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REGISTERED NUMBER: 11507986 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

LITTLEFIELD CARAVANS LIMITED

LITTLEFIELD CARAVANS LIMITED (REGISTERED NUMBER: 11507986)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LITTLEFIELD CARAVANS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mrs N H Hodgson-Roberts
Mr G J Hodgson-Roberts
Mr J L Hodgson





REGISTERED OFFICE: Harts Caravan Park
Marine Road
Pensarn
Abergele
Conwy
LL22 7PS





REGISTERED NUMBER: 11507986 (England and Wales)





ACCOUNTANTS: Maddocks & Gamble Limited
Chartered Accountants
Suite 5 Ribble Saw Mill
Paley Road
Preston
Lancashire
PR1 8LT

LITTLEFIELD CARAVANS LIMITED (REGISTERED NUMBER: 11507986)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 185,157 218,157
Tangible assets 5 648,185 577,267
833,342 795,424

CURRENT ASSETS
Stocks 219,480 247,050
Debtors 6 461,558 80,718
Cash at bank and in hand 210,456 466,918
891,494 794,686
CREDITORS
Amounts falling due within one year 7 938,171 846,655
NET CURRENT LIABILITIES (46,677 ) (51,969 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

786,665

743,455

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 786,664 743,454
SHAREHOLDERS' FUNDS 786,665 743,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2024 and were signed on its behalf by:





Mrs N H Hodgson-Roberts - Director


LITTLEFIELD CARAVANS LIMITED (REGISTERED NUMBER: 11507986)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Littlefield Caravans Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LITTLEFIELD CARAVANS LIMITED (REGISTERED NUMBER: 11507986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 330,000
AMORTISATION
At 1 November 2022 111,843
Charge for year 33,000
At 31 October 2023 144,843
NET BOOK VALUE
At 31 October 2023 185,157
At 31 October 2022 218,157

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 552,127 67,900 620,027
Additions - 107,095 107,095
At 31 October 2023 552,127 174,995 727,122
DEPRECIATION
At 1 November 2022 5,569 37,191 42,760
Charge for year 1,643 34,534 36,177
At 31 October 2023 7,212 71,725 78,937
NET BOOK VALUE
At 31 October 2023 544,915 103,270 648,185
At 31 October 2022 546,558 30,709 577,267

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 116,583 65,079
Other debtors 344,975 15,639
461,558 80,718

LITTLEFIELD CARAVANS LIMITED (REGISTERED NUMBER: 11507986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 248,455 304,258
Trade creditors 456,060 363,425
Taxation and social security 153,818 73,778
Other creditors 79,838 105,194
938,171 846,655

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mrs N H Hodgson-Roberts
Balance outstanding at start of year - -
Amounts advanced 215,111 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 215,111 -

No interest is charged on the Director's loan and there is no fixed repayment schedule.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs N H Hodgson-Roberts.

The ultimate controlling party is Mrs N H Hodgson-Roberts.