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REGISTERED NUMBER: 08148099 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Wiltshire Caravans Ltd

Wiltshire Caravans Ltd (Registered number: 08148099)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wiltshire Caravans Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Hibbs
M Pearce





REGISTERED OFFICE: 36 Headquarters Road
West Wilts Trading Estate
Westbury
Wiltshire
BA13 4JR





REGISTERED NUMBER: 08148099 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Wiltshire Caravans Ltd (Registered number: 08148099)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,387 203,236

CURRENT ASSETS
Stocks 1,570,430 957,398
Debtors 5 109,842 122,033
Cash at bank and in hand 96,418 77,623
1,776,690 1,157,054
CREDITORS
Amounts falling due within one year 6 1,650,669 945,885
NET CURRENT ASSETS 126,021 211,169
TOTAL ASSETS LESS CURRENT LIABILITIES 318,408 414,405

CREDITORS
Amounts falling due after more than one
year

7

(116,375

)

(169,083

)

PROVISIONS FOR LIABILITIES (20,112 ) (22,829 )
NET ASSETS 181,921 222,493

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 181,821 222,393
181,921 222,493

Wiltshire Caravans Ltd (Registered number: 08148099)

Balance Sheet - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 August 2024 and were signed on its behalf by:




J Hibbs - Director



M Pearce - Director


Wiltshire Caravans Ltd (Registered number: 08148099)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Wiltshire Caravans Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

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

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.

Tangible fixed assets
Tangible fixed 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 is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold- 5% on cost
Plant and machinery- 25% on reducing balance
Motor vehicles- 25% on reducing balance

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.


Wiltshire Caravans Ltd (Registered number: 08148099)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Prior year adjustment
In the prior year trade creditors were overstated by £325,085 and the bank loans and overdrafts due within one year were understated by £325,085. The prior year has been adjusted and resulted in no change in the total creditors falling due within one year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

Wiltshire Caravans Ltd (Registered number: 08148099)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 235,608 29,888 15,080 280,576
Additions - 6,306 - 6,306
At 31 December 2023 235,608 36,194 15,080 286,882
DEPRECIATION
At 1 January 2023 53,787 19,311 4,242 77,340
Charge for year 11,780 2,666 2,709 17,155
At 31 December 2023 65,567 21,977 6,951 94,495
NET BOOK VALUE
At 31 December 2023 170,041 14,217 8,129 192,387
At 31 December 2022 181,821 10,577 10,838 203,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 10,763 7,132
Other debtors 99,079 114,901
109,842 122,033

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 943,309 475,904
Trade creditors 534,935 329,414
Taxation and social security 27,682 15,208
Other creditors 144,743 125,359
1,650,669 945,885

Wiltshire Caravans Ltd (Registered number: 08148099)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 56,031 84,853
Other creditors 60,344 84,230
116,375 169,083

Included in bank loans in notes 6 and 7 is an amount of £24,951 (2022 - £34,841) which is unsecured and guaranteed by the government.

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 58,324 81,649

The company has a debenture in place in favour of HSBC Bank PLC in respect of all loans, overdrafts and other facilities in place and is secured by fixed and floating charges.

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £13,274,095 (2022 - £14,740,003).

10. AMOUNTS DISCLOSED IN THE BALANCE SHEET

Included in the balance sheet are pensions payable of £1,752 (2022 - £1,510). The company participates in a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.