Company registration number 01356748 (England and Wales)
BOB WILSON FUNFAIRS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
BOB WILSON FUNFAIRS LIMITED
COMPANY INFORMATION
Directors
Mr W J Wilson
Mrs E V Wilson
Company number
01356748
Registered office
The White House
Amusement Depot
Shipway Road Hay Mills
Birmingham
West Midlands
B25 8DS
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds TSB Bank Plc
PO Box 70
Victoria Square House
Victoria Square
Birmingham
West Midlands
B1 1BZ
BOB WILSON FUNFAIRS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
BOB WILSON FUNFAIRS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BOB WILSON FUNFAIRS LIMITED FOR THE PERIOD ENDED 27 FEBRUARY 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bob Wilson Funfairs Limited for the period ended 27 February 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Bob Wilson Funfairs Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bob Wilson Funfairs Limited and state those matters that we have agreed to state to the board of directors of Bob Wilson Funfairs Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bob Wilson Funfairs Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Bob Wilson Funfairs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bob Wilson Funfairs Limited. You consider that Bob Wilson Funfairs Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Bob Wilson Funfairs 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 financial statements.

Ormerod Rutter Limited
23 January 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
BOB WILSON FUNFAIRS LIMITED
BALANCE SHEET
AS AT 27 FEBRUARY 2024
27 February 2024
- 2 -
27 February 2024
28 February 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
29,121
1,067
Current assets
Debtors
4
437,072
342,798
Cash at bank and in hand
1,285,066
1,286,542
1,722,138
1,629,340
Creditors: amounts falling due within one year
5
(40,391)
(110,442)
Net current assets
1,681,747
1,518,898
Total assets less current liabilities
1,710,868
1,519,965
Provisions for liabilities
6
(7,280)
(203)
Net assets
1,703,588
1,519,762
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
1,702,588
1,518,762
Total equity
1,703,588
1,519,762

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 27 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 January 2025 and are signed on its behalf by:
Mrs E V Wilson
Director
Company registration number 01356748 (England and Wales)
BOB WILSON FUNFAIRS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 FEBRUARY 2024
- 3 -
1
Accounting policies
Company information

Bob Wilson Funfairs Limited is a private company limited by shares incorporated in England and Wales. The registered office is The White House, Amusement Depot, Shipway Road Hay Mills, Birmingham, West Midlands, B25 8DS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% on reducing balance
Computer equipment
20% on reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

BOB WILSON FUNFAIRS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 27 FEBRUARY 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
5
5
BOB WILSON FUNFAIRS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 27 FEBRUARY 2024
- 5 -
3
Tangible fixed assets
Plant and machinery
Computer equipment
Total
£
£
£
Cost
At 1 March 2023
1,995
362
2,357
Additions
37,750
-
0
37,750
At 27 February 2024
39,745
362
40,107
Depreciation and impairment
At 1 March 2023
1,114
176
1,290
Depreciation charged in the period
9,659
37
9,696
At 27 February 2024
10,773
213
10,986
Carrying amount
At 27 February 2024
28,972
149
29,121
At 28 February 2023
881
186
1,067
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
840
8,500
Amounts owed by group undertakings
101,732
-
0
Other debtors
334,500
334,298
437,072
342,798
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
15,030
51,026
Amounts owed to group undertakings
-
0
31,738
Taxation and social security
24,861
22,178
Other creditors
500
5,500
40,391
110,442
6
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
7,280
203
BOB WILSON FUNFAIRS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 27 FEBRUARY 2024
- 6 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,000
1,000
1,000
1,000
8
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9
Control

Ultimate parent company

 

The ultimate parent company is Bob Wilson & Sons Limited, a company registered in England and Wales.

Ultimate controlling party

 

The ultimate controlling party is Mr W J Wilson and Mrs E V Wilson by virtue of their controlling interest in the ultimate parent company.

2024-02-272023-03-01false23 January 2025CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr W J WilsonMrs E V Wilsonfalsefalse013567482023-03-012024-02-2701356748bus:Director12023-03-012024-02-2701356748bus:Director22023-03-012024-02-2701356748bus:RegisteredOffice2023-03-012024-02-2701356748bus:Agent12023-03-012024-02-27013567482024-02-27013567482023-02-2801356748core:PlantMachinery2024-02-2701356748core:ComputerEquipment2024-02-2701356748core:PlantMachinery2023-02-2801356748core:ComputerEquipment2023-02-2801356748core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-2701356748core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2801356748core:CurrentFinancialInstruments2024-02-2701356748core:CurrentFinancialInstruments2023-02-2801356748core:ShareCapital2024-02-2701356748core:ShareCapital2023-02-2801356748core:RetainedEarningsAccumulatedLosses2024-02-2701356748core:RetainedEarningsAccumulatedLosses2023-02-2801356748core:PlantMachinery2023-03-012024-02-2701356748core:ComputerEquipment2023-03-012024-02-27013567482022-03-012023-02-2801356748core:PlantMachinery2023-02-2801356748core:ComputerEquipment2023-02-28013567482023-02-2801356748core:WithinOneYear2024-02-2701356748core:WithinOneYear2023-02-2801356748bus:PrivateLimitedCompanyLtd2023-03-012024-02-2701356748bus:SmallCompaniesRegimeForAccounts2023-03-012024-02-2701356748bus:FRS1022023-03-012024-02-2701356748bus:AuditExemptWithAccountantsReport2023-03-012024-02-2701356748bus:FullAccounts2023-03-012024-02-27xbrli:purexbrli:sharesiso4217:GBP