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REGISTERED NUMBER: 03654349 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ELECTROMOBILE LIMITED

ELECTROMOBILE LIMITED (REGISTERED NUMBER: 03654349)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELECTROMOBILE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr J E Burroughs
Mr G C Moore





SECRETARY: Mr J E Burroughs





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 03654349 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

ELECTROMOBILE LIMITED (REGISTERED NUMBER: 03654349)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 334,966 315,293

CURRENT ASSETS
Stock 5 5,007 2,006
Debtors 6 55,471 30,355
Cash at bank 38,580 12,373
99,058 44,734
CREDITORS
Amounts falling due within one year 7 231,173 174,044
NET CURRENT LIABILITIES (132,115 ) (129,310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,851

185,983

CREDITORS
Amounts falling due after more than one
year

8

(23,777

)

-

PROVISIONS FOR LIABILITIES (11,307 ) (7,414 )
NET ASSETS 167,767 178,569

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 167,765 178,567
SHAREHOLDERS' FUNDS 167,767 178,569

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ELECTROMOBILE LIMITED (REGISTERED NUMBER: 03654349)

BALANCE SHEET - continued
31 DECEMBER 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 29 June 2025 and were signed on its behalf by:





Mr G C Moore - Director


ELECTROMOBILE LIMITED (REGISTERED NUMBER: 03654349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Electromobile 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Tools & equipment - 20% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

ELECTROMOBILE LIMITED (REGISTERED NUMBER: 03654349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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 year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Tools & Office
property equipment equipment
£    £    £   
COST
At 1 January 2024 262,663 21,327 1,837
Additions - 905 -
Disposals - (453 ) (165 )
At 31 December 2024 262,663 21,779 1,672
DEPRECIATION
At 1 January 2024 - 17,810 1,198
Charge for year - 865 122
Eliminated on disposal - (366 ) (138 )
At 31 December 2024 - 18,309 1,182
NET BOOK VALUE
At 31 December 2024 262,663 3,470 490
At 31 December 2023 262,663 3,517 639

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 138,390 18,028 442,245
Additions 39,199 3,947 44,051
Disposals - (4,383 ) (5,001 )
At 31 December 2024 177,589 17,592 481,295
DEPRECIATION
At 1 January 2024 95,335 12,609 126,952
Charge for year 20,564 2,222 23,773
Eliminated on disposal - (3,892 ) (4,396 )
At 31 December 2024 115,899 10,939 146,329
NET BOOK VALUE
At 31 December 2024 61,690 6,653 334,966
At 31 December 2023 43,055 5,419 315,293

ELECTROMOBILE LIMITED (REGISTERED NUMBER: 03654349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 39,199
At 31 December 2024 39,199
DEPRECIATION
Charge for year 9,800
At 31 December 2024 9,800
NET BOOK VALUE
At 31 December 2024 29,399

5. STOCK
2024 2023
£    £   
Stock 5,007 2,006

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,511 22,561
Other debtors 340 1,340
Prepayments 8,620 6,454
55,471 30,355

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,264 -
Trade creditors 31,279 11,420
Social security & other taxes 15,440 8,548
Corporation tax 9,040 9,291
Directors' current accounts 161,553 136,667
Other creditors 2,100 5,563
Accruals & deferred income 4,497 2,555
231,173 174,044

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 23,777 -