Registered number
03192598
The Caravan Clinic Limited
Filleted Accounts
31 January 2023
The Caravan Clinic Limited
Registered number: 03192598
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,990 8,881
Current assets
Stocks 12,000 12,000
Debtors 4 33,795 46,141
Cash at bank and in hand 45,002 54,102
90,797 112,243
Creditors: amounts falling due within one year 5 (52,461) (71,746)
Net current assets 38,336 40,497
Total assets less current liabilities 45,326 49,378
Provisions for liabilities (1,328) (1,687)
Net assets 43,998 47,691
Capital and reserves
Called up share capital 49 49
Profit and loss account 43,949 47,642
Shareholders' funds 43,998 47,691
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.
D S McPherson
Director
Approved by the board on 17 August 2023
The Caravan Clinic Limited
Notes to the Accounts
for the year ended 31 January 2023
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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 the stage of completion of the contract.
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 as follows:
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price.The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. .
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2022 19,093 17,645 36,738
At 31 January 2023 19,093 17,645 36,738
Depreciation
At 1 February 2022 15,795 12,062 27,857
Charge for the year 495 1,396 1,891
At 31 January 2023 16,290 13,458 29,748
Net book value
At 31 January 2023 2,803 4,187 6,990
At 31 January 2022 3,298 5,583 8,881
4 Debtors 2023 2022
£ £
Trade debtors 25,357 34,857
Other debtors 8,438 11,284
33,795 46,141
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 13,951 25,629
Taxation and social security costs 37,214 38,283
Other creditors 1,296 7,834
52,461 71,746
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
DS McPherson
Directors loan account 2,832 (35,239) 33,475 1,068
2,832 (35,239) 33,475 1,068
7 Controlling party
The company was controlled by the Director.
8 Other information
The Caravan Clinic Limited is a private company limited by shares and incorporated in England. Its registered office is:
Halifax Road
Dunston Industrial Estate
Nr Metro Centre
Gateshead
NE11 9JW
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