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REGISTERED NUMBER: 12115703 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Vanlife Conversions Ltd

Vanlife Conversions Ltd (Registered number: 12115703)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Vanlife Conversions Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: O M Arnold
E J Arnold





REGISTERED OFFICE: The Hayloft, Pond Barns Hall Road
Great Bromley
Colchester
Essex
CO7 7TP





REGISTERED NUMBER: 12115703 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Vanlife Conversions Ltd (Registered number: 12115703)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,883 -
Tangible assets 5 10,600 12,489
17,483 12,489

CURRENT ASSETS
Stocks 10,000 6,000
Debtors 6 14,456 4,738
Cash at bank 74,917 97,990
99,373 108,728
CREDITORS
Amounts falling due within one year 7 95,865 96,316
NET CURRENT ASSETS 3,508 12,412
TOTAL ASSETS LESS CURRENT LIABILITIES 20,991 24,901

CREDITORS
Amounts falling due after more than one year 8 (5,000 ) (14,333 )

PROVISIONS FOR LIABILITIES (3,632 ) (2,373 )
NET ASSETS 12,359 8,195

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 12,358 8,194
SHAREHOLDERS' FUNDS 12,359 8,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:



O M Arnold - Director


Vanlife Conversions Ltd (Registered number: 12115703)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

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

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.

Website is being amortised evenly over its estimated useful life of five 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 - 4 year straight line
Computer equipment - 3 year straight line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Vanlife Conversions Ltd (Registered number: 12115703)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 7,000
At 31 July 2024 7,000
AMORTISATION
Charge for year 117
At 31 July 2024 117
NET BOOK VALUE
At 31 July 2024 6,883

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 12,770 2,951 15,721
Additions 890 2,206 3,096
At 31 July 2024 13,660 5,157 18,817
DEPRECIATION
At 1 August 2023 2,591 641 3,232
Charge for year 3,383 1,602 4,985
At 31 July 2024 5,974 2,243 8,217
NET BOOK VALUE
At 31 July 2024 7,686 2,914 10,600
At 31 July 2023 10,179 2,310 12,489

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 465 500
Other debtors 13,991 4,238
14,456 4,738

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 9,334 10,000
Trade creditors 2,850 1,097
Taxation and social security 26,940 25,892
Other creditors 56,741 59,327
95,865 96,316

Vanlife Conversions Ltd (Registered number: 12115703)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 5,000 14,333

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.24 31.7.23
£    £   
Within one year - 8,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary £0.50 1 1

11. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the directors £586 (2023 - £783.) This loan is interest free, repayable on demand and shown within other creditors.