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REGISTERED NUMBER: 08096635 (England and Wales)















E S MOTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023






E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E S MOTORS LIMITED

COMPANY INFORMATION
for the year ended 31 August 2023







DIRECTORS: Mr E Saccoccio
Mrs M E Saccoccio
Mr R M Saccoccio





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 08096635 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 117,000 130,000
Tangible assets 5 518,305 521,111
635,305 651,111

CURRENT ASSETS
Stocks 172,189 243,833
Debtors 6 40,766 22,638
Cash at bank and in hand 40,132 227
253,087 266,698
CREDITORS
Amounts falling due within one year 7 (335,222 ) (322,210 )
NET CURRENT LIABILITIES (82,135 ) (55,512 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,170

595,599

CREDITORS
Amounts falling due after more than one
year

8

(205,493

)

(243,666

)

PROVISIONS FOR LIABILITIES 11 (17,864 ) (16,136 )
NET ASSETS 329,813 335,797

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 329,713 335,697
SHAREHOLDERS' FUNDS 329,813 335,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

BALANCE SHEET - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





Mr R M Saccoccio - Director


E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023


1. STATUTORY INFORMATION

E S Motors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised on the supply of goods or services to the customer, net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty 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.
Long leasehold - in accordance with the property
Improvements to property - 10% on cost
Plant and machinery - 10% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 260,000
AMORTISATION
At 1 September 2022 130,000
Charge for year 13,000
At 31 August 2023 143,000
NET BOOK VALUE
At 31 August 2023 117,000
At 31 August 2022 130,000

E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 484,006 110,906 594,912
Additions - 15,415 15,415
At 31 August 2023 484,006 126,321 610,327
DEPRECIATION
At 1 September 2022 37,786 36,015 73,801
Charge for year 7,649 10,572 18,221
At 31 August 2023 45,435 46,587 92,022
NET BOOK VALUE
At 31 August 2023 438,571 79,734 518,305
At 31 August 2022 446,220 74,891 521,111

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,193 9,782
Other debtors 33,573 12,856
40,766 22,638

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 79,122 58,855
Trade creditors 136,841 100,325
Taxation and social security 101,680 79,760
Other creditors 17,579 83,270
335,222 322,210

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 205,493 243,666

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 112,350 113,479

E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Between one and five years 93,333 128,333

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 39,500 17,782
Bank loans 245,115 284,739
284,615 302,521

The Bounce Back Loan is secured under government backed initiatives.

The bank loans are secured against property.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 17,864 16,136

Deferred
tax
£   
Balance at 1 September 2022 16,136
Charge to Income Statement during year 1,728
Balance at 31 August 2023 17,864

12. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £5,911 (2022: £52,276) were outstanding at the year end.Loans will be repaid when funds permit.