REGISTERED NUMBER: 05323553 (England and Wales)

PARKWALL CARAVANS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G A Thomas

Mr J N Thomas

SECRETARY:

Mrs G A Thomas

REGISTERED OFFICE:

Templeton

Narberth

Pembrokeshire

SA67 8SD

REGISTERED NUMBER:

05323553 (England and Wales)

FIXED ASSETS

Tangible assets

4

205,455

213,780

CURRENT ASSETS

Stocks

1,324,755

1,982,202

Debtors

295,384

380,528

Cash at bank and in hand

73,376

2,109

1,693,515

2,364,839

CREDITORS

Amounts falling due within one year

1,243,033

2,049,783

NET CURRENT ASSETS

450,482

315,056

TOTAL ASSETS LESS CURRENT LIABILITIES

655,937

528,836

CREDITORS

Amounts falling due after more than one year

(91,424

)

(10,120

)

PROVISIONS FOR LIABILITIES

(11,382

)

(12,532

)

NET ASSETS

553,131

506,184

CAPITAL AND RESERVES

Called up share capital

180

180

Retained earnings

552,951

506,004

SHAREHOLDERS' FUNDS

553,131

506,184

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 September 2025 and were signed on its behalf by:

Mrs G A Thomas - Director

1.	STATUTORY INFORMATION

Parkwall Caravans 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

289,965

DEPRECIATION

At 1 January 2024

76,185

Charge for year

8,325

At 31 December 2024

84,510

NET BOOK VALUE

At 31 December 2024

205,455

At 31 December 2023

213,780

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

73,412

DEPRECIATION

At 1 January 2024

6,607

Charge for year

2,937

At 31 December 2024

9,544

NET BOOK VALUE

At 31 December 2024

63,868

At 31 December 2023

66,805

5.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

9,534

23,636

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs G A Thomas.