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REGISTERED NUMBER: 08055755 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

NORTHWEST FUNFAIRS LIMITED

NORTHWEST FUNFAIRS LIMITED (REGISTERED NUMBER: 08055755)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORTHWEST FUNFAIRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: K Hill





REGISTERED OFFICE: Unit 1 Showmans Park
Morris Street
Bolton
Lancashire
BL1 1UG





REGISTERED NUMBER: 08055755 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

NORTHWEST FUNFAIRS LIMITED (REGISTERED NUMBER: 08055755)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 246,231 272,970

CURRENT ASSETS
Debtors 6 772 -

CREDITORS
Amounts falling due within one year 7 258,886 339,843
NET CURRENT LIABILITIES (258,114 ) (339,843 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,883

)

(66,873

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (11,884 ) (66,874 )
SHAREHOLDERS' FUNDS (11,883 ) (66,873 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 25 February 2025 and were signed by:





K Hill - Director


NORTHWEST FUNFAIRS LIMITED (REGISTERED NUMBER: 08055755)

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

1. STATUTORY INFORMATION

Northwest Funfairs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Rides and equipment - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 20% 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

NORTHWEST FUNFAIRS LIMITED (REGISTERED NUMBER: 08055755)

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

5. TANGIBLE FIXED ASSETS
Rides and Motor Office
equipment Equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 299,705 - 72,630 1,618 373,953
Additions - 14,500 4,500 - 19,000
Disposals - - (11,400 ) - (11,400 )
At 31 May 2024 299,705 14,500 65,730 1,618 381,553
DEPRECIATION
At 1 June 2023 81,958 - 17,546 1,479 100,983
Charge for year 21,775 2,900 9,636 28 34,339
At 31 May 2024 103,733 2,900 27,182 1,507 135,322
NET BOOK VALUE
At 31 May 2024 195,972 11,600 38,548 111 246,231
At 31 May 2023 217,747 - 55,084 139 272,970

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Directors current account 772 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 62,373 66,160
Hire purchase contracts 171,693 222,187
Social security and other taxes 2,903 2,903
VAT 3,437 883
Directors current account - 29,230
Accrued expenses 18,480 18,480
258,886 339,843

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Hill.