Mr. Motorhome Limited 06452792 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is sale of other motor vehicles Digita Accounts Production Advanced 6.30.9574.0 true 06452792 2022-04-01 2023-03-31 06452792 2023-03-31 06452792 bus:OrdinaryShareClass1 2023-03-31 06452792 core:RetainedEarningsAccumulatedLosses 2023-03-31 06452792 core:ShareCapital 2023-03-31 06452792 core:CurrentFinancialInstruments 2023-03-31 06452792 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06452792 core:Non-currentFinancialInstruments 2023-03-31 06452792 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 06452792 core:FurnitureFittings 2023-03-31 06452792 bus:SmallEntities 2022-04-01 2023-03-31 06452792 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06452792 bus:FullAccounts 2022-04-01 2023-03-31 06452792 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06452792 bus:RegisteredOffice 2022-04-01 2023-03-31 06452792 bus:Director1 2022-04-01 2023-03-31 06452792 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06452792 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06452792 core:FurnitureFittings 2022-04-01 2023-03-31 06452792 core:OfficeEquipment 2022-04-01 2023-03-31 06452792 core:PlantMachinery 2022-04-01 2023-03-31 06452792 countries:England 2022-04-01 2023-03-31 06452792 2022-03-31 06452792 core:FurnitureFittings 2022-03-31 06452792 2021-04-01 2022-03-31 06452792 2022-03-31 06452792 bus:OrdinaryShareClass1 2022-03-31 06452792 core:RetainedEarningsAccumulatedLosses 2022-03-31 06452792 core:ShareCapital 2022-03-31 06452792 core:CurrentFinancialInstruments 2022-03-31 06452792 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06452792 core:Non-currentFinancialInstruments 2022-03-31 06452792 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 06452792 core:FurnitureFittings 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06452792

Mr. Motorhome Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Mr. Motorhome Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Mr. Motorhome Limited

(Registration number: 06452792)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

           

Fixed assets

   

 

Tangible assets

4

 

13,457

 

9,477

Current assets

   

 

Stocks

5

184,310

 

290,881

 

Debtors

6

153,427

 

113,196

 

Cash at bank and in hand

 

58,784

 

49,333

 

 

396,521

 

453,410

 

Creditors: Amounts falling due within one year

7

(194,914)

 

(204,781)

 

Net current assets

   

201,607

 

248,629

Total assets less current liabilities

   

215,064

 

258,106

Creditors: Amounts falling due after more than one year

7

 

(66,801)

 

(100,000)

Net assets

   

148,263

 

158,106

Capital and reserves

   

 

Called up share capital

8

100

 

100

 

Profit and loss account

148,163

 

158,006

 

Shareholders' funds

   

148,263

 

158,106

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 20 March 2024
 

 

Mr. Motorhome Limited

(Registration number: 06452792)
Balance Sheet as at 31 March 2023

.........................................
Mr J Monaghan
Director

 

Mr. Motorhome Limited

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

1

General information

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

The address of its registered office is:
55 Hoghton Street
Southport
Merseyside
PR9 0PG
England

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 company's functional and presentational currency is GBP and no level of rounding has been used in presenting the financial statements.

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 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.

 

Mr. Motorhome Limited

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

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

Plant & Machinery

15% Reducing Balance

Fixtures & Fittings

20% Reducing Balance

Office Equipment

15% Reducing Balance

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.

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.

 

Mr. Motorhome Limited

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

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 3).

 

Mr. Motorhome Limited

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

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2022

11,846

11,846

Additions

7,345

7,345

At 31 March 2023

19,191

19,191

Depreciation

At 1 April 2022

2,369

2,369

Charge for the year

3,365

3,365

At 31 March 2023

5,734

5,734

Carrying amount

At 31 March 2023

13,457

13,457

At 31 March 2022

9,477

9,477

5

Stocks

2023
£

2022
£

Other inventories

184,310

290,881

6

Debtors

Note

2023
£

2022
£

Trade debtors

 

27,745

65,950

Amounts owed by related parties

104,731

-

Other debtors

 

9,555

31,055

Prepayments

 

11,396

16,191

 

153,427

113,196

 

Mr. Motorhome 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

 

Bank loans and overdrafts

9

16,032

-

Trade creditors

 

12,627

26,505

Amounts owed to related parties

82,982

128,627

Taxation and social security

 

5,078

8,690

Other creditors

 

78,195

40,959

 

194,914

204,781

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

66,801

100,000

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

Mr. Motorhome Limited

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

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

66,801

100,000

2023
£

2022
£

Current loans and borrowings

Bank borrowings

16,032

-