Campbells Limited

Registered number

00562376

Campbells Limited

Report and Financial Statements

31 December 2024

Campbells Limited
Report and accounts
Contents




Page

Company information	1
Directors' report	2-3
Strategic report	4-5
Independent auditor's report	6 - 7
Income statement	8
Statement of comprehensive income	9
Statement of financial position	10
Statement of changes in equity	11
Statement of cash flows	12
Notes to the financial statements	13 - 18

Campbells Limited

Company Information

Directors

Mr M J Campbell

Mr D J Campbell

Mr M Barnes

Secretary

Mr M J Campbell

Auditors

Mr Stephen William Valentine

Cameron Valentine Limited

2 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

Registered office

Watkin Lane

Lostock Hall

Preston

Lancashire

PR5 5RD

Registered number

00562376

Campbells Limited
Registered number:		00562376
Directors' Report

The directors present their report and financial statements for the year ended 31 December 2024.

Principal activities
The company's principal activity during the year continued to be that of the retail of touring caravans, motorhomes, awnings and accessories and the service and repair of the touring caravans and motor homes.

Future developments
The company intends to continue with the policies that have proven to be successful so far and it will continue to search for opportunities to grow in the medium to long term.

Financial instrument risk
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured a transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals and any borrowings, are initially recognised at transaction price and are subsequently carried at cosy unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Dividends
During the year the company paid dividends to the shareholders of £331,283 (2023 £253,437).

Directors
The following persons served as directors during the year:

	Mr M J Campbell
	Mr D J Campbell
	Mr M Barnes

Directors' responsibilities

The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
●	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
●	so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
●	he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.



This report was approved by the board on 10 April 2025 and signed on its behalf.



Mr M J Campbell
Director

Campbells Limited
Strategic Report
for the year ended 31 December 2024

Review Of The Business

We aim to present a balanced and comprehensive review of the development and performance of our business during the year under review and its position at the year end. Our review is consistent with the size and non-complex nature of our business and its written in the context of the risks and uncertainties we face. The company has decreased its turnover during the year under review. A reduction in the gross profit margin has occurred as the company continues to remain competitive in the current difficult market place. Staffing levels have remained consistent during the year under review. The business model has been modified to embrace the changes brought about by the crowded market place. The Directors adjusted the company projections to reflect this change of strategy and the future plans for the company. The core business of the company remains :- As an independent retailer , the company continues to trade in new and used touring caravans and motor homes, provide caravan and motor home servicing, accessories for touring caravans and motor homes. The company's activities are organised in the following divisions :- Sale of new and second hand touring caravans Sale of new and second hand motor homes Sale of new and second hand awnings Servicing and repairs Sale of accessories
Key Performance Indicators
We consider that the company key performance indicators are those that communicate the financial performance and strength of the company as a whole, these being turnover, profit, margins, overall company profitability.
	2024	2023
	£	£
Turnover	20,661,102	25,267,852

Gross Profit	8%	10%
Pre Tax Profit	63,874	1,097,632

Principal Risks and Uncertainties
The business risks and uncertainties impacting on the management of the business and the execution of the company's strategy are considered to be the following over which the sector has no control. Inflation, the cost of living and commodity prices - these issues have impacted both people and business and have impacted personal disposable incomes and company profits. The increased cost of commodity prices for such as steel and fuel has been significant. These continued pressures will no doubt have an effect on both our suppliers and customers. Cost of borrowing - interest rates have been rising since early 2022 and this will affect both the company's funding costs but also the consumer who will frequently use finance to purchases our products. There has been a reduction in interest rates towards the end of the financial year under review and its is hoped this trend will continue into the current financial year to assist customers and the company when funding costs. Conflict In Ukraine and the Middle East are on-going. The social and economic impacts of this are being felt globally and this will have repercussions for the UK consumer and economy for a long time to come. Covid 19 - whilst the day to day impact of this appears to have decreased in the UK, some countries remain impacted and this virus will still effect UK performance for the short through to medium term. Supply Chain - the global effect of both the conflicts and Covid 19 have affected the supply chain of raw materials and goods from all over the world into the UK which has lead to increased delivery times which may well lead to increased delivery times which may well lead to customer service issues in the future. Directors and management are also faced with other risks and uncertainties associated with running a business employing a workforce and dealing with multiple suppliers and customers and they engage specialists to deal with these concerns as they arise. The company regularly monitors these and all other risks as part of its key management processes.
The Directors consider that a touring caravan and motor home are luxury expenditure for most households , a downturn in the economy can result in a reduction in the number of customers able to afford such an items. Also during recessionary period when there is uncertainty in the housing market, sales can fall significantly. Current indicators and future order book indicate that the company will have a downturn in turnover however will achieve an acceptable gross profit percentage despite the crowded and competitive market place. The UK economic outlook at present is showing signs of stability, the future impact of change in UK Government is yet to be quantified. The company remains vigilant to the potential risks and uncertainties of a UK Government change, which may result in a change in the economic outlook of the UK. These principal risks and uncertainties come from the performance of the UK economy as any significant down turn in the UK GDP will have an effect on the large-item consumer sales. However the Directors have made changes to the operation of the business. They have maintained overhead costs to a minimum and also made changes to the product range to allow for the financial restriction of the existing and potential customer market.
This report was approved by the board on 10 April 2025 and signed on its behalf.



Mr M J Campbell
Director

Campbells Limited
Independent auditor's report
to the members of Campbells Limited

Opinion

We have audited the financial statements of Campbells Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
●	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
●	have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
●	the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
●	the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the financial statements are not in agreement with the accounting records and returns; or
●	certain disclosures of directors’ remuneration specified by law are not made; or
●	we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is details below : Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows : The engagement partner ensured that the engagement team collectively had the appropriate competence capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; We identified the laws and regulations applicable to the company through discussions with the Director and other key management, and from our commercial knowledge and experience of the sector; We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection , anti-bribery, employment, environmental and health and safety legislation; We assessed the extent of compliance with the laws and regulations identified above through making enquires of management and inspecting legal correspondence : and identified laws and regulations were communicated with the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquires of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override controls, we: performed analytical procedures to identify any unusual or unexpected relationships; and tested journal entries to identify unusual transactions, In responses to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which, included, but were not limited to: agreeing financial disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance; enquiring of management as to actual and potential litigation and claims; and reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive , and the company's legal advisors. There are inherent limitations in our audit procedure described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limited the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.



Mr Stephen William Valentine
(Senior Statutory Auditor)		2 Ferry Road Office Park
for and on behalf of		Riversway
Cameron Valentine Limited		Preston
Statutory Auditor		Lancashire
10 April 2025		PR2 2YH

Campbells Limited
Income Statement
for the year ended 31 December 2024


Notes		2024		2023
£			£

Turnover	3	20,661,102		25,267,852

Cost of sales		(19,028,350)		(22,624,676)

Gross profit		1,632,752		2,643,176

Administrative expenses		(1,564,028)		(1,542,576)
Other operating income		1,680		-

Operating profit	4	70,404		1,100,600

Interest payable	7	(6,530)		(2,968)

Profit on ordinary activities before taxation		63,874		1,097,632

Tax on profit on ordinary activities	8	(37,876)		(283,924)

Profit for the financial year		25,998		813,708

Campbells Limited
Statement of Comprehensive Income
for the year ended 31 December 2024


Notes	2024		2023
£		£

Profit for the financial year	25,998		813,708

Other comprehensive income	-		-

Total comprehensive income for the year	25,998		813,708

Campbells Limited
Statement of Financial Position
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	9		94,050			117,199

Current assets
Stocks	10	6,116,349			6,183,168
Debtors	11	600,038			393,524
Cash at bank and in hand		2,138			141,871
		6,718,525			6,718,563

Creditors: amounts falling due within one year	12	(4,987,062)			(4,704,964)

Net current assets			1,731,463			2,013,599

Net assets			1,825,513			2,130,798

Capital and reserves
Called up share capital	13		405,504			405,504
Profit and loss account	14		1,420,009			1,725,294

Total equity			1,825,513			2,130,798


Mr M J Campbell
Director


Mr D J Campbell
Director


Mr M Barnes
Director

Approved by the board on 10 April 2025

Campbells Limited
Statement of Changes in Equity
for the year ended 31 December 2024

Share		Share		Other		Profit		Total
capital		premium		reserves		and loss
account
£		£		£		£		£

At 1 January 2023	405,504		-		-		1,165,023		1,570,527

Profit for the financial year							813,708		813,708

Dividends							(253,437)		(253,437)

At 31 December 2023	405,504		-		-		1,725,294		2,130,798



At 1 January 2024	405,504		-		-		1,725,294		2,130,798

Profit for the financial year							25,998		25,998

Dividends							(331,283)		(331,283)

At 31 December 2024	405,504		-		-		1,420,009		1,825,513

Campbells Limited
Statement of Cash Flows
for the year ended 31 December 2024

Notes		2024		2023
£			£
Operating activities
Profit for the financial year		25,998		813,708

Adjustments for:
Interest payable		6,530		2,968
Tax on profit on ordinary activities		37,876		283,924
Depreciation		56,458		63,962
Decrease/(increase) in stocks		66,819		(1,000,420)
Increase in debtors		(206,514)		(22,791)
(Decrease)/increase in creditors		(191,873)		510,946
		(204,706)		652,297

Interest paid		(6,530)		(2,968)
Corporation tax paid		(283,924)		(288,140)

Cash (used in)/generated by operating activities		(495,160)		361,189

Investing activities
Payments to acquire tangible fixed assets		(33,309)		(6,077)

Cash used in investing activities		(33,309)		(6,077)

Financing activities
Equity dividends paid		(331,283)		(253,437)

Cash used in financing activities		(331,283)		(253,437)

Net cash (used)/generated
Cash (used in)/generated by operating activities		(495,160)		361,189
Cash used in investing activities		(33,309)		(6,077)
Cash used in financing activities		(331,283)		(253,437)

Net cash (used)/generated		(859,752)		101,675

Cash and cash equivalents at 1 January		141,871		40,196
Cash and cash equivalents at 31 December		(717,881)		141,871

Cash and cash equivalents comprise:
Cash at bank		2,138		141,871
Bank overdrafts	12	(720,019)		-
		(717,881)		141,871


Notes to the Accounts
for the year ended 31 December 2024

1	Summary of significant accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets

	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over the lease term
	Plant and machinery			10 % reducing balance
	Fixtures, fittings, tools and equipment			over 5 years

	Motor Vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Critical accounting estimates and judgements

	In determining the carrying amounts of certain assets and liabilities , the company makes calculated assumptions based on the effects of uncertain future events and liabilities at the balance sheet date. The company's estimates and assumptions are based on historical experience and expectations of future events and are reviewed periodically.


3	Analysis of turnover					2024		2023
£							£

	Sale of goods					20,548,740		25,179,062
	Commissions					112,362		88,790
						20,661,102		25,267,852

	By geographical market:

	UK					20,661,102		25,267,852


4	Operating profit					2024		2023
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					56,459		63,962
	Operating lease rentals - plant and machinery					2,809		4,941
	Operating lease rentals - land and buildings					162,000		134,020
	Auditors' remuneration for audit services					6,750		6,750
	Auditors' remuneration for other services					26,650		26,650
	Carrying amount of stock sold					18,888,173		22,542,141


5	Directors' emoluments					2024		2023
£							£

	Emoluments					33,348		32,826


	Number of directors to whom retirement benefits accrued:					2024		2023
Number							Number

	Defined contribution plans					2		2


6	Staff costs					2024		2023
£							£

	Wages and salaries					838,235		825,511
	Social security costs					53,589		72,565
	Other pension costs					14,759		14,361
						906,583		912,437


	Average number of employees during the year					Number	Number

	Administration					11		10
	Sales					23		22
						34		32


7	Interest payable					2024		2023
£							£

	Bank loans and overdrafts					6,530		308
	Other loans					-		2,660
						6,530		2,968


8	Taxation					2024		2023
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					37,876		283,924


	Tax on profit on ordinary activities					37,876		283,924


	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

						2024		2023
£							£
	Profit on ordinary activities before tax					63,874		1,097,632

	Standard rate of corporation tax in the UK					20%		20%

£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					12,775		219,526

	Effects of:
	Expenses not deductible for tax purposes					25,101		64,398

	Current tax charge for period					37,876		283,924



9	Tangible fixed assets
		Land and buildings		Plant and machinery		Fixtures, fittings, tools and equipment		Total
		At cost		At cost		At cost
£			£		£		£
	Cost or valuation
	At 1 January 2024	237,789		57,852		184,668		480,309
	Additions	-		33,309		-		33,309
	At 31 December 2024	237,789		91,161		184,668		513,618

	Depreciation
	At 1 January 2024	171,961		49,003		142,146		363,110
	Charge for the year	35,468		10,539		10,451		56,458
	At 31 December 2024	207,429		59,542		152,597		419,568

	Carrying amount
	At 31 December 2024	30,360		31,619		32,071		94,050
	At 31 December 2023	65,828		8,849		42,522		117,199



10	Stocks					2024		2023
£							£

	Finished goods and goods for resale					6,116,349		6,183,168


11	Debtors					2024		2023
£							£

	Trade debtors					190,491		48,405
	Due from HMRC					187,521		175,855
	Due from related party					184,897		82,463
	Other debtors					-		35,150
	Prepayments and accrued income					37,129		51,651
						600,038		393,524


12	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank overdrafts					720,019		-
	Payments on account					100,023		215,543
	Trade creditors					4,099,533		4,144,636
	Corporation tax					37,875		283,923
	Other taxes and social security costs					18,443		33,766
	Other creditors					9,288		15,414
	Accruals and deferred income					1,881		11,682
						4,987,062		4,704,964


13	Share capital	Nominal		2024		2024		2023
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		405,504		405,504		405,504


14	Profit and loss account					2024		2023
£							£

	At 1 January					1,725,294		1,165,023
	Profit for the financial year					25,998		813,708
	Dividends					(331,283)		(253,437)

	At 31 December					1,420,009		1,725,294


15	Dividends					2024		2023
£							£

	Dividends on ordinary shares (note 14)					331,283		253,437



16	Other financial commitments

	Total future minimum lease payments under non-cancellable operating leases:

		Land and buildings		Land and buildings	Other		Other
		2024		2023		2024		2023
£			£		£		£
	Falling due:
	within one year	162,000		135,000		2,809		4,941
	within two to five years	486,000		405,000		-		-
		648,000		540,000		2,809		4,941


17	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr M J Campbell
	DLA - Payable On Demand	300		-		(400)		(100)

	Mr D J Campbell
	DLA - Payable On Demand	19,442		-		(19,536)		(94)

	Mr M Barnes
	DLA - Payable On Demand	15,408		-		(19,781)		(4,373)

		35,150		-		(39,717)		(4,567)


18	Related party transactions					2024		2023
£							£

	Campbells Cuerden Park Homes Limited
	Trading Relationship
	Amount Due From/(to) Related Party					184,897		82,463

	The company pays rent of £162,000 Per annum (2023 £135,000 ) to Campbells Caravans Directors Pension Scheme for the rental of two of its retail sites.


19	Presentation currency

	The financial statements are presented in Sterling.


20	Legal form of entity and country of incorporation

	Campbells Limited is a private company limited by shares and incorporated in England.
21	Principal place of business

	The address of the company's principal place of business and registered office is:

	Watkin Lane
	Lostock Hall
	Preston
	Lancashire
	PR5 5RD


22	Reconciliations on adoption of FRS 102

	Profit and loss for the year ended 31 December 2023					£

	Profit under former UK GAAP					813,708

	Profit under FRS 102					813,708

	Balance sheet at 31 December 2023					£

	Equity under former UK GAAP					2,130,798

	Equity under FRS 102					2,130,798

	Balance sheet at 1 January 2023					£

	Equity under former UK GAAP					-

	Equity under FRS 102					-