EMO MOTORS LTD

Company Registration Number:
09606016 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

EMO MOTORS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

EMO MOTORS LTD

Company Information

for the Period Ended 31 March 2024




Director: Emil Nachev
Registered office: Unit 1
Kirby Estate, Trout Road
West Drayton
England
UB7 7RU
Company Registration Number: 09606016 (England and Wales)

EMO MOTORS LTD

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

Sale of used cars and light motor vehicles

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Emil Nachev

This report was approved by the board of directors on 12 November 2024
And Signed On Behalf Of The Board By:

Name: Emil Nachev
Status: Director

EMO MOTORS LTD

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 387,889 472,320
Cost of sales ( 300,525 ) ( 390,638 )
Gross Profit or (Loss) 87,364 81,682
Administrative Expenses ( 79,215 ) ( 78,766 )
Operating Profit or (Loss) 8,149 2,916
Profit or (Loss) Before Tax 8,149 2,916
Tax on Profit ( 1,548 ) ( 554 )
Profit or (Loss) for Period 6,601 2,362

The notes form part of these financial statements

EMO MOTORS LTD

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 12,540 5,621
Total fixed assets: 12,540 5,621
Current assets
Stocks: 48,423 46,995
Debtors: 5 246 10,875
Cash at bank and in hand: 18,806 19,455
Total current assets: 67,475 77,325
Creditors: amounts falling due within one year: 6 ( 34,551 ) ( 34,982 )
Net current assets (liabilities): 32,924 42,343
Total assets less current liabilities: 45,464 47,964
Creditors: amounts falling due after more than one year: 7 ( 18,718 ) ( 29,366 )
Total net assets (liabilities): 26,746 18,598

The notes form part of these financial statements

EMO MOTORS LTD

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 8 18,597 15,681
Profit and loss account: 8,148 2,916
Shareholders funds: 26,746 18,598

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 12 November 2024
And Signed On Behalf Of The Board By:

Name: Emil Nachev
Status: Director

The notes form part of these financial statements

EMO MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EMO MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

EMO MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

EMO MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Plant & machinery Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 April 2023 3,100 20 2,501 5,621
Additions 1,758 3 5,158 6,919
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 March 2024 4,858 23 7,659 12,540
Depreciation
At 01 April 2023 - - - -
Charge for year - - - -
On disposals - - - -
Other adjustments - - - -
At 31 March 2024 - - - -
Net book value
At 31 March 2024 4,858 23 7,659 12,540
At 31 March 2023 3,100 20 2,501 5,621

EMO MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors


2024
£

2023
£
Prepayments and accrued income 246 246
Other debtors 10,629
Total 246 10,875

EMO MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 24,130 21,452
Taxation and social security 974 1,562
Accruals and deferred income 8,643 11,164
Other creditors 804 804
Total 34,551 34,982

EMO MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 18,718 29,366
Total 18,718 29,366

EMO MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Revaluation reserve


2024
£
Balance at 01 April 2023 15,681
Surplus or deficit after revaluation 2,916
Balance at 31 March 2024 18,597