REGISTERED NUMBER: 04796984 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2012

FOR

ABC CAMPING & OUTDOOR LEISURE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms T Fearn

Mrs M R Fearn

J N Fearn

SECRETARY:

Ms T Fearn

REGISTERED OFFICE:

St Johns Court

Upper Fforest Way

Swansea Enterprise Park

Swansea

West Glamorgan

SA6 8QQ

REGISTERED NUMBER:

04796984 (England and Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

1st Floor

Nathaniel House

David Street

Bridgend

South Wales

CF31 3SA

FIXED ASSETS

Intangible assets

2

111,600

118,800

Tangible assets

3

50,071

59,821

161,671

178,621

CURRENT ASSETS

Stocks

204,002

223,621

Debtors

259,991

252,685

Cash in hand

432

871

464,425

477,177

CREDITORS

Amounts falling due within one year

4

217,763

219,321

NET CURRENT ASSETS

246,662

257,856

TOTAL ASSETS LESS CURRENT LIABILITIES

408,333

436,477

CREDITORS

Amounts falling due after more than one year

4

(346,439

)

(375,214

)

PROVISIONS FOR LIABILITIES

(6,522

)

(8,063

)

NET ASSETS

55,372

53,200

CAPITAL AND RESERVES

Called up share capital

5

30

30

Profit and loss account

55,342

53,170

SHAREHOLDERS' FUNDS

55,372

53,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2012 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 September 2013 and were signed on its behalf by:

Mrs M R Fearn - Director

J N Fearn - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when

the goods are physically despatched to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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 etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2012

and 31 December 2012

180,000

AMORTISATION

At 1 January 2012

61,200

Amortisation for year

7,200

At 31 December 2012

68,400

NET BOOK VALUE

At 31 December 2012

111,600

At 31 December 2011

118,800

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2012

and 31 December 2012

171,185

DEPRECIATION

At 1 January 2012

111,364

Charge for year

9,750

At 31 December 2012

121,114

NET BOOK VALUE

At 31 December 2012

50,071

At 31 December 2011

59,821

4.

CREDITORS

Creditors include an amount of £ 157,931 (31/12/11 - £ 165,458 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/12

31/12/11

value:

£

£

30

Ordinary

£1

30

30