REGISTERED NUMBER: 12393898 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

LANCASHIRE CARAVANS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Sagar

Mrs H C Sagar

Mrs M E Sagar

REGISTERED OFFICE:

Unit 7

Hall Moss Business Park

Darwen

Lancashire

BB3 2TT

REGISTERED NUMBER:

12393898 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

FIXED ASSETS

Tangible assets

4

75,490

128,547

CURRENT ASSETS

Stocks

317,550

155,200

Debtors

111,775

156,930

Cash at bank

84,168

208,817

513,493

520,947

CREDITORS

Amounts falling due within one year

217,625

190,011

NET CURRENT ASSETS

295,868

330,936

TOTAL ASSETS LESS CURRENT LIABILITIES

371,358

459,483

CREDITORS

Amounts falling due after more than one year

(70,378

)

(104,376

)

PROVISIONS FOR LIABILITIES

(17,088

)

(30,238

)

NET ASSETS

283,892

324,869

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

283,792

324,769

SHAREHOLDERS' FUNDS

283,892

324,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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 Balance Sheet for the year ended 31st January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th October 2025 and were signed on its behalf by:

A Sagar - Director

1.	STATUTORY INFORMATION

Lancashire Caravans Ltd 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 (£).

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.

Depreciation

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.

Freehold property

-

20% on reducing balance

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% 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 Statement of Income and Retained Earnings, 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st February 2024

187,434

Additions

5,385

Disposals

(41,561

)

At 31st January 2025

151,258

DEPRECIATION

At 1st February 2024

58,887

Charge for year

24,738

Eliminated on disposal

(7,857

)

At 31st January 2025

75,768

NET BOOK VALUE

At 31st January 2025

75,490

At 31st January 2024

128,547

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

Totals

£

COST

At 1st February 2024

158,158

Disposals

(8,061

)

Transfer to ownership

(15,950

)

At 31st January 2025

134,147

DEPRECIATION

At 1st February 2024

42,662

Charge for year

20,448

Eliminated on disposal

(7,857

)

Transfer to ownership

(11,220

)

At 31st January 2025

44,033

NET BOOK VALUE

At 31st January 2025

90,114

At 31st January 2024

115,496

5.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Gross obligations repayable:

Within one year

14,165

27,269

Between one and five years

77,380

119,528

91,545

146,797

Finance charges repayable:

Within one year

7,313

9,231

Between one and five years

7,002

15,152

14,315

24,383

Net obligations repayable:

Within one year

6,852

18,038

Between one and five years

70,378

104,376

77,230

122,414

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

77,230

122,414

The company assets were secured by fixed and floating charges, dated 7 February 2020, in favour of National Westminster Bank PLC. The charges have been satisfied since the year end on 5 September 2025.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors A & H C Sagar, who own all of the issued share capital.