Company Registration No. 11726872 (England and Wales)
Euromota Limited
Unaudited accounts
for the year ended 31 December 2024
Euromota Limited
Unaudited accounts
Contents
Euromota Limited
Company Information
for the year ended 31 December 2024
Company Number
11726872 (England and Wales)
Registered Office
3 Grace Drive
Kinsley
Pontefract
West Yorkshire
WF9 5NR
United Kingdom
Accountants
PHA Accountants Limited
Timsons Business Centre
Bath Road
Kettering
Northamptonshire
NN16 8NQ
Euromota Limited
Statement of financial position
as at 31 December 2024
Tangible assets
1,229
7,904
Cash at bank and in hand
1,523
2,128
Creditors: amounts falling due within one year
(60,048)
(46,346)
Net current assets/(liabilities)
6,504
(6,233)
Total assets less current liabilities
7,733
1,671
Creditors: amounts falling due after more than one year
(6,796)
(8,973)
Provisions for liabilities
Net assets/(liabilities)
704
(8,804)
Called up share capital
2
2
Profit and loss account
702
(8,806)
Shareholders' funds
704
(8,804)
For the year ending 31 December 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 his 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 2 April 2025 and were signed on its behalf by
George Nyalo
Director
Company Registration No. 11726872
Euromota Limited
Notes to the Accounts
for the year ended 31 December 2024
Euromota Limited is a private company, limited by shares, registered in England and Wales, registration number 11726872. The registered office is 3 Grace Drive, Kinsley, Pontefract, West Yorkshire, WF9 5NR, United Kingdom.
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.
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
20% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Euromota Limited
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Other debtors
41,208
37,985
Amounts falling due after more than one year
Accrued income and prepayments
3,670
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,274
4,181
Trade creditors
6,115
10,992
Taxes and social security
25,966
14,213
Other creditors
2,539
5,749
Euromota Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024
2023
At the balance sheet date, the Director owed the Company £41,208 (2023: £28,400) in relation to his Director Loan balance.
9
Transactions with related parties
During the year, the dividends of £14,200 (2023: Nil) were paid to the Director.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).