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REGISTERED NUMBER: 10952567 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ELECTRICARS TOW TRACTORS LIMITED

ELECTRICARS TOW TRACTORS LIMITED (REGISTERED NUMBER: 10952567)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ELECTRICARS TOW TRACTORS LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTOR: P M Gallagher





REGISTERED OFFICE: Unit 2 Ford Farm
Welsh Road West
SOUTHAM
CV47 2BN





REGISTERED NUMBER: 10952567 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Payton House
Guild Street
Stratford-upon-Avon
Warwickshire
CV37 6RP

ELECTRICARS TOW TRACTORS LIMITED (REGISTERED NUMBER: 10952567)

STATEMENT OF FINANCIAL POSITION
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,488 2,885

CURRENT ASSETS
Debtors 5 8,714 5,215
Cash at bank 76,919 110,057
85,633 115,272
CREDITORS
Amounts falling due within one year 6 15,620 53,437
NET CURRENT ASSETS 70,013 61,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,501

64,720

PROVISIONS FOR LIABILITIES 473 548
NET ASSETS 72,028 64,172

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 72,018 64,162
72,028 64,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

ELECTRICARS TOW TRACTORS LIMITED (REGISTERED NUMBER: 10952567)

STATEMENT OF FINANCIAL POSITION - continued
30 September 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 April 2024 and were signed by:





P M Gallagher - Director


ELECTRICARS TOW TRACTORS LIMITED (REGISTERED NUMBER: 10952567)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Electricars Tow Tractors 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

ELECTRICARS TOW TRACTORS LIMITED (REGISTERED NUMBER: 10952567)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 3,175 4,280 - 7,455
Additions - - 433 433
At 30 September 2023 3,175 4,280 433 7,888
DEPRECIATION
At 1 October 2022 1,306 3,264 - 4,570
Charge for year 468 254 108 830
At 30 September 2023 1,774 3,518 108 5,400
NET BOOK VALUE
At 30 September 2023 1,401 762 325 2,488
At 30 September 2022 1,869 1,016 - 2,885

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,714 5,215

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 822 8,375
Taxation and social security 11,884 6,835
Other creditors 2,914 38,227
15,620 53,437

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director’s current account became overdrawn, the maximum amount and the year end balance was £56 (2022: £13). This has subsequently been cleared.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P M Gallagher.