SBS Leisure Homes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04607566 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

SBS Leisure Homes Limited

T/A

Yorkshire Coast Caravans

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I M Fairey

SECRETARY:

I M Fairey

REGISTERED OFFICE:

Unit 3 Lancaster Road

Carnaby Industrial Estate

Bridlington

East Yorkshire

YO15 3QY

REGISTERED NUMBER:

04607566 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Intangible assets

4

1,012

2,662

Tangible assets

5

213,490

281,669

214,502

284,331

CURRENT ASSETS

Stocks

6

800,822

1,163,554

Debtors

7

95,953

61,269

Cash at bank and in hand

493,016

459,708

1,389,791

1,684,531

CREDITORS

Amounts falling due within one year

8

712,690

1,028,045

NET CURRENT ASSETS

677,101

656,486

TOTAL ASSETS LESS CURRENT
LIABILITIES

891,603

940,817

CREDITORS

Amounts falling due after more than one
year

9

(23,570

)

(34,500

)

PROVISIONS FOR LIABILITIES

12

-

(10,296

)

NET ASSETS

868,033

896,021

CAPITAL AND RESERVES

Called up share capital

13

109

Retained earnings

867,924

895,912

SHAREHOLDERS' FUNDS

868,033

896,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

I M Fairey - Director

1.	STATUTORY INFORMATION

SBS Leisure Homes 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

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

Income recognition

Turnover represents the amount derived from the provision of goods and services to customers after deduction of trade discounts and value added tax.

Turnover is recognised at the point at which the risks and rewards of the goods are transferred to the customer and the services are rendered.

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.

Website is being amortised evenly over its estimated useful life of three years.

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.

Freehold land

-

not provided

Improvements to property

-

10% on cost

Plant and machinery

-

33% on cost and 15% on cost

Motor vehicles

-

25% on reducing balance

Vehicles for hire

-

33% on cost

The company writes down vehicles for hire on a straight line basis to their estimated residual values at the end of their useful lives of 3 years.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 the profit and loss account 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 20 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1 October 2024

and 30 September 2025

5,000

AMORTISATION

At 1 October 2024

2,338

Amortisation for year

1,650

At 30 September 2025

3,988

NET BOOK VALUE

At 30 September 2025

1,012

At 30 September 2024

2,662

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

land

property

machinery

£

COST

At 1 October 2024

140,882

68,487

54,702

Additions

-

2,286

902

Disposals

-

(853

)

At 30 September 2025

140,882

70,773

54,751

DEPRECIATION

At 1 October 2024

-

45,183

48,761

Charge for year

-

5,448

2,935

Eliminated on disposal

-

(853

)

At 30 September 2025

-

50,631

50,843

NET BOOK VALUE

At 30 September 2025

140,882

20,142

3,908

At 30 September 2024

140,882

23,304

5,941

Motor

Vehicles

vehicles

for hire

Totals

£

COST

At 1 October 2024

105,405

87,180

456,656

Additions

42,268

-

45,456

Disposals

(47,001

)

(87,180

)

(135,034

)

At 30 September 2025

100,672

-

367,078

DEPRECIATION

At 1 October 2024

70,139

10,904

174,987

Charge for year

11,616

5,994

25,993

Eliminated on disposal

(29,641

)

(16,898

)

(47,392

)

At 30 September 2025

52,114

-

153,588

NET BOOK VALUE

At 30 September 2025

48,558

-

213,490

At 30 September 2024

35,266

76,276

281,669

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

Motor

vehicles

£

COST

Additions

42,268

At 30 September 2025

42,268

DEPRECIATION

Charge for year

5,284

At 30 September 2025

5,284

NET BOOK VALUE

At 30 September 2025

36,984

6.

STOCKS

2025

2024

£

Work-in-progress

2,096

2,234

Finished goods

798,726

1,161,320

800,822

1,163,554

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

14,410

21,473

Prepayments and accrued income

81,543

39,796

95,953

61,269

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans

366,260

636,127

Hire purchase contracts (see note 10)

2,260

-

Trade creditors

79,218

80,344

Social security and other taxes

164,793

136,613

Payments on account

18,128

60,620

Directors' current accounts

25,901

Accruals and deferred income

56,130

88,440

712,690

1,028,045

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loan - 1-2 years

-

34,500

Hire purchase contracts (see note 10)

23,570

-

23,570

34,500

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

2,260

-

Between one and five years

23,570

-

25,830

-

Non-cancellable

operating leases

2025

2024

£

Within one year

55,628

Between one and five years

13,907

69,535

125,163

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

366,260

670,627

Hire purchase contracts

25,830

-

392,090

670,627

Hire purchase liabilities are secured against the assets to which they relate.

The company has four bank loans:

- Three of the bank loans relate to inventory financing and are repayable within 1 year. These loans are secured against the stock to which they relate.

- The fourth bank loan of £230,000 is repayable over 6 years with a fixed interest rate of 3.8% over base rate.

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

-

10,296

Deferred

tax

£

Balance at 1 October 2024

10,296

Provided during year

(10,296

)

Balance at 30 September 2025

-

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

45

Ordinary 'A'

£1

45

54

Ordinary 'B'

£1

54

10

Ordinary 'C'

£1

10

109

The shares shall rank pari passu in all respect save that they may participate in the distribution of varying dividends as declared by the company from time to time.

14.	RELATED PARTY DISCLOSURES

2025

2024

£

Personnel of the entity:

Amount due to director

25,901

No interest has been charged.