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REGISTERED NUMBER: 01587864 (England and Wales)












CARAVAN PARK ELECTRICAL SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CARAVAN PARK ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 01587864)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CARAVAN PARK ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs C A Toon
J A Waring
P Sykes
Mrs S Brackley
N C Gurnell
S S Sinclair
Mrs K L Smith





REGISTERED OFFICE: Vale Industrial Estate
Spilsby
Lincolnshire
PE23 5HE





REGISTERED NUMBER: 01587864 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Boston)
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

CARAVAN PARK ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 01587864)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,018,981 1,062,013

CURRENT ASSETS
Stocks 1,230,184 1,395,031
Debtors 2,033,875 1,756,763
Cash at bank 796,255 274,172
4,060,314 3,425,966
CREDITORS
Amounts falling due within one year 1,499,694 960,571
NET CURRENT ASSETS 2,560,620 2,465,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,579,601

3,527,408

PROVISIONS FOR LIABILITIES 155,617 159,028
NET ASSETS 3,423,984 3,368,380

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,422,984 3,367,380
SHAREHOLDERS' FUNDS 3,423,984 3,368,380

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 directors acknowledge their 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.

CARAVAN PARK ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 01587864)

ABRIDGED BALANCE SHEET - 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mrs C A Toon - Director


CARAVAN PARK ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 01587864)

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


1. 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.

Turnover
Turnover represents revenue earned under a wide variety of contracts. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the rights to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Turnover that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

Tangible fixed assets
Depreciation, other than on freehold land, is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Freehold land and building - Nil
Plant and machinery - 25% on reducing balance and 10% on costs of tools
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

Freehold buildings are depreciated to write down the cost less estimated residual value over their remaining useful life by equal annual instalments. Where buildings are maintained to such a standard that their residual value is not less than their cost of valuation, no depreciation is charged as it is not material.

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is calculated as follows:

Parts - cost of purchase on a first in, first out basis
Work in progress and finished goods - cost of raw materials and labour together with attributable overheads.

Net realisable value is based on estimated selling price less further costs to completion and disposal.

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 balance sheet date.


CARAVAN PARK ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 01587864)

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


1. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2023 - 62 ) .

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 1,647,201
Additions 139,232
Disposals (40,521 )
At 30 June 2024 1,745,912
DEPRECIATION
At 1 July 2023 585,188
Charge for year 180,005
Eliminated on disposal (38,262 )
At 30 June 2024 726,931
NET BOOK VALUE
At 30 June 2024 1,018,981
At 30 June 2023 1,062,013

CARAVAN PARK ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 01587864)

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


3. TANGIBLE FIXED ASSETS - continued