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Registered number: 13753907
E&R Motors Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Jon Line Accountancy Limited
65, Bishopsworth Road
Bristol
BS13 7JW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13753907
30 November 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,079 46,618
31,079 46,618
CURRENT ASSETS
Stocks 5 34,250 12,500
Debtors 6 72,806 58,075
Cash at bank and in hand 6,633 6,915
113,689 77,490
Creditors: Amounts Falling Due Within One Year 7 (68,914 ) (105,068 )
NET CURRENT ASSETS (LIABILITIES) 44,775 (27,578 )
TOTAL ASSETS LESS CURRENT LIABILITIES 75,854 19,040
Creditors: Amounts Falling Due After More Than One Year 8 (73,205 ) (19,000 )
NET ASSETS 2,649 40
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 2,549 (60 )
SHAREHOLDERS' FUNDS 2,649 40
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ederlon Ferreira de Moura
Director
28th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
E&R Motors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13753907 . The registered office is 182b Whitehall Road, Bristol, BS5 9BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25%
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 2)
5 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 December 2022 62,157
As at 30 November 2023 62,157
Depreciation
As at 1 December 2022 15,539
Provided during the period 15,539
As at 30 November 2023 31,078
Net Book Value
As at 30 November 2023 31,079
As at 1 December 2022 46,618
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Page 4
5. Stocks
30 November 2023 30 November 2022
£ £
Work in progress 34,250 12,500
6. Debtors
30 November 2023 30 November 2022
£ £
Due within one year
Trade debtors 39,806 39,915
Other debtors 33,000 18,160
72,806 58,075
7. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Trade creditors 43,425 46,826
Other loans 495 -
Other taxes and social security 4,090 1,518
VAT 20,304 4,911
Other creditors - 51,813
Accruals and deferred income 600 -
68,914 105,068
8. Creditors: Amounts Falling Due After More Than One Year
30 November 2023 30 November 2022
£ £
Other loans 73,200 19,000
Other creditors 5 -
73,205 19,000
9. Share Capital
30 November 2023 30 November 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4