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Airfield Caravans Limited
Registered Number:11809782
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
Airfield Caravans Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11809782
As at 29 February 2024
Airfield Caravans Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
43,945
10,258
2
43,945
10,258
Current assets
Inventories
20,400
32,620
3
Trade and other receivables
1,740
9,390
4
31,630
Cash and cash equivalents
2,463
44,473
53,770
Trade and other payables: amounts falling due within one
year
(2,521)
(14,199)
5
51,249
30,274
Net current assets
Total assets less current liabilities
74,219
61,507
Trade and other payables: amounts falling due after more
than one year
-
(20,302)
6
53,917
Net assets
61,507
Capital and reserves
Called up share capital
2
2
Retained earnings
53,915
61,505
53,917
61,507
Shareholders' funds
For the year ended 29 February 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Lee Pook Director
Wesley Toogood Director
These financial statements were approved and authorised for issue by the Board on 13 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 29 February 2024
Airfield Caravans Limited
Notes to the Financial Statements
Statutory Information
Airfield Caravans Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11809782.
Principal place of business:
Unit 29 Weston Business Park
Locking
Weston Super Mare
North Somerset
BS24 8RA
Registered address:
Manor House Farm
Deacons Close
Weston Super Mare
North Somerset
The presentation currency is £ sterling.
Turnover represents amounts receivable in respect of goods and services sold in the period under review, net of VAT
and discounts.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
3 years Straight line
Computer Equipment
25% Reducing balance
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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5
For the year ended 29 February 2024
Airfield Caravans Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 March 2023
19,466
1,018
18,448
38,850
-
38,850
Additions
At 29 February 2024
57,298
1,018
58,316
Provision for depreciation and impairment
At 01 March 2023
9,208
339
8,869
Charge for year
5,163
340
4,823
At 29 February 2024
14,371
679
13,692
At 29 February 2024
Net book value
43,606
339
43,945
At 28 February 2023
9,579
679
10,258
3. Inventories
2023
2024
£
£
Stocks
32,620
20,400
4. Trade and other receivables
2023
2024
£
£
Trade debtors
8,120
-
Prepayments and accrued income
83
83
Taxation and social security
1,187
1,657
1,740
9,390
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6
For the year ended 29 February 2024
Airfield Caravans Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
1,707
626
Accruals and deferred income
2,166
1,025
Directors' loan accounts
1,153
840
Obligations under HP/Financial leases
7,210
-
Other creditors
1,963
30
14,199
2,521
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
20,302
-
7. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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