U-Tow Caravans Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

U-Tow Caravans Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01248520 . The registered office is Military House, 24 Castle Street, Chester, Cheshire , CH1 2DS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not depreciated
Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Straight Line
Fixtures & Fittings	15% Straight Line
Computer Equipment	33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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U-Tow Caravans Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 8)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2025	953,300	113,867	62,612	377,353	1,507,132
Additions	-	-	18,288	50,322	68,610

As at 31 December 2025	953,300	113,867	80,900	427,675	1,575,742

Depreciation
As at 1 January 2025	-	83,519	23,175	357,641	464,335
Provided during the period	-	4,552	19,350	9,858	33,760

As at 31 December 2025	-	88,071	42,525	367,499	498,095

Net Book Value
As at 31 December 2025	953,300	25,796	38,375	60,176	1,077,647

As at 1 January 2025	953,300	30,348	39,437	19,712	1,042,797

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U-Tow Caravans Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Stocks

	2025	2024
	£	£
Stock - shop	500	1,500
Stock - caravans	228,756	387,052
Stock - accessories	2,900	2,300

	232,156	390,852

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	178,193	73,800
Other debtors	43,651	24,456

	221,844	98,256

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,288	1,288
Trade creditors	98,313	49,203
Amounts owed to group undertakings	419,921	488,477
Other creditors	23,504	40,224
Taxation and social security	81,305	79,528

	624,331	658,720

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	10,626	11,914

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	1,288	1,288
Later than one year and not later than five years	10,626	11,914

	11,914	13,202

	11,914	13,202

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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U-Tow Caravans Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

The above loan is unsecured, interest free and repayable on demand.

12. Related Party Transactions

U-Tow Caravans Limited and U-Tow Caravans (Pengarreg Caravan and Camping Centre) Limited are wholly owned subsidiaries of U-Tow Holdings Limited.

L Miller,I Miller and P Miller are controlling shareholders in U-Tow Holdings Limited.

Activity during the year:- 2025 2024

Trading transactions £ £

U-Tow Caravans (Pengarreg Caravan and Camping Centre) Limited 30,000 48,000

Loan transactions

U-Tow Caravans (Pengarreg Caravan and Camping Centre) Limited (38,556) (14,760)

At the balance sheet date,the following balances were due (to)/from related parties:-

U-Tow Holdings Limited (5,218) (5,218)

U-Tow Caravans (Pengarreg Caravan and Camping Centre) Limited (414,703) (483,259)

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,077,647		1,042,797

			1,077,647		1,042,797
CURRENT ASSETS
Stocks	5	232,156		390,852
Debtors	6	221,844		98,256
Cash at bank and in hand		118,668		208,510

		572,668		697,618
Creditors: Amounts Falling Due Within One Year	7	(624,331 )		(658,720 )

NET CURRENT ASSETS (LIABILITIES)			(51,663 )		38,898

TOTAL ASSETS LESS CURRENT LIABILITIES			1,025,984		1,081,695

Creditors: Amounts Falling Due After More Than One Year	8		(10,626 )		(11,914 )

NET ASSETS			1,015,358		1,069,781

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			1,015,258		1,069,681

SHAREHOLDERS' FUNDS			1,015,358		1,069,781