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REGISTERED NUMBER: 11166407 (England and Wales)


















NORTH WALES CARAVANS & LEISURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






NORTH WALES CARAVANS & LEISURE LIMITED (REGISTERED NUMBER: 11166407)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NORTH WALES CARAVANS & LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: A S Salisbury Esq





REGISTERED OFFICE: First Floor Suite
23 Trinity Square
LLANDUDNO
Conwy
LL30 2RH





REGISTERED NUMBER: 11166407 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

NORTH WALES CARAVANS & LEISURE LIMITED (REGISTERED NUMBER: 11166407)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,880 55,151

CURRENT ASSETS
Stocks 236,596 197,075
Debtors 5 28,677 30,717
Cash at bank and in hand 110,124 126,345
375,397 354,137
CREDITORS
Amounts falling due within one year 6 106,912 103,013
NET CURRENT ASSETS 268,485 251,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,365

306,275

CREDITORS
Amounts falling due after more than one year 7 419,000 385,779
NET LIABILITIES (102,635 ) (79,504 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (102,735 ) (79,604 )
SHAREHOLDERS' FUNDS (102,635 ) (79,504 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NORTH WALES CARAVANS & LEISURE LIMITED (REGISTERED NUMBER: 11166407)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


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 director and authorised for issue on 17 March 2025 and were signed by:





A S Salisbury Esq - Director


NORTH WALES CARAVANS & LEISURE LIMITED (REGISTERED NUMBER: 11166407)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

North Wales Caravans & Leisure 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. 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.

Revenue recognition
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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

NORTH WALES CARAVANS & LEISURE LIMITED (REGISTERED NUMBER: 11166407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Fixtures
property and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 7,855 78,406 6,655 92,916
Additions - 122 25 147
At 30 June 2024 7,855 78,528 6,680 93,063
DEPRECIATION
At 1 July 2023 - 32,758 5,007 37,765
Charge for year - 6,866 552 7,418
At 30 June 2024 - 39,624 5,559 45,183
NET BOOK VALUE
At 30 June 2024 7,855 38,904 1,121 47,880
At 30 June 2023 7,855 45,648 1,648 55,151

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 400 5,250
Prepayments 4,850 7,357
5,250 12,607

NORTH WALES CARAVANS & LEISURE LIMITED (REGISTERED NUMBER: 11166407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Deferred tax asset 23,427 18,110

Aggregate amounts 28,677 30,717

The deferred tax asset relates to tax losses carried forward.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,000 21,000
Trade creditors 74,914 66,096
Social security and other taxes 8,591 5,587
Other creditors 6,649 4,399
Accruals 758 5,931
106,912 103,013

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 52,748 59,864
Other bank loan 40,115 36,252
Director's loan account 326,137 289,663
419,000 385,779

The bank loan is secured by a fixed and floating charge over the assets of the company.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 27,620

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100