Springfield Motorhomes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06201793 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Springfield Motorhomes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Andrew Michael Cockcroft

Mrs Merril Cockcroft

Mr Martin Cockcroft

SECRETARY:

Mrs Merril Cockcroft

REGISTERED OFFICE:

2 Hallgarth

Pickering

North Yorkshire

YO18 7AW

REGISTERED NUMBER:

06201793 (England and Wales)

ACCOUNTANTS:

Hallgarth Accountants Ltd

2 Hallgarth

Pickering

North Yorkshire

YO18 7AW

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

372,636

367,872

372,636

367,872

CURRENT ASSETS

Stocks

572,189

655,899

Debtors

6

69,216

272,077

Cash at bank and in hand

231,471

219,308

872,876

1,147,284

CREDITORS

Amounts falling due within one year

7

74,366

269,096

NET CURRENT ASSETS

798,510

878,188

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,171,146

1,246,060

PROVISIONS FOR LIABILITIES

8,385

7,096

NET ASSETS

1,162,761

1,238,964

CAPITAL AND RESERVES

Called up share capital

8

300

Retained earnings

1,162,461

1,238,664

SHAREHOLDERS' FUNDS

1,162,761

1,238,964

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

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

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 5 September 2025 and were signed on its behalf by:

Mr Andrew Michael Cockcroft - Director

1.	STATUTORY INFORMATION

Springfield Motorhomes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

100,000

AMORTISATION

At 1 January 2024

and 31 December 2024

100,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 January 2024

356,388

9,219

85,782

Additions

-

16,900

At 31 December 2024

356,388

9,219

102,682

DEPRECIATION

At 1 January 2024

20,758

1,862

64,410

Charge for year

7,128

184

5,741

At 31 December 2024

27,886

2,046

70,151

NET BOOK VALUE

At 31 December 2024

328,502

7,173

32,531

At 31 December 2023

335,630

7,357

21,372

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

16,280

11,950

479,619

Additions

1,750

-

18,650

At 31 December 2024

18,030

11,950

498,269

DEPRECIATION

At 1 January 2024

12,818

11,899

111,747

Charge for year

782

51

13,886

At 31 December 2024

13,600

11,950

125,633

NET BOOK VALUE

At 31 December 2024

4,430

-

372,636

At 31 December 2023

3,462

51

367,872

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

13,686

65,479

Other debtors

55,530

206,598

69,216

272,077

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

61,176

238,181

Social security and other taxes

5,940

21,239

Other creditors

350

3,370

Directors' current accounts

-

347

Accrued expenses

6,900

5,959

74,366

269,096

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

300

Ordinary

£1

300

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

Mr Andrew Michael Cockcroft

Balance outstanding at start of year

3,855

-

Amounts advanced

-

3,855

Amounts repaid

(3,855

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

3,855

Mr Martin Cockcroft

Balance outstanding at start of year

172,508

-

Amounts advanced

6,110

172,508

Amounts repaid

(172,508

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

6,110

172,508

Mrs Merril Cockcroft

Balance outstanding at start of year

3,854

-

Amounts advanced

-

3,854

Amounts repaid

(3,854

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

3,854