Wiltshire Caravans Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Wiltshire Caravans Ltd

Company Information

Directors

M Pearce J Hibbs

Registered office

36 Headquarters Road West Wilts Trading Estate Westbury Wiltshire BA13 4JR

Registered Number

08148099

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Wiltshire Caravans Ltd

(Registration number: 08148099)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	4,200	-
Tangible assets	5	178,592	192,387
		182,792	192,387
Current assets
Stocks		1,350,797	1,570,430
Debtors	6	85,707	109,842
Cash at bank and in hand		83,929	96,418
		1,520,433	1,776,690
Creditors: Amounts falling due within one year	7	(1,582,621)	(1,650,669)
Net current (liabilities)/assets		(62,188)	126,021
Total assets less current liabilities		120,604	318,408
Creditors: Amounts falling due after more than one year	7	(69,641)	(116,375)
Provisions for liabilities		(14,502)	(20,112)
Net assets		36,461	181,921
Capital and reserves
Called up share capital		100	100
Retained earnings		36,361	181,821
Shareholders' funds		36,461	181,921

Wiltshire Caravans Ltd

(Registration number: 08148099)
Balance Sheet as at 31 December 2024

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2025 and signed on its behalf by:
 

......................................... M Pearce Director

......................................... J Hibbs Director

Wiltshire Caravans Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
36 Headquarters Road
West Wilts Trading Estate
Westbury
Wiltshire
BA13 4JR

These financial statements were authorised for issue by the Board on 11 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Wiltshire Caravans Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Long leasehold	- 5% on cost
Plant and machinery	- 25% on reducing balance
Motor vehicles	- 25% on reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website costs	- 25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Wiltshire Caravans Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Wiltshire Caravans Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2023 - 18).

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
Additions	4,800	4,800
At 31 December 2024	4,800	4,800
Amortisation
Amortisation charge	600	600
At 31 December 2024	600	600
Carrying amount
At 31 December 2024	4,200	4,200

Wiltshire Caravans Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Long leasehold land and buildings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	235,608	36,194	15,080	286,882
Additions	-	4,535	-	4,535
At 31 December 2024	235,608	40,729	15,080	291,417
Depreciation
At 1 January 2024	65,567	21,977	6,951	94,495
Charge for the year	11,780	4,518	2,032	18,330
At 31 December 2024	77,347	26,495	8,983	112,825
Carrying amount
At 31 December 2024	158,261	14,234	6,097	178,592
At 31 December 2023	170,041	14,217	8,129	192,387

6

Debtors

	2024 £	2023 £
Trade debtors	2,474	10,763
Prepayments	48,976	61,841
Other debtors	34,257	37,238
	85,707	109,842

7

Creditors

	Note	2024 £	2023 £
Loans and borrowings	8	829,254	943,309
Trade creditors		679,545	534,935
Taxation and social security		7,431	27,682
Other creditors		66,391	144,743
		1,582,621	1,650,669

Wiltshire Caravans Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

 

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	18,237	56,031
Other financial liabilities		51,404	60,344
		69,641	116,375

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	18,237	56,031

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	534,503	653,671
Bank overdrafts	294,751	289,638
	829,254	943,309

Included in bank borrowings is a combined balance of £34,999 (2023 - £58,324), which is guaranteed and secured. The company has a debenture in place in favour of HSBC Bank PLC in respect of all loans, overdrafts and other facilities in place and is secured by fixed and floating charges.

Included in bank borrowings is a combined balance of £14,813 (2023 - £24,951) which is unsecured and guaranteed by the government.

9	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are pensions of £1,690 (2023 - £1,752). The company participates in a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Wiltshire Caravans Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10	Off-balance sheet arrangements

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £11,808,188 (2023 - £13,274,095).