Company Registration No. 12243009 (England and Wales)
EAST MIDLANDS MOTORS LIMITED
Unaudited accounts
for the year ended 31 October 2024
EAST MIDLANDS MOTORS LIMITED
Unaudited accounts
Contents
EAST MIDLANDS MOTORS LIMITED
Company Information
for the year ended 31 October 2024
Company Number
12243009 (England and Wales)
Registered Office
UNIT 4, BLOCK 1, HALLAM WAY
MANSFIELD WOODHOUSE
NG19 9BG
ENGLAND
Accountants
BFS Accountants Ltd
Ransom Hall, Ransom Wood Business Park
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ
EAST MIDLANDS MOTORS LIMITED
Statement of financial position
as at 31 October 2024
Inventories
112,975
112,975
Cash at bank and in hand
(2,020)
13,761
Creditors: amounts falling due within one year
(49,187)
(50,026)
Net current assets
73,328
78,043
Total assets less current liabilities
73,801
78,905
Creditors: amounts falling due after more than one year
(22,538)
(37,717)
Called up share capital
1
1
Profit and loss account
51,262
41,187
Shareholders' funds
51,263
41,188
For the year ending 31 October 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 her 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 16 June 2025 and were signed on its behalf by
Jennifer Horgan
Director
Company Registration No. 12243009
EAST MIDLANDS MOTORS LIMITED
Notes to the Accounts
for the year ended 31 October 2024
EAST MIDLANDS MOTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12243009. The registered office is UNIT 4, BLOCK 1, HALLAM WAY, MANSFIELD WOODHOUSE, NG19 9BG, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2023
3,245
3,200
6,445
At 31 October 2024
3,508
3,200
6,708
At 1 November 2023
2,383
3,200
5,583
Charge for the year
652
-
652
At 31 October 2024
3,035
3,200
6,235
At 31 October 2024
473
-
473
At 31 October 2023
862
-
862
EAST MIDLANDS MOTORS LIMITED
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,555
7,203
Taxes and social security
10,632
7,032
Loans from directors
31,865
31,742
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).