Registered number
07821884
Evo Motors Limited
Accounts
For the Year ended
31 October 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Evo Motors Limited
Registered number: 07821884
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,102 142
Current assets
Debtors 4 634 99
Cash at bank and in hand 1,996 -
2,630 99
Creditors: amounts falling due within one year 5 (10,718) (23,222)
Net current liabilities (8,088) (23,123)
Total assets less current liabilities (6,986) (22,981)
Creditors: amounts falling due after more than one year 6 (189,086) (136,495)
Net liabilities (196,072) (159,476)
Capital and reserves
Called up share capital 100 100
Profit and loss account (196,172) (159,576)
Shareholders' funds (196,072) (159,476)
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 14 April 2025
Evo Motors Limited
Notes to the Accounts
for the year ended 31 October 2024
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
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 2024 2023
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 2023 7,206 28,695 35,901
Additions 1,358 - 1,358
At 31 October 2024 8,564 28,695 37,259
Depreciation
At 1 November 2023 7,065 28,694 35,759
Charge for the year 398 - 398
At 31 October 2024 7,463 28,694 36,157
Net book value
At 31 October 2024 1,101 1 1,102
At 31 October 2023 141 1 142
4 Debtors 2024 2023
£ £
Other debtors 634 99
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,525 20,873
Trade creditors 1,294 811
Other creditors 1,899 1,538
10,718 23,222
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 32,199 39,637
Other creditors 156,887 96,858
189,086 136,495
7 Related party transactions
Included in creditors due after one year is an amount of £156,887 (2023: £96,858) which is due to the director.
8 Other Information
7 Evo Motors Limited is a private company limited by shares and incorporated in England. Its registered office is:
110 Wilcot Road
Pewsey
Wiltshire
SN9 5NL
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