REGISTERED NUMBER: SC492426 (Scotland)

EURO MARQUES MOTOR CO LIMITED

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

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

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

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 ) .

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

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 .

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.

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