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REGISTERED NUMBER: 05110546 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Swale View Caravan Sales Limited

Swale View Caravan Sales Limited (Registered number: 05110546)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Swale View Caravan Sales Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A P Carter
E L Carter





SECRETARY: E L Carter





REGISTERED OFFICE: Buena Vista
Swale View Caravan Park
RICHMOND
North Yorkshire
DL10 4SF





REGISTERED NUMBER: 05110546 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Swale View Caravan Sales Limited (Registered number: 05110546)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 994,429 806,979
994,429 806,979

CURRENT ASSETS
Stocks 6 345,602 256,578
Debtors 7 108,007 144,907
Prepayments and accrued income - 3,583
Cash at bank and in hand 78,634 237,953
532,243 643,021
CREDITORS
Amounts falling due within one year 8 462,700 261,379
NET CURRENT ASSETS 69,543 381,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,063,972

1,188,621

CREDITORS
Amounts falling due after more than one
year

9

(303,298

)

(348,845

)

ACCRUALS AND DEFERRED INCOME - (4,059 )
NET ASSETS 760,674 835,717

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 760,574 835,617
SHAREHOLDERS' FUNDS 760,674 835,717

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Swale View Caravan Sales Limited (Registered number: 05110546)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2023 and were signed on its behalf by:





A P Carter - Director


Swale View Caravan Sales Limited (Registered number: 05110546)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Swale View Caravan Sales 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.
Freehold property - not provided
Computer equipment - 25% on 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 Statement of Income and Retained Earnings, 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.

Swale View Caravan Sales Limited (Registered number: 05110546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 50,000
AMORTISATION
At 1 April 2022
and 31 March 2023 50,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2022 725,429 7,875 35,650
Additions - 169,194 34,195
At 31 March 2023 725,429 177,069 69,845
DEPRECIATION
At 1 April 2022 - 656 1,485
Charge for year - 882 10,192
At 31 March 2023 - 1,538 11,677
NET BOOK VALUE
At 31 March 2023 725,429 175,531 58,168
At 31 March 2022 725,429 7,219 34,165

Swale View Caravan Sales Limited (Registered number: 05110546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 45,500 1,133 815,587
Additions 5,479 1,422 210,290
At 31 March 2023 50,979 2,555 1,025,877
DEPRECIATION
At 1 April 2022 5,334 1,133 8,608
Charge for year 11,411 355 22,840
At 31 March 2023 16,745 1,488 31,448
NET BOOK VALUE
At 31 March 2023 34,234 1,067 994,429
At 31 March 2022 40,166 - 806,979

6. STOCKS
2023 2022
£    £   
Stocks 345,602 256,578

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 100,000 33,500
Directors' current accounts - 111,407
Prepayments and accrued income 8,007 -
108,007 144,907

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 52,091 52,091
Hire purchase contracts (see note 10) 7,667 7,425
Trade creditors 281,512 151,211
Corporation tax - 44,325
Taxation and social security 30,503 (4,769 )
Amounts due to related undertaking 10,117 11,096
Accruals and deferred income 80,810 -
462,700 261,379

Swale View Caravan Sales Limited (Registered number: 05110546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 287,051 324,931
Hire purchase contracts (see note 10) 16,247 23,914
303,298 348,845

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 7,667 7,425
Between one and five years 16,247 23,914
23,914 31,339

Non-cancellable operating leases
2023 2022
£    £   
Within one year 70,000 -
Between one and five years 210,000 -
280,000 -