Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-03-01falseMotorhome rental00truetrue 12478142 2022-03-01 2023-02-28 12478142 2021-03-01 2022-02-28 12478142 2023-02-28 12478142 2022-02-28 12478142 c:Director1 2022-03-01 2023-02-28 12478142 d:MotorVehicles 2022-03-01 2023-02-28 12478142 d:MotorVehicles 2023-02-28 12478142 d:MotorVehicles 2022-02-28 12478142 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 12478142 d:CurrentFinancialInstruments 2023-02-28 12478142 d:CurrentFinancialInstruments 2022-02-28 12478142 d:Non-currentFinancialInstruments 2023-02-28 12478142 d:Non-currentFinancialInstruments 2022-02-28 12478142 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12478142 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 12478142 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 12478142 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 12478142 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 12478142 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-02-28 12478142 d:ShareCapital 2023-02-28 12478142 d:ShareCapital 2022-02-28 12478142 d:RetainedEarningsAccumulatedLosses 2023-02-28 12478142 d:RetainedEarningsAccumulatedLosses 2022-02-28 12478142 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-02-28 12478142 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-02-28 12478142 c:FRS102 2022-03-01 2023-02-28 12478142 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 12478142 c:FullAccounts 2022-03-01 2023-02-28 12478142 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12478142 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-02-28 12478142 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-02-28 12478142 d:LeasedAssetsHeldAsLessee 2023-02-28 12478142 d:LeasedAssetsHeldAsLessee 2022-02-28 iso4217:GBP xbrli:pure

Registered number: 12478142









JAZZY CAMPERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
JAZZY CAMPERS LIMITED
REGISTERED NUMBER: 12478142

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
42,483
-

  
42,483
-

Current assets
  

Debtors: amounts falling due within one year
 5 
1
-

Cash at bank and in hand
 6 
803
2

  
804
2

Creditors: amounts falling due within one year
 7 
(33,939)
-

Net current (liabilities)/assets
  
 
 
(33,135)
 
 
2

Total assets less current liabilities
  
9,348
2

Creditors: amounts falling due after more than one year
 8 
(28,018)
-

  

Net (liabilities)/assets
  
(18,670)
2


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(18,672)
-

  
(18,670)
2


Page 1

 
JAZZY CAMPERS LIMITED
REGISTERED NUMBER: 12478142
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 November 2023.




................................................
Ross Nicholson
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was that of motorhome rentals. The Company was incorporated on 24th February 2020 and commenced trading on 27th April 2022.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

The accounts have been prepared on a going concern basis. This assumes the continued support of the director which he has pledged for the foreseeable future. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


Additions
53,104



At 28 February 2023

53,104



Depreciation


Charge for the year on owned assets
10,621



At 28 February 2023

10,621



Net book value



At 28 February 2023
42,483



At 28 February 2022
-

Page 5

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
42,483
-

42,483
-


5.


Debtors

2023
2022
£
£


Other debtors
1
-

1
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
803
2

803
2


Page 6

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,310
-

Other creditors
28,429
-

Accruals and deferred income
1,200
-

33,939
-


Included in creditors is a director’s loan account balance of £28,429  in relation to Ross Nicholson.

The following liabilities were secured:

2023
2022
£
£



Bank loans
4,310
-

4,310
-

Details of security provided:

The loan is secured over the asset concerned.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
28,018
-

28,018
-


The following liabilities were secured:

2023
2022
£
£



Bank loans
28,018
-

28,018
-

Details of security provided:

The loan is secured over the asset concerned.

Page 7

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,310
-

Amounts falling more than one year

Bank loans
28,018
-



32,328
-



10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
803
2




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


11.


Controlling party

The Company is controlled by the director, Ross Nicholson, by virtue of his shareholding as described in the director's report.

 
Page 8