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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
Page
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EAST MIDLANDS MOTORS LIMITED Company Information for the year ended 31 October 2024
Director
Jennifer Horgan
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
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EAST MIDLANDS MOTORS LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
473 
862 
Current assets
Inventories
112,975 
112,975 
Debtors
11,560 
1,333 
Cash at bank and in hand
(2,020)
13,761 
122,515 
128,069 
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)
Net assets
51,263 
41,188 
Capital and reserves
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
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EAST MIDLANDS MOTORS LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
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.
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 
Additions
263 
- 
263 
At 31 October 2024
3,508 
3,200 
6,708 
Depreciation
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 
Net book value
At 31 October 2024
473 
- 
473 
At 31 October 2023
862 
- 
862 
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EAST MIDLANDS MOTORS LIMITED Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,560 
1,333 
Amounts falling due after more than one year
Other debtors
5,000 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,135 
4,049 
Trade creditors
3,555 
7,203 
Taxes and social security
10,632 
7,032 
Loans from directors
31,865 
31,742 
49,187 
50,026 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,538 
37,717 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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