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Company Registration No. 12189189 (England and Wales)
EURO MOTORING LIMITED Unaudited accounts for the year ended 30 September 2024
EURO MOTORING LIMITED Unaudited accounts Contents
Page
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EURO MOTORING LIMITED Company Information for the year ended 30 September 2024
Director
David Griffiths
Company Number
12189189 (England and Wales)
Registered Office
14 LEDBURY CLOSE REDDITCH B98 0BS UNITED KINGDOM
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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EURO MOTORING LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,154 
13,731 
Tangible assets
420 
686 
9,574 
14,417 
Current assets
Inventories
3,800 
1,722 
Debtors
145 
2,645 
Cash at bank and in hand
566 
2,367 
4,511 
6,734 
Creditors: amounts falling due within one year
(5,038)
(2,752)
Net current (liabilities)/assets
(527)
3,982 
Net assets
9,047 
18,399 
Capital and reserves
Called up share capital
24,000 
24,000 
Profit and loss account
(14,953)
(5,601)
Shareholders' funds
9,047 
18,399 
For the year ending 30 September 2024 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 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 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 December 2024 and were signed on its behalf by
David Griffiths Director Company Registration No. 12189189
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EURO MOTORING LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
EURO MOTORING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12189189. The registered office is 14 LEDBURY CLOSE, REDDITCH, B98 0BS, UNITED KINGDOM.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
25% Straight Line Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
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EURO MOTORING LIMITED Notes to the Accounts for the year ended 30 September 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2023
22,885 
At 30 September 2024
22,885 
Amortisation
At 1 October 2023
9,154 
Charge for the year
4,577 
At 30 September 2024
13,731 
Net book value
At 30 September 2024
9,154 
At 30 September 2023
13,731 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2023
1,064 
At 30 September 2024
1,064 
Depreciation
At 1 October 2023
378 
Charge for the year
266 
At 30 September 2024
644 
Net book value
At 30 September 2024
420 
At 30 September 2023
686 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
145 
2,645 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
673 
672 
Loans from directors
3,405 
10 
Accruals
960 
2,070 
5,038 
2,752 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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