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REGISTERED NUMBER: 06813560 (England and Wales)





WOODLAND MOTORHOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






WOODLAND MOTORHOMES LIMITED (REGISTERED NUMBER: 06813560)

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


WOODLAND MOTORHOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr L Sowerby





REGISTERED OFFICE: Timberland Motorhomes
A617 Westbound, Heath
Chesterfield
Derbyshire
S44 5SW





REGISTERED NUMBER: 06813560 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

WOODLAND MOTORHOMES LIMITED (REGISTERED NUMBER: 06813560)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 30,918 36,415
Tangible assets 6 140,914 191,196
171,832 227,611

CURRENT ASSETS
Stocks 3,819,465 2,007,327
Debtors 7 198,204 12,215
Cash at bank and in hand 273,755 252,356
4,291,424 2,271,898
CREDITORS
Amounts falling due within one year 8 2,203,876 537,083
NET CURRENT ASSETS 2,087,548 1,734,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,259,380

1,962,426

PROVISIONS FOR LIABILITIES 30,915 40,311
NET ASSETS 2,228,465 1,922,115

CAPITAL AND RESERVES
Called up share capital 1,302 1,300
Retained earnings 2,227,163 1,920,815
SHAREHOLDERS' FUNDS 2,228,465 1,922,115

WOODLAND MOTORHOMES LIMITED (REGISTERED NUMBER: 06813560)

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 director acknowledges his 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 director and authorised for issue on 26 September 2024 and were signed by:





Mr L Sowerby - Director


WOODLAND MOTORHOMES LIMITED (REGISTERED NUMBER: 06813560)

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


1. STATUTORY INFORMATION

Woodland Motorhomes 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 net of Value Added Tax and trade discounts. Turnover from the sale of motorhomes and related accessories is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, this is usually on collection of the Motorhome.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 - 20% straight line
Fixtures and fittings - 15% straight line
Motor vehicles - 25% straight line
Computer equipment - 33% straight line

WOODLAND MOTORHOMES LIMITED (REGISTERED NUMBER: 06813560)

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


3. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

WOODLAND MOTORHOMES LIMITED (REGISTERED NUMBER: 06813560)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

WOODLAND MOTORHOMES LIMITED (REGISTERED NUMBER: 06813560)

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


5. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023
and 31 December 2023 54,893
AMORTISATION
At 1 January 2023 18,478
Amortisation for year 5,497
At 31 December 2023 23,975
NET BOOK VALUE
At 31 December 2023 30,918
At 31 December 2022 36,415

WOODLAND MOTORHOMES LIMITED (REGISTERED NUMBER: 06813560)

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


6. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 27,625 102,297 48,421
Additions 26,321 701 -
Disposals (26,321 ) (22,701 ) -
At 31 December 2023 27,625 80,297 48,421
DEPRECIATION
At 1 January 2023 2,194 77,594 27,835
Charge for year 11,638 12,813 4,807
Eliminated on disposal (140 ) (11,951 ) -
At 31 December 2023 13,692 78,456 32,642
NET BOOK VALUE
At 31 December 2023 13,933 1,841 15,779
At 31 December 2022 25,431 24,703 20,586

WOODLAND MOTORHOMES LIMITED (REGISTERED NUMBER: 06813560)

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


6. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 275,958 104,883 559,184
Additions 24,580 1,446 53,048
Disposals (48,243 ) - (97,265 )
At 31 December 2023 252,295 106,329 514,967
DEPRECIATION
At 1 January 2023 165,843 94,522 367,988
Charge for year 30,297 5,836 65,391
Eliminated on disposal (47,235 ) - (59,326 )
At 31 December 2023 148,905 100,358 374,053
NET BOOK VALUE
At 31 December 2023 103,390 5,971 140,914
At 31 December 2022 110,115 10,361 191,196

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,000 3,763
Amounts owed by related parties 158,755 -
Prepayments and accrued income 7,449 8,452
198,204 12,215

WOODLAND MOTORHOMES LIMITED (REGISTERED NUMBER: 06813560)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 1,868,549 173,161
Hire purchase contracts (see note 9) - 33,287
Trade creditors 131,059 135,890
Corporation tax 130,403 108,695
Social security and other taxes 4,996 2,693
VAT 24,758 44,318
Other creditors 2,147 6,617
Credit card 8,460 6,544
Wages control account 2,408 13,973
Directors' current accounts 1,450 -
Accruals and deferred income 29,646 11,905
2,203,876 537,083

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year - 33,287

WOODLAND MOTORHOMES LIMITED (REGISTERED NUMBER: 06813560)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 33,287

2023 2022

Black Horse stocking loan 1,037,233 173,161
Wells Fargo 831,316 -
1,868,549 173,161


On the 8 June 2010 the company granted a debenture on behalf of Black Horse Limited as a Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures and fittings.








11. RELATED PARTY DISCLOSURES

During the year the key management were remunerated £11,968 (2022 - £23,665)