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REGISTERED NUMBER: 11665881 (England and Wales)















Financial Statements for the Year Ended 30 November 2022

for

Confetti Wedding Cars Ltd

Confetti Wedding Cars Ltd (Registered number: 11665881)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Confetti Wedding Cars Ltd

Company Information
for the Year Ended 30 November 2022







DIRECTOR: Mr D G Broadbent





REGISTERED OFFICE: Hillgate Place
77 Middle Hillgate
Stockport
Cheshire
SK1 3EH





REGISTERED NUMBER: 11665881 (England and Wales)





ACCOUNTANTS: HLP Ltd
Accounting and Tax Solutions
Hillgate Place
77 Middle Hillgate
Stockport
Cheshire
SK1 3EH

Confetti Wedding Cars Ltd (Registered number: 11665881)

Balance Sheet
30 November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,600 7,700
Tangible assets 5 - 1,295
6,600 8,995

CURRENT ASSETS
Debtors 6 - 571
Cash at bank and in hand 67 193
67 764
CREDITORS
Amounts falling due within one year 7 54,702 54,383
NET CURRENT LIABILITIES (54,635 ) (53,619 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,035

)

(44,624

)

CREDITORS
Amounts falling due after more than one
year

8

4,392

6,202
NET LIABILITIES (52,427 ) (50,826 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (52,527 ) (50,926 )
(52,427 ) (50,826 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Confetti Wedding Cars Ltd (Registered number: 11665881)

Balance Sheet - continued
30 November 2022


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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





Mr D G Broadbent - Director


Confetti Wedding Cars Ltd (Registered number: 11665881)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

Confetti Wedding Cars Ltd 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 (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Retained Earnings, 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.

Going concern
The financial statements have been prepared on a going concern basis. This may not be appropriate because the company's liabilities exceed its assets.

In the opinion of the directors this basis is correct in that this situation will be reversed once the company again commences to trade profitably. The company has received confirmation that over the next twelve months it will have adequate financial support from its largest creditors.

Confetti Wedding Cars Ltd (Registered number: 11665881)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2021
and 30 November 2022 11,000
AMORTISATION
At 1 December 2021 3,300
Charge for year 1,100
At 30 November 2022 4,400
NET BOOK VALUE
At 30 November 2022 6,600
At 30 November 2021 7,700

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 December 2021 1,796
Disposals (1,796 )
At 30 November 2022 -
DEPRECIATION
At 1 December 2021 501
Eliminated on disposal (501 )
At 30 November 2022 -
NET BOOK VALUE
At 30 November 2022 -
At 30 November 2021 1,295

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors - 571

Confetti Wedding Cars Ltd (Registered number: 11665881)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 1,810 1,631
Payments on account - 500
Trade creditors 744 -
Amounts owed to participating interests 15,012 15,012
Other creditors 37,136 37,240
54,702 54,383

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 4,392 6,202