Company Registration No. 08481542 (England and Wales)
Wells Carnival Limited
Unaudited accounts
for the year ended 31 March 2024
Wells Carnival Limited
Unaudited accounts
Contents
Wells Carnival Limited
Company Information
for the year ended 31 March 2024
Directors
Shirley Golding
Patrick Weston
Carole Rolt
Suzanne Rands
Frances Marshall
Paula Baldry
Secretary
Frances Marshall
Company Number
08481542 (England and Wales)
Registered Office
ANGLES
INVADERS COURT
WELLS-NEXT-THE-SEA
NORFOLK
NR23 1JW
ENGLAND
Accountants
JJCE Accounting Services
The Old Police House
Polka Road
Wells-next-the-Sea
Norfolk
NR23 1ED
Wells Carnival Limited
Accountants' report
Accountants' report to the board of directors of Wells Carnival Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Wells Carnival Limited for the year ended
31 March 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Wells Carnival Limited, as a body, in accordance with the terms of our engagement letter dated 25 April 2021. Our work has been undertaken solely to prepare for your approval the accounts of Wells Carnival Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wells Carnival Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Wells Carnival Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Wells Carnival Limited. You consider that Wells Carnival Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Wells Carnival Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
JJCE Accounting Services
The Old Police House
Polka Road
Wells-next-the-Sea
Norfolk
NR23 1ED
22 April 2024
Wells Carnival Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
36,725
34,745
Creditors: amounts falling due within one year
(2,016)
(511)
Net current assets
34,709
34,234
Profit and loss account
34,709
34,234
Members' funds
34,709
34,234
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by
Frances Marshall
Director
Company Registration No. 08481542
Wells Carnival Limited
Notes to the Accounts
for the year ended 31 March 2024
Wells Carnival Limited is a private company, limited by guarantee, registered in England and Wales, registration number 08481542. The registered office is ANGLES, INVADERS COURT, WELLS-NEXT-THE-SEA, NORFOLK, NR23 1JW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
971
(434)
Wells Carnival Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).