REGISTERED NUMBER: 07803018 (England and Wales)

CAMPINGCONNECT LTD

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2023 TO 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B J Griffiths

R A John

Y A E Boulot

G T Tremblay

Osmozis S.A.

REGISTERED OFFICE:

C/O Bevan Buckland LLP

Ground Floor

Cardigan House

Swansea

SA7 9LA

REGISTERED NUMBER:

07803018 (England and Wales)

SENIOR STATUTORY AUDITOR:

Michael Jones

AUDITORS:

Bevan Buckland LLP (Statutory Auditors)

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

FIXED ASSETS

Intangible assets

4

128,185

44,893

Tangible assets

5

530,240

81,328

658,425

126,221

CURRENT ASSETS

Stocks

247,786

160,348

Debtors

6

203,979

102,641

Cash at bank

198,617

143,963

650,382

406,952

CREDITORS

Amounts falling due within one year

7

1,041,867

334,489

NET CURRENT (LIABILITIES)/ASSETS

(391,485

)

72,463

TOTAL ASSETS LESS CURRENT LIABILITIES

266,940

198,684

CREDITORS

Amounts falling due after more than one year

8

(53,716

)

(38,347

)

PROVISIONS FOR LIABILITIES

(41,147

)

(20,332

)

NET ASSETS

172,077

140,005

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

171,977

139,905

SHAREHOLDERS' FUNDS

172,077

140,005

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 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 12 November 2025 and were signed on its behalf by:

R A John - Director

1.	STATUTORY INFORMATION

Campingconnect 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies.

Turnover

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

Turnover, all of which arose from activities in the United Kingdom, represented the following activities:

i) Installation and upgrade fees - Turnover is recognised as work is completed, based on the achievement of contractual milestones or the completion of the related contract, when the amount of revenue can be measured reliably and it is probable that economic benefits will flow to the company.

ii) Subscription and access services - Turnover from internet subscriptions, hosting, and related connectivity services is recognised at the point at which the services are provided or over the term of the contract agreement

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, 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.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Development costs are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of five years.

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

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

10% on cost

Computer equipment

-

10% 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 period 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 period 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.

Deferred income

Deferred income represents fees that have been received by the company for services which have not yet been completed.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial I instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at transaction price.

Provisions

Provisions are recognised when the company has a present obligation (legal and constructive) from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 (2023 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Development

Computer

Goodwill

licences

costs

software

Totals

£

£

£

£

£

COST

At 1 September 2023

35,000

2

-

64,365

99,367

Additions

-

-

82,519

16,304

98,823

At 31 December 2024

35,000

2

82,519

80,669

198,190

AMORTISATION

At 1 September 2023

16,917

-

-

37,557

54,474

Amortisation for period

4,666

-

3,438

7,427

15,531

At 31 December 2024

21,583

-

3,438

44,984

70,005

NET BOOK VALUE

At 31 December 2024

13,417

2

79,081

35,685

128,185

At 31 August 2023

18,083

2

-

26,808

44,893

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

Machinery

fittings

£

£

£

COST

At 1 September 2023

-

360,913

8,194

Additions

5,573

405,253

531

Disposals

-

-

-

At 31 December 2024

5,573

766,166

8,725

DEPRECIATION

At 1 September 2023

-

286,024

7,368

Charge for period

604

43,085

154

Eliminated on disposal

-

-

-

At 31 December 2024

604

329,109

7,522

NET BOOK VALUE

At 31 December 2024

4,969

437,057

1,203

At 31 August 2023

-

74,889

826

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2023

83,075

42,724

494,906

Additions

84,676

8,397

504,430

Disposals

(6,000

)

-

(6,000

)

At 31 December 2024

161,751

51,121

993,336

DEPRECIATION

At 1 September 2023

80,070

40,116

413,578

Charge for period

10,801

895

55,539

Eliminated on disposal

(6,021

)

-

(6,021

)

At 31 December 2024

84,850

41,011

463,096

NET BOOK VALUE

At 31 December 2024

76,901

10,110

530,240

At 31 August 2023

3,005

2,608

81,328

Included in the above fixed assets are motor vehicles with a net book value of £63,743 (2023: Nil) which are held on hire purchase.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

195,229

95,584

Other debtors

312

75

Prepayments

8,438

6,982

203,979

102,641

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

22,272

20,007

Hire purchase contracts

16,565

-

Trade creditors

57,318

130,450

Amounts owed to group undertakings

557,564

-

Taxation and social security

81,452

96,943

Other creditors

306,696

87,089

1,041,867

334,489

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

9,778

38,347

Hire purchase contracts

43,938

-

53,716

38,347

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

60,503

-

Ford Credit (FCE Bank PLC) has a fixed charge against two Ford motor vehicles purchased during the period (2023 - N/A).

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified 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 Auditors' 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 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 qualified opinion.

We were not appointed as auditor of the company until after 31 December 2024 and thus did not observe the counting of physical inventories at the end of the year. We were unable to satisfy ourselves by alternate means concerning the inventory quantities held at 31 December 2024, which are included in the balance sheet at £247,786, by using other procedures. Consequently, we were unable to determine whether any adjustment to this amount was necessary. We could also not agree the opening inventory balance from the period ended 31 August 2023.

Matters required to report by exception

Michael Jones (Senior Statutory Auditor)

for and on behalf of Bevan Buckland LLP (Statutory Auditors)

11.	ULTIMATE CONTROLLING PARTY

Passman Corp is the ultimate controlling party of this company.