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REGISTERED NUMBER: 08764487 (England and Wales)












PRESTON CARAVANS AND MOTORHOMES LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2022 TO 31 DECEMBER 2023






PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Notes to the Financial Statements 14


PRESTON CARAVANS AND MOTORHOMES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: Miss K L Campbell
Mrs C Campbell
Miss C S Campbell
A G Campbell
R S Clarkson
A C Hulme





REGISTERED OFFICE: Blackpool Road
Near Clifton
Preston
Lancashire
PR4 0XL





REGISTERED NUMBER: 08764487 (England and Wales)





AUDITORS: Rushtons
Chartered Accountants
Statutory Auditors
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

STRATEGIC REPORT
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

The directors present their strategic report for the period 1 September 2022 to 31 December 2023.

REVIEW OF BUSINESS
The principal activity of the company in the period under review was that of caravan and motorhome retailers.

The directors are satisfied with the results in the period particularly with the company managing to maintain turnover and margins in a competitive market.

Administrative expenses have been controlled overall due to the close monitoring by the directors.

The directors consider the key performance indicators to be turnover, margins and profit.

31.12.2023 31.08.2022
Gross profit margin 15.3% 16.1%
Operating profit margin 4.1% 7.4%
EBITDA £1,232k £1,471k

PRINCIPAL RISKS AND UNCERTAINTIES
The main risks going forward are seen to be general cost of living issues and challenging trading conditions. The directors are confident that with a strong management team, a healthy balance sheet and a cash surplus, the company can maintain and hopefully increase its market share.


PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

STRATEGIC REPORT
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023


Promoting the company’s success
As one of the largest caravan and motorhome businesses in the UK, we are constantly looking to maintain our standards and always look for new and innovative ways to engage with our customers.

The customer’s journey is very important to us and much of our decision making and planning is centred on creating the best experience we can.

We continue to invest in our properties and technology to give us a cutting edge within the sector.

Our marketing department continues to promote our business using the most up to date social media platforms and website.

Our employees
Our staff retention is generally good with many members of staff having been with us since the business started over ten years ago.

We achieve this by fostering a family atmosphere with social gatherings and encouraging an inclusive decision-making process.

Our suppliers
We work closely with all of our suppliers and have a productive working relationship at all levels of the business.

Our customers
We invest time and money in ensuring our customer's journey matches and even exceeds the expectations of our customers buying any product from us.

Our Community
We are a local family run company and have contributed to local charities within our communities and have supported local causes when linked to our colleagues.

ON BEHALF OF THE BOARD:





A G Campbell - Director


14 October 2024

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

REPORT OF THE DIRECTORS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

The directors present their report with the financial statements of the company for the period 1 September 2022 to 31 December 2023.

DIVIDENDS
No interim dividend was paid during the period. The directors recommend a final dividend of 0.8928572 per share.

The total distribution of dividends for the period ended 31 December 2023 will be £ 1,250,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2022 to the date of this report.

Miss K L Campbell
Mrs C Campbell
Miss C S Campbell
A G Campbell
R S Clarkson
A C Hulme

Other changes in directors holding office are as follows:

N Rowlands - resigned 17 October 2022

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

REPORT OF THE DIRECTORS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Rushtons, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





A G Campbell - Director


14 October 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PRESTON CARAVANS AND MOTORHOMES LIMITED

Qualified opinion
We have audited the financial statements of Preston Caravans and Motorhomes Limited (the 'company') for the period ended 31 December 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of
its profits for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice; and
-have been prepared in accordance with the requirement of the Companies Act 2006.

Basis for qualified opinion
We have been unable to obtain sufficient appropriate audit evidence regarding the opening balances of the company. Specifically, this was in relation to historic debtor balances totalling £611,676 and historic creditor balances totalling £751,587. The impact of this is that the Retained Earnings at 1 September 2022 of £1,402,129 were potentially understated by £139,911, being the difference of the debtor and creditor balances. This may have related to several previous accounting periods.

Adjustments have been made in this financial period to remove the historic balances from the Balance Sheet at 31 December 2023.

The company has since moved to a new accounting system in 2024 to improve the recording of these balances.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PRESTON CARAVANS AND MOTORHOMES LIMITED


Other information
As described in the basis for the qualified opinion section of our report, we were unable to satisfy ourselves concerning the opening balances of the company which may have an impact on the financial information detailed in the Strategic report.

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
Except for the possible effects of the matter described in the basis for qualified opinion section of our report, in our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statement are prepared is consistent with the financial statements;
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements;

Matters on which we are required to report by exception
Except for the matter described in the basis for qualified opinion section of our report, in the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic or the directors' report.

Arising soley from the limitation on the scope of our work relating to opening balances, referred to above:
- we have not obtained all the information and explanations that we considered necessary for
the purpose of our audit; and
- we were unable to determine whether adequate accounting records have been kept.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 require us to report to you if, in our opinion:

- returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PRESTON CARAVANS AND MOTORHOMES LIMITED


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PRESTON CARAVANS AND MOTORHOMES LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- The nature of the industry and sector, control environment and business performance.
- Enquiring of management, including obtaining and reviewing supporting documentation,
concerning the company's policies and procedures relating to:
- Identifying, evaluating and complying with laws and regulations and whether they were
aware of any instances of non-compliance;
- Detecting and responding to the risks of fraud and whether they have knowledge of any
actual, suspected or alleged fraud;
- The internal controls established to mitigate risks related to fraud or non-compliance with
laws and regulations.
- Discussing among the engagement team regarding how and where fraud might occur in the
financial statements and any potential indicators of fraud, and;
- Obtaining an understanding of the legal and regulatory frameworks that the company
operates in, focusing on those laws and regulations that had a direct effect on the financial
statements, such as provisions of the UK Companies Act, pensions legislation and tax
legislation or that had a fundamental effect on the operations of the company, including the
General Data Protection requirements, Anti-bribery and corruption policies and
Environmental laws and regulations pertaining to this industry.

In addition to the above, our procedures to respond to risks identified included the following:
- Reviewing the financial statement disclosures and testing to supporting documentation to
assess compliance with provisions of relevant laws and regulations described as having a
direct effect on the financial statements;
- Enquiring of management concerning actual and potential litigation and claims;
- Performing analytical procedures to identify any unusual or unexpected relationships that
may indicate risks of material misstatement due to fraud;
- Reading available minutes of meetings of those charged with governance; and
- Reviewing available nominal ledgers to identify unusual transactions.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PRESTON CARAVANS AND MOTORHOMES LIMITED

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Adam Calvert ACA (Senior Statutory Auditor)
for and on behalf of Rushtons
Chartered Accountants
Statutory Auditors
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

16 October 2024

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

STATEMENT OF COMPREHENSIVE
INCOME
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

Period
1.9.22
to Year Ended
31.12.23 31.8.22
Notes £    £   

TURNOVER 3 29,063,738 19,584,220

Cost of sales 24,620,203 16,437,403
GROSS PROFIT 4,443,535 3,146,817

Administrative expenses 3,375,285 1,828,134
1,068,250 1,318,683

Other operating income 136,706 136,725
OPERATING PROFIT 5 1,204,956 1,455,408

Interest receivable and similar
income

31,590

14,368
1,236,546 1,469,776

Interest payable and similar
expenses

6

946

78,850
PROFIT BEFORE TAXATION 1,235,600 1,390,926

Tax on profit 7 280,838 257,262
PROFIT FOR THE FINANCIAL
PERIOD

954,762

1,133,664

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 57,390 23,808

CURRENT ASSETS
Stocks 10 6,728,248 3,844,646
Debtors 11 2,257,736 2,132,605
Cash at bank 1,168,913 3,627,033
10,154,897 9,604,284
CREDITORS
Amounts falling due within one year 12 6,958,790 6,085,260
NET CURRENT ASSETS 3,196,107 3,519,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,253,497

3,542,832

PROVISIONS FOR LIABILITIES 14 11,855 5,952
NET ASSETS 3,241,642 3,536,880

CAPITAL AND RESERVES
Called up share capital 15 1,400,000 1,400,000
Other reserves 16 734,751 734,751
Retained earnings 16 1,106,891 1,402,129
SHAREHOLDERS' FUNDS 3,241,642 3,536,880

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





A G Campbell - Director


PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 September 2021 1,400,000 1,518,465 734,751 3,653,216

Changes in equity
Dividends - (1,250,000 ) - (1,250,000 )
Total comprehensive income - 1,133,664 - 1,133,664
Balance at 31 August 2022 1,400,000 1,402,129 734,751 3,536,880

Changes in equity
Dividends - (1,250,000 ) - (1,250,000 )
Total comprehensive income - 954,762 - 954,762
Balance at 31 December 2023 1,400,000 1,106,891 734,751 3,241,642

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Preston Caravans and 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements comprise information pertaining to this company only, not the group of companies to which the company belongs.

The presentation currency of the financial statements is that of Pounds Sterling and amounts are rounded to £1.

The period end date has been extended to include four additional months to the current reporting date of 31 December 2023. The reason for this change was to move the previous period end out of the busier summer months to the less busy winter months. The comparative period is for 12 months only and as such, may not be entirely comparable.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates
In determining the carrying amounts of certain assets and liabilities, the group makes calculated assumptions based on the effects of uncertain future events on those assets and liabilities at the balance sheet date. The group's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 cost
Motor vehicles - 25% on cost

Where appropriate the estimated residual value of the assets are taken into account when calculating depreciation.

Tangible fixed assets recognition
Tangible fixed assets are initially recognised at cost. After initial recognition, tangible fixed assets are included at cost less any accumulated depreciation.

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

There are stock provisions netted off the value of stock in the accounts. The policy is to reduce the cost of each motorhome or caravan by 25% per annum, so that by year four of being held, the stock value is reduced to £nil.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank accounts, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, and any borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicated otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

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.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

Period
1.9.22
to Year Ended
31.12.23 31.8.22
£    £   
United Kingdom 29,003,905 19,385,892
Rest of World 59,833 198,328
29,063,738 19,584,220

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

4. EMPLOYEES AND DIRECTORS
Period
1.9.22
to Year Ended
31.12.23 31.8.22
£    £   
Wages and salaries 1,661,256 1,164,871
Social security costs 178,254 114,616
Other pension costs 27,132 20,531
1,866,642 1,300,018

The average number of employees during the period was as follows:
Period
1.9.22
to Year Ended
31.12.23 31.8.22

Sales and customer service 16 16
Workshop 17 16
Management and administration 11 11
44 43

Period
1.9.22
to Year Ended
31.12.23 31.8.22
£    £   
Directors' remuneration 402,240 125,276
Directors' pension contributions to money purchase schemes 3,613 -

Information regarding the highest paid director for the period ended 31 December 2023 is as follows:
Period
1.9.22
to
31.12.23
£   
Emoluments etc 83,487
Pension contributions to money purchase schemes 1,761

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

5. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.9.22
to Year Ended
31.12.23 31.8.22
£    £   
Depreciation - owned assets 27,214 15,762
Auditors' remuneration 10,000 7,200
Auditors' remuneration for non audit work 10,000 7,200

6. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1.9.22
to Year Ended
31.12.23 31.8.22
£    £   
Finance company interest 946 850
Directors' loan interest - 78,000
946 78,850

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
Period
1.9.22
to Year Ended
31.12.23 31.8.22
£    £   
Current tax:
UK corporation tax 274,935 267,135
Adjustment re prior periods - (8,521 )
Total current tax 274,935 258,614

Deferred tax 5,903 (1,352 )
Tax on profit 280,838 257,262

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

8. DIVIDENDS
Period
1.9.22
to Year Ended
31.12.23 31.8.22
£    £   
Ordinary shares of £1 each
Final 1,250,000 1,250,000

9. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2022 95,108 23,855 118,963
Additions 58,296 2,500 60,796
At 31 December 2023 153,404 26,355 179,759
DEPRECIATION
At 1 September 2022 75,760 19,395 95,155
Charge for period 22,438 4,776 27,214
At 31 December 2023 98,198 24,171 122,369
NET BOOK VALUE
At 31 December 2023 55,206 2,184 57,390
At 31 August 2022 19,348 4,460 23,808

10. STOCKS
2023 2022
£    £   
Stock 6,728,248 3,844,646

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,419 79,916
Amounts owed by group undertakings 984,484 -
Other debtors 59,160 -
Amounts owed by related party 660,658 1,621,773
Prepayments and accrued income 529,015 430,916
2,257,736 2,132,605

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 13)
-

4,970
Payments on account 530,249 1,211,949
Trade creditors 5,803,039 3,359,877
Tax 274,935 267,135
Social security and other taxes 32,837 46,666
VAT 33,574 268,977
Directors' current accounts 93,963 448,461
Accruals and deferred income 190,193 477,225
6,958,790 6,085,260

13. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 4,970

Non-cancellable operating leases
2023 2022
£    £   
Within one year 20,388 -
Between one and five years 31,134 -
51,522 -

14. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 11,855 5,952

Deferred
tax
£   
Balance at 1 September 2022 5,952
Charge to Statement of Comprehensive Income during period 5,903
Balance at 31 December 2023 11,855

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,400,000 Ordinary £1 1,400,000 1,400,000

16. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 September 2022 1,402,129 734,751 2,136,880
Profit for the period 954,762 954,762
Dividends (1,250,000 ) (1,250,000 )
At 31 December 2023 1,106,891 734,751 1,841,642

17. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2023 and the year ended 31 August 2022:

2023 2022
£    £   
A G Campbell and Mrs C Campbell
Balance outstanding at start of period (448,461 ) (731,615 )
Amounts advanced 580,848 377,654
Amounts repaid (226,350 ) (94,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (93,963 ) (448,461 )

18. RELATED PARTY DISCLOSURES

Included within debtors is an amount of £660,658 (2022: £991,490) due from Campers Caravans Limited, a company with common directors. Sales made to Campers Caravans Limited in the period totalled £796,851 (2022: £nil).

Also included within debtors is an amount of £336,857 (2022: £775,863) due from Motorhome Rent UK Limited, a company with common directors. Sales made to Motorhome Rent UK Limited in the period totalled £197,110 (2022: £241,080).

PRESTON CARAVANS AND MOTORHOMES LIMITED (REGISTERED NUMBER: 08764487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

19. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Runshaw Holdings Limited, incorporated in the United Kingdom. The ultimate parent company is Runshaw Holdings Limited. Consolidated financial statements are prepared for the group. These are made available to the public and may be obtained from:

The Registrar of Companies
Companies House
Crown Way
Cardiff
CF14 3UZ.

The parent company shares the same registered office as the company, which is detailed on the company information page.