Company Registration No. 11142739 (England and Wales)
Evolution Auto Limited
Unaudited accounts
for the year ended 31 March 2026
Evolution Auto Limited
Unaudited accounts
Contents
Evolution Auto Limited
Statement of financial position
as at 31 March 2026
Intangible assets
146,483
121,340
Tangible assets
3,542
40,092
Cash at bank and in hand
89,216
61,644
Creditors: amounts falling due within one year
(470,063)
(472,830)
Net current liabilities
(229,782)
(250,919)
Total assets less current liabilities
(79,757)
(89,487)
Creditors: amounts falling due after more than one year
(1,411,720)
(1,412,036)
Net liabilities
(1,491,477)
(1,501,523)
Called up share capital
2
2
Profit and loss account
(1,491,479)
(1,501,525)
Shareholders' funds
(1,491,477)
(1,501,523)
For the year ending 31 March 2026 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 15 September 2026 and were signed on its behalf by
Mrs C Saranna
Director
Company Registration No. 11142739
Evolution Auto Limited
Notes to the Accounts
for the year ended 31 March 2026
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.
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 £ 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 (including purchased goodwill and patents) are included at cost less accumulated amortisation which is over 5 years.
4
Intangible fixed assets
Other
Charge for the year
44,011
Evolution Auto Limited
Notes to the Accounts
for the year ended 31 March 2026
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
97,456
3,512
11,410
112,378
Disposals
(76,791)
-
-
(76,791)
At 31 March 2026
20,665
3,787
12,043
36,495
At 1 April 2025
63,980
1,334
6,972
72,286
Charge for the year
4,121
706
3,319
8,146
On disposals
(47,479)
-
-
(47,479)
At 31 March 2026
20,622
2,040
10,291
32,953
At 31 March 2026
43
1,747
1,752
3,542
At 31 March 2025
33,476
2,178
4,438
40,092
Amounts falling due within one year
Trade debtors
62,417
83,431
Accrued income and prepayments
79,758
64,336
Other debtors
8,890
12,500
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
812
2,435
Trade creditors
188,741
245,290
Taxes and social security
6,211
1,796
Other creditors
145,175
117,836
Loans from directors
102,757
85,429
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
2026
2025
Other creditors
1,411,720
1,412,036
Evolution Auto Limited
Notes to the Accounts
for the year ended 31 March 2026
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
The pension charge represents contributions payable by the company regarding the pension amounting to £2,979 (2025 - £3,858). Contributions totalling £556 (2025 - £532) were payable to the fund at the balance sheet date.
11
Transactions with related parties
Included within Creditors: amounts falling due after one year is an amount of £102,757 (2025: £85,429) owed to the directors of the company. This loan is unsecured, interest-free, and repayable on demand.
12
Average number of employees
During the year the average number of employees was 10 (2025: 10).