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REGISTERED NUMBER: 03654349 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ELECTROMOBILE LIMITED

ELECTROMOBILE LIMITED (REGISTERED NUMBER: 03654349)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELECTROMOBILE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J E Burroughs
Mr G C Moore





SECRETARY: Mr J E Burroughs





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 03654349 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

ELECTROMOBILE LIMITED (REGISTERED NUMBER: 03654349)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 315,293 332,103

CURRENT ASSETS
Stock 5 2,006 805
Debtors 6 30,355 36,928
Cash at bank 12,373 35,599
44,734 73,332
CREDITORS
Amounts falling due within one year 7 174,044 176,875
NET CURRENT LIABILITIES (129,310 ) (103,543 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,983

228,560

PROVISIONS FOR LIABILITIES 7,414 13,082
NET ASSETS 178,569 215,478

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 178,567 215,476
SHAREHOLDERS' FUNDS 178,569 215,478

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

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

ELECTROMOBILE LIMITED (REGISTERED NUMBER: 03654349)

BALANCE SHEET - continued
31 DECEMBER 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 1 September 2024 and were signed on its behalf by:





Mr G C Moore - Director


ELECTROMOBILE LIMITED (REGISTERED NUMBER: 03654349)

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

1. STATUTORY INFORMATION

Electromobile 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.
Tools & equipment - 20% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

ELECTROMOBILE LIMITED (REGISTERED NUMBER: 03654349)

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

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Tools & Office
property equipment equipment
£    £    £   
COST
At 1 January 2023 262,663 21,327 1,996
Additions - - -
Disposals - - (159 )
At 31 December 2023 262,663 21,327 1,837
DEPRECIATION
At 1 January 2023 - 16,933 1,193
Charge for year - 877 159
Eliminated on disposal - - (154 )
At 31 December 2023 - 17,810 1,198
NET BOOK VALUE
At 31 December 2023 262,663 3,517 639
At 31 December 2022 262,663 4,394 803

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 138,390 17,633 442,009
Additions - 395 395
Disposals - - (159 )
At 31 December 2023 138,390 18,028 442,245
DEPRECIATION
At 1 January 2023 80,982 10,798 109,906
Charge for year 14,353 1,811 17,200
Eliminated on disposal - - (154 )
At 31 December 2023 95,335 12,609 126,952
NET BOOK VALUE
At 31 December 2023 43,055 5,419 315,293
At 31 December 2022 57,408 6,835 332,103

ELECTROMOBILE LIMITED (REGISTERED NUMBER: 03654349)

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

5. STOCK
2023 2022
£    £   
Stock 2,006 805

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,561 30,970
Other debtors 1,340 340
Prepayments 6,454 5,618
30,355 36,928

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,420 12,041
Social security & other taxes 8,548 8,428
Business loans - 10,200
Corporation tax 9,291 21,416
Directors' current accounts 136,667 111,151
Other creditors 5,563 11,059
Accruals & deferred income 2,555 2,580
174,044 176,875