Company Registration No. 07116326 (England and Wales)
TRIANGLE CARAVAN SALES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
TRIANGLE CARAVAN SALES LIMITED
COMPANY INFORMATION
Director
Mr J.R. Meldrum
Company number
07116326
Registered office
Triangle Wood Caravan Park
Tyn y Morfa
Gwespyr
Holywell
Flintshire
CH8 9NH
Accountants
Gareth Hughes & Company Limited
The Round House
Glan-y-Mor Road
Llandudno Junction
Conwy
LL31 9SN
Business address
Triangle Wood Caravan Park
Tyn y Morfa
Gwespyr
Holywell
Flintshire
CH8 9NH
TRIANGLE CARAVAN SALES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TRIANGLE CARAVAN SALES LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
82
109
Current assets
Stocks
135,393
91,065
Debtors
4
274,134
68,190
Cash at bank and in hand
82,940
18,692
492,467
177,947
Creditors: amounts falling due within one year
5
(394,837)
(115,292)
Net current assets
97,630
62,655
Net assets
97,712
62,764
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
97,612
62,664
Total equity
97,712
62,764
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 27 November 2023
Mr J.R. Meldrum
Director
Company Registration No. 07116326
TRIANGLE CARAVAN SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information
Triangle Caravan Sales Limited is a private company limited by shares incorporated in England and Wales. The registered office is Triangle Wood Caravan Park, Tyn y Morfa, Gwespyr, Holywell, Flintshire, CH8 9NH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% per annum reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stock is valued at the lower of cost and net realisable value.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
TRIANGLE CARAVAN SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
1
Accounting policies
(Continued)
- 3 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 and 31 January 2023
2,219
Depreciation and impairment
At 1 February 2022
2,110
Depreciation charged in the year
27
At 31 January 2023
2,137
Carrying amount
At 31 January 2023
82
At 31 January 2022
109
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
267,851
65,989
Other debtors
6,283
2,201
274,134
68,190
TRIANGLE CARAVAN SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
269,008
82,350
Corporation tax
8,250
8,469
Other creditors
117,579
24,473
394,837
115,292
6
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr J. Meldrum
-
(7,773)
9,960
(1,945)
242
(7,773)
9,960
(1,945)
242