Ultimate Camper Sales Ltd 11645243 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is van conversions and sales. Digita Accounts Production Advanced 6.30.9574.0 true true 11645243 2022-11-01 2023-10-31 11645243 2023-10-31 11645243 core:CurrentFinancialInstruments 2023-10-31 11645243 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11645243 core:Non-currentFinancialInstruments 2023-10-31 11645243 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 11645243 core:FurnitureFittingsToolsEquipment 2023-10-31 11645243 bus:SmallEntities 2022-11-01 2023-10-31 11645243 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11645243 bus:FullAccounts 2022-11-01 2023-10-31 11645243 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11645243 bus:RegisteredOffice 2022-11-01 2023-10-31 11645243 bus:Director1 2022-11-01 2023-10-31 11645243 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11645243 core:ComputerEquipment 2022-11-01 2023-10-31 11645243 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 11645243 countries:England 2022-11-01 2023-10-31 11645243 2022-10-31 11645243 core:FurnitureFittingsToolsEquipment 2022-10-31 11645243 2021-11-01 2022-10-31 11645243 2022-10-31 11645243 core:CurrentFinancialInstruments 2022-10-31 11645243 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 11645243 core:Non-currentFinancialInstruments 2022-10-31 11645243 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 11645243 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 11645243

Ultimate Camper Sales Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Ultimate Camper Sales Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Ultimate Camper Sales Ltd

Company Information

Director

Mr R J Dudman

Registered office

The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

Accountants

Wilkinsons Accountants Limited
Chartered Certified Accountants
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

 

Ultimate Camper Sales Ltd

(Registration number: 11645243)
Balance Sheet as at 31 October 2023

Note

31 October
2023
£

31 October
2022
£

Fixed assets

 

Tangible assets

4

553

608

Current assets

 

Stocks

5

328,224

225,491

Debtors

6

20,421

18,788

Cash at bank and in hand

 

210,297

199,777

 

558,942

444,056

Creditors: Amounts falling due within one year

7

(253,572)

(208,796)

Net current assets

 

305,370

235,260

Total assets less current liabilities

 

305,923

235,868

Creditors: Amounts falling due after more than one year

7

(17,500)

(27,500)

Net assets

 

288,423

208,368

Capital and reserves

 

Called up share capital

100

100

Retained earnings

288,323

208,268

Shareholders' funds

 

288,423

208,368

For the financial year ending 31 October 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 4 July 2024
 

.........................................
Mr R J Dudman
Director

 

Ultimate Camper Sales Ltd

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

1

General information

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

The address of its registered office is:
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

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 prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Government grants

Government grants of a revenue nature are recognised when there is a reasonable assurance that conditions attaching to them have been met and the grants will be received. The accruals model has been adopted for recognition.

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.

 

Ultimate Camper Sales Ltd

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

2

Accounting policies (continued)

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

Office equipment

25% reducing balance basis

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Ultimate Camper Sales Ltd

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

4

Tangible assets

Office Equipment
£

Total
£

Cost or valuation

At 1 November 2022

1,078

1,078

At 31 October 2023

1,078

1,078

Depreciation

At 1 November 2022

470

470

Charge for the year

55

55

At 31 October 2023

525

525

Carrying amount

At 31 October 2023

553

553

At 31 October 2022

608

608

5

Stocks

31 October
2023
£

31 October
2022
£

Work in progress

17,405

7,741

Other inventories

310,819

217,750

328,224

225,491

6

Debtors

31 October
2023
£

31 October
2022
£

Prepayments

1,531

1,479

Other debtors

18,890

17,309

20,421

18,788

 

Ultimate Camper Sales Ltd

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

7

Creditors

Creditors: amounts falling due within one year

Note

31 October
2023
£

31 October
2022
£

Due within one year

 

Loans and borrowings

8

10,000

10,000

Taxation and social security

 

33,656

48,250

Accruals and deferred income

 

1,950

-

Other creditors

 

207,966

150,546

 

253,572

208,796

Creditors: amounts falling due after more than one year

Note

31 October
2023
£

31 October
2022
£

Due after one year

 

Loans and borrowings

8

17,500

27,500

8

Loans and borrowings

31 October
2023
£

31 October
2022
£

Non-current loans and borrowings

Bank borrowings

17,500

27,500

31 October
2023
£

31 October
2022
£

Current loans and borrowings

Bank borrowings

10,000

10,000