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REGISTERED NUMBER: 08898783 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Circusmash Ltd

Circusmash Ltd (Registered number: 08898783)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Circusmash Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J Fearn





REGISTERED OFFICE: All Saints Centre
2 Vicarage Road
Kings Heath
Birmingham
West Midlands
B14 7RA





REGISTERED NUMBER: 08898783 (England and Wales)





ACCOUNTANTS: Oscroft & Co Limited
41 Tyninghame Avenue
Tettenhall
Wolverhampton
West Midlands
WV6 9PP

Circusmash Ltd (Registered number: 08898783)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,242 6,579
1,242 6,579

CURRENT ASSETS
Stocks 276 -
Debtors 6 25,657 30,888
Cash at bank 4,709 787
30,642 31,675
CREDITORS
Amounts falling due within one year 7 11,599 16,797
NET CURRENT ASSETS 19,043 14,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,285

21,457

CREDITORS
Amounts falling due after more than one
year

8

19,992

22,737
NET ASSETS/(LIABILITIES) 293 (1,280 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 193 (1,380 )
SHAREHOLDERS' FUNDS 293 (1,280 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 25 November 2024 and were signed by:





J Fearn - Director


Circusmash Ltd (Registered number: 08898783)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Circusmash 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 33% on reducing balance
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Circusmash Ltd (Registered number: 08898783)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 5,000
AMORTISATION
At 1 March 2023
and 29 February 2024 5,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 47,198 2,136 11,833 6,386 67,553
Additions 396 - - - 396
Disposals (358 ) - (11,833 ) (19 ) (12,210 )
At 29 February 2024 47,236 2,136 - 6,367 55,739
DEPRECIATION
At 1 March 2023 44,968 2,136 7,851 6,019 60,974
Charge for year 1,026 - - 348 1,374
Eliminated on disposal - - (7,851 ) - (7,851 )
At 29 February 2024 45,994 2,136 - 6,367 54,497
NET BOOK VALUE
At 29 February 2024 1,242 - - - 1,242
At 28 February 2023 2,230 - 3,982 367 6,579

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 3,000
Other debtors 13,192 6,790
Directors' loan accounts 12,147 20,782
VAT 318 -
Prepayments - 316
25,657 30,888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 2,700 2,881
Trade creditors 3,385 2,110
Tax 3,205 7,986
Social security and other taxes 60 -
Other creditors - 2,264
Accrued expenses 2,249 1,556
11,599 16,797

Circusmash Ltd (Registered number: 08898783)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 2,815 2,710
Bank loans - 2-5 years 9,188 8,836
Bank loans more 5 yr by instal 7,989 11,191
19,992 22,737

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,989 11,191

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
J Fearn
Balance outstanding at start of year 20,782 17,956
Amounts advanced - 2,826
Amounts repaid (8,635 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,147 20,782

The amounts advanced to directors are interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is J Fearn.

The ultimate controlling party is J Fearn.