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Company Registration No. 12243009 (England and Wales)
EAST MIDLANDS MOTORS LIMITED Unaudited accounts for the year ended 31 October 2023
EAST MIDLANDS MOTORS LIMITED Unaudited accounts Contents
Page
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EAST MIDLANDS MOTORS LIMITED Company Information for the year ended 31 October 2023
Director
Jennifer Horgan
Company Number
12243009 (England and Wales)
Registered Office
UNIT 4, BLOCK 1, HALLAM WAY MANSFIELD WOODHOUSE NG19 9BG ENGLAND
Accountants
BFS Accountants Ltd Ransom Hall, Ransom Wood Business Park Southwell Road West Mansfield Nottinghamshire NG21 0HJ
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EAST MIDLANDS MOTORS LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,678 
1,678 
Current assets
Inventories
- 
112,975 
Debtors
- 
8,000 
Cash at bank and in hand
- 
(26,856)
- 
94,119 
Creditors: amounts falling due within one year
- 
(27,585)
Net current assets
- 
66,534 
Total assets less current liabilities
1,678 
68,212 
Creditors: amounts falling due after more than one year
- 
(55,880)
Net assets
1,678 
12,332 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,677 
12,331 
Shareholders' funds
1,678 
12,332 
For the year ending 31 October 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 her 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 January 2024 and were signed on its behalf by
Jennifer Horgan Director Company Registration No. 12243009
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EAST MIDLANDS MOTORS LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
EAST MIDLANDS MOTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12243009. The registered office is UNIT 4, BLOCK 1, HALLAM WAY, MANSFIELD WOODHOUSE, NG19 9BG, ENGLAND.
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.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
2,609 
3,200 
5,809 
At 31 October 2023
2,609 
3,200 
5,809 
Depreciation
At 1 November 2022
1,731 
2,400 
4,131 
At 31 October 2023
1,731 
2,400 
4,131 
Net book value
At 31 October 2023
878 
800 
1,678 
At 31 October 2022
878 
800 
1,678 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,995 
Other debtors
- 
5 
- 
8,000 
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EAST MIDLANDS MOTORS LIMITED Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
1,565 
Trade creditors
- 
2,150 
Taxes and social security
- 
4,690 
Loans from directors
- 
19,180 
- 
27,585 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
35,880 
Loans from directors
- 
20,000 
- 
55,880 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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