REGISTERED NUMBER: 01470567 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

W.M. Camping Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Warrington

SECRETARY:

G R Pope

REGISTERED OFFICE:

Wealden Forest Park

Herne Common

Herne Bay

Kent

CT6 7LH

REGISTERED NUMBER:

01470567 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

FIXED ASSETS

Tangible assets

4

382

509

CURRENT ASSETS

Stocks

5

105,335

113,330

Debtors

6

3,394

4,129

108,729

117,459

CREDITORS

Amounts falling due within one year

7

(113,487

)

(130,272

)

NET CURRENT LIABILITIES

(4,758

)

(12,813

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,376

)

(12,304

)

CREDITORS

Amounts falling due after more than one year

8

(16,808

)

(14,806

)

NET LIABILITIES

(21,184

)

(27,110

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

10

(22,184

)

(28,110

)

SHAREHOLDERS' FUNDS

(21,184

)

(27,110

)

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 director acknowledges his 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 director and authorised for issue on 24 September 2025 and were signed by:

D Warrington - Director

1.	STATUTORY INFORMATION

W.M. Camping 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of the sale of camping and outdoor leisure equipment.

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 represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

25% on reducing balance

Computer & Equipment

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

DEFERRED TAX

Deferred tax is not recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

& Equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,367

14,590

15,957

DEPRECIATION

At 1 January 2024

1,247

14,201

15,448

Charge for year

30

97

127

At 31 December 2024

1,277

14,298

15,575

NET BOOK VALUE

At 31 December 2024

90

292

382

At 31 December 2023

120

389

509

5.

STOCKS

2024

2023

£

£

Stocks

105,335

113,330

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Prepayments

3,394

4,129

The directors consider the carrying value of trade and other receivables approximate to their fair values.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

71,133

87,244

Trade creditors

11,153

12,227

Social security and other tax

266

949

VAT

1,013

1,344

Other creditors

104

2,243

Directors' current accounts

29,682

26,087

Accrued expenses

136

178

113,487

130,272

The directors consider the carrying amounts of current liabilities approximate to their fair values.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

10,648

10,397

Bank loans - 2-5 years

6,160

4,409

16,808

14,806

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

49,750

52,396

Bank loans

38,191

49,654

87,941

102,050

A fixed and floating charge was registered by HSBC Bank Plc (formerly Midland Bank Plc) on 5 November 1982 on all monies due or to become due from the company to the chargee on any account whatsoever including a fixed charge on all book debts and other debts owing to the company as well as a floating charge on the undertaking and all property and assets present and future including book debts (excluding those mentioned above) and uncalled capital.

A further charge was registered by HSBC Bank Plc (formerly Midland Bank Plc) on 7 September 1995 on all monies due or to become due from the company to the chargee on any account whatsoever including a fixed charge on all goodwill and uncalled capital for the time being of the company, and all patents, patent applications, inventions, trade marks, trade names, etc.

10.

RESERVES

Retained

earnings

£

At 1 January 2024

(28,110

)

Profit for the year

5,926

At 31 December 2024

(22,184

)

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

D Warrington

Balance outstanding at start of year

(26,087

)

(9,437

)

Amounts advanced

6,599

585

Amounts repaid

(10,194

)

(17,235

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(29,682

)

(26,087

)

12.	GOING CONCERN

The accounts have been prepared under a going concern basis. The director is willing to continue to support the company for the foreseeable future. The bank overdraft is secured by a fixed and floating charge on the assets of the company and also by a guarantee given by the director.