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REGISTERED NUMBER: 07177143 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Automotive Evolution Limited

Automotive Evolution Limited (Registered number: 07177143)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Automotive Evolution Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr A Barron





REGISTERED OFFICE: 6 Bothal Terrace
Stakeford
Choppington
Northumberland
NE62 5HY





REGISTERED NUMBER: 07177143 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Automotive Evolution Limited (Registered number: 07177143)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £ £ £
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 23,829 26,693
25,829 29,693

CURRENT ASSETS
Stocks 6 7,083 3,667
Debtors 7 7,144 4,510
Cash at bank and in hand 36,182 27,657
50,409 35,834
CREDITORS
Amounts falling due within one year 8 33,379 18,597
NET CURRENT ASSETS 17,030 17,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,859

46,930

CREDITORS
Amounts falling due after more than
one year

9

22,546

25,018
NET ASSETS 20,313 21,912

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 20,311 21,910
SHAREHOLDERS' FUNDS 20,313 21,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Automotive Evolution Limited (Registered number: 07177143)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





Mr A Barron - Director


Automotive Evolution Limited (Registered number: 07177143)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Automotive Evolution 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Automotive Evolution Limited (Registered number: 07177143)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2024
and 31 March 2025 10,000
AMORTISATION
At 1 April 2024 7,000
Amortisation for year 1,000
At 31 March 2025 8,000
NET BOOK VALUE
At 31 March 2025 2,000
At 31 March 2024 3,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 April 2024 48,423 5,043 18,700 72,166
Additions 2,695 - - 2,695
Disposals - (4,156 ) - (4,156 )
At 31 March 2025 51,118 887 18,700 70,705
DEPRECIATION
At 1 April 2024 30,181 4,481 10,811 45,473
Charge for year 3,140 20 1,972 5,132
Eliminated on disposal - (3,729 ) - (3,729 )
At 31 March 2025 33,321 772 12,783 46,876
NET BOOK VALUE
At 31 March 2025 17,797 115 5,917 23,829
At 31 March 2024 18,242 562 7,889 26,693

Automotive Evolution Limited (Registered number: 07177143)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. STOCKS
31.3.25 31.3.24
£ £
Stocks 7,083 3,667

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Trade debtors 3,842 2,008
Other debtors 2,502 2,502
VAT 800 -
7,144 4,510

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Hire purchase contracts 2,472 4,238
Trade creditors 23,963 10,374
Social security and other taxes 4,389 525
VAT - 1,099
Other creditors 571 277
Directors' loan accounts 1,322 1,454
Accrued expenses 662 630
33,379 18,597

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£ £
Hire purchase contracts - 2,472
Other creditors 22,546 22,546
22,546 25,018

Automotive Evolution Limited

Report of the Accountants to the Director of
Automotive Evolution Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


28 May 2025