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Company Registration No. 12189189 (England and Wales)
EURO MOTORING LIMITED Unaudited accounts for the year ended 30 September 2023
EURO MOTORING LIMITED Unaudited accounts Contents
Page
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EURO MOTORING LIMITED Company Information for the year ended 30 September 2023
Director
David Griffiths
Company Number
12189189 (England and Wales)
Registered Office
14 LEDBURY CLOSE REDDITCH B98 0BS UNITED KINGDOM
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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EURO MOTORING LIMITED Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
13,731 
18,308 
Tangible assets
686 
38 
14,417 
18,346 
Current assets
Inventories
1,722 
6,890 
Debtors
2,645 
145 
Cash at bank and in hand
2,367 
7,451 
6,734 
14,486 
Creditors: amounts falling due within one year
(2,752)
(3,293)
Net current assets
3,982 
11,193 
Net assets
18,399 
29,539 
Capital and reserves
Called up share capital
24,000 
24,000 
Profit and loss account
(5,601)
5,539 
Shareholders' funds
18,399 
29,539 
For the year ending 30 September 2023 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 director acknowledges his 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 and authorised for issue on 31 July 2024 and were signed on its behalf by
David Griffiths Director Company Registration No. 12189189
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EURO MOTORING LIMITED Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
EURO MOTORING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12189189. The registered office is 14 LEDBURY CLOSE, REDDITCH, B98 0BS, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
25% Straight Line Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
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EURO MOTORING LIMITED Notes to the Accounts for the year ended 30 September 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2022
22,885 
At 30 September 2023
22,885 
Amortisation
At 1 October 2022
4,577 
Charge for the year
4,577 
At 30 September 2023
9,154 
Net book value
At 30 September 2023
13,731 
At 30 September 2022
18,308 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2022
150 
Additions
914 
At 30 September 2023
1,064 
Depreciation
At 1 October 2022
112 
Charge for the year
266 
At 30 September 2023
378 
Net book value
At 30 September 2023
686 
At 30 September 2022
38 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
2,645 
145 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
1,261 
Other creditors
672 
672 
Loans from directors
10 
286 
Accruals
2,070 
1,074 
2,752 
3,293 
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EURO MOTORING LIMITED Notes to the Accounts for the year ended 30 September 2023
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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