Registered number
SC642805
Salen Bay Campsite Ltd
Unaudited Filleted Accounts
31 March 2023
Salen Bay Campsite Ltd
Registered number: SC642805
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 72,883 63,657
Current assets
Stocks 1,659 615
Debtors 4 3,091 3,858
Cash at bank and in hand 43,536 45,439
48,286 49,912
Creditors: amounts falling due within one year 5 (58,142) (84,416)
Net current liabilities (9,856) (34,504)
Total assets less current liabilities 63,027 29,153
Creditors: amounts falling due after more than one year 6 (11,884) (10,587)
Net assets 51,143 18,566
Capital and reserves
Called up share capital 5 5
Profit and loss account 51,138 18,561
Shareholders' funds 51,143 18,566
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Fergus Whyte
Director
Approved by the board on 23 December 2023
Salen Bay Campsite Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office - included in land & buildings over 6 years
Fencing - included in land & buildings over 10 years
Camping facilities foundations & structures - included in land & buildings over 4 years
Roads, landscaping, breakwater & container - included in land & buildings over 30 years
Water drainage, sewage piping & related structures - included in land & buildings over 30 years
Electrical cabling, apparatus & distributive wiring - including in land & buildings over 30 years
Pontoon anchor - included in plant & machinery over 30 years
Electrical hook ups & floating pontoon - included in plant & machinery over 10 years
Sanitary fittings - included in plant & machinery over 4 years
Plant & machinery (excluding the above - inc. washer dryer, grounds equipment, lawnmower, strimmer, site wifi, chest feezer, mobile phone, office computer etc) over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land & Buildings Plant & Machinery etc Total
£ £ £
Cost
At 1 April 2022 58,057 20,306 78,363
Additions 11,845 6,446 18,291
Disposals - (291) (291)
At 31 March 2023 69,902 26,461 96,363
Depreciation
At 1 April 2022 10,526 4,180 14,706
Charge for the year 5,343 3,526 8,869
On disposals - (95) (95)
At 31 March 2023 15,869 7,611 23,480
Net book value
At 31 March 2023 54,033 18,850 72,883
At 31 March 2022 47,531 16,126 63,657
4 Debtors 2023 2022
£ £
Trade Debtors 2,566 3,446
Prepayments 525 412
3,091 3,858
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation Tax 13,424 3,707
Directors' Loan Accounts 4,592 35,927
Trade Creditors 2,755 3,562
CT61 Tax Payable - 428
PAYE/NIC Payable 932 1,476
VAT 3,059 1,487
Deferred Tax 1,427 800
Accruals & Deferred Income 31,953 37,029
58,142 84,416
6 Creditors: amounts falling due after one year 2023 2022
£ £
Deferred Tax 11,884 10,587
7 Related party transactions
At the year end the directors, Barbara & Fergus Whyte, were owed £Nil (2022: £31,393) by the company, in equal share. This balance includes interest of £Nil (2022: £2.138), charged to the company on the outstanding balance owed to the directors, and expensed to the profit and loss in the period.

At the year end the director, Ciaran Whyte, was owed £4,592 (2022: £4,534) by the company. No interest has been charged to the company in the year and there is no fixed term of repayment.
8 Other information
Salen Bay Campsite Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Inverinate
Aros
Isle of Mull
Argyll & Bute
PA72 6JB
Salen Bay Campsite Ltd SC642805 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 release 2 Fergus Whyte No description of principal activity SC642805 2021-04-01 2022-03-31 SC642805 core:WithinOneYear 2022-03-31 SC642805 core:AfterOneYear 2022-03-31 SC642805 core:ShareCapital 2022-03-31 SC642805 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC642805 2022-04-01 2023-03-31 SC642805 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC642805 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC642805 bus:Director40 2022-04-01 2023-03-31 SC642805 1 2022-04-01 2023-03-31 SC642805 2 2022-04-01 2023-03-31 SC642805 core:LandBuildings 2022-04-01 2023-03-31 SC642805 core:PlantMachinery 2022-04-01 2023-03-31 SC642805 countries:England 2022-04-01 2023-03-31 SC642805 bus:FRS102 2022-04-01 2023-03-31 SC642805 bus:FullAccounts 2022-04-01 2023-03-31 SC642805 2023-03-31 SC642805 core:WithinOneYear 2023-03-31 SC642805 core:AfterOneYear 2023-03-31 SC642805 core:ShareCapital 2023-03-31 SC642805 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC642805 core:LandBuildings 2023-03-31 SC642805 core:PlantMachinery 2023-03-31 SC642805 2022-03-31 SC642805 core:LandBuildings 2022-03-31 SC642805 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure