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Airfield Caravans Limited
Registered Number:11809782
For the year ended 28 February 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2025
Airfield Caravans Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11809782
As at 28 February 2025
Airfield Caravans Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
39,535
43,945
2
39,535
43,945
Current assets
Inventories
32,620
31,760
3
Trade and other receivables
9,390
6,911
4
2,463
Cash and cash equivalents
39,649
78,320
44,473
Trade and other payables: amounts falling due within one
year
(14,199)
(22,491)
5
30,274
55,829
Net current assets
Total assets less current liabilities
95,364
74,219
Trade and other payables: amounts falling due after more
than one year
(20,302)
(13,092)
6
82,272
Net assets
53,917
Capital and reserves
Called up share capital
2
2
Retained earnings
82,270
53,915
82,272
53,917
Shareholders' funds
For the year ended 28 February 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Lee Pook Director
Wesley Toogood Director
These financial statements were approved and authorised for issue by the Board on 06 June 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2025
Airfield Caravans Limited
Notes to the Financial Statements
Statutory Information
Airfield Caravans Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11809782.
Principal place of business:
Unit 29 Weston Business Park
Locking
Weston Super Mare
North Somerset
BS24 8RA
Registered address:
Manor House Farm
Deacons Close
Weston Super Mare
North Somerset
The presentation currency is £ sterling.
Turnover represents amounts receivable in respect of goods and services sold in the period under review, net of VAT
and discounts.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
3 years Straight line
Computer Equipment
25% Reducing balance
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 28 February 2025
Airfield Caravans Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 March 2024
58,316
1,018
57,298
At 28 February 2025
57,298
1,018
58,316
Provision for depreciation and impairment
At 01 March 2024
14,371
679
13,692
Charge for year
4,410
338
4,072
At 28 February 2025
18,781
1,017
17,764
At 28 February 2025
Net book value
39,534
1
39,535
At 29 February 2024
43,606
339
43,945
3. Inventories
2024
2025
£
£
Stocks
31,760
32,620
4. Trade and other receivables
2024
2025
£
£
Trade debtors
4,500
8,120
Prepayments and accrued income
88
83
Taxation and social security
2,323
1,187
9,390
6,911
5. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Taxation and social security
10,327
1,707
Accruals and deferred income
2,166
2,166
Directors' loan accounts
225
1,153
Obligations under HP/Financial leases
7,210
7,210
Other creditors
2,563
1,963
22,491
14,199
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6
For the year ended 28 February 2025
Airfield Caravans Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
20,302
13,092
Obligations under HP/Financial leases
7. Average number of persons employed
During the year the average number of employees was 3 (2024 : 3)
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