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REGISTERED NUMBER: 07383073 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

S & L MOTORHOMES LTD

S & L MOTORHOMES LTD (REGISTERED NUMBER: 07383073)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & L MOTORHOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A Firth
M Firth
S Firth





REGISTERED OFFICE: Cliffe Common
Lowmoor Road
Selby
North Yorkshire
YO8 6EF





REGISTERED NUMBER: 07383073 (England and Wales)





ACCOUNTANTS: GPG Accounting Services Ltd
5 Granville Court
Off Granville Mount
Otley
West Yorkshire
LS21 3PB

S & L MOTORHOMES LTD (REGISTERED NUMBER: 07383073)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 404,554 405,719
404,554 405,719

CURRENT ASSETS
Stocks 79,000 67,000
Debtors 5 - 18,000
Cash at bank 3,042 11,127
82,042 96,127
CREDITORS
Amounts falling due within one year 6 132,739 142,310
NET CURRENT LIABILITIES (50,697 ) (46,183 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

353,857

359,536

CREDITORS
Amounts falling due after more than one year 7 (40,966 ) (69,334 )

PROVISIONS FOR LIABILITIES (21,461 ) (21,461 )
NET ASSETS 291,430 268,741

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 291,330 268,641
SHAREHOLDERS' FUNDS 291,430 268,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

S & L MOTORHOMES LTD (REGISTERED NUMBER: 07383073)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 20 September 2024 and were signed on its behalf by:





S Firth - Director


S & L MOTORHOMES LTD (REGISTERED NUMBER: 07383073)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

S & L Motorhomes 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.

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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 25% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

S & L MOTORHOMES LTD (REGISTERED NUMBER: 07383073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 December 2022 375,000 66,120 441,120
Additions - 5,476 5,476
At 30 November 2023 375,000 71,596 446,596
DEPRECIATION
At 1 December 2022 - 35,401 35,401
Charge for year - 6,641 6,641
At 30 November 2023 - 42,042 42,042
NET BOOK VALUE
At 30 November 2023 375,000 29,554 404,554
At 30 November 2022 375,000 30,719 405,719

Cost or valuation at 30 November 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 375,000 71,596 446,596

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 160,394 160,394

Value of land in freehold land and buildings 214,606 214,606

Freehold land and building were valued on an open market basis on 30 November 2023 by the directors' .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors - 18,000

S & L MOTORHOMES LTD (REGISTERED NUMBER: 07383073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 25,475 25,475
Hire purchase contracts 5,704 9,387
Trade creditors 19,080 20,299
Taxation and social security 57,173 78,924
Other creditors 25,307 8,225
132,739 142,310

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 36,107 61,924
Hire purchase contracts 4,859 7,410
40,966 69,334