Registered number:
FOR THE YEAR ENDED 30 APRIL 2024
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
COMPANY INFORMATION
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
CONTENTS
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024
The principal activity of the Company during the year was that of caravan retail and distribution. The Company sells a variety of tourers, static caravans and motor homes from different manufacturers.
In addition, the Company operates a residential caravan park, situated at Peterborough, and two holiday parks. Pioneer Holiday Park has 295 plots at Heacham and contributes to the East Wash Coastal Management, which was formed several years ago after government funding was withdrawn. Wyndham Holiday Park has 160 plots at East Runton and is close to Cromer with a view of Cromer pier. Both parks sell new and previously owned static holiday homes and have a small hire fleet. The Company has had another good year with turnover of £15.6m. This is an decrease of £1.7m compared with turnover of £17.3m in the previous financial year. Within the sales figure, we have seen an increase in the sale of new tourers and second hand motorhomes. However, there is a significant decrease in new statics. Overall, we can see that there are still a lot of people who want to holiday in the UK. Profit after tax for the year after tax is just over £805,624 compared to £1.2m last year, which is still a very good result for the Company. Net assets have increased by £486k and stand at £15.3m as at the year end. There are no bank loans meaning that with the exception of a relatively small value of obligations under finance lease and hire purchase contracts, the Company is essentially debt free. The current economic climate continues to make it challenging for the business operating in the leisure industry, where most spending is discretionary, however, spending in this area appears to be increasing overall. The Company continues to maintain a strong balance sheet and therefore the Director considers the risks to the business are related to the adequate supply of suitable caravans for resale. The Company continues to manage its cash and borrowing requirements to maximise interest income and minimise interest expense, whilst ensuring that the company has sufficient liquid resources to meet the operating needs of the business. The Company is a family run business with emphasis on customer service. Many staff members have been with the Company for over 10 years and have a wealth of experience, which gives new and loyal customers the familiarity and personal touch required to supply caravans through the generations. The Director uses a number of key financial performance indicators to evaluate the company's performance. At a managerial level the number of units sold is essential but based on financial information we monitor: My grateful thanks go to all our staff whose efforts and professionalism have allowed the business to continue to trade profitably.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Following successful improvements to our Peterborough showroom we have now turned our attention to the maintenance/workshop areas with a view to improving facilities to accommodate longer and wider caravans as well as an increase in servicing of motorhomes, improving customer experience and staff welfare. Within the plans we aim to reduce our carbon footprint with solar panels, increased insulation and efficient heating. Our five year plan to improve our Holiday Park at Heacham is proceeding well; replacing electric cables where necessary, road resurfacing and installing new drainage as we move round the park; we expect this to be completed within the next couple of years. Along with our annual contribution to the East Wash Coastal Flood Defences we understand the importance of preserving the Norfolk coast for future generations to enjoy.
Holiday Static Homes are readily available from all manufacturers now the stock shortage has eased and we are busy full-filling our customers forward orders. Our showroom at Peterborough, along with our parks at Heacham and Cromer, remain a go to place for all your Staycation needs with something for everybody, whether Tourer, Motorhome, Static Holiday Home or Residential.
This report was approved by the board and signed on its behalf.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 APRIL 2024
The director presents her report and the financial statements for the year ended 30 April 2024.
The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the director is required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments 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 director is 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 to enable her to ensure that the financial statements comply with the Companies Act 2006. She is 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.
The profit for the year, after taxation, amounted to £805,624 (2023 - £1,261,885).
Particulars of dividends paid are detailed in note 12 to the financial statements.
The director who served during the year was:
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
The company uses financial instruments such as cash, finance leases, debtors and creditors in order to raise finance for the company's operations. The existence of these instruments exposes the company to financial risks which are detailed below;
i) Interest rate risk The company is exposed to interest rate fluctuations on any bank borrowings or obligations under finance lease and hire purchase contracts. ii) Credit risk The principal credit risk for the company arises from its trade debtors. In order to manage credit risk, the Director set limits for customers based on a combination of payment history and third party credit reference. Credit limits are reviewed by the credit controller on a regular basis in conjunction with debt aging and collection history. iii) Liquidity risk and cashflow risk The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet its foreseeable needs and to invest cash assets safely and profitably. Short-term flexibility is achieved by overdraft facilities which are reviewed on an annual basis.
Details concerning principal activities, business review, principal risks and uncertainties, financial key
performance indicators (KPIs) and future developments are included in the Strategic Report.
Under section 487(2) of the Companies Act 2006, MHA will be deemed to have been reappointed as auditor 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
This report was approved by the board and signed on its behalf.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF C.JOHN NORRIS(CARS & CARAVANS)LIMITED
We have audited the financial statements of C.John Norris(Cars & Caravans)Limited (the 'Company') for the year ended 30 April 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, 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).
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 United Kingdom, including the Financial Reporting Council'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 opinion.
In auditing the financial statements, we have concluded that the director's 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 director with respect to going concern are described in the relevant sections of this report.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF C.JOHN NORRIS(CARS & CARAVANS)LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The director is responsible for the other information contained within the Annual Report. 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. 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 course of 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.
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 Report or the Director's Report.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF C.JOHN NORRIS(CARS & CARAVANS)LIMITED (CONTINUED)
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 an Auditor's Report 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
• Enquiry of management and those charged with governance around actual and potential litigation and claims;
• Enquiry of staff to identify any instances of non-compliance with laws and regulations;
• Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness and reviewing accounting estimates for bias; • Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. 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 of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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 Auditor's Report.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF C.JOHN NORRIS(CARS & CARAVANS)LIMITED (CONTINUED)
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 an Auditor's Report 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.
Peterborough, United Kingdom
MHA is the trading name of MacIntyre Hudson LLP, a limited liability partnership in England and Wales (registered number OC312313)
Date:
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2024
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
REGISTERED NUMBER: 00348310
BALANCE SHEET
AS AT 30 APRIL 2024
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
REGISTERED NUMBER: 00348310
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 36 form part of these financial statements.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2024
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 APRIL 2024
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
C.John Norris(Cars & Caravans)Limited (“the Company”) is a private company limited by shares, incorporated in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the company information. The nature of the company's operations and its principal activities are set out in the Strategic report on page 1. The functional and presentational currency of the company is pounds sterling (£) and rounded to the nearest £.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The Director has considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment.
Based on these assessments and having regards to the resources available to the entity, the Director has concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
2.Accounting policies (continued)
Rental income from operating leases is credited to the Statement of comprehensive income on a straight line basis over the term of the relevant lease.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
2.Accounting policies (continued)
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investments in subsidiaries are measured at cost less accumulated impairment.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
2.Accounting policies (continued)
Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight line basis over the period of the lease.
Assets obtained under hire purchase contract and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of comprehensive income so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
2.Accounting policies (continued)
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
2.Accounting policies (continued)
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
separately below), that the director has made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements. Key source of estimation uncertainty - Investment properties fair valuation In accordance with FRS 102, the Company carries its investment properties at fair value at each reporting date. External professional valuers have been appointed historically to provide such valuations so that the Director of the business can be satisfied that they are included at their fair value. Key source of estimation uncertainty - Determining residual values and useful economic lives of property, plant and equipment The Company depreciates tangible assets over their estimated useful lives. The estimation of the useful lives of assets is based on historic performance as well as expectations about future use and therefore requires estimates and assumptions to be applied by management. The actual lives of these assets can vary depending on a variety of factors, including technological innovation, product life cycles and maintenance programmes. Judgment is applied by management when determining the residual values for plant, machinery and equipment. When determining the residual value, management aim to assess the amount that the Company would currently obtain for the disposal of the asset, if it were already of the condition expected at the end of its useful economic life. Where possible this is done with reference to external market prices. Key source of estimation uncertainty - Recoverability of trade debtors The Company recognises a provision for trade debtors that are estimated not to be recoverable. When assessing recoverability, the director considers factors such as the aging of the debtors, past experience of recoverability, and the credit profile of individual or groups of customers.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Page 27
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Page 28
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Page 29
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
14.Tangible fixed assets (continued)
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Page 31
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Page 32
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Page 33
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Revaluation reserve
Special reserve
Profit and loss account
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £70,309 (2023: £35,732).
Contributions totalling £4,884 (2023: £4,658) were payable to the fund at the balance sheet date. This balance is included within other creditors.
During the year, advances of £167,129 (2023: £nil) were made to the director Miss S Norris, of which £167,129 (2023: £nil) was repaid. At the year end £nil (2023: £nil) was owed to the Company.
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C.JOHN NORRIS(CARS & CARAVANS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
The Company was under the control of Miss S Norris throughout the current and previous year.
Page 36
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