas Briggs FCCA, FMAAT
62 Wellesley Road
Methil
Leven
Fife
KY8 3AF
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC598417
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 50,000 30,000
Debtors 5 359 4,323
Cash at bank and in hand 1,558 395
51,917 34,718
Creditors: Amounts Falling Due Within One Year 6 (43,492 ) (42,792 )
NET CURRENT ASSETS (LIABILITIES) 8,425 (8,074 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,425 (8,074 )
Creditors: Amounts Falling Due After More Than One Year 7 (44,393 ) (44,393 )
NET LIABILITIES (35,968 ) (52,467 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (36,068 ) (52,567 )
SHAREHOLDERS' FUNDS (35,968) (52,467)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Rachael Whittington
Director
22/03/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Evolution Motor Group Limited is a private company, limited by shares, incorporated in Scotland, registered number SC598417 . The registered office is Evolution House, 3 Hugh Avenue, Lochgelly, Fife, KY5 9DW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
2Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Stocks
2024 2023
£ £
Finished goods 50,000 30,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 359 -
Director's loan account - 4,323
359 4,323
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Corporation tax 2,756 2,756
VAT 36,535 36,535
Accruals and deferred income 4,200 3,500
43,492 42,792
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts (5,607 ) (5,607 )
Bank loans 50,000 50,000
44,393 44,393
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years (5,607 ) (5,607 )
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Miss Rachael Whittington 4,323 - 3,964 - 359
The above loan is unsecured, interest free and repayable on demand.
Page 3