Company registration number 04446508 (England and Wales)
EMBLEM SPORTS CARS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2025
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
EMBLEM SPORTS CARS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
EMBLEM SPORTS CARS LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
70,112
80,519
Current assets
Stocks
50,079
49,677
Debtors
5
47,832
60,480
Cash at bank and in hand
54,338
54,887
152,249
165,044
Creditors: amounts falling due within one year
6
(108,879)
(125,857)
Net current assets
43,370
39,187
Total assets less current liabilities
113,482
119,706
Creditors: amounts falling due after more than one year
7
(2,654)
(13,094)
Provisions for liabilities
(8,805)
(11,077)
Net assets
102,023
95,535
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
101,923
95,435
Total equity
102,023
95,535
EMBLEM SPORTS CARS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

For the financial year ended 31 May 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 July 2025 and are signed on its behalf by:
Mr M P R Aldous
Mr T B C Bate
Director
Director
Company registration number 04446508 (England and Wales)
EMBLEM SPORTS CARS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2025
31 May 2025
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Emblem Sports Cars Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Brackley Close, Bournemouth International Airport, Christchurch, Dorset, BH23 6SE.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

2.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
20 years straight line
Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance
Computers
33.33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

EMBLEM SPORTS CARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2
Accounting policies
(Continued)
- 4 -
2.4
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

2.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2.6
Financial instruments
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2.7
Taxation
Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

2.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
6
EMBLEM SPORTS CARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 June 2024
36,824
139,590
122,651
12,841
18,245
330,151
Additions
-
0
-
0
800
1,492
-
0
2,292
Disposals
-
0
(5,682)
(3,200)
(2,418)
-
0
(11,300)
At 31 May 2025
36,824
133,908
120,251
11,915
18,245
321,143
Depreciation and impairment
At 1 June 2024
3,682
115,283
102,414
12,145
16,108
249,632
Depreciation charged in the year
1,841
3,215
3,117
861
534
9,568
Eliminated in respect of disposals
-
0
(2,811)
(2,940)
(2,418)
-
0
(8,169)
At 31 May 2025
5,523
115,687
102,591
10,588
16,642
251,031
Carrying amount
At 31 May 2025
31,301
18,221
17,660
1,327
1,603
70,112
At 31 May 2024
33,142
24,307
20,237
696
2,137
80,519
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
41,591
52,201
Other debtors
6,241
8,279
47,832
60,480
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,440
10,182
Trade creditors
29,799
62,590
Corporation tax
24,447
11,730
Other taxation and social security
23,085
20,105
Other creditors
21,108
21,250
108,879
125,857
EMBLEM SPORTS CARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,654
13,094
8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Within one year
43,000
43,000
Between two and five years
89,583
132,583
132,583
175,583
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