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No description of principal activity
2023-01-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
02080688
2023-01-01
2023-12-31
02080688
2023-12-31
02080688
2022-12-31
02080688
2022-01-01
2022-12-31
02080688
2022-12-31
02080688
2021-12-31
02080688
core:PlantMachinery
2023-01-01
2023-12-31
02080688
core:FurnitureFittings
2023-01-01
2023-12-31
02080688
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2023-01-01
2023-12-31
02080688
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2023-01-01
2023-12-31
02080688
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2023-01-01
2023-12-31
02080688
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2023-01-01
2023-12-31
02080688
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2023-01-01
2023-12-31
02080688
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2023-12-31
02080688
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2022-12-31
02080688
core:ShareCapital
2023-12-31
02080688
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2022-12-31
02080688
core:RetainedEarningsAccumulatedLosses
2023-12-31
02080688
core:RetainedEarningsAccumulatedLosses
2022-12-31
02080688
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core:Non-currentFinancialInstruments
2022-12-31
02080688
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2023-12-31
02080688
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core:Non-currentFinancialInstruments
2023-12-31
02080688
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2023-12-31
02080688
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core:Non-currentFinancialInstruments
2023-12-31
02080688
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2023-12-31
02080688
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2022-12-31
02080688
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2022-12-31
02080688
bus:Director1
2023-12-31
02080688
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2021-12-31
02080688
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2022-12-31
02080688
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2022-01-01
2022-12-31
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2023-01-01
2023-12-31
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2023-12-31
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2023-01-01
2023-12-31
02080688
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2023-12-31
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2023-01-01
2023-12-31
COMPANY REGISTRATION NUMBER:
02080688
Carefree Amusements Limited |
|
Filleted Unaudited Abridged Financial Statements |
|
R E Jones & Co.
Carefree Amusements Limited |
|
Abridged Financial Statements |
|
Year ended 31 December 2023
Officers and professional advisers |
1 |
|
|
Abridged statement of financial position |
2 |
|
|
Notes to the abridged financial statements |
4 |
|
|
R E Jones & Co.
Carefree Amusements Limited |
|
Officers and Professional Advisers |
|
Company secretary |
Mrs K Petrie |
|
|
Registered office |
Unit 10 |
|
Mendip Business Park |
|
Mendip Road |
|
Rooksbridge |
|
Somerset |
|
BS26 2UG |
|
|
Accountants |
R. E. Jones & Co. |
|
Chartered accountants |
|
132 Burnt Ash Road |
|
Lee |
|
London |
|
SE12 8PU |
|
|
Bankers |
Lloyds TSB |
|
25 Cornhill |
|
Bridgewater |
|
Somerset |
|
TA6 3AY |
|
|
R E Jones & Co.
Carefree Amusements Limited |
|
Abridged Statement of Financial Position |
|
31 December 2023
Fixed assets
Tangible assets |
5 |
|
219,472 |
219,542 |
Investments |
6 |
|
1,125,219 |
1,064,152 |
|
|
------------- |
------------- |
|
|
1,344,691 |
1,283,694 |
|
|
|
|
|
Current assets
Stocks |
56,713 |
|
57,256 |
Debtors |
60,493 |
|
60,362 |
Cash at bank and in hand |
205,322 |
|
298,745 |
|
---------- |
|
---------- |
|
322,528 |
|
416,363 |
|
|
|
|
Creditors: amounts falling due within one year |
28,745 |
|
29,189 |
|
---------- |
|
---------- |
Net current assets |
|
293,783 |
387,174 |
|
|
------------- |
------------- |
Total assets less current liabilities |
|
1,638,474 |
1,670,868 |
|
|
------------- |
------------- |
Net assets |
|
1,638,474 |
1,670,868 |
|
|
------------- |
------------- |
|
|
|
|
R E Jones & Co.
Carefree Amusements Limited |
|
Abridged Statement of Financial Position (continued) |
|
31 December 2023
Capital and reserves
Called up share capital |
|
2 |
2 |
Profit and loss account |
|
1,638,472 |
1,670,866 |
|
|
------------- |
------------- |
Shareholders funds |
|
1,638,474 |
1,670,868 |
|
|
------------- |
------------- |
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
23 September 2024
, and are signed on behalf of the board by:
Company registration number:
02080688
R E Jones & Co.
Carefree Amusements Limited |
|
Notes to the Abridged Financial Statements |
|
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 10, Mendip Business Park, Mendip Road, Rooksbridge, Somerset, BS26 2UG.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
25% reducing balance |
|
Fixtures and fittings |
- |
25% reducing balance |
|
Motor vehicles |
- |
25% reducing balance |
|
Equipment |
- |
25% reducing balance |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
6
(2022:
5
).
5.
Tangible assets
|
£ |
Cost |
|
At 1 January 2023 |
233,095 |
Additions |
1,965 |
|
---------- |
At 31 December 2023 |
235,060 |
|
---------- |
Depreciation |
|
At 1 January 2023 |
13,553 |
Charge for the year |
2,035 |
|
---------- |
At 31 December 2023 |
15,588 |
|
---------- |
Carrying amount |
|
At 31 December 2023 |
219,472 |
|
---------- |
At 31 December 2022 |
219,542 |
|
---------- |
|
|
6.
Investments
|
£ |
Cost |
|
At 1 January 2023 |
1,064,152 |
Additions |
60,000 |
Disposals |
(
95,000) |
Revaluations |
96,067 |
|
------------- |
At 31 December 2023 |
1,125,219 |
|
------------- |
Impairment |
|
At 1 January 2023 and 31 December 2023 |
– |
|
------------- |
Carrying amount |
|
At 31 December 2023 |
1,125,219 |
|
------------- |
At 31 December 2022 |
1,064,152 |
|
------------- |
|
|
7.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
|
2023 |
|
|
Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mr G Petrie |
(
26,781) |
567 |
(
26,214) |
|
|
--------- |
---- |
--------- |
|
|
|
|
|
|
2022 |
|
|
Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mr G Petrie |
(
26,857) |
76 |
(
26,781) |
|
|
--------- |
---- |
--------- |
|
|
|
|
|
8.
Related party transactions
The company was under the control of
Mr G Petrie
throughout the current and previous year. Mr G Petrie
is the majority shareholder.