REGISTERED NUMBER: 10378404 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Evospeed Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Everett

Mr M Everett

REGISTERED OFFICE:

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

REGISTERED NUMBER:

10378404 (England and Wales)

ACCOUNTANTS:

Vortex Accountants Limited

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

FIXED ASSETS

Tangible assets

4

186,960

88,981

CURRENT ASSETS

Stocks

5

253,402

50,200

Debtors

6

1,338,107

920,215

Cash at bank and in hand

106,240

65,570

1,697,749

1,035,985

CREDITORS

Amounts falling due within one year

7

1,570,598

885,362

NET CURRENT ASSETS

127,151

150,623

TOTAL ASSETS LESS CURRENT LIABILITIES

314,111

239,604

CREDITORS

Amounts falling due after more than one year

8

152,492

163,212

NET ASSETS

161,619

76,392

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

161,519

76,292

161,619

76,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 26 September 2025 and were signed on its behalf by:

Mrs M Everett - Director

Mr M Everett - Director

1.	STATUTORY INFORMATION

Evospeed 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.

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

-

25% on reducing balance

Fixtures and fittings

-

Straight line over 5 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2023

173,771

-

173,771

Additions

85,633

70,000

155,633

At 30 September 2024

259,404

70,000

329,404

DEPRECIATION

At 1 October 2023

84,790

-

84,790

Charge for year

43,654

14,000

57,654

At 30 September 2024

128,444

14,000

142,444

NET BOOK VALUE

At 30 September 2024

130,960

56,000

186,960

At 30 September 2023

88,981

-

88,981

5.

STOCKS

2024

2023

£

£

Work-in-progress

253,402

50,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

941,521

602,434

Other debtors

396,586

317,781

1,338,107

920,215

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

827,399

373,754

Hire purchase contracts

43,194

-

Trade creditors

237,938

77,636

Taxation and social security

451,911

388,327

Other creditors

10,156

45,645

1,570,598

885,362

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

131,779

134,329

Hire purchase contracts

20,713

-

Other creditors

-

28,883

152,492

163,212

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

131,779

134,329

Other loans more 5yrs instal

-

28,883

Hire purchase

63,907

-

195,686

163,212