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REGISTERED NUMBER: 13403787 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

VICTORIAN CAROUSEL LIMITED

VICTORIAN CAROUSEL LIMITED (REGISTERED NUMBER: 13403787)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


VICTORIAN CAROUSEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: A J North





REGISTERED OFFICE: Unit 7, Courtyard 31,
Pontefract Road
Normanton
West Yorkshire
WF6 1JU





REGISTERED NUMBER: 13403787 (England and Wales)





ACCOUNTANTS: Smith Turner Chartered Accountants
Unit 7, Courtyard 31
Pontefract Road
Normanton
WF6 1JU

VICTORIAN CAROUSEL LIMITED (REGISTERED NUMBER: 13403787)

BALANCE SHEET
31ST MAY 2024

31/5/24 31/5/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 400,438 298,369

CURRENT ASSETS
Debtors 5 74,125 22,186
Cash at bank 113,771 138,004
187,896 160,190
CREDITORS
Amounts falling due within one year 6 (230,972 ) (174,005 )
NET CURRENT LIABILITIES (43,076 ) (13,815 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,362

284,554

PROVISIONS FOR LIABILITIES (40,055 ) (29,295 )
NET ASSETS 317,307 255,259

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 317,207 255,159
317,307 255,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 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.

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 director and authorised for issue on 28th October 2024 and were signed by:



A J North - Director


VICTORIAN CAROUSEL LIMITED (REGISTERED NUMBER: 13403787)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Victorian Carousel 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.

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

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 etc - 10% on reducing balance

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.

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
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 8 (2023 - 4 ) .

VICTORIAN CAROUSEL LIMITED (REGISTERED NUMBER: 13403787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st June 2023 147,827 181,785 329,612
Additions 82,534 38,575 121,109
At 31st May 2024 230,361 220,360 450,721
DEPRECIATION
At 1st June 2023 - 31,243 31,243
Charge for year - 19,040 19,040
At 31st May 2024 - 50,283 50,283
NET BOOK VALUE
At 31st May 2024 230,361 170,077 400,438
At 31st May 2023 147,827 150,542 298,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 68,063 753
Other debtors 6,062 21,433
74,125 22,186

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade creditors 7,887 3,239
Taxation and social security 22,698 12,689
Other creditors 200,387 158,077
230,972 174,005

7. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £191,721 due to the director of the business. No interest is being charged on this amount, and there are no fixed terms for repayment.