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Company registration number: 06963052
Caravans by Active Leisure Limited
Unaudited filleted financial statements
31 December 2024
Caravans by Active Leisure Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Caravans by Active Leisure Limited
Directors and other information
Directors P Gregory
S Gregory
Company number 06963052
Registered office Leek New Road (A53)
Milton
Stoke-on-Trent
Staffordshire
ST2 7EF
Business address Leek New Road (A53)
Milton
Stoke-on-Trent
Staffordshire
ST2 7EF
Accountants Jacksons
Chartered Accountants
Deansfield House
98 Lancaster Road
Newcastle-under-Lyme
Staffordshire
ST5 1DS
Bankers Co-Operative Bank
PO Box 250
Delf House
Southway, Skelmersdale
WN8 6WT
Caravans by Active Leisure Limited
Statement of financial position
31 December 2024
31/12/24 31/12/23
Note £ £ £ £
Fixed assets
Intangible assets 5 3 3
Tangible assets 6 62,194 93,253
_______ _______
62,197 93,256
Current assets
Stocks 7 486,793 695,533
Debtors 8 426,345 330,424
Cash at bank and in hand 10 41,159 68,670
_______ _______
954,297 1,094,627
Creditors: amounts falling due
within one year 10 ( 591,567) ( 851,916)
_______ _______
Net current assets 362,730 242,711
_______ _______
Total assets less current liabilities 424,927 335,967
Creditors: amounts falling due
after more than one year 11 ( 137,284) ( 97,066)
Provisions for liabilities 12 ( 10,556) ( 2,473)
_______ _______
Net assets 277,087 236,428
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 277,085 236,426
_______ _______
Shareholders funds 277,087 236,428
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
P Gregory
Director
Company registration number: 06963052
Caravans by Active Leisure Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Leek New Road (A53), Milton, Stoke-on-Trent, Staffordshire, ST2 7EF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property improvements - 15 % reducing balance
Plant and machinery - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2023: 13 ).
5. Intangible assets
Goodwill Other intangible assets Total
£ £ £
Cost
At 1 January 2024 and 31 December 2024 1 2 3
_______ _______ _______
Amortisation
At 1 January 2024 and 31 December 2024 - - -
_______ _______ _______
Carrying amount
At 31 December 2024 1 2 3
_______ _______ _______
At 31 December 2023 1 2 3
_______ _______ _______
6. Tangible assets
Short leasehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 94,729 64,321 105,510 264,560
Additions 3,600 662 11,000 15,262
Disposals - - ( 79,490) ( 79,490)
_______ _______ _______ _______
At 31 December 2024 98,329 64,983 37,020 200,332
_______ _______ _______ _______
Depreciation
At 1 January 2024 67,439 50,091 53,777 171,307
Charge for the year 4,261 3,606 7,175 15,042
Disposals - - ( 48,211) ( 48,211)
_______ _______ _______ _______
At 31 December 2024 71,700 53,697 12,741 138,138
_______ _______ _______ _______
Carrying amount
At 31 December 2024 26,629 11,286 24,279 62,194
_______ _______ _______ _______
At 31 December 2023 27,290 14,230 51,733 93,253
_______ _______ _______ _______
7. Stocks
31/12/24 31/12/23
£ £
Used caravan stock 209,862 285,809
New caravan stock 204,803 342,702
Workshop stock 72,128 67,022
_______ _______
486,793 695,533
_______ _______
8. Debtors
31/12/24 31/12/23
£ £
Trade debtors 14,037 7,663
Amounts owed by group undertakings 390,344 295,310
VAT recoverable - 16,101
Prepayment and accrued income 21,964 11,350
_______ _______
426,345 330,424
_______ _______
9. Cash and cash equivalents
31/12/24 31/12/23
£ £
Bank current account 19,159 16,927
Bank deposit accounts 20,215 50,687
Cash in hand 1,785 1,056
_______ _______
41,159 68,670
_______ _______
10. Creditors: amounts falling due within one year
31/12/24 31/12/23
£ £
Cornovirus business interuption loans 58,556 108,698
Stocking loan 146,135 244,712
Trade creditors 249,945 389,489
Customer deposits 32,593 12,962
Corporation tax 18,269 82,044
Social security and other taxes 76,760 4,111
Obligations under finance leases 4,399 4,399
Director loan accounts 1,598 984
Other creditors 1,168 1,501
Accruals and deferred income 2,144 3,016
_______ _______
591,567 851,916
_______ _______
£38,993 of the coronavirus business interruption loans is secured by way of a fixed and floating charge over the assets of the company.£19,563 of the coronavirus business interruption loans is secured by a third party guarantee from the UK government.
11. Creditors: amounts falling due after more than one year
31/12/24 31/12/23
£ £
Coronavirus business interuption loans 21,395 79,470
Social security and other taxes 102,692 -
Obligations under finance leases 13,197 17,596
_______ _______
34,592 97,066
_______ _______
£21,395 of the coronavirus business interruption loans is secured by way of a fixed and floating charge over the assets of the company.
12. Provisions
Deferred tax (note 13) Total
£ £
At 1 January 2024 2,473 2,473
Charges against provisions 8,083 8,083
_______ _______
At 31 December 2024 10,556 10,556
_______ _______
13. Deferred tax
The deferred tax included in the statement of financial position is as follows:
31/12/24 31/12/23
£ £
Included in provisions (note 12) 10,556 2,473
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
31/12/24 31/12/23
£ £
Accelerated capital allowances 10,556 2,473
_______ _______
14. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year 25,519 42,186
Later than 1 year and not later than 5 years 3,825 26,011
_______ _______
29,344 68,197
_______ _______
15. Related party transactions
P and S Gregory are related parties of the company by virtue of their directorships of the company. At the year end, the company owed P and S Gregory the sum of £1,598 (2023: £984). The loan is interest free, unsecured and with no specific repayment terms.Active Leisure Caravans Limited is a related party of the company by virtue of being the parent company. During the year, the company paid dividends to Active Leisure Caravans Limited in the sum of £26,500 (2023: £18,500). At the year end, Active Leisure Caravans Limited owed the company the sum of £390,344 (2023: £295,310). The loan is interest free, unsecured and with no specific repayment terms.
16. Ultimate parent company
The company is a wholly owned subsidiary of Active Leisure Caravans Limited, registered in England and Wales. The registered office address of Active Leisure Caravans Limited is Deansfield House, 98 Lancaster Road, Newcastle-under-Lyme, Staffordshire, ST5 1DS.