Great Yarmouth Caravans Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00920592 (England and Wales)

Unaudited Financial Statements For The Year Ended 31st December 2020

for

Great Yarmouth Caravans Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

S R Day

SECRETARY:

Mrs J E Day

REGISTERED OFFICE:

c/o Aston Shaw

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

REGISTERED NUMBER:

00920592 (England and Wales)

ACCOUNTANTS:

Aston Shaw Ltd

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

FIXED ASSETS

Tangible assets

4

-

405,468

CURRENT ASSETS

Stocks

-

622,918

Debtors

5

682,675

40,551

Cash at bank

1,151,388

845,297

1,834,063

1,508,766

CREDITORS

Amounts falling due within one year

6

43,819

395,861

NET CURRENT ASSETS

1,790,244

1,112,905

TOTAL ASSETS LESS CURRENT LIABILITIES

1,790,244

1,518,373

PROVISIONS FOR LIABILITIES

-

14,045

NET ASSETS

1,790,244

1,504,328

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,789,244

1,503,328

1,790,244

1,504,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 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 26th February 2021 and were signed by:

S R Day - Director

1.	STATUTORY INFORMATION

Great Yarmouth Caravans Limited 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2019 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2020

446,987

382,654

829,641

Disposals

(446,987

)

(382,654

)

(829,641

)

At 31st December 2020

-

-

-

DEPRECIATION

At 1st January 2020

115,440

308,733

424,173

Eliminated on disposal

(115,440

)

(308,733

)

(424,173

)

At 31st December 2020

-

-

-

NET BOOK VALUE

At 31st December 2020

-

-

-

At 31st December 2019

331,547

73,921

405,468

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/20

31/12/19

£

£

Trade debtors

23,311

21,289

Other debtors

659,364

19,262

682,675

40,551

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/20

31/12/19

£

£

Payments on account

-

31,073

Trade creditors

14,892

228,869

Taxation and social security

16,410

31,661

Other creditors

12,517

104,258

43,819

395,861

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2020 and 31st December 2019:

31/12/20

31/12/19

£

£

S R Day

Balance outstanding at start of year

(81,696

)

(24,262

)

Amounts advanced

842,836

45,197

Amounts repaid

(102,969

)

(102,631

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

658,171

(81,696

)

8.	POST BALANCE SHEET EVENTS

It is intended to formally wind up and dissolve the company in 2021 by means of a Members Voluntary Liquidation.

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2020 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Aston Shaw Ltd

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

3rd March 2021