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REGISTERED NUMBER: 01470567 (England and Wales)










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: D Warrington





SECRETARY: G R Pope





REGISTERED OFFICE: Wealden Forest Park
Herne Common
Herne Bay
Kent
CT6 7LH





REGISTERED NUMBER: 01470567 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
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 4 509 679

CURRENT ASSETS
Stocks 5 113,330 144,535
Debtors 6 4,129 7,768
117,459 152,303
CREDITORS
Amounts falling due within one year 7 (130,272 ) (132,489 )
NET CURRENT (LIABILITIES)/ASSETS (12,813 ) 19,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,304

)

20,493

CREDITORS
Amounts falling due after more than one
year

8

(14,806

)

(24,946

)
NET LIABILITIES (27,110 ) (4,453 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 10 (28,110 ) (5,453 )
SHAREHOLDERS' FUNDS (27,110 ) (4,453 )

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.

W.M. Camping Limited (Registered number: 01470567)

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.

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 13 September 2024 and were signed by:





D Warrington - Director


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 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. 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 represents net invoiced sales of goods, excluding value added tax.

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 - 25% on reducing balance
Computer & Equipment - 25% 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.

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 6 (2022 - 6 ) .

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 1,367 14,590 15,957
DEPRECIATION
At 1 January 2023 1,207 14,071 15,278
Charge for year 40 130 170
At 31 December 2023 1,247 14,201 15,448
NET BOOK VALUE
At 31 December 2023 120 389 509
At 31 December 2022 160 519 679

5. STOCKS
2023 2022
£    £   
Stocks 113,330 144,535

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 615
VAT - 2,547
Prepayments 4,129 4,606
4,129 7,768

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 87,244 80,067
Trade creditors 12,227 39,883
Social security and other tax 949 2,848
VAT 1,344 -
Other creditors 2,243 254
Directors' current accounts 26,087 9,437
Accrued expenses 178 -
130,272 132,489

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 10,397 10,140
Bank loans - 2-5 years 4,409 14,806
14,806 24,946

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 52,396 45,787
Bank loans 49,654 59,226
102,050 105,013

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 (5,453 )
Deficit for the year (22,657 )
At 31 December 2023 (28,110 )

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.