Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activityfalsefalse2023-08-01false1515trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC269547 2023-08-01 2024-07-31 SC269547 2022-08-01 2023-07-31 SC269547 2024-07-31 SC269547 2023-07-31 SC269547 c:CompanySecretary1 2023-08-01 2024-07-31 SC269547 c:Director1 2023-08-01 2024-07-31 SC269547 c:Director2 2023-08-01 2024-07-31 SC269547 c:Director2 2024-07-31 SC269547 c:RegisteredOffice 2023-08-01 2024-07-31 SC269547 d:Buildings 2023-08-01 2024-07-31 SC269547 d:Buildings 2024-07-31 SC269547 d:Buildings 2023-07-31 SC269547 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC269547 d:PlantMachinery 2023-08-01 2024-07-31 SC269547 d:PlantMachinery 2024-07-31 SC269547 d:PlantMachinery 2023-07-31 SC269547 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC269547 d:MotorVehicles 2023-08-01 2024-07-31 SC269547 d:MotorVehicles 2024-07-31 SC269547 d:MotorVehicles 2023-07-31 SC269547 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC269547 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC269547 d:CurrentFinancialInstruments 2024-07-31 SC269547 d:CurrentFinancialInstruments 2023-07-31 SC269547 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC269547 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC269547 d:ShareCapital 2024-07-31 SC269547 d:ShareCapital 2023-07-31 SC269547 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC269547 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC269547 c:OrdinaryShareClass1 2023-08-01 2024-07-31 SC269547 c:OrdinaryShareClass1 2024-07-31 SC269547 c:OrdinaryShareClass1 2023-07-31 SC269547 c:FRS102 2023-08-01 2024-07-31 SC269547 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC269547 c:FullAccounts 2023-08-01 2024-07-31 SC269547 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC269547 6 2023-08-01 2024-07-31 SC269547 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC269547










EAST NEUK CAMPERVANS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
EAST NEUK CAMPERVANS LTD
 

COMPANY INFORMATION


Directors
Mr Darren Lynch 
Mr David Lynch (resigned 17 September 2024)




Company secretary
Mrs Angela Lynch



Registered number
SC269547



Registered office
Unit 1, St Andrews Road
Anstruther

Fife

KY10 3HA




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
EAST NEUK CAMPERVANS LTD
REGISTERED NUMBER: SC269547

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
418,758
432,435

Investments
 5 
5,000
5,000

  
423,758
437,435

Current assets
  

Stocks
  
335,851
269,097

Debtors: amounts falling due within one year
 6 
5,137
21,223

Cash at bank and in hand
  
2,144,103
1,721,967

  
2,485,091
2,012,287

Creditors: amounts falling due within one year
 7 
(302,618)
(126,724)

Net current assets
  
 
 
2,182,473
 
 
1,885,563

Total assets less current liabilities
  
2,606,231
2,322,998

Provisions for liabilities
  

Deferred tax
  
(12,048)
(16,143)

  
 
 
(12,048)
 
 
(16,143)

Net assets
  
2,594,183
2,306,855


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
2,594,181
2,306,853

  
2,594,183
2,306,855


Page 1

 
EAST NEUK CAMPERVANS LTD
REGISTERED NUMBER: SC269547

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 by: 




Mr Darren Lynch
Director

Date: 28 February 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EAST NEUK CAMPERVANS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

East Neuk Campervans Ltd is a private company, limited by shares and incorporated in Scotland, registration number SC269547. The registered office address is Unit 1, St Andrews Road, Anstruther, Fife, KY10 3HA.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
EAST NEUK CAMPERVANS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Heritable property
-
No depreciation charge
Plant and machinery
-
10% and 20% Straight Line
Motor vehicles
-
20% Straight Line

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.

Page 4

 
EAST NEUK CAMPERVANS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Stocks

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. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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 profit or loss.

 
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.

Financial instruments are recognised in the Company's Statement of financial position 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.

 
2.10

Dividends

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 15).

Page 5

 
EAST NEUK CAMPERVANS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Heritable Property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 August 2023
355,485
133,762
86,471
575,718


Additions
-
-
3,850
3,850



At 31 July 2024

355,485
133,762
90,321
579,568



Depreciation


At 1 August 2023
-
73,774
69,509
143,283


Charge for the year on owned assets
-
13,419
4,108
17,527



At 31 July 2024

-
87,193
73,617
160,810



Net book value



At 31 July 2024
355,485
46,569
16,704
418,758



At 31 July 2023
355,485
59,988
16,962
432,435


5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 August 2023
5,000



At 31 July 2024
5,000




Page 6

 
EAST NEUK CAMPERVANS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,366
1,196

Other debtors
-
16,896

Prepayments and accrued income
3,771
3,131

5,137
21,223


Included in other debtors are loans due from the directors amounting to £Nil (2023 - £16,896).
Interest is charged at official rates.


7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
122,728
20,192

Other taxation and social security
163,530
89,046

Other creditors (incl directors loans)
9,300
9,250

Accruals and deferred income
7,060
8,236

302,618
126,724



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



Page 7