Registration number: SC649417

Evolution E Types Ltd

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 5

Evolution E Types Ltd

Company Information

Director

Mr Darren McDermott

Registered office

McDermott House Tweed Place Perth Perthshire PH1 1TJ

Accountants

Morris & Young Chartered Accountants 6 Atholl Crescent PERTH PH1 5JN

Evolution E Types Ltd

(Registration number: SC649417)
Statement of Financial Position as at 31 July 2025

	Note	2025 £
Current assets
Cash at bank and in hand		28
Creditors: Amounts falling due within one year	4	(600)
Net liabilities		(572)
Capital and reserves
Called up share capital	5	1
Retained earnings		(573)
Shareholders' deficit		(572)

These accounts have been prepared 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 October 2026
 

......................................... Mr Darren McDermott Director

Evolution E Types Ltd

Notes to the Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
McDermott House
Tweed Place
Perth
Perthshire
PH1 1TJ

These financial statements were authorised for issue by the director on 9 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and rounded to the nearest £1.

Evolution E Types Ltd

Notes to the Financial Statements for the Year Ended 31 July 2025

Going concern

As at 31 July 2025, the Company had net liabilities. The Company is a member of a group of companies and is dependent upon the continued financial support of its parent company, DRVN Automotive Ltd, to meet its liabilities as they fall due.

The directors have reviewed the Company's forecasts and cash flow requirements for a period extending to at least 12 months from the date of approval of these financial statements. Based on this review, the directors have concluded that the Company will continue to require financial support
from its parent company during this period. The parent company has confirmed its intention to provide such financial support as may be
necessary to enable the Company to meet its obligations as they fall due for a period of not less than 12 months from the date of approval of these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 9 October 2026 was , who signed for and on behalf of .

.........................................

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and on deposit.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0.

Evolution E Types Ltd

Notes to the Financial Statements for the Year Ended 31 July 2025

4

Creditors

Creditors: amounts falling due within one year

	Note	2025 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	6	100
Accruals and deferred income		500
		600

5	Share capital

Allotted, called up and fully paid shares

6	Related party transactions

Summary of transactions with other related parties

During the year loan accounts operated between Companies with common directors and shareholders. At the year end the balances due by Evolution E-Types Ltd was as follows:

Easy Heat Systems Limited £100