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Registration number: 05546491

Clavell Caravans and Transport Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Clavell Caravans and Transport Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Clavell Caravans and Transport Limited

Company Information

Director

J F C Harneiss

Registered office

Lowgate House
Lowgate Road
Conisholme
Louth
Lincolnshire
LN11 7LX

 

Clavell Caravans and Transport Limited

(Registration number: 05546491)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

50,163

69,753

Current assets

 

Stocks

5

685,537

373,019

Debtors

6

711,772

494,267

Cash at bank and in hand

 

18,944

144,738

 

1,416,253

1,012,024

Creditors: Amounts falling due within one year

7

(394,021)

(24,998)

Net current assets

 

1,022,232

987,026

Total assets less current liabilities

 

1,072,395

1,056,779

Provisions for liabilities

(3,482)

(3,090)

Net assets

 

1,068,913

1,053,689

Capital and reserves

 

Called up share capital

1

1

Retained earnings

1,068,912

1,053,688

Shareholders' funds

 

1,068,913

1,053,689

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 October 2023
 

.........................................
J F C Harneiss
Director

 

Clavell Caravans and Transport Limited

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

1

General information

The company is a incorporated in England and Wales and the company registration number is 05546491.

The address of its registered office is:
Lowgate House
Lowgate Road
Conisholme
Louth
Lincolnshire
LN11 7LX
England

These financial statements cover the individual entity Clavell Caravans and Transport Limited.

These financial statements were authorised for issue by the director on 19 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Clavell Caravans and Transport Limited

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

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

10% straight line basis

Office equipment

25% reducing balance basis

Implements and plant

25% reducing balance basis

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2022 - 1).

 

Clavell Caravans and Transport Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

173,803

88,560

4,000

266,363

Additions

-

7,095

-

7,095

At 31 March 2023

173,803

95,655

4,000

273,458

Depreciation

At 1 April 2022

123,735

71,307

1,568

196,610

Charge for the year

17,371

8,828

486

26,685

At 31 March 2023

141,106

80,135

2,054

223,295

Carrying amount

At 31 March 2023

32,697

15,520

1,946

50,163

At 31 March 2022

50,068

17,253

2,432

69,753

5

Stocks

2023
£

2022
£

Other inventories

685,537

373,019

6

Debtors

Current

2023
£

2022
£

Trade debtors

66,830

68,335

Amounts owed by related parties

276,617

325,570

Prepayments

10,349

20,875

Other debtors

357,976

79,487

 

711,772

494,267

Details of non-current trade and other debtors

£226,302 (2022 -£276,740) of loan to Clavell Caravans Limited is classified as non current.

 

Clavell Caravans and Transport Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

6,605

41

Taxation and social security

 

6,788

7,268

Other creditors

 

371,237

15,622

Accruals and deferred income

 

9,391

2,067

 

394,021

24,998

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

329,800

10,000

9

Related party transactions

Transactions with the Director

2023

At 1 April 2022
£

Advances to Director
£

At 31 March 2023
£

J F C Harneiss

-

7,910

7,910

       
     

 

2022

At 1 April 2021
£

Advances to Director
£

Repayments by Director
£

At 31 March 2022
£

J F C Harneiss

8,372

11,123

(19,495)

-

         
       

 

Loans to related parties

2023

Other related parties
£

Total
£

At start of period

64,487

64,487

Advanced

237,100

237,100

At end of period

301,587

301,587

2022

Other related parties
£

Total
£

Advanced

64,487

64,487

At end of period

64,487

64,487

 

Clavell Caravans and Transport Limited

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

Loans from related parties

2023

Other related parties
£

Total
£

At start of period

10,000

10,000

Advanced

329,800

329,800

Repaid

(10,000)

(10,000)

At end of period

329,800

329,800

2022

Other related parties
£

Total
£

At start of period

60,000

60,000

Repaid

(50,000)

(50,000)

At end of period

10,000

10,000