REGISTERED NUMBER: 07401665 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Fleet Evolution Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

10,535

-

Tangible assets

5

131,990

83,620

142,525

83,620

CURRENT ASSETS

Debtors

6

227,935

172,316

Cash at bank

20,832

53,132

248,767

225,448

CREDITORS

Amounts falling due within one year

7

553,258

402,556

NET CURRENT LIABILITIES

(304,491

)

(177,108

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(161,966

)

(93,488

)

CREDITORS

Amounts falling due after more than one year

8

4,163

67,253

NET LIABILITIES

(166,129

)

(160,741

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(166,229

)

(160,841

)

SHAREHOLDERS' FUNDS

(166,129

)

(160,741

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 25 September 2025 and were signed on its behalf by:

A N J Leech - Director

1.	STATUTORY INFORMATION

Fleet Evolution Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07401665

Registered office:

The Dovecote Pimlico Farm

Austrey Lane

Tamworth

Staffordshire

B79 0PF

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.

The accounts have been prepared on a going concern basis, this being subject to the continued support of the company's bankers and other providers of finance.

Turnover

Turnover represents the net finance rentals receivable, excluding value added tax.

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.

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

Tangible fixed assets

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% straight on cost

Electric vehicle chargers

-

straight line over contract length

Computer equipment

-

33 1/3% on cost

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.

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.

Debtors

Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Creditors

Short term creditors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

10,535

At 31 December 2024

10,535

NET BOOK VALUE

At 31 December 2024

10,535

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

140,347

Additions

106,664

Disposals

(23,656

)

At 31 December 2024

223,355

DEPRECIATION

At 1 January 2024

56,727

Charge for year

49,477

Eliminated on disposal

(14,839

)

At 31 December 2024

91,365

NET BOOK VALUE

At 31 December 2024

131,990

At 31 December 2023

83,620

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

153,790

90,973

Other debtors

74,145

81,343

227,935

172,316

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

115,134

57,963

Trade creditors

251,468

222,638

Taxation and social security

121,094

10,048

Other creditors

65,562

111,907

553,258

402,556

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,163

67,253

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

29,921

67,384

Between one and five years

-

1,434

29,921

68,818

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Share capital 1

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 January 2024

(160,841

)

Deficit for the year

(5,388

)

At 31 December 2024

(166,229

)

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

A N J Leech

Balance outstanding at start of year

-

-

Amounts advanced

-

10,000

Amounts repaid

-

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-