Caravans Scotland Ltd SC488724 true 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is caravan sales. Digita Accounts Production Advanced 6.30.9574.0 true I Anderson true SC488724 2023-07-01 2024-06-30 SC488724 2024-06-30 SC488724 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-06-30 SC488724 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC488724 core:ShareCapital 2024-06-30 SC488724 core:CurrentFinancialInstruments 2024-06-30 SC488724 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 SC488724 core:MotorVehicles 2024-06-30 SC488724 core:OtherPropertyPlantEquipment 2024-06-30 SC488724 bus:FRS102 2023-07-01 2024-06-30 SC488724 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC488724 bus:FullAccounts 2023-07-01 2024-06-30 SC488724 bus:RegisteredOffice 2023-07-01 2024-06-30 SC488724 bus:Director1 2023-07-01 2024-06-30 SC488724 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-07-01 2024-06-30 SC488724 bus:EntityNoLongerTradingButTradedInPast 2023-07-01 2024-06-30 SC488724 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC488724 core:LicencesFranchises 2023-07-01 2024-06-30 SC488724 core:MotorCars 2023-07-01 2024-06-30 SC488724 core:MotorVehicles 2023-07-01 2024-06-30 SC488724 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 SC488724 countries:Scotland 2023-07-01 2024-06-30 SC488724 2023-06-30 SC488724 core:MotorVehicles 2023-06-30 SC488724 core:OtherPropertyPlantEquipment 2023-06-30 SC488724 2023-06-30 SC488724 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-06-30 SC488724 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC488724 core:ShareCapital 2023-06-30 SC488724 core:CurrentFinancialInstruments 2023-06-30 SC488724 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 SC488724 core:MotorVehicles 2023-06-30 SC488724 core:OtherPropertyPlantEquipment 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC488724

Caravans Scotland Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Caravans Scotland Ltd

Profit and Loss Account for the Year Ended 30 June 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Caravans Scotland Ltd

(Registration number: SC488724)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

1,686

1,686

Current assets

 

Debtors

4

50,670

50,670

Creditors: Amounts falling due within one year

5

(110,386)

(110,386)

Net current liabilities

 

(59,716)

(59,716)

Net liabilities

 

(58,030)

(58,030)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(58,130)

(58,130)

Shareholders' deficit

 

(58,030)

(58,030)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 26 February 2024
 

.........................................
I Anderson
Director

 

Caravans Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD
United Kingdom

The principal place of business is:
17 The Old Corn Exchange
Sandgate
Berwick
TD15 1EA

These financial statements were authorised for issue by the director on 26 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company is not directly impacted by Brexit.

The company has suffered financially from the pandemic. Where appropriate, government support in the forms of grants and loans were used to mitigate the impact of lockdowns etc. The directors will continue to assess the impact of the pandemic and make decisions accordingly.

The financial statements are presented in Sterling (£) and rounded to the nearest £0.

Going concern

The company has net liabilities of £58,030 as at 30 June 2024 The company relies on the continued support of the directors to finance the day to day working requirements.

The directors consider it appropriate to prepare the Financial Statements on a going concern basis after consideration of all the information available about the foreseeable future (limited to one year from the date of approval of these financial statements) there is reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future.

If adoption of the going concern basis was inappropriate, adjustments could be required to write down assets to the assessment of their recoverable value, to reclassify assets as current assets and to provide for any further liabilities that may arise.

 

Caravans Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Judgements

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made included:

Useful economic lives of tangible assets – the annual depreciation charge for tangible assets is sensitive to change in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on economic utilisation, and the physical condition of the assets.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% straight line

Other plant

20% straight line

Intangible assets

Intangible assets acquired separately from a business are capitalised at cost. Franchises are amortised over a straight line basis over the terms of the franchise agreement.

Amortisation

Asset class

Amortisation method and rate

Franchise

1 year

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling prices less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Caravans Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it’s liabilities.
 Recognition and measurement
Where shares are issued, any component that creates, a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expenses in the profit and loss account.
 Impairment
At the end of each reporting period financial instruments measured at fair value are assessed for objective evidence of impairment. The impairment loss is recognised in the profit and loss account.

 

Caravans Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

1,050

2,550

3,600

At 30 June 2024

1,050

2,550

3,600

Depreciation

At 1 July 2023

-

1,276

1,276

Charge for the year

-

638

638

At 30 June 2024

-

1,914

1,914

Carrying amount

At 30 June 2024

1,050

636

1,686

At 30 June 2023

1,050

636

1,686

4

Debtors

Current

2024
£

2023
£

Other debtors

50,670

50,670

 

50,670

50,670

5

Creditors

2024
£

2023
£

Due within one year

Other payables

109,666

109,666

Accruals

720

720

110,386

110,386

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100