Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10567727 Mr Herbert Hiley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10567727 2023-01-31 10567727 2024-01-31 10567727 2023-02-01 2024-01-31 10567727 frs-core:CurrentFinancialInstruments 2024-01-31 10567727 frs-core:Non-currentFinancialInstruments 2024-01-31 10567727 frs-core:MotorVehicles 2024-01-31 10567727 frs-core:MotorVehicles 2023-02-01 2024-01-31 10567727 frs-core:MotorVehicles 2023-01-31 10567727 frs-core:ShareCapital 2024-01-31 10567727 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10567727 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10567727 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10567727 frs-bus:SmallEntities 2023-02-01 2024-01-31 10567727 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10567727 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10567727 frs-core:DeferredTaxation 2023-02-01 2024-01-31 10567727 frs-core:DeferredTaxation 2023-01-31 10567727 frs-core:DeferredTaxation 2024-01-31 10567727 frs-bus:Director1 2023-02-01 2024-01-31 10567727 frs-countries:EnglandWales 2023-02-01 2024-01-31 10567727 2022-01-31 10567727 2023-01-31 10567727 2022-02-01 2023-01-31 10567727 frs-core:CurrentFinancialInstruments 2023-01-31 10567727 frs-core:Non-currentFinancialInstruments 2023-01-31 10567727 frs-core:ShareCapital 2023-01-31 10567727 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10567727
The Caravan Centre UK Stickney Ltd
Financial Statements
For The Year Ended 31 January 2024
Kensington Mills & Clark Darby
Chartered Certified Accountants
520-522 Moseley Road
Birmingham
West Midlands
B12 9AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10567727
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 17,802
- 17,802
CURRENT ASSETS
Stocks 5 465,670 1,882,190
Debtors 99,313 135,955
Cash at bank and in hand 170,683 259,176
735,666 2,277,321
Creditors: Amounts Falling Due Within One Year 6 (670,073 ) (2,247,858 )
NET CURRENT ASSETS (LIABILITIES) 65,593 29,463
TOTAL ASSETS LESS CURRENT LIABILITIES 65,593 47,265
Creditors: Amounts Falling Due After More Than One Year 7 (147,004 ) (170,654 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (238 ) (290 )
NET LIABILITIES (81,649 ) (123,679 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (81,650 ) (123,680 )
SHAREHOLDERS' FUNDS (81,649) (123,679)
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Herbert Hiley
Director
5th June 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Caravan Centre UK Stickney Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10567727 . The registered office is 61 Bridge Street, Kington, Herefordshire, HR5 3DJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 15% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
2.7. Pensions
The company operates a defined pension contribution scheme through 3rd party. Contributions are charged to the profit and loss as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 February 2023 36,980
Disposals (36,980 )
Depreciation
As at 1 February 2023 19,178
Disposals (19,178 )
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 17,802
5. Stocks
2024 2023
£ £
Finished goods 465,670 1,882,190
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 564,550 2,056,299
Corporation tax - 88
VAT - 3,769
Other creditors 20,440 100,440
Director's loan account 85,083 87,262
670,073 2,247,858
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,305 33,455
Other creditors 123,699 137,199
147,004 170,654
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 238 290
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2023 290 290
Reversals (52 ) (52)
Balance at 31 January 2024 238 238
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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11. Related Party Transactions
Director H Hiley owns the freehold premises and charge the company a rent of £20K per annum. Outstanding balance for the year was of £20,000(2023:100,000).
The company has debenture charge by the director Herbert Hiley dated 19 March 2019 for loan of £400K at the interest rate of 8% per annum. This debenture is charge over all fixed and floating assets of the company. No interest has charged over the year.
The company has debenture charge by the director Herbert Hiley dated 1st January 2019 for the loan of £200K at the interest rate of 11% per annum. This debenture is charge over all fixed and floating assets of the company. No interest has charged over the year.
The company has returned the stock back to the director valued of £1,604,459 dated 5th July 2023 and the debenture on the company was removed on 5th July 2023.
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