UK Caravans Direct Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06887639 (England and Wales)

UK Caravans Direct Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D R Hodgson

Mr N Hodgson

REGISTERED OFFICE:

Bron Y Wendon Holiday Park

Wern Road

Llandulas

Colwyn Bay

LL22 8HG

REGISTERED NUMBER:

06887639 (England and Wales)

ACCOUNTANTS:

Salisbury & Company

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

FIXED ASSETS

Intangible assets

4

359,276

-

Tangible assets

5

4,428,433

1,167,878

Investments

6

3,134,891

3,134,891

7,922,600

4,302,769

CURRENT ASSETS

Stocks

758,100

405,005

Debtors

7

52,070

361,186

Cash at bank

1,687,217

1,892,889

2,497,387

2,659,080

CREDITORS

Amounts falling due within one year

8

845,405

493,302

NET CURRENT ASSETS

1,651,982

2,165,778

TOTAL ASSETS LESS CURRENT LIABILITIES

9,574,582

6,468,547

CREDITORS

Amounts falling due after more than one year

9

(3,393,058

)

(834,443

)

PROVISIONS FOR LIABILITIES

(25,223

)

(22,929

)

NET ASSETS

6,156,301

5,611,175

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

15,737

19,428

Retained earnings

6,140,464

5,591,647

6,156,301

5,611,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 29 April 2024 and were signed on its behalf by:

Mr N Hodgson - Director

1.	STATUTORY INFORMATION

UK Caravans Direct 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 10 (2022 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

374,995

At 31 July 2023

374,995

AMORTISATION

Amortisation for year

15,719

At 31 July 2023

15,719

NET BOOK VALUE

At 31 July 2023

359,276

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Investment

and

Motor

property

Property

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 August 2022

560,030

500,000

58,912

128,824

1,247,766

Additions

3,269,469

-

16,515

5,800

3,291,784

Disposals

-

-

-

(4,500

)

(4,500

)

At 31 July 2023

3,829,499

500,000

75,427

130,124

4,535,050

DEPRECIATION

At 1 August 2022

-

-

18,214

61,674

79,888

Charge for year

681

-

11,633

17,847

30,161

Eliminated on disposal

-

-

-

(3,432

)

(3,432

)

At 31 July 2023

681

-

29,847

76,089

106,617

NET BOOK VALUE

At 31 July 2023

3,828,818

500,000

45,580

54,035

4,428,433

At 31 July 2022

560,030

500,000

40,698

67,150

1,167,878

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2022

and 31 July 2023

3,134,891

NET BOOK VALUE

At 31 July 2023

3,134,891

At 31 July 2022

3,134,891

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

1,605

3,528

Amounts owed by group undertakings

28,386

328,898

Other debtors

22,079

28,760

52,070

361,186

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

358,000

125,000

Hire purchase contracts

-

1,067

Trade creditors

28,192

27,012

Amounts owed to group undertakings

278,601

-

Amounts owed to participating interests

60,454

64,780

Taxation and social security

62,995

263,535

Other creditors

57,163

11,908

845,405

493,302

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

3,393,058

834,443

10.

RESERVES

Fair

value

reserve

£

At 1 August 2022

19,428

Deferred tax movement

(3,691

)

At 31 July 2023

15,737