2023-04-012024-03-312024-03-31false07440479PRO-MOTO EUROPE LTD2024-11-27iso4217:GBPxbrli:pure074404792023-04-01074404792024-03-31074404792023-04-012024-03-31074404792022-04-01074404792023-03-31074404792022-04-012023-03-3107440479bus:SmallEntities2023-04-012024-03-3107440479bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3107440479bus:FullAccounts2023-04-012024-03-3107440479bus:PrivateLimitedCompanyLtd2023-04-012024-03-3107440479core:WithinOneYear2024-03-3107440479core:AfterOneYear2024-03-3107440479core:WithinOneYear2023-03-3107440479core:AfterOneYear2023-03-3107440479core:ShareCapital2024-03-3107440479core:SharePremium2024-03-3107440479core:RevaluationReserve2024-03-3107440479core:OtherReservesSubtotal2024-03-3107440479core:RetainedEarningsAccumulatedLosses2024-03-3107440479core:ShareCapital2023-03-3107440479core:SharePremium2023-03-3107440479core:RevaluationReserve2023-03-3107440479core:OtherReservesSubtotal2023-03-3107440479core:RetainedEarningsAccumulatedLosses2023-03-3107440479core:LandBuildings2024-03-3107440479core:PlantMachinery2024-03-3107440479core:Vehicles2024-03-3107440479core:FurnitureFittings2024-03-3107440479core:OfficeEquipment2024-03-3107440479core:NetGoodwill2024-03-3107440479core:IntangibleAssetsOtherThanGoodwill2024-03-3107440479core:ListedExchangeTraded2024-03-3107440479core:UnlistedNon-exchangeTraded2024-03-3107440479core:LandBuildings2023-03-3107440479core:PlantMachinery2023-03-3107440479core:Vehicles2023-03-3107440479core:FurnitureFittings2023-03-3107440479core:OfficeEquipment2023-03-3107440479core:NetGoodwill2023-03-3107440479core:IntangibleAssetsOtherThanGoodwill2023-03-3107440479core:ListedExchangeTraded2023-03-3107440479core:UnlistedNon-exchangeTraded2023-03-3107440479core:LandBuildings2023-04-012024-03-3107440479core:PlantMachinery2023-04-012024-03-3107440479core:Vehicles2023-04-012024-03-3107440479core:FurnitureFittings2023-04-012024-03-3107440479core:OfficeEquipment2023-04-012024-03-3107440479core:NetGoodwill2023-04-012024-03-3107440479core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107440479core:ListedExchangeTraded2023-04-012024-03-3107440479core:UnlistedNon-exchangeTraded2023-04-012024-03-3107440479core:MoreThanFiveYears2023-04-012024-03-3107440479core:Non-currentFinancialInstruments2024-03-3107440479core:Non-currentFinancialInstruments2023-03-3107440479dpl:CostSales2023-04-012024-03-3107440479dpl:DistributionCosts2023-04-012024-03-3107440479core:LandBuildings2023-04-012024-03-3107440479core:PlantMachinery2023-04-012024-03-3107440479core:Vehicles2023-04-012024-03-3107440479core:FurnitureFittings2023-04-012024-03-3107440479core:OfficeEquipment2023-04-012024-03-3107440479dpl:AdministrativeExpenses2023-04-012024-03-3107440479core:NetGoodwill2023-04-012024-03-3107440479core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107440479dpl:GroupUndertakings2023-04-012024-03-3107440479dpl:ParticipatingInterests2023-04-012024-03-3107440479dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3107440479core:ListedExchangeTraded2023-04-012024-03-3107440479dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3107440479core:UnlistedNon-exchangeTraded2023-04-012024-03-3107440479dpl:CostSales2022-04-012023-03-3107440479dpl:DistributionCosts2022-04-012023-03-3107440479core:LandBuildings2022-04-012023-03-3107440479core:PlantMachinery2022-04-012023-03-3107440479core:Vehicles2022-04-012023-03-3107440479core:FurnitureFittings2022-04-012023-03-3107440479core:OfficeEquipment2022-04-012023-03-3107440479dpl:AdministrativeExpenses2022-04-012023-03-3107440479core:NetGoodwill2022-04-012023-03-3107440479core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107440479dpl:GroupUndertakings2022-04-012023-03-3107440479dpl:ParticipatingInterests2022-04-012023-03-3107440479dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107440479core:ListedExchangeTraded2022-04-012023-03-3107440479dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107440479core:UnlistedNon-exchangeTraded2022-04-012023-03-3107440479core:NetGoodwill2024-03-3107440479core:IntangibleAssetsOtherThanGoodwill2024-03-3107440479core:LandBuildings2024-03-3107440479core:PlantMachinery2024-03-3107440479core:Vehicles2024-03-3107440479core:FurnitureFittings2024-03-3107440479core:OfficeEquipment2024-03-3107440479core:AfterOneYear2024-03-3107440479core:WithinOneYear2024-03-3107440479core:ListedExchangeTraded2024-03-3107440479core:UnlistedNon-exchangeTraded2024-03-3107440479core:ShareCapital2024-03-3107440479core:SharePremium2024-03-3107440479core:RevaluationReserve2024-03-3107440479core:OtherReservesSubtotal2024-03-3107440479core:RetainedEarningsAccumulatedLosses2024-03-3107440479core:NetGoodwill2023-03-3107440479core:IntangibleAssetsOtherThanGoodwill2023-03-3107440479core:LandBuildings2023-03-3107440479core:PlantMachinery2023-03-3107440479core:Vehicles2023-03-3107440479core:FurnitureFittings2023-03-3107440479core:OfficeEquipment2023-03-3107440479core:AfterOneYear2023-03-3107440479core:WithinOneYear2023-03-3107440479core:ListedExchange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PRO-MOTO EUROPE LTD

Registered Number
07440479
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

PRO-MOTO EUROPE LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Eliot Smith
Tania Smith

Registered Address

Unit 4 Ldl Business Centre
Station Road West
Ash Vale
GU12 5RT

Registered Number

07440479 (England and Wales)
PRO-MOTO EUROPE LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets376,88585,660
76,88585,660
Current assets
Debtors4206,209163,185
Cash at bank and on hand275,706335,000
481,915498,185
Creditors amounts falling due within one year5(100,842)(196,415)
Net current assets (liabilities)381,073301,770
Total assets less current liabilities457,958387,430
Provisions for liabilities6(7,796)(12,441)
Net assets450,162374,989
Capital and reserves
Called up share capital22
Profit and loss account450,160374,987
Shareholders' funds450,162374,989
The financial statements were approved and authorised for issue by the Board of Directors on 27 November 2024, and are signed on its behalf by:
Eliot Smith
Director
Tania Smith
Director

Registered Company No. 07440479
PRO-MOTO EUROPE LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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 rendering of services.
Revenue from rendering of services
Revenue 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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings-20
Plant and machinery20-
Vehicles25-
Office Equipment25-
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 April 2313,19615,980117,3985,693152,267
Additions--18,331-18,331
At 31 March 2413,19615,980135,7295,693170,598
Depreciation and impairment
At 01 April 238,4439,13647,6051,42366,607
Charge for year2,6391,36922,0311,06727,106
At 31 March 2411,08210,50569,6362,49093,713
Net book value
At 31 March 242,1145,47566,0933,20376,885
At 31 March 234,7536,84469,7934,27085,660
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables103,803151,837
Other debtors100,0004,196
Prepayments and accrued income2,4067,152
Total206,209163,185
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security81,72589,790
Other creditors19,117106,625
Total100,842196,415
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)7,79612,441
Total7,79612,441