IRIS Accounts Production v25.1.4.42 SC492426 director 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC492426 2023-12-31 SC492426 2024-12-31 SC492426 2024-01-01 2024-12-31 SC492426 2022-12-31 SC492426 2023-01-01 2023-12-31 SC492426 2023-12-31 SC492426 ns15:Scotland 2024-01-01 2024-12-31 SC492426 ns14:PoundSterling 2024-01-01 2024-12-31 SC492426 ns10:Director1 2024-01-01 2024-12-31 SC492426 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC492426 ns10:SmallEntities 2024-01-01 2024-12-31 SC492426 ns10:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC492426 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 SC492426 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC492426 ns10:FullAccounts 2024-01-01 2024-12-31 SC492426 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 SC492426 ns10:RegisteredOffice 2024-01-01 2024-12-31 SC492426 ns5:CurrentFinancialInstruments 2024-12-31 SC492426 ns5:CurrentFinancialInstruments 2023-12-31 SC492426 ns5:ShareCapital 2024-12-31 SC492426 ns5:ShareCapital 2023-12-31 SC492426 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC492426 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC492426 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-01-01 2024-12-31 SC492426 ns5:PlantMachinery 2024-01-01 2024-12-31 SC492426 ns5:FurnitureFittings 2024-01-01 2024-12-31 SC492426 ns5:MotorVehicles 2024-01-01 2024-12-31 SC492426 ns5:ComputerEquipment 2024-01-01 2024-12-31 SC492426 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-12-31 SC492426 ns5:PlantMachinery 2023-12-31 SC492426 ns5:FurnitureFittings 2023-12-31 SC492426 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-12-31 SC492426 ns5:PlantMachinery 2024-12-31 SC492426 ns5:FurnitureFittings 2024-12-31 SC492426 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-12-31 SC492426 ns5:PlantMachinery 2023-12-31 SC492426 ns5:FurnitureFittings 2023-12-31 SC492426 ns5:MotorVehicles 2023-12-31 SC492426 ns5:ComputerEquipment 2023-12-31 SC492426 ns5:MotorVehicles 2024-12-31 SC492426 ns5:ComputerEquipment 2024-12-31 SC492426 ns5:MotorVehicles 2023-12-31 SC492426 ns5:ComputerEquipment 2023-12-31 SC492426 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 SC492426 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 SC492426 ns5:DeferredTaxation 2023-12-31 SC492426 ns5:DeferredTaxation 2024-01-01 2024-12-31 SC492426 ns5:DeferredTaxation 2024-12-31 SC492426 ns10:OrdinaryShareClass1 2024-12-31 SC492426 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC492426 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 SC492426 1 ns10:Director1 2023-12-31 SC492426 1 ns10:Director1 2022-12-31 SC492426 1 ns10:Director1 2024-01-01 2024-12-31 SC492426 1 ns10:Director1 2023-01-01 2023-12-31 SC492426 1 ns10:Director1 2024-12-31 SC492426 1 ns10:Director1 2023-12-31

REGISTERED NUMBER: SC492426 (Scotland)

| EURO MARQUES MOTOR CO LIMITED |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

EURO MARQUES MOTOR CO LIMITED (REGISTERED NUMBER: SC492426)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Chartered Certified Accountants' Report | 7 |

EURO MARQUES MOTOR CO LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | N J Campbell

| REGISTERED OFFICE: | 1875 Great Western Road

| Glasgow

| G13 2YD

| REGISTERED NUMBER: | SC492426 (Scotland)

| ACCOUNTANTS: | BK Plus Ltd

| 1875 Great Western Road

| Glasgow

| G13 2YD

EURO MARQUES MOTOR CO LIMITED (REGISTERED NUMBER: SC492426)

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 5,276 |  | 7,072 |  |

CURRENT ASSETS

Stocks | 275,171 |  | 370,358 |  |

Debtors | 5 | 153,064 |  | 13,682 |  |

Cash at bank and in hand | 219,788 |  | 190,971 |  |

648,023 |  | 575,011 |  |

CREDITORS

Amounts falling due within one year | 6 | 79,194 |  | 87,683 |  |

NET CURRENT ASSETS | 568,829 |  | 487,328 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 574,105 |  | 494,400 |  |

PROVISIONS FOR LIABILITIES | 7 | 984 |  | 1,206 |  |

NET ASSETS | 573,121 |  | 493,194 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 10 |  | 10 |  |

Retained earnings | 9 | 573,111 |  | 493,184 |  |

SHAREHOLDERS' FUNDS | 573,121 |  | 493,194 |  |

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 director acknowledges his 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.

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 director and authorised for issue on 11 September 2025 and were signed by:

N J Campbell - Director

EURO MARQUES MOTOR CO LIMITED (REGISTERED NUMBER: SC492426)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Euro Marques Motor Co Limited is a private company, limited by shares , registered in Scotland. 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 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.

| Leasehold prop improvements | - | 33% on cost

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 33% on cost

| Computer equipment | - | 33% 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.

| 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 3 (2023 - 3 ) .

EURO MARQUES MOTOR CO LIMITED (REGISTERED NUMBER: SC492426)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | TANGIBLE FIXED ASSETS

| Leasehold |  | Fixtures

| prop |  | Plant and |  | and

| improvements |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 January 2024

| and 31 December 2024 | 4,016 |  | 7,364 |  | 4,580 |  |

| DEPRECIATION

| At 1 January 2024 | 4,016 |  | 5,279 |  | 3,467 |  |

| Charge for year | - |  | 521 |  | 278 |  |

| At 31 December 2024 | 4,016 |  | 5,800 |  | 3,745 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | 1,564 |  | 835 |  |

| At 31 December 2023 | - |  | 2,085 |  | 1,113 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024

| and 31 December 2024 | 8,300 |  | 1,220 |  | 25,480 |  |

| DEPRECIATION

| At 1 January 2024 | 4,798 |  | 848 |  | 18,408 |  |

| Charge for year | 875 |  | 122 |  | 1,796 |  |

| At 31 December 2024 | 5,673 |  | 970 |  | 20,204 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,627 |  | 250 |  | 5,276 |  |

| At 31 December 2023 | 3,502 |  | 372 |  | 7,072 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 16,990 |  | 13,490 |  |

| Directors' current accounts | 135,829 |  | - |  |

| Prepayments and accrued income | 245 |  | 192 |  |

153,064 |  | 13,682 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 10,754 |  | 10,914 |  |

| Corporation tax | 35,262 |  | 18,404 |  |

| Social security and other taxes | 1,092 |  | 1,018 |  |

| VAT | 11,545 |  | 4,439 |  |

| Other creditors | 11,159 |  | 4,364 |  |

| Directors' current accounts | - |  | 38,674 |  |

| Accruals and deferred income | 9,382 |  | 9,870 |  |

79,194 |  | 87,683 |  |

EURO MARQUES MOTOR CO LIMITED (REGISTERED NUMBER: SC492426)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

7. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax | 984 |  | 1,206 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 1,206 |  |

| Credit to Income Statement during year | (222 | ) |

| Balance at 31 December 2024 | 984 |  |

| The provision for deferred tax consists of the tax effect of timing differences in respect of the excess taxation allowance over depreciation on fixed assets.

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 10 | Ordinary | £1 | 10 |  | 10 |  |

9. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | 493,184 |  |

| Profit for the year | 109,927 |  |

| Dividends | (30,000 | ) |

| At 31 December 2024 | 573,111 |  |

10. | OTHER FINANCIAL COMMITMENTS

| At 31 December 2024 the company had an outstanding property lease commitment amounting to £1,200 (2023: £1,200).

11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 | 2023 |

£ | £ |

| N J Campbell

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 135,829 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 135,829 |  | - |  |

| The loan is interest free and repayable on demand.

12. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £30,000 (2023 - £30,000) were paid to the director .

EURO MARQUES MOTOR CO LIMITED (REGISTERED NUMBER: SC492426)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

12. | RELATED PARTY DISCLOSURES - continued

| At 31 December 2023 the director was owed £38,674 by the company. During the year the director made aggregated withdrawals from the company amounting to £174,503. The amount owed by the director to the company at 31 December 2024 was £135,829.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

EURO MARQUES MOTOR CO LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Euro Marques Motor Co Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Euro Marques Motor Co Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Euro Marques Motor Co Limited and state those matters that we have agreed to state to the director of Euro Marques Motor Co Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Euro Marques Motor Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Euro Marques Motor Co Limited. You consider that Euro Marques Motor Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Euro Marques Motor Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BK Plus Ltd

1875 Great Western Road

Glasgow

G13 2YD

11 September 2025