REGISTERED NUMBER: 10694479 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

EVS MOTORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E W Evans

S M Roberts

SECRETARY:

REGISTERED OFFICE:

3 Murray Street

Llanelli

Carmarthenshire

SA15 1AQ

REGISTERED NUMBER:

10694479 (England and Wales)

ACCOUNTANTS:

Charles & Co

Chartered Certified Accountants

3 Murray Street

Llanelli

Carmarthenshire

SA15 1AQ

FIXED ASSETS

Tangible assets

4

246,235

55,118

CURRENT ASSETS

Stocks

3,500

3,500

Cash at bank

94,575

140,316

98,075

143,816

CREDITORS

Amounts falling due within one year

5

42,079

33,423

NET CURRENT ASSETS

55,996

110,393

TOTAL ASSETS LESS CURRENT LIABILITIES

302,231

165,511

CREDITORS

Amounts falling due after more than one year

6

176,377

43,244

NET ASSETS

125,854

122,267

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

125,852

122,265

125,854

122,267

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:

E W Evans - Director

1.	STATUTORY INFORMATION

Evs Motors Ltd 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.

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 cost

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

-

75,637

38,672

114,309

Additions

200,000

7,900

-

207,900

At 31 March 2025

200,000

83,537

38,672

322,209

DEPRECIATION

At 1 April 2024

-

42,095

17,096

59,191

Charge for year

-

9,591

7,192

16,783

At 31 March 2025

-

51,686

24,288

75,974

NET BOOK VALUE

At 31 March 2025

200,000

31,851

14,384

246,235

At 31 March 2024

-

33,542

21,576

55,118

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

17,403

14,174

Tax

12,004

6,742

Social security and other taxes

1,406

271

VAT

9,516

10,255

Directors' loan accounts

378

1,220

Accrued expenses

1,372

761

42,079

33,423

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

147,102

-

Other loans - 1-2 years

12,500

22,500

Hire purchase contracts

16,775

20,744

176,377

43,244

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

147,102

-