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REGISTERED NUMBER: 08126921 (England and Wales)















P & S CARAVANS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST AUGUST 2020 TO 29TH JULY 2021






P & S CARAVANS LIMITED (REGISTERED NUMBER: 08126921)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST AUGUST 2020 TO 29TH JULY 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


P & S CARAVANS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST AUGUST 2020 TO 29TH JULY 2021







DIRECTORS: P Davies
S R Bumford





SECRETARY: P Davies





REGISTERED OFFICE: 12 New Street
Pwll Y Pant
Caerphilly
CF83 2NN





REGISTERED NUMBER: 08126921 (England and Wales)





ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF

P & S CARAVANS LIMITED (REGISTERED NUMBER: 08126921)

BALANCE SHEET
29TH JULY 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,839 17,992

CURRENT ASSETS
Debtors 5 2,518 10,280
Cash at bank 39,420 7,872
41,938 18,152
CREDITORS
Amounts falling due within one year 6 61,001 71,017
NET CURRENT LIABILITIES (19,063 ) (52,865 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,224

)

(34,873

)

PROVISIONS FOR LIABILITIES 7 1,109 2,779
NET LIABILITIES (14,333 ) (37,652 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (14,335 ) (37,654 )
(14,333 ) (37,652 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29th July 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 29th July 2021 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 6th September 2022 and were signed on its behalf by:



P Davies - Director


P & S CARAVANS LIMITED (REGISTERED NUMBER: 08126921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST AUGUST 2020 TO 29TH JULY 2021

1. STATUTORY INFORMATION

P & S 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.

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.

Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% straight line

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2020 - 2 ) .

P & S CARAVANS LIMITED (REGISTERED NUMBER: 08126921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST AUGUST 2020 TO 29TH JULY 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2020 151,001
Disposals (96,595 )
At 29th July 2021 54,406
DEPRECIATION
At 1st August 2020 133,009
Charge for period 1,946
Eliminated on disposal (86,388 )
At 29th July 2021 48,567
NET BOOK VALUE
At 29th July 2021 5,839
At 31st July 2020 17,992

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 2,518 10,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 3,881 20,953
Taxation and social security 597 1,083
Other creditors 56,523 48,981
61,001 71,017

7. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 1,109 2,779

Deferred
tax
£   
Balance at 1st August 2020 2,779
Credit to Income Statement during period (1,670 )
Balance at 29th July 2021 1,109

P & S CARAVANS LIMITED (REGISTERED NUMBER: 08126921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST AUGUST 2020 TO 29TH JULY 2021

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 29th July 2021 and the year ended 31st July 2020:

2021 2020
£    £   
S R Bumford
Balance outstanding at start of period (18,087 ) (16,491 )
Amounts advanced - 404
Amounts repaid (4,065 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (22,152 ) (18,087 )

P Davies
Balance outstanding at start of period (28,844 ) (27,975 )
Amounts advanced - 904
Amounts repaid (4,827 ) (1,773 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (33,671 ) (28,844 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

The ultimate controlling party is the directors.