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REGISTERED NUMBER: SC318233 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Carnival Chaos Productions Limited

Carnival Chaos Productions Limited (Registered number: SC318233)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carnival Chaos Productions Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: B McFadyen
M F McFadyen



SECRETARY: M F McFadyen



REGISTERED OFFICE: 11-15 Pirrie Street
Edinburgh
Lothian
EH6 5HY



REGISTERED NUMBER: SC318233 (Scotland)



ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG



BANKERS: The Royal Bank of Scotland
12 North-West Circus Place
Edinburgh
Midlothian
EH3 6SX

Carnival Chaos Productions Limited (Registered number: SC318233)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,403 37,634

CURRENT ASSETS
Stocks 450 450
Debtors 5 13,756 30,866
Cash at bank 136,050 18,209
150,256 49,525
CREDITORS
Amounts falling due within one year 6 98,653 69,789
NET CURRENT ASSETS/(LIABILITIES) 51,603 (20,264 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,006

17,370

CREDITORS
Amounts falling due after more than one
year

7

(6,000

)

(9,000

)

PROVISIONS FOR LIABILITIES 9 (4,299 ) (7,507 )
NET ASSETS 66,707 863

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 66,697 853
SHAREHOLDERS' FUNDS 66,707 863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

Carnival Chaos Productions Limited (Registered number: SC318233)

Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 October 2018 and were signed on its behalf by:




M F McFadyen - Director



B McFadyen - Director


Carnival Chaos Productions Limited (Registered number: SC318233)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Carnival Chaos Productions Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are
considered to have been transferred to the buyer. Turnover from the supply of services represent the value of
services provided under contracts to the extent that there is a right to consideration and is recorded at fair value
of the consideration received or receivable.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is
provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of
each asset on a straight line basis over its expected useful life, as follows:

Plant & Machinery-25% per annum
Fixtures & Fittings-25% per annum
Motor Vehicles-25% per annum
Computer Equipment-25% per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset,
after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at
the end of its useful life.

Stocks
Stock are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net
realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Carnival Chaos Productions Limited (Registered number: SC318233)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued
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.

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured
at their settlement value.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past
event, it is probable that the company will be required to settle that obligation and a reliable estimate can be
made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Hire purchase and leasing commitments
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and
obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of
the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of
the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of
future lease obligations are recorded as liabilities, while the interest elements are charged to the profit and loss
account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of
the liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 8 ) .

Carnival Chaos Productions Limited (Registered number: SC318233)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2017 54,927 16,360 51,019 4,788 127,094
Additions 3,705 3,448 - 1,739 8,892
Disposals (4,850 ) - - - (4,850 )
At 31 March 2018 53,782 19,808 51,019 6,527 131,136
DEPRECIATION
At 1 April 2017 45,832 13,533 25,978 4,117 89,460
Charge for year 5,728 1,804 12,755 836 21,123
Eliminated on disposal (4,850 ) - - - (4,850 )
At 31 March 2018 46,710 15,337 38,733 4,953 105,733
NET BOOK VALUE
At 31 March 2018 7,072 4,471 12,286 1,574 25,403
At 31 March 2017 9,095 2,827 25,041 671 37,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 10,415 26,625
Other debtors 3,341 4,241
13,756 30,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts (see note 8) 3,000 3,000
Trade creditors 7,377 4,255
Taxation and social security 42,935 22,690
Other creditors 45,341 39,844
98,653 69,789

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts (see note 8) 6,000 9,000

Carnival Chaos Productions Limited (Registered number: SC318233)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.18 31.3.17
£    £   
Net obligations repayable:
Within one year 3,000 3,000
Between one and five years 6,000 9,000
9,000 12,000

9. PROVISIONS FOR LIABILITIES
31.3.18 31.3.17
£    £   
Deferred tax 4,299 7,507

Deferred
tax
£   
Balance at 1 April 2017 7,507
Provided during year (3,208 )
Balance at 31 March 2018 4,299

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
1,000 Ordinary £0.01 10 10

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st March 2018 the company owed the directors £16,158 (2017 : £19,186).

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £56,580 (2017 - £49,000) were paid to the directors .

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling interest.