Truleigh Manor Firework Company Limited 08065669 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is firework displays Digita Accounts Production Advanced 6.30.9574.0 true true 08065669 2022-06-01 2023-05-31 08065669 2023-05-31 08065669 core:RetainedEarningsAccumulatedLosses 2023-05-31 08065669 core:ShareCapital 2023-05-31 08065669 core:CurrentFinancialInstruments 2023-05-31 08065669 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 08065669 bus:SmallEntities 2022-06-01 2023-05-31 08065669 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 08065669 bus:FullAccounts 2022-06-01 2023-05-31 08065669 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 08065669 bus:RegisteredOffice 2022-06-01 2023-05-31 08065669 bus:Director1 2022-06-01 2023-05-31 08065669 bus:Director2 2022-06-01 2023-05-31 08065669 bus:Director3 2022-06-01 2023-05-31 08065669 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08065669 countries:UnitedKingdom 2022-06-01 2023-05-31 08065669 2021-06-01 2022-05-31 08065669 2022-05-31 08065669 core:RetainedEarningsAccumulatedLosses 2022-05-31 08065669 core:ShareCapital 2022-05-31 08065669 core:CurrentFinancialInstruments 2022-05-31 08065669 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 08065669

Truleigh Manor Firework Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

image-name
 

Truleigh Manor Firework Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Truleigh Manor Firework Company Limited

Company Information

Directors

Mr Guy Butterworth

William Charles Catchpole

Mr Graeme Keith Duncan

Registered office

2-4 Ash Lane
Rustington
Littlehampton
England
BN16 3BZ

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

 

Truleigh Manor Firework Company Limited

(Registration number: 08065669)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

1,261

1,261

Cash at bank and in hand

 

158

158

 

1,419

1,419

Creditors: Amounts falling due within one year

5

(1,241)

(1,241)

Net assets

 

178

178

Capital and reserves

 

Called up share capital

3

3

Profit and loss account

175

175

Shareholders' funds

 

178

178

For the financial year ending 31 May 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 September 2023 and signed on its behalf by:
 

.........................................
Mr Guy Butterworth
Director

 

Truleigh Manor Firework Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
2-4 Ash Lane
Rustington
Littlehampton
England
BN16 3BZ
England

These financial statements were authorised for issue by the Board on 26 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Truleigh Manor Firework Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Truleigh Manor Firework Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Debtors

Current

2023
£

2022
£

Trade debtors

1,000

1,000

Prepayments

261

261

 

1,261

1,261

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

893

893

Accruals and deferred income

 

348

348

 

1,241

1,241

6

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

893

893

893

893