REGISTERED NUMBER: 07440300 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EAB CLASSIC CARS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E A Butcher

Mrs V Butcher

REGISTERED OFFICE:

Trespassers Will

Causeway End

Felsted

Essex

CM6 3EY

REGISTERED NUMBER:

07440300 (England and Wales)

ACCOUNTANTS:

Wilson Devenish

67 Newland Street

Witham

Essex

CM8 1AA

FIXED ASSETS

Tangible assets

4

24,132

6,770

CURRENT ASSETS

Debtors

5

1,845

30,162

Cash at bank

63,852

56,658

65,697

86,820

CREDITORS

Amounts falling due within one year

6

29,978

39,565

NET CURRENT ASSETS

35,719

47,255

TOTAL ASSETS LESS CURRENT LIABILITIES

59,851

54,025

PROVISIONS FOR LIABILITIES

4,585

1,286

NET ASSETS

55,266

52,739

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

55,166

52,639

SHAREHOLDERS' FUNDS

55,266

52,739

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 directors acknowledge their 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 Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

Mrs V Butcher - Director

1.	STATUTORY INFORMATION

EAB Classic Cars Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

21,390

17,988

2,031

41,409

Additions

-

26,495

1,177

27,672

Disposals

-

(17,988

)

-

(17,988

)

At 31 December 2024

21,390

26,495

3,208

51,093

DEPRECIATION

At 1 January 2024

18,036

15,726

877

34,639

Charge for year

840

6,624

584

8,048

Eliminated on disposal

-

(15,726

)

-

(15,726

)

At 31 December 2024

18,876

6,624

1,461

26,961

NET BOOK VALUE

At 31 December 2024

2,514

19,871

1,747

24,132

At 31 December 2023

3,354

2,262

1,154

6,770

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

162

6,947

Other debtors

1,683

23,215

1,845

30,162

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,159

870

Taxation and social security

12,014

10,143

Other creditors

16,805

28,552

29,978

39,565

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors was an amount of £14,370 owed to Mr & Mrs Butcher, directors of the company. This interest free loan was under no formal terms.