REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2023 |
for |
W.M. Camping Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2023 |
for |
W.M. Camping Limited |
W.M. Camping Limited (Registered number: 01470567) |
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 |
W.M. Camping Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Thatcher House |
12 Mount Ephraim |
Tunbridge Wells |
Kent |
TN4 8AS |
W.M. Camping Limited (Registered number: 01470567) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 10 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
W.M. Camping Limited (Registered number: 01470567) |
Balance Sheet - continued |
31 December 2023 |
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 |
W.M. Camping Limited (Registered number: 01470567) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
W.M. Camping Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TURNOVER |
Turnover represents net invoiced sales of goods, excluding value added tax. |
TANGIBLE FIXED ASSETS |
Plant and machinery | - |
Computer & Equipment | - |
STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
DEFERRED TAX |
Deferred tax is not recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
W.M. Camping Limited (Registered number: 01470567) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | & Equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2023 |
and 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Tax |
VAT |
Prepayments |
The directors consider the carrying value of trade and other receivables approximate to their fair values. |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Social security and other tax |
VAT | 1,344 | - |
Other creditors |
Directors' current accounts | 26,087 | 9,437 |
Accrued expenses |
The directors consider the carrying amounts of current liabilities approximate to their fair values. |
W.M. Camping Limited (Registered number: 01470567) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank overdrafts |
Bank loans |
A fixed and floating charge was registered by HSBC Bank Plc (formerly Midland Bank Plc) on 5 November 1982 on all monies due or to become due from the company to the chargee on any account whatsoever including a fixed charge on all book debts and other debts owing to the company as well as a floating charge on the undertaking and all property and assets present and future including book debts (excluding those mentioned above) and uncalled capital. |
A further charge was registered by HSBC Bank Plc (formerly Midland Bank Plc) on 7 September 1995 on all monies due or to become due from the company to the chargee on any account whatsoever including a fixed charge on all goodwill and uncalled capital for the time being of the company, and all patents, patent applications, inventions, trade marks, trade names, etc. |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 January 2023 | ( |
) |
Deficit for the year | ( |
) |
At 31 December 2023 | ( |
) |
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve. |
11. | RELATED PARTY DISCLOSURES |
During the year, company paid £nil (2022 : £8,065) for Consultancy fees to Director's son, James Warrington. |
12. | ULTIMATE CONTROLLING PARTY |
Mr D Warrington is the ultimate controlling party due to the majority shareholding held in the company. |
W.M. Camping Limited (Registered number: 01470567) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
13. | GOING CONCERN |
The accounts have been prepared under a going concern basis. The director is willing to continue to support the company for the foreseeable future. The bank overdraft is secured by a fixed and floating charge on the assets of the company and also by a guarantee given by the director. |