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REGISTERED NUMBER: 04932000 (England and Wales)















Herald Caravans Limited

Financial Statements for the Year Ended 31 October 2024






Herald Caravans Limited (Registered number: 04932000)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


Herald Caravans Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: B J Jackson



REGISTERED OFFICE: Herald Caravans
Castle Cary (A371)
Castle Cary
Somerset
BA7 7PF



REGISTERED NUMBER: 04932000 (England and Wales)



AUDITORS: Maxwells
Chartered Accountants
and Statutory Auditor
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank Plc
Bristol City Office
PO Box No 3232
32 Corn Street
Bristol
BS1 9LE

Herald Caravans Limited (Registered number: 04932000)

Abridged Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 45,610 180,209

CURRENT ASSETS
Stocks 265,024 255,552
Debtors 43,370 14,395
308,394 269,947
CREDITORS
Amounts falling due within one year 225,081 223,786
NET CURRENT ASSETS 83,313 46,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,923

226,370

CREDITORS
Amounts falling due after more than one
year

-

(1,699

)

PROVISIONS FOR LIABILITIES (10,000 ) (33,750 )
NET ASSETS 118,923 190,921

CAPITAL AND RESERVES
Called up share capital 44,445 44,445
Retained earnings 74,478 146,476
SHAREHOLDERS' FUNDS 118,923 190,921

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 January 2025 and were signed by:





B J Jackson - Director


Herald Caravans Limited (Registered number: 04932000)

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

1. STATUTORY INFORMATION

Herald Caravans 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

At the time of approving the financial statements the director has a reasonable expectation that the Company has adequate resources to continue in operation existence for the foreseeable future.
The director therefore deems the Company able to continue as a going concern.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and Straight line over 20 years

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.

Herald Caravans Limited (Registered number: 04932000)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 385,530
Additions 2,835
Disposals (204,772 )
At 31 October 2024 183,593
DEPRECIATION
At 1 November 2023 205,321
Charge for year 10,029
Eliminated on disposal (77,367 )
At 31 October 2024 137,983
NET BOOK VALUE
At 31 October 2024 45,610
At 31 October 2023 180,209

6. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank overdrafts 44,521 34,216
Bank loans 16,458 26,532
60,979 60,748

Bank loans and overdrafts are secured over the assets of the company.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nigel Blannin (Senior Statutory Auditor)
for and on behalf of Maxwells

Herald Caravans Limited (Registered number: 04932000)

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

8. RELATED PARTY DISCLOSURES

The company owes £45,000 to a family member of the director as part of a commercial loan. Interest at a market rate is paid on this loan annually, and all transactions involved were at arms length.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B J Jackson.