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REGISTERED NUMBER: SC211266 (Scotland)












Financial Statements

for the Year Ended 31 October 2024

for

McCallum's Caravans Ltd.

McCallum's Caravans Ltd. (Registered number: SC211266)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


McCallum's Caravans Ltd.

Company Information
for the Year Ended 31 October 2024







DIRECTORS: C McCallum
Mrs E P McCallum





SECRETARY: E McCallum





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC211266 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

McCallum's Caravans Ltd. (Registered number: SC211266)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 3 452,788 473,998

CURRENT ASSETS
Inventories 90,400 449,178
Debtors 4 14 22,472
Cash at bank 32,447 54,494
122,861 526,144
CREDITORS
Amounts falling due within one year 5 21,153 19,029
NET CURRENT ASSETS 101,708 507,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,496

981,113

CREDITORS
Amounts falling due after more than one
year

6

(71,985

)

(359,571

)

PROVISIONS FOR LIABILITIES (109,243 ) (114,293 )
NET ASSETS 373,268 507,249

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 373,266 507,247
SHAREHOLDERS' FUNDS 373,268 507,249

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

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

McCallum's Caravans Ltd. (Registered number: SC211266)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





C McCallum - Director


McCallum's Caravans Ltd. (Registered number: SC211266)

Notes to the Financial Statements
for the Year Ended 31 October 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on cost

Inventories
Inventories 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 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.

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.

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.

McCallum's Caravans Ltd. (Registered number: SC211266)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

1. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Impairment of fixed assets
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

3. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 November 2023 224,522 101,180 164,533
Additions - - 79,000
Disposals - - (70,805 )
At 31 October 2024 224,522 101,180 172,728
DEPRECIATION
At 1 November 2023 50,077 27,112 100,609
Charge for year 4,450 2,024 10,679
Eliminated on disposal - - (19,347 )
At 31 October 2024 54,527 29,136 91,941
NET BOOK VALUE
At 31 October 2024 169,995 72,044 80,787
At 31 October 2023 174,445 74,068 63,924

McCallum's Caravans Ltd. (Registered number: SC211266)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. PROPERTY, PLANT AND EQUIPMENT - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 102,825 824,795 12,655 1,430,510
Additions - - - 79,000
Disposals - (15,795 ) - (86,600 )
At 31 October 2024 102,825 809,000 12,655 1,422,910
DEPRECIATION
At 1 November 2023 93,585 673,161 11,968 956,512
Charge for year 1,386 22,444 634 41,617
Eliminated on disposal - (8,660 ) - (28,007 )
At 31 October 2024 94,971 686,945 12,602 970,122
NET BOOK VALUE
At 31 October 2024 7,854 122,055 53 452,788
At 31 October 2023 9,240 151,634 687 473,998

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 14 22,472

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,460 6,589
Taxation and social security 16,693 12,440
21,153 19,029

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 71,985 359,571

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2