Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31true2023-03-01falseMotorhome rental00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12478142 2023-03-01 2024-08-31 12478142 2022-03-01 2023-02-28 12478142 2024-08-31 12478142 2023-02-28 12478142 c:Director1 2023-03-01 2024-08-31 12478142 d:MotorVehicles 2023-03-01 2024-08-31 12478142 d:MotorVehicles 2024-08-31 12478142 d:MotorVehicles 2023-02-28 12478142 d:CurrentFinancialInstruments 2024-08-31 12478142 d:CurrentFinancialInstruments 2023-02-28 12478142 d:Non-currentFinancialInstruments 2024-08-31 12478142 d:Non-currentFinancialInstruments 2023-02-28 12478142 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 12478142 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12478142 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 12478142 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 12478142 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 12478142 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 12478142 d:ShareCapital 2024-08-31 12478142 d:ShareCapital 2023-02-28 12478142 d:RetainedEarningsAccumulatedLosses 2024-08-31 12478142 d:RetainedEarningsAccumulatedLosses 2023-02-28 12478142 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-08-31 12478142 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-02-28 12478142 c:FRS102 2023-03-01 2024-08-31 12478142 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-08-31 12478142 c:FullAccounts 2023-03-01 2024-08-31 12478142 c:PrivateLimitedCompanyLtd 2023-03-01 2024-08-31 12478142 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-08-31 12478142 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-02-28 12478142 d:LeasedAssetsHeldAsLessee 2024-08-31 12478142 d:LeasedAssetsHeldAsLessee 2023-02-28 12478142 e:PoundSterling 2023-03-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 12478142









JAZZY CAMPERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2024

 
JAZZY CAMPERS LIMITED
REGISTERED NUMBER: 12478142

BALANCE SHEET
AS AT 31 AUGUST 2024

31 August
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
42,483

  
-
42,483

Current assets
  

Debtors: amounts falling due within one year
 5 
1
1

Cash at bank and in hand
 6 
639
803

  
640
804

Creditors: amounts falling due within one year
 7 
(15,818)
(33,939)

Net current liabilities
  
 
 
(15,178)
 
 
(33,135)

Total assets less current liabilities
  
(15,178)
9,348

Creditors: amounts falling due after more than one year
 8 
-
(28,018)

  

Net liabilities
  
(15,178)
(18,670)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(15,180)
(18,672)

  
(15,178)
(18,670)


Page 1

 
JAZZY CAMPERS LIMITED
REGISTERED NUMBER: 12478142
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2025.




................................................
Ross Nicholson
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was that of motorhome rentals. The Company ceased trading on 31 August 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss 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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance

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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Tangible fixed assets







Motor vehicles

£





At 1 March 2023
53,104


Disposals
(53,104)



At 31 August 2024

-





At 1 March 2023
10,621


Disposals
(10,621)



At 31 August 2024

-



Net book value



At 31 August 2024
-



At 28 February 2023
42,483

Page 5

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


31 August
28 February
2024
2023
£
£



Motor vehicles
-
42,483

-
42,483


5.


Debtors

31 August
28 February
2024
2023
£
£


Other debtors
1
1

1
1



6.


Cash and cash equivalents

31 August
28 February
2024
2023
£
£

Cash at bank and in hand
639
803

639
803


Page 6

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

31 August
28 February
2024
2023
£
£

Bank loans
-
4,310

Other creditors
14,558
28,429

Accruals and deferred income
1,260
1,200

15,818
33,939


Included in creditors is a director’s loan account balance of £14,558 (2023 - £28,429)  in relation to Ross Nicholson.

The following liabilities were secured:

31 August
28 February
2024
2023
£
£



Bank loans
-
4,310

-
4,310

Details of security provided:

The loan is secured over the asset concerned.

Page 7

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due after more than one year

31 August
28 February
2024
2023
£
£

Bank loans
-
28,018

-
28,018


The following liabilities were secured:

31 August
28 February
2024
2023
£
£



Bank loans
-
28,018

-
28,018

Details of security provided:

The loan is secured over the asset concerned.


9.


Loans


Analysis of the maturity of loans is given below:


31 August
28 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
-
4,310

Amounts falling more than one year

Bank loans
-
28,018



-
32,328


Page 8

 
JAZZY CAMPERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

10.


Financial instruments

31 August
28 February
2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
639
803




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


11.


Controlling party

The Company is controlled by the director, Ross Nicholson, by virtue of his shareholding as described in the director's report.

 
Page 9