30/06/2019
2019-06-30
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
false
No description of principal activities is disclosed
2018-07-01
Sage Accounts Production 18.30 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
06963052
2018-07-01
2019-06-30
06963052
2019-06-30
06963052
2018-06-30
06963052
2017-07-01
2018-06-30
06963052
2018-06-30
06963052
core:LandBuildings
core:ShortLeaseholdAssets
2018-07-01
2019-06-30
06963052
core:PlantMachinery
2018-07-01
2019-06-30
06963052
core:MotorVehicles
2018-07-01
2019-06-30
06963052
core:NetGoodwill
2018-07-01
2019-06-30
06963052
bus:Director1
2018-07-01
2019-06-30
06963052
core:WithinOneYear
2019-06-30
06963052
core:WithinOneYear
2018-06-30
06963052
core:NetGoodwill
2019-06-30
06963052
core:IntangibleAssetsOtherThanGoodwill
2019-06-30
06963052
core:LandBuildings
core:ShortLeaseholdAssets
2018-06-30
06963052
core:FurnitureFittingsToolsEquipment
2018-06-30
06963052
core:MotorVehicles
2018-06-30
06963052
core:LandBuildings
core:ShortLeaseholdAssets
2019-06-30
06963052
core:FurnitureFittingsToolsEquipment
2019-06-30
06963052
core:MotorVehicles
2019-06-30
06963052
core:AfterOneYear
2019-06-30
06963052
core:AfterOneYear
2018-06-30
06963052
core:FurnitureFittingsToolsEquipment
2018-07-01
2019-06-30
06963052
core:ShareCapital
2019-06-30
06963052
core:ShareCapital
2018-06-30
06963052
core:RetainedEarningsAccumulatedLosses
2019-06-30
06963052
core:RetainedEarningsAccumulatedLosses
2018-06-30
06963052
core:BetweenOneFiveYears
2019-06-30
06963052
core:BetweenOneFiveYears
2018-06-30
06963052
core:DeferredTaxation
2018-07-01
2019-06-30
06963052
core:NetGoodwill
2018-06-30
06963052
core:IntangibleAssetsOtherThanGoodwill
2018-06-30
06963052
core:AcceleratedTaxDepreciationDeferredTax
2019-06-30
06963052
core:AcceleratedTaxDepreciationDeferredTax
2018-06-30
06963052
core:LandBuildings
core:ShortLeaseholdAssets
2018-06-30
06963052
core:FurnitureFittingsToolsEquipment
2018-06-30
06963052
core:MotorVehicles
2018-06-30
06963052
core:LeasedAssetsHeldAsLessee
core:MotorVehicles
2019-06-30
06963052
core:LeasedAssetsHeldAsLessee
core:MotorVehicles
2018-06-30
06963052
core:DeferredTaxation
2018-06-30
06963052
core:DeferredTaxation
2019-06-30
06963052
bus:SmallEntities
2018-07-01
2019-06-30
06963052
bus:AuditExempt-NoAccountantsReport
2018-07-01
2019-06-30
06963052
bus:FullAccounts
2018-07-01
2019-06-30
06963052
bus:SmallCompaniesRegimeForAccounts
2018-07-01
2019-06-30
06963052
bus:PrivateLimitedCompanyLtd
2018-07-01
2019-06-30
06963052
core:WithinOneYear
2018-07-01
2019-06-30
06963052
core:AfterOneYear
2018-07-01
2019-06-30
06963052
core:UltimateParent
2018-07-01
2019-06-30
Company registration number:
06963052
Caravans by Active Leisure Limited
Unaudited filleted financial statements
30 June 2019
Caravans by Active Leisure Limited
Contents
Statement of financial position
Notes to the financial statements
Caravans by Active Leisure Limited
Statement of financial position
30 June 2019
|
|
|
2019
|
|
|
|
2018
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Intangible assets
|
|
5
|
3
|
|
|
|
3
|
|
|
Tangible assets
|
|
6
|
105,964
|
|
|
|
108,563
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
105,967
|
|
|
|
108,566
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Stocks
|
|
7
|
284,133
|
|
|
|
259,055
|
|
|
Debtors
|
|
8
|
28,834
|
|
|
|
13,643
|
|
|
Cash at bank and in hand
|
|
|
197,697
|
|
|
|
157,776
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
510,664
|
|
|
|
430,474
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
10
|
(
466,195)
|
|
|
|
(
398,639)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current assets
|
|
|
|
|
44,469
|
|
|
|
31,835
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
150,436
|
|
|
|
140,401
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
after more than one year
|
|
11
|
|
|
(
100,089)
|
|
|
|
(
93,875)
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities
|
|
12
|
|
|
(
7,832)
|
|
|
|
(
11,131)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net assets
|
|
|
|
|
42,515
|
|
|
|
35,395
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
2
|
|
|
|
2
|
Profit and loss account
|
|
|
|
|
42,513
|
|
|
|
35,393
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders funds
|
|
|
|
|
42,515
|
|
|
|
35,395
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 November 2019
, and are signed on behalf of the board by:
M A Hodgkiss
Director
Company registration number:
06963052
Caravans by Active Leisure Limited
Notes to the financial statements
Year ended 30 June 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Deansfield House, 98 Lancaster Road, Newcastle under Lyme, Staffordshire, ST5 1DS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Short leasehold property
|
-
|
15 %
|
reducing balance
|
|
Plant and machinery
|
-
|
25 %
|
reducing balance
|
|
Motor vehicles
|
-
|
25 %
|
reducing balance
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2018:
10
).
5.
Intangible assets
|
|
Goodwill
|
Other intangible assets
|
Total
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
At 1 July 2018 and 30 June 2019
|
1
|
2
|
3
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
Amortisation
|
|
|
|
|
|
|
|
At 1 July 2018 and 30 June 2019
|
-
|
-
|
-
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
At 30 June 2019
|
1
|
2
|
3
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
At 30 June 2018
|
1
|
2
|
3
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Short leasehold property
|
Fixtures, fittings and equipment
|
Motor vehicles
|
Total
|
|
|
|
|
|
£
|
£
|
£
|
£
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
|
At 1 July 2018
|
88,005
|
68,013
|
36,050
|
192,068
|
|
|
|
|
Additions
|
4,764
|
1,393
|
24,144
|
30,301
|
|
|
|
|
Disposals
|
-
|
-
|
(
12,500)
|
(
12,500)
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
At 30 June 2019
|
92,769
|
69,406
|
47,694
|
209,869
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 July 2018
|
28,893
|
40,463
|
14,149
|
83,505
|
|
|
|
|
Charge for the year
|
9,319
|
7,050
|
7,156
|
23,525
|
|
|
|
|
Disposals
|
-
|
-
|
(
3,125)
|
(
3,125)
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
At 30 June 2019
|
38,212
|
47,513
|
18,180
|
103,905
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 30 June 2019
|
54,557
|
21,893
|
29,514
|
105,964
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
At 30 June 2018
|
59,112
|
27,550
|
21,901
|
108,563
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
Obligations under finance leases
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
|
|
|
|
|
|
|
|
|
|
|
Motor vehicles
|
|
|
|
|
|
|
|
|
£
|
|
|
|
|
|
|
|
At 30 June 2019
|
28,228
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
|
At 30 June 2018
|
10,811
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Stocks
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
New caravan stock
|
|
86,939
|
88,610
|
|
Used caravan stock
|
|
143,425
|
117,795
|
|
Workshop stock
|
|
53,769
|
52,650
|
|
|
|
_______
|
_______
|
|
|
|
284,133
|
259,055
|
|
|
|
_______
|
_______
|
|
|
|
|
|
8.
Debtors
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Trade debtors
|
|
23,328
|
3,688
|
|
Prepayments and accrued income
|
|
5,506
|
9,955
|
|
|
|
_______
|
_______
|
|
|
|
28,834
|
13,643
|
|
|
|
_______
|
_______
|
|
|
|
|
|
9.
Cash and cash equivalents
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Bank current account
|
|
168,096
|
94,764
|
|
Bank deposit account
|
|
26,599
|
51,424
|
|
Cash in hand
|
|
3,002
|
11,588
|
|
|
|
_______
|
_______
|
|
|
|
197,697
|
157,776
|
|
|
|
_______
|
_______
|
|
|
|
|
|
10.
Creditors: amounts falling due within one year
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Trade creditors
|
|
182,285
|
181,694
|
|
Customer deposits
|
|
13,471
|
78,315
|
|
DF Capital - stocking loan
|
|
142,690
|
58,036
|
|
Close Brothers - stocking loan
|
|
(-)
|
8,740
|
|
Accruals and deferred income
|
|
45,239
|
32,723
|
|
Corporation tax
|
|
20,128
|
14,604
|
|
PAYE & NI
|
|
2,602
|
2,464
|
|
VAT payable
|
|
47,513
|
17,720
|
|
Obligations under finance leases
|
|
8,456
|
3,750
|
|
Director loan accounts
|
|
3,155
|
185
|
|
Pension contributions
|
|
656
|
408
|
|
|
|
_______
|
_______
|
|
|
|
466,195
|
399,047
|
|
|
|
_______
|
_______
|
|
|
|
|
|
The hire purchase liability is secured on the asset to which it relates.The stocking loan is secured by personal guarantee by the directors.
11.
Creditors: amounts falling due after more than one year
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Other loan
|
|
90,750
|
90,750
|
|
Obligations under finance leases
|
|
9,339
|
3,125
|
|
|
|
_______
|
_______
|
|
|
|
100,089
|
93,875
|
|
|
|
_______
|
_______
|
|
|
|
|
|
The hire purchase liability is secured on the asset to which it relates.The stocking loan is secured by personal guarantee by the directors.
12.
Provisions
|
|
Deferred tax (note 13)
|
Total
|
|
|
|
|
|
£
|
£
|
|
|
|
|
At 1 July 2018
|
11,131
|
11,131
|
|
|
|
|
Charges against provisions
|
(
3,299)
|
(
3,299)
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
At 30 June 2019
|
7,832
|
7,832
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
13.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Included in provisions (note 12)
|
|
7,832
|
11,131
|
|
|
|
_______
|
_______
|
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Accelerated capital allowances
|
|
7,832
|
11,131
|
|
|
|
_______
|
_______
|
|
|
|
|
|
14.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
|
|
|
£ |
£ |
|
|
|
Later than 1 year and not later than 5 years |
2,006
|
3,343
|
|
_______ |
_______ |
|
|
|
15.
Related party transactions
M A and M Hodgkiss are related parties of the company by virtue of their directorships of and shareholdings in the company.
During the year M A and M Hodgkiss introduced net funds into the company in the sum of £2,970 (2018: introduced net funds of £9,863). At the year end the company owed M A and M Hodgkiss the sum of £3,155 (2018: the company owed £185).