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REGISTERED NUMBER: 05740395 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Carousel Amusements Limited

Carousel Amusements Limited (Registered number: 05740395)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Carousel Amusements Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M J G Hill
J D M Hill
J H Cogger
G J Cogger





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 05740395 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Carousel Amusements Limited (Registered number: 05740395)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,364,081 1,405,445
1,364,081 1,405,445

CURRENT ASSETS
Stocks 12,787 12,300
Debtors 6 70,008 71,751
Cash at bank and in hand 330,208 355,700
413,003 439,751
CREDITORS
Amounts falling due within one year 7 318,509 369,427
NET CURRENT ASSETS 94,494 70,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,458,575

1,475,769

CREDITORS
Amounts falling due after more than one
year

8

(93,333

)

(133,333

)

PROVISIONS FOR LIABILITIES (198,978 ) (166,632 )
NET ASSETS 1,166,264 1,175,804

CAPITAL AND RESERVES
Called up share capital 9 400 400
Retained earnings 1,165,864 1,175,404
SHAREHOLDERS' FUNDS 1,166,264 1,175,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Carousel Amusements Limited (Registered number: 05740395)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:




M J G Hill - Director J D M Hill - Director




J H Cogger - Director G J Cogger - Director


Carousel Amusements Limited (Registered number: 05740395)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Carousel Amusements Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of goods and services net of value added tax. Revenue is recognised at point of sale in respect of cash takings and accrued income for licence fees received.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of 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.
Land and Buildings - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Machines and rides - 20% on cost and 5% 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.

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.


Carousel Amusements Limited (Registered number: 05740395)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 9,554 4,924 14,478
AMORTISATION
At 1 April 2022
and 31 March 2023 9,554 4,924 14,478
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 - - -

Carousel Amusements Limited (Registered number: 05740395)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and
Buildings property machinery
£    £    £   
COST
At 1 April 2022 625,000 4,208 14,000
Additions - - -
Disposals - - (7,000 )
At 31 March 2023 625,000 4,208 7,000
DEPRECIATION
At 1 April 2022 56,000 1,374 8,400
Charge for year 4,000 85 1,400
Eliminated on disposal - - (7,000 )
At 31 March 2023 60,000 1,459 2,800
NET BOOK VALUE
At 31 March 2023 565,000 2,749 4,200
At 31 March 2022 569,000 2,834 5,600

Fixtures
and Motor Machines
fittings vehicles and rides Totals
£    £    £    £   
COST
At 1 April 2022 82,898 1,840 1,363,399 2,091,345
Additions 32,747 - 78,918 111,665
Disposals (3,400 ) - (164,550 ) (174,950 )
At 31 March 2023 112,245 1,840 1,277,767 2,028,060
DEPRECIATION
At 1 April 2022 54,365 1,840 563,921 685,900
Charge for year 15,154 - 69,471 90,110
Eliminated on disposal (3,400 ) - (101,631 ) (112,031 )
At 31 March 2023 66,119 1,840 531,761 663,979
NET BOOK VALUE
At 31 March 2023 46,126 - 746,006 1,364,081
At 31 March 2022 28,533 - 799,478 1,405,445

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 38,066 2,973
Other debtors 31,942 68,778
70,008 71,751

Carousel Amusements Limited (Registered number: 05740395)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 40,000 40,000
Trade creditors 15,650 66,438
Amounts owed to group undertakings 133,002 82,587
Taxation and social security 91,991 139,839
Other creditors 37,866 40,563
318,509 369,427

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 93,333 133,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
400 Ordinary £1 400 400

Carousel Amusements Limited

Report of the Accountants to the Directors of
Carousel Amusements Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................