IRIS Accounts Production v24.3.2.46 08096635 Board of Directors 1.9.23 31.7.24 31.7.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080966352023-08-31080966352024-07-31080966352023-09-012024-07-31080966352022-08-31080966352022-09-012023-08-31080966352023-08-3108096635ns15:EnglandWales2023-09-012024-07-3108096635ns14:PoundSterling2023-09-012024-07-3108096635ns10:Director12023-09-012024-07-3108096635ns10:PrivateLimitedCompanyLtd2023-09-012024-07-3108096635ns10:SmallEntities2023-09-012024-07-3108096635ns10:AuditExempt-NoAccountantsReport2023-09-012024-07-3108096635ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-07-3108096635ns10:SmallCompaniesRegimeForAccounts2023-09-012024-07-3108096635ns10:FullAccounts2023-09-012024-07-310809663512023-09-012024-07-3108096635ns10:Director22023-09-012024-07-3108096635ns10:Director32023-09-012024-07-3108096635ns10:RegisteredOffice2023-09-012024-07-3108096635ns5:CurrentFinancialInstruments2024-07-3108096635ns5:CurrentFinancialInstruments2023-08-3108096635ns5:Non-currentFinancialInstruments2024-07-3108096635ns5:Non-currentFinancialInstruments2023-08-3108096635ns5:ShareCapital2024-07-3108096635ns5:ShareCapital2023-08-3108096635ns5:RetainedEarningsAccumulatedLosses2024-07-3108096635ns5:RetainedEarningsAccumulatedLosses2023-08-3108096635ns5:NetGoodwill2023-09-012024-07-3108096635ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-07-3108096635ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-012024-07-3108096635ns5:LeaseholdImprovements2023-09-012024-07-3108096635ns5:PlantMachinery2023-09-012024-07-3108096635ns5:ComputerEquipment2023-09-012024-07-3108096635ns5:NetGoodwill2023-08-3108096635ns5:NetGoodwill2024-07-3108096635ns5:NetGoodwill2023-08-3108096635ns5:LandBuildings2023-08-3108096635ns5:PlantMachinery2023-08-3108096635ns5:LandBuildings2023-09-012024-07-3108096635ns5:LandBuildings2024-07-3108096635ns5:PlantMachinery2024-07-3108096635ns5:LandBuildings2023-08-3108096635ns5:PlantMachinery2023-08-3108096635ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3108096635ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3108096635ns5:BetweenOneFiveYears2024-07-3108096635ns5:BetweenOneFiveYears2023-08-3108096635ns5:Secured2024-07-3108096635ns5:Secured2023-08-3108096635ns5:DeferredTaxation2023-08-3108096635ns5:DeferredTaxation2023-09-012024-07-3108096635ns5:DeferredTaxation2024-07-31
REGISTERED NUMBER: 08096635 (England and Wales)















E S MOTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2023 TO 31 JULY 2024






E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 September 2023 to 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E S MOTORS LIMITED

COMPANY INFORMATION
for the period 1 September 2023 to 31 July 2024







DIRECTORS: Mr E Saccoccio
Mrs M E Saccoccio
Mr R M Saccoccio





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 08096635 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 104,000 117,000
Tangible assets 5 764,326 518,305
868,326 635,305

CURRENT ASSETS
Stocks 140,310 172,189
Debtors 6 28,299 40,766
Cash at bank and in hand 19,108 40,132
187,717 253,087
CREDITORS
Amounts falling due within one year 7 (347,174 ) (335,222 )
NET CURRENT LIABILITIES (159,457 ) (82,135 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

708,869

553,170

CREDITORS
Amounts falling due after more than one
year

8

(344,375

)

(205,493

)

PROVISIONS FOR LIABILITIES 11 (16,800 ) (17,864 )
NET ASSETS 347,694 329,813

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 347,594 329,713
SHAREHOLDERS' FUNDS 347,694 329,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 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.

E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

BALANCE SHEET - continued
31 July 2024


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 20 March 2025 and were signed on its behalf by:





Mr R M Saccoccio - Director


E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 September 2023 to 31 July 2024


1. STATUTORY INFORMATION

E S Motors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised on the supply of goods or services to the customer, net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the property
Improvements to property - 10% on cost
Plant and machinery - 10% on reducing balance
Computer equipment - 20% on cost

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

E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 September 2023 to 31 July 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, finance leases and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation
Taxation for the period 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 period 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.

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 period was 26 (2023 - 20 ) .

E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 September 2023 to 31 July 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 July 2024 260,000
AMORTISATION
At 1 September 2023 143,000
Charge for period 13,000
At 31 July 2024 156,000
NET BOOK VALUE
At 31 July 2024 104,000
At 31 August 2023 117,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 484,006 126,321 610,327
Additions 261,894 2,579 264,473
At 31 July 2024 745,900 128,900 874,800
DEPRECIATION
At 1 September 2023 45,435 46,587 92,022
Charge for period 9,399 9,053 18,452
At 31 July 2024 54,834 55,640 110,474
NET BOOK VALUE
At 31 July 2024 691,066 73,260 764,326
At 31 August 2023 438,571 79,734 518,305

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,313 7,193
Other debtors 14,986 33,573
28,299 40,766

E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 September 2023 to 31 July 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,807 79,122
Trade creditors 159,831 136,841
Taxation and social security 135,033 101,680
Other creditors 15,503 17,579
347,174 335,222

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 171,502 205,493
Other creditors 172,873 -
344,375 205,493

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 111,222 112,350
Other loans more 5 yrs 172,873 -
284,095 112,350

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 58,333 93,333

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 39,500
Bank loans 208,309 245,115
Other loans 172,873 -
381,182 284,615

The Bounce Back Loan is secured under government backed initiatives.

The bank loans and other loans are secured against property.

E S MOTORS LIMITED (REGISTERED NUMBER: 08096635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 September 2023 to 31 July 2024


11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,800 17,864

Deferred
tax
£   
Balance at 1 September 2023 17,864
Credit to Income Statement during period (1,064 )
Balance at 31 July 2024 16,800

12. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £5,805 (2023: £5,911) were outstanding at the year end.Loans will be repaid when funds permit.