Company Registration No. 08935444 (England and Wales)
Evolve Vehicle Preparation Ltd
Unaudited accounts
for the year ended 31 March 2025
Evolve Vehicle Preparation Ltd
Unaudited accounts
Contents
Evolve Vehicle Preparation Ltd
Company Information
for the year ended 31 March 2025
Directors
Mr P Waller
Mrs J Waller
Company Number
08935444 (England and Wales)
Registered Office
Unit 26 Strawberry Meadows
Euxton Lane
Chorley
Lancashire
PR7 6FL
United Kingdom
Evolve Vehicle Preparation Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
241,924
259,146
Cash at bank and in hand
10,551
940
Creditors: amounts falling due within one year
(316,867)
(472,121)
Net current assets
13,755
11,966
Total assets less current liabilities
255,679
271,112
Creditors: amounts falling due after more than one year
(184,062)
(192,184)
Provisions for liabilities
Deferred tax
(56,489)
(64,787)
Called up share capital
2
2
Profit and loss account
15,126
14,139
Shareholders' funds
15,128
14,141
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 November 2025 and were signed on its behalf by
Mr P Waller
Director
Company Registration No. 08935444
Evolve Vehicle Preparation Ltd
Notes to the Accounts
for the year ended 31 March 2025
Evolve Vehicle Preparation Ltd is a private company, limited by shares, registered in England and Wales, registration number 08935444. The registered office is Unit 26 Strawberry Meadows, Euxton Lane, Chorley, Lancashire, PR7 6FL, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in pounds 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:
Plant & machinery
33% Straight line and 18% Reducing balance
Motor vehicles
25% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Evolve Vehicle Preparation Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
84,764
268,876
353,640
Additions
1,219
170,717
171,936
Disposals
-
(196,781)
(196,781)
At 31 March 2025
85,983
242,812
328,795
At 1 April 2024
25,690
68,804
94,494
Charge for the year
12,716
38,827
51,543
On disposals
-
(59,166)
(59,166)
At 31 March 2025
38,406
48,465
86,871
At 31 March 2025
47,577
194,347
241,924
At 31 March 2024
59,074
200,072
259,146
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
194,347
200,072
Amounts falling due within one year
Trade debtors
309,071
377,147
Other debtors
3,000
98,000
Evolve Vehicle Preparation Ltd
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
13,048
12,705
Obligations under finance leases and hire purchase contracts
34,225
49,963
Trade creditors
12,069
39,821
Taxes and social security
106,807
53,893
Other creditors
39,281
200,702
Other creditors include advances from an invoice discounting company of £38,817 (2024: £199,855) relating to assigned trade book debts of £309,071.
The finance leases and hire purchase contracts are secured on the assets concerned.
Other creditors include a balance which is secured by way of a fixed and floating charge over the assets of the company.
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
176,111
171,185
At the year end there was a directors loan account of £3,000 (2024:£98,000) due to the company.
9
Average number of employees
During the year the average number of employees was 4 (2024: 5).