Registered number
01267498
Camel Vale Motor Club Limited
(A Company not having Share Capital)
Unaudited Filleted Accounts
31 December 2021
Camel Vale Motor Club Limited
Registered number: 01267498
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 2,120 2,261
Current assets
Stocks 495 548
Debtors 4 321 321
Cash at bank and in hand 59,678 53,868
60,494 54,737
Creditors: amounts falling due within one year 5 (2,811) (2,762)
Net current assets 57,683 51,975
Net assets 59,803 54,236
Capital and reserves
Profit and loss account 59,803 54,236
Shareholders' funds 59,803 54,236
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Barnett
Director
Approved by the board on 4 April 2022
Camel Vale Motor Club Limited
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The Coronavirus pandemic has led to widespread economic shocks and lockdowns have meant a fall in activities. The committee are satisfied that the impact of the pandemic is not an adjusting post balance sheet event. After due consideration, the committee is satisfied that it is appropriate that the accounts have been prepared on the going concern basis due to the amount of reserves.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to participation in the daily events.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 10% reducing balance
Trophies 2% reducing balance
Plant and machinery 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Debtors
Short term debtors are measured at transaction price.
Creditors
Short term creditors are measured at transaction price.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Equipment
£
Cost
At 1 January 2021 9,709
Disposals (1,250)
At 31 December 2021 8,459
Depreciation
At 1 January 2021 7,448
Charge for the year 121
On disposals (1,230)
At 31 December 2021 6,339
Net book value
At 31 December 2021 2,120
At 31 December 2020 2,261
4 Debtors 2021 2020
£ £
Prepayments and accrued income 321 321
5 Creditors: amounts falling due within one year 2021 2020
£ £
Corporation Tax 2 2
Accruals and deferred income 2,809 2,760
2,811 2,762
6 Other information
Camel Vale Motor Club Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Trudgeon Halling
The Platt
Wadebridge
Cornwall
PL27 7AE
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