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REGISTERED NUMBER: 03054280 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR


SUSSEX CARAVAN CENTRE LIMITED


SUSSEX CARAVAN CENTRE LIMITED (REGISTERED NUMBER: 03054280)


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024











Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




SUSSEX CARAVAN CENTRE LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024









DIRECTORS:

A R Parsons


O R Jenman


M N O'Neill


A J O'Neill


J R O'Neill







REGISTERED OFFICE:

A24 London Road


Pulborough


West Sussex


RH20 3BT







REGISTERED NUMBER:

03054280 (England and Wales)







ACCOUNTANTS:

Ad Valorem Accountancy Services Limited


Chartered Certified Accountants


2 Manor Farm Court


Old Wolverton Road


Old Wolverton


Buckinghamshire


MK12 5NN


SUSSEX CARAVAN CENTRE LIMITED (REGISTERED NUMBER: 03054280)


BALANCE SHEET

31 DECEMBER 2024


2024

2023



Notes

£

£

£

£

FIXED ASSETS

Tangible assets

4

549,734


522,430




CURRENT ASSETS

Stocks

2,500,278


3,102,479



Debtors

5

878,857


580,528



Cash in hand

918


2,298



3,380,053


3,685,305



CREDITORS

Amounts falling due within one year

6

2,565,744


2,749,076



NET CURRENT ASSETS

814,309


936,229



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,364,043


1,458,659




CREDITORS

Amounts falling due after more than one

year

7

(66,055

)

(67,900

)



PROVISIONS FOR LIABILITIES

(37,368

)

(26,228

)


NET ASSETS

1,260,620


1,364,531




CAPITAL AND RESERVES

Called up share capital

8

165,202


165,202



Share premium

147,999


147,999



Retained earnings

947,419


1,051,330



SHAREHOLDERS' FUNDS

1,260,620


1,364,531




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SUSSEX CARAVAN CENTRE LIMITED (REGISTERED NUMBER: 03054280)


BALANCE SHEET - continued

31 DECEMBER 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 Statement of Income and Retained Earnings 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:






M N O'Neill - Director



SUSSEX CARAVAN CENTRE LIMITED (REGISTERED NUMBER: 03054280)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024



1.

STATUTORY INFORMATION



Sussex Caravan Centre 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.


The presentation currency of the financial statements is the Pound Sterling (£).


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.    



TURNOVER

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.  


Improvements to property

-

not provided


Fixtures and fittings

-

10% on reducing balance


Motor vehicles

-

25% on reducing balance


Computer equipment

-

33.33% 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 Statement of Income and Retained Earnings, 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.


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.


HIRE PURCHASE AND LEASING COMMITMENTS


SUSSEX CARAVAN CENTRE LIMITED (REGISTERED NUMBER: 03054280)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024



2.

ACCOUNTING POLICIES - continued


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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 42 (2023 - 42 ) .


4.

TANGIBLE FIXED ASSETS

Fixtures



Improvements

and

Motor

Computer



to property

fittings

vehicles

equipment

Totals



£

£

£

£

£


COST


At 1 January 2024

233,946


74,053


351,263


43,217


702,479




Additions

-


27,450


122,216


-


149,666




Disposals

-


-


(98,435

)

-


(98,435

)



At 31 December 2024

233,946


101,503


375,044


43,217


753,710




DEPRECIATION


At 1 January 2024

-


27,427


138,069


14,553


180,049




Charge for year

-


5,806


61,343


9,460


76,609




Eliminated on disposal

-


-


(52,682

)

-


(52,682

)



At 31 December 2024

-


33,233


146,730


24,013


203,976




NET BOOK VALUE


At 31 December 2024

233,946


68,270


228,314


19,204


549,734




At 31 December 2023

233,946


46,626


213,194


28,664


522,430




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023



£

£


Trade debtors

89,032


83,111




Amounts owed by group undertakings

407,000


287,000




Amounts owed by participating interests

123,385


123,385




Other debtors

259,440


87,032



878,857


580,528




SUSSEX CARAVAN CENTRE LIMITED (REGISTERED NUMBER: 03054280)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024



6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023



£

£


Bank loans and overdrafts

147,266


40,416




Hire purchase contracts

37,223


40,687




Trade creditors

1,974,097


2,210,627




Amounts owed to participating interests

197,136


244,976




Taxation and social security

169,792


51,095




Other creditors

40,230


161,275



2,565,744


2,749,076




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


2024

2023



£

£


Hire purchase contracts

66,055


67,900




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023


value:


£

£


165,202

Ordinary

1

165,202


165,202