Registered number
09109614
SHORELINE CARAVANS LTD
Filleted Accounts
31 July 2024
SHORELINE CARAVANS LTD
Registered number: 09109614
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 21,528 23,369
Current assets
Stocks 21,500 56,590
Debtors 5 91,534 72,412
Cash at bank and in hand (18,068) (6,014)
94,966 122,988
Creditors: amounts falling due within one year 6 (119,648) (118,891)
Net current (liabilities)/assets (24,682) 4,097
Total assets less current liabilities (3,154) 27,466
Creditors: amounts falling due after more than one year 7 (9,182) (18,914)
Net (liabilities)/assets (12,336) 8,552
Capital and reserves
Called up share capital 1 1
Profit and loss account (12,337) 8,551
Shareholder's funds (12,336) 8,552
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kiata Thomas
Director
Approved by the board on 3 April 2025
SHORELINE CARAVANS LTD
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 10,000
At 31 July 2024 10,000
Amortisation
At 1 August 2023 10,000
At 31 July 2024 10,000
Net book value
At 31 July 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 13,913 33,000 46,913
Additions 1,041 2,500 3,541
At 31 July 2024 14,954 35,500 50,454
Depreciation
At 1 August 2023 6,956 16,588 23,544
Charge for the year 2,713 2,669 5,382
At 31 July 2024 9,669 19,257 28,926
Net book value
At 31 July 2024 5,285 16,243 21,528
At 31 July 2023 6,957 16,412 23,369
5 Debtors 2024 2023
£ £
Trade debtors 2,016 12,583
Amounts owed by group undertakings and undertakings in which the company has a participating interest 4,773 5,315
Other debtors 84,745 54,514
91,534 72,412
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 24,301 29,245
Obligations under finance lease and hire purchase contracts 9,500 13,900
Trade creditors 81,598 58,057
Taxation and social security costs 78 13,982
Other creditors 4,171 3,707
119,648 118,891
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,182 18,914
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Kiata Thomas
[Loan 1] 54,154 30,591 - 84,745
54,154 30,591 - 84,745
9 Other information
SHORELINE CARAVANS LTD is a private company limited by shares and incorporated in England. Its registered office is:
24 Milton Terrace
Pembroke Dock
Pembrokeshire
CF35 6FQ
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