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Company Registration number: 04607019

Blue Dial Caravans Limited

Annual Report and Unaudited
Financial Statements


for the Period from 1 February 2023 to
31 March 2024

 

Blue Dial Caravans Limited

Contents

Pages

Balance sheet

1 to 2

Notes to the financial statements

3 to 7

 

Blue Dial Caravans Limited

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

71,849

24,185

Current assets

 

Stocks

5

48,000

30,250

Debtors

6

715,175

602,295

Cash at bank and in hand

 

240,334

32,412

 

1,003,509

664,957

Creditors: Amounts falling due within one year

7

(596,201)

(207,291)

Net current assets

 

407,308

457,666

Total assets less current liabilities

 

479,157

481,851

Creditors: Amounts falling due after more than one year

7

(11,033)

(24,261)

Provisions for liabilities

(17,957)

(4,595)

Net assets

 

450,167

452,995

Capital and reserves

 

Called up share capital

100

100

Retained earnings

450,067

452,895

Shareholders' funds

 

450,167

452,995

 

Blue Dial Caravans Limited

Balance Sheet as at 31 March 2024 (continued)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 04607019

Approved and authorised by the director on 2 September 2024
 

.........................................
Mr J D Hetherington
Director

 

Blue Dial Caravans Limited

Notes to the financial statements for the Period from 1 February 2023 to 31 March 2024

1

GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Blue Dial Farm
Allonby
Maryport
CA15 6PB

These financial statements were authorised for issue by the director on 2 September 2024.

2

ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

 

Blue Dial Caravans Limited

Notes to the financial statements for the Period from 1 February 2023 to 31 March 2024 (continued)

2

ACCOUNTING POLICIES (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
 

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Motor vehicles

25% reducing balance

Office equipment

25% straight line

Fixtures and fittings

25% reducing balance

Property improvements

10% straight line

 

Blue Dial Caravans Limited

Notes to the financial statements for the Period from 1 February 2023 to 31 March 2024 (continued)

2

ACCOUNTING POLICIES (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3

STAFF NUMBERS

The average number of persons employed by the company (including the director) during the period, was 2 (2023 - 2).

 

Blue Dial Caravans Limited

Notes to the financial statements for the Period from 1 February 2023 to 31 March 2024 (continued)

4

TANGIBLE ASSETS

Property improvements
£

Fixtures and fittings
 £

Motor vehicles
 £

Office equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2023

-

11,928

21,900

1,061

72,613

107,502

Additions

34,390

-

-

-

31,540

65,930

Disposals

-

-

-

-

(19,400)

(19,400)

At 31 March 2024

34,390

11,928

21,900

1,061

84,753

154,032

Depreciation

At 1 February 2023

-

9,700

14,966

935

57,716

83,317

Charge for the period

3,439

650

2,022

126

3,156

9,393

Eliminated on disposal

-

-

-

-

(10,527)

(10,527)

At 31 March 2024

3,439

10,350

16,988

1,061

50,345

82,183

Carrying amount

At 31 March 2024

30,951

1,578

4,912

-

34,408

71,849

At 31 January 2023

-

2,228

6,934

126

14,897

24,185

 

Blue Dial Caravans Limited

Notes to the financial statements for the Period from 1 February 2023 to 31 March 2024 (continued)

5

STOCKS

2024
£

2023
£

Stocks

48,000

30,250

6

DEBTORS

2024
£

2023
£

Trade debtors

77,521

5,184

Other debtors

637,654

597,111

715,175

602,295

7

CREDITORS

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

11,518

9,808

Trade creditors

 

106,814

36,174

Taxation and social security

 

54,458

26,949

Accruals and deferred income

 

222,988

29,013

Other creditors

 

200,423

105,347

 

596,201

207,291

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

11,033

24,261