Registered number
06550226
Caravan Repairs Limited
Accounts
For the Year ended
31 March 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Caravan Repairs Limited
Registered number: 06550226
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,383 18,264
Current assets
Stocks 18,723 17,413
Debtors 4 62,573 76,158
Cash at bank and in hand 118,030 121,639
199,326 215,210
Creditors: amounts falling due within one year 5 (74,383) (84,176)
Net current assets 124,943 131,034
Total assets less current liabilities 144,326 149,298
Creditors: amounts falling due after more than one year 6 (8,059) (15,410)
Net assets 136,267 133,888
Capital and reserves
Called up share capital 100 100
Profit and loss account 136,167 133,788
Shareholders' funds 136,267 133,888
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.
P R Adlam
Director
Approved by the board on 5 August 2024
Caravan Repairs Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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 which is provided to the customers. Turnover is recognised once services have been conducted and payment is then received.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 7 years
Motor vehicle 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.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Government grants
Government grants are accounted for under the accrual model and are classified as grants relating to revenue (revenue-based grants) or grants relating to assets (capital-based grants). Grants relating to assets are recognised in the profit and loss on a systematic basis over the useful life of the asset. Grants relating to an asset which are deferred are recognised as a liability and are not deducted from the carrying value of the asset.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 11
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2023 14,469 33,264 47,733
Additions 8,600 - 8,600
At 31 March 2024 23,069 33,264 56,333
Depreciation
At 1 April 2023 12,240 17,229 29,469
Charge for the year 2,136 5,345 7,481
At 31 March 2024 14,376 22,574 36,950
Net book value
At 31 March 2024 8,693 10,690 19,383
At 31 March 2023 2,229 16,035 18,264
4 Debtors 2024 2023
£ £
Trade debtors 51,092 59,032
Other debtors 11,481 17,126
62,573 76,158
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under hire purchase contracts 3,920 3,920
Trade creditors 14,056 9,443
Deferred grant income 900 900
Other taxes and social security costs 45,426 60,436
Other creditors 10,081 9,477
74,383 84,176
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under hire purchase contracts 6,559 10,479
Deferred grant income 1,500 2,400
Other creditors - 2,531
8,059 15,410
7 Other information
Caravan Repairs Limited is a private company limited by shares and incorporated in England.
Its registered office is:
A37 Gurney Slade
Radstock
United Kingdom
BA3 4TQ
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