Campers & Leisure Limited 04068387 false 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is the sale of tents, trailers and ancillary goods for the leisure industry Digita Accounts Production Advanced 6.30.9574.0 true 04068387 2022-01-01 2022-12-31 04068387 2022-12-31 04068387 core:CurrentFinancialInstruments 2022-12-31 04068387 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 04068387 core:Non-currentFinancialInstruments 2022-12-31 04068387 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 04068387 core:Goodwill 2022-12-31 04068387 core:FurnitureFittingsToolsEquipment 2022-12-31 04068387 core:LandBuildings 2022-12-31 04068387 bus:SmallEntities 2022-01-01 2022-12-31 04068387 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 04068387 bus:FullAccounts 2022-01-01 2022-12-31 04068387 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 04068387 bus:RegisteredOffice 2022-01-01 2022-12-31 04068387 bus:Director1 2022-01-01 2022-12-31 04068387 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 04068387 core:Goodwill 2022-01-01 2022-12-31 04068387 core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 04068387 core:LandBuildings 2022-01-01 2022-12-31 04068387 core:PlantMachinery 2022-01-01 2022-12-31 04068387 core:OtherRelatedParties 2022-01-01 2022-12-31 04068387 countries:EnglandWales 2022-01-01 2022-12-31 04068387 2021-12-31 04068387 core:Goodwill 2021-12-31 04068387 core:FurnitureFittingsToolsEquipment 2021-12-31 04068387 core:LandBuildings 2021-12-31 04068387 2021-01-01 2021-12-31 04068387 2021-12-31 04068387 core:CurrentFinancialInstruments 2021-12-31 04068387 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 04068387 core:Non-currentFinancialInstruments 2021-12-31 04068387 core:Non-currentFinancialInstruments core:AfterOneYear 2021-12-31 04068387 core:FurnitureFittingsToolsEquipment 2021-12-31 04068387 core:LandBuildings 2021-12-31 iso4217:GBP xbrli:pure

Company No: 04068387

Campers & Leisure Limited

Unaudited Financial Statements

Year Ended

31 December 2022

 

Campers & Leisure Limited

Contents

Company Information

1

Balance sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Campers & Leisure Limited

Company Information

Director

P C Bolter

Registered office

Suite 8 Bourne Gate
25 Bourne Valley Road
Poole
Dorset
BH12 1DY

Accountants

Brett Pittwood
Chartered Certified Accountants
Suite 8 Bourne Gate
25 Bourne Valley Road
Poole
Dorset
BH12 1DY

 

Campers & Leisure Limited

(Registration number: 04068387)
Balance sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

5

1,100

1,467

Current assets

 

Stocks

6

93,586

73,478

Debtors

7

204,704

208,658

Cash at bank and in hand

 

11,402

37,802

 

309,692

319,938

Creditors: Amounts falling due within one year

8

(388,089)

(353,230)

Net current liabilities

 

(78,397)

(33,292)

Total assets less current liabilities

 

(77,297)

(31,825)

Creditors: Amounts falling due after more than one year

8

(43,889)

(35,833)

Net liabilities

 

(121,186)

(67,658)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(121,286)

(67,758)

Shareholders' deficit

 

(121,186)

(67,658)

For the financial year ending 31 December 2022 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 23 December 2023
 

P C Bolter
Director

 

Campers & Leisure Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 8 Bourne Gate
25 Bourne Valley Road
Poole
Dorset
BH12 1DY
United Kingdom

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 are presented in sterling which is the functional currency of the company. Monetary amounts are rounded to the nearest pound.

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 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.

 

Campers & Leisure Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2022

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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

Leasehold improvements

20% straight line

Fixtures, fittings and equipment

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Campers & Leisure Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2022

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Campers & Leisure Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2022

Financial instruments

Classification
Financial assets

Basic financial assets
Basic financial assets, which include trade debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 Recognition and measurement


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2021 - 7).

 

Campers & Leisure Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2022

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2022

18,688

18,688

At 31 December 2022

18,688

18,688

Amortisation

At 1 January 2022

18,688

18,688

At 31 December 2022

18,688

18,688

Carrying amount

At 31 December 2022

-

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2022

13,100

84,664

97,764

At 31 December 2022

13,100

84,664

97,764

Depreciation

At 1 January 2022

13,100

83,197

96,297

Charge for the year

-

367

367

At 31 December 2022

13,100

83,564

96,664

Carrying amount

At 31 December 2022

-

1,100

1,100

At 31 December 2021

-

1,467

1,467

6

Stocks

2022
£

2021
£

Finished goods and goods for resale

93,586

73,478

7

Debtors

2022
£

2021
£

Trade debtors

3,427

28,181

Other debtors

201,277

180,477

 

204,704

208,658

 

Campers & Leisure Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2022

8

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

9

61,303

44,955

Trade creditors

 

238,573

226,076

Taxation and social security

 

61,654

57,149

Accruals and deferred income

 

7,336

7,240

Other creditors

 

19,223

17,810

 

388,089

353,230

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

9

43,889

35,833

9

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

25,833

35,833

Other borrowings

18,056

-

43,889

35,833

2022
£

2021
£

Current loans and borrowings

Bank borrowings

10,000

10,000

Bank overdrafts

31,001

23,013

Other borrowings

20,302

11,942

61,303

44,955

 

Campers & Leisure Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2022

10

Related party transactions

Summary of transactions with related parties


A net advance of £15,551 was made during the year to the owner-director, Mr P C Bolter. At 31 December 2022 a total of £154,150 was owed to the company by Mr P C Bolter on his loan account. Interest has been charged on this account.