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REGISTERED NUMBER: 05323553 (England and Wales)


















PARKWALL CARAVANS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






PARKWALL CARAVANS LIMITED (REGISTERED NUMBER: 05323553)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PARKWALL CARAVANS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs G A Thomas
Mr J N Thomas





SECRETARY: Mrs G A Thomas





REGISTERED OFFICE: Templeton
Narberth
Pembrokeshire
SA67 8SD





REGISTERED NUMBER: 05323553 (England and Wales)





ACCOUNTANTS: Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW

PARKWALL CARAVANS LIMITED (REGISTERED NUMBER: 05323553)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,780 224,622

CURRENT ASSETS
Stocks 1,982,202 1,025,533
Debtors 380,528 617,624
Cash at bank and in hand 2,109 4,204
2,364,839 1,647,361
CREDITORS
Amounts falling due within one year 2,049,783 1,402,942
NET CURRENT ASSETS 315,056 244,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

528,836

469,041

CREDITORS
Amounts falling due after more than one
year

(10,120

)

(35,781

)

PROVISIONS FOR LIABILITIES (12,532 ) (14,104 )
NET ASSETS 506,184 419,156

CAPITAL AND RESERVES
Called up share capital 180 180
Retained earnings 506,004 418,976
SHAREHOLDERS' FUNDS 506,184 419,156

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.

PARKWALL CARAVANS LIMITED (REGISTERED NUMBER: 05323553)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 September 2024 and were signed on its behalf by:





Mrs G A Thomas - Director


PARKWALL CARAVANS LIMITED (REGISTERED NUMBER: 05323553)

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


1. STATUTORY INFORMATION

Parkwall 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

PARKWALL CARAVANS LIMITED (REGISTERED NUMBER: 05323553)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 291,029
Disposals (1,064 )
At 31 December 2023 289,965
DEPRECIATION
At 1 January 2023 66,407
Charge for year 10,842
Eliminated on disposal (1,064 )
At 31 December 2023 76,185
NET BOOK VALUE
At 31 December 2023 213,780
At 31 December 2022 224,622

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023
and 31 December 2023 73,412
DEPRECIATION
At 1 January 2023 3,671
Charge for year 2,936
At 31 December 2023 6,607
NET BOOK VALUE
At 31 December 2023 66,805
At 31 December 2022 69,741

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 42,535 -
Bank loans 11,237 20,795
Hire purchase contracts 23,636 43,422
77,408 64,217

PARKWALL CARAVANS LIMITED (REGISTERED NUMBER: 05323553)

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


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mrs G A Thomas
Balance outstanding at start of year (2,468 ) (2,558 )
Amounts advanced - 90
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,468 ) (2,468 )

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs G A Thomas.