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Company Registration No. 11142739 (England and Wales)
Evolution Auto Limited Unaudited accounts for the year ended 31 March 2025
Evolution Auto Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Evolution Auto Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
121,340
120,427
Tangible assets
5
40,092
391,371
161,432
511,798
Current assets
Debtors
6
160,267
152,793
Cash at bank and in hand
61,644
55,924
221,911
208,717
Creditors: amounts falling due within one year
7
(472,830)
(524,484)
Net current liabilities
(250,919)
(315,767)
Total assets less current liabilities
(89,487)
196,031
Creditors: amounts falling due after more than one year
8
(1,412,036)
(1,448,067)
Net liabilities
(1,501,523)
(1,252,036)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(1,501,525)
(1,252,038)
Shareholders' funds
(1,501,523)
(1,252,036)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
Mrs C Saranna Director Company Registration No. 11142739
- 3 -
Evolution Auto Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Evolution Auto Limited is a private company, limited by shares, registered in England and Wales, registration number 11142739. The registered office is Friars House, Manor House Drive, Coventry, CV1 2TE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
33% straight line
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation which is over 5 years.
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
155,794
Additions
32,852
At 31 March 2025
188,646
Amortisation
At 1 April 2024
35,367
Charge for the year
31,939
At 31 March 2025
67,306
Net book value
At 31 March 2025
121,340
At 31 March 2024
120,427
- 4 -
Evolution Auto Limited Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
720,592
3,512
11,410
735,514
Additions
3,500
-
-
3,500
Disposals
(626,636)
-
-
(626,636)
At 31 March 2025
97,456
3,512
11,410
112,378
Depreciation
At 1 April 2024
339,734
667
3,742
344,143
Charge for the year
39,097
667
3,230
42,994
On disposals
(314,851)
-
-
(314,851)
At 31 March 2025
63,980
1,334
6,972
72,286
Net book value
At 31 March 2025
33,476
2,178
4,438
40,092
At 31 March 2024
380,858
2,845
7,668
391,371
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
83,431
128,523
Accrued income and prepayments
64,336
1,770
Other debtors
12,500
22,500
160,267
152,793
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
2,435
3,823
VAT
6,129
22,556
Trade creditors
245,290
249,471
Taxes and social security
1,796
7,120
Other creditors
117,836
139,878
Loans from directors
85,429
69,483
Accruals
13,915
32,153
472,830
524,484
The bank loan is a Bounce Back Loan Scheme (BBLS) and has a full government backed guarantee. The interest rate charged on the loan is 2.5% and the loan term is 5 years.
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,412,036
1,448,067
- 5 -
Evolution Auto Limited Notes to the Accounts for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 10 (2024: 10).
- 6 -