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REGISTERED NUMBER: 10540306 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EV ENGINEERING LIMITED

| EV ENGINEERING LIMITED (REGISTERED NUMBER: 10540306) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| EV ENGINEERING LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | Mr. R W White

| REGISTERED OFFICE: | Apex House Thomas Street

| Trethomas

| Caerphilly

| CF83

| REGISTERED NUMBER: | 10540306 (England and Wales)

| ACCOUNTANTS: | Fusion Consulting Ltd

| Marlborough House

| 298 Regents Park Road

| London

| N3 2SZ

| EV ENGINEERING LIMITED (REGISTERED NUMBER: 10540306) |

BALANCE SHEET

31 DECEMBER 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 42,319 |  | 126,927 |  |

42,319 |  | 126,927 |  |

CURRENT ASSETS

Stocks | 6 | 125,929 |  | 228,709 |  |

Debtors | 7 | 1,057,293 |  | 864,817 |  |

Cash at bank | 8,433 |  | 3,006 |  |

1,191,655 |  | 1,096,532 |  |

CREDITORS

Amounts falling due within one year | 8 | 847,674 |  | 1,131,185 |  |

NET CURRENT ASSETS/(LIABILITIES) | 343,981 |  | (34,653 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 386,300 |  | 92,274 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 158,525 |  | 202,548 |  |

NET ASSETS/(LIABILITIES) | 227,775 |  | (110,274 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 110 |  | 110 |  |

Retained earnings | 11 | 227,665 |  | (110,384 | ) |

SHAREHOLDERS' FUNDS | 227,775 |  | (110,274 | ) |

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 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.

| EV ENGINEERING LIMITED (REGISTERED NUMBER: 10540306) |

BALANCE SHEET - continued

31 DECEMBER 2024

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 20 November 2025 and were signed by:

Mr. R W White - Director

| EV ENGINEERING LIMITED (REGISTERED NUMBER: 10540306) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| EV Engineering 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.

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.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

| 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 & Machinery 25% on cost

| Workshop Tooling 25% on cost

| Fixtures & Fittings 25% on cost

| Computer Equipment 25% on cost

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2023 - 8 ) .

| EV ENGINEERING LIMITED (REGISTERED NUMBER: 10540306) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 2,000 |  |

| AMORTISATION

| At 1 January 2024

| and 31 December 2024 | 2,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| equipment |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 852,324 |  | 7,235 |  | 68,183 |  | 30,840 |  | 958,582 |  |

| Additions | - |  | - |  | - |  | 2,505 |  | 2,505 |  |

| At 31 December 2024 | 852,324 |  | 7,235 |  | 68,183 |  | 33,345 |  | 961,087 |  |

| DEPRECIATION

| At 1 January 2024 | 750,222 |  | 6,546 |  | 49,668 |  | 25,219 |  | 831,655 |  |

| Charge for year | 68,268 |  | 675 |  | 13,221 |  | 4,949 |  | 87,113 |  |

| At 31 December 2024 | 818,490 |  | 7,221 |  | 62,889 |  | 30,168 |  | 918,768 |  |

| NET BOOK VALUE

| At 31 December 2024 | 33,834 |  | 14 |  | 5,294 |  | 3,177 |  | 42,319 |  |

| At 31 December 2023 | 102,102 |  | 689 |  | 18,515 |  | 5,621 |  | 126,927 |  |

6. | STOCKS

| 31.12.24 |  | 31.12.23

£ | £ |

| Stock - finished goods | 125,929 |  | 228,709 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 390,371 |  | 270,867 |  |

| Other debtors | 174,630 |  | 145,913 |  |

| Director's current account | 492,292 |  | 407,203 |  |

| Corp tax recoverable assets | - |  | 40,288 |  |

| Prepayments | - |  | 546 |  |

1,057,293 |  | 864,817 |  |

| EV ENGINEERING LIMITED (REGISTERED NUMBER: 10540306) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans and overdrafts | 459,204 |  | 360,360 |  |

| Trade creditors | 195,762 |  | 237,575 |  |

| Corporation tax | 39,434 |  | 40,469 |  |

| Social security and other taxes | 36,344 |  | 367,984 |  |

| VAT | 111,380 |  | 103,538 |  |

| Other creditors | - |  | 20,009 |  |

| Accruals and deferred income | 5,550 |  | 1,250 |  |

847,674 |  | 1,131,185 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans - 1-2 years | 158,525 |  | 190,048 |  |

| Lease concession | - |  | 12,500 |  |

158,525 |  | 202,548 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 110 | Ordinary shares | 1 | 110 |  | 110 |  |

11. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | (110,384 | ) |

| Profit for the year | 338,049 |  |

| At 31 December 2024 | 227,665 |  |

12. | RELATED PARTY DISCLOSURES

| At the balance sheet date, included within debtors due within one year, is an amount of £492,292 (2023 - £407,203) owed by the company directors. Interest has been charged at HMRC's official rate.

13. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is R W White as the company director and majority shareholder.