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REGISTERED NUMBER: 11688199 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ERICSSON AUTOMOBILE HOLDINGS LIMITED

ERICSSON AUTOMOBILE HOLDINGS LIMITED (REGISTERED NUMBER: 11688199)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ERICSSON AUTOMOBILE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr D W Cotterell
Mr L O O Eriksson
Mrs U M Axius





REGISTERED OFFICE: Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT





REGISTERED NUMBER: 11688199 (England and Wales)





ACCOUNTANTS: Newton Magnus
Chartered Certified Accountants
Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT

ERICSSON AUTOMOBILE HOLDINGS LIMITED (REGISTERED NUMBER: 11688199)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,164 3,599
Investments 5 12,276 12,276
15,440 15,875

CURRENT ASSETS
Debtors 292,396 207,881
Cash at bank 634 565
293,030 208,446
CREDITORS
Amounts falling due within one year (34,775 ) (1,300 )
NET CURRENT ASSETS 258,255 207,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,695

223,021

CREDITORS
Amounts falling due after more than
one year

(177,605

)

(125,827

)
NET ASSETS 96,090 97,194

ERICSSON AUTOMOBILE HOLDINGS LIMITED (REGISTERED NUMBER: 11688199)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings (3,910 ) (2,806 )
SHAREHOLDERS' FUNDS 96,090 97,194

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 April 2024 and were signed on its behalf by:





Mr L O O Eriksson - Director


ERICSSON AUTOMOBILE HOLDINGS LIMITED (REGISTERED NUMBER: 11688199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Ericsson Automobile Holdings 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

ERICSSON AUTOMOBILE HOLDINGS LIMITED (REGISTERED NUMBER: 11688199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 4,353
AMORTISATION
At 1 April 2022 754
Amortisation for year 435
At 31 March 2023 1,189
NET BOOK VALUE

At 31 March 2023 3,164
At 31 March 2022 3,599

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022
and 31 March 2023 12,276
NET BOOK VALUE
At 31 March 2023 12,276
At 31 March 2022 12,276

6. RELATED PARTY DISCLOSURES

At the balance sheet date there is an outstanding loan of £270,171 (2022: £201,632)
due to Ericsson Automobile (UK) Ltd presented within other debtors.

At the balance sheet date there is an outstanding loan of £12,275 (2022: £6,249)
due to Ericsson Automobile SA presented within other debtors.