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REGISTERED NUMBER: SC318233 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Carnival Chaos Productions Limited

Carnival Chaos Productions Limited (Registered number: SC318233)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carnival Chaos Productions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B McFadyen
M F McFadyen



SECRETARY: M F McFadyen



REGISTERED OFFICE: 11-15 Pirrie Street
Edinburgh
EH6 5HY



REGISTERED NUMBER: SC318233 (Scotland)



ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG



BANKERS: The Royal Bank of Scotland
12 North-West Circus Place
Edinburgh
Midlothian
EH3 6SX

Carnival Chaos Productions Limited (Registered number: SC318233)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,859 40,438

CURRENT ASSETS
Stocks 580 580
Debtors 5 88,179 59,996
Cash at bank 225,424 228,141
314,183 288,717
CREDITORS
Amounts falling due within one year 6 74,637 65,871
NET CURRENT ASSETS 239,546 222,846
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,405

263,284

CREDITORS
Amounts falling due after more than one year 7 (11,775 ) (21,730 )

PROVISIONS FOR LIABILITIES 8 (8,538 ) (3,902 )
NET ASSETS 272,092 237,652

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 272,082 237,642
SHAREHOLDERS' FUNDS 272,092 237,652

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Carnival Chaos Productions Limited (Registered number: SC318233)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:




M F McFadyen - Director



B McFadyen - Director


Carnival Chaos Productions Limited (Registered number: SC318233)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Carnival Chaos Productions Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represent the value of services provided under contracts to the extent that there is a right to consideration and is recorded at fair value of the consideration received or receivable.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight line basis over its expected useful life, as follows:

Plant & Machinery-25% per annum
Fixtures & Fittings-25% per annum
Motor Vehicles-25% per annum
Computer Equipment-25% per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks
Stock are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Carnival Chaos Productions Limited (Registered number: SC318233)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Hire purchase and leasing commitments
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the profit and loss account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 66,288 13,954 120,053 8,463 208,758
Additions 9,000 - 25,000 1,083 35,083
At 31 March 2024 75,288 13,954 145,053 9,546 243,841
DEPRECIATION
At 1 April 2023 59,733 13,589 87,402 7,596 168,320
Charge for year 4,701 122 17,134 705 22,662
At 31 March 2024 64,434 13,711 104,536 8,301 190,982
NET BOOK VALUE
At 31 March 2024 10,854 243 40,517 1,245 52,859
At 31 March 2023 6,555 365 32,651 867 40,438

Carnival Chaos Productions Limited (Registered number: SC318233)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 23,948 15,490
Other debtors 64,231 44,506
88,179 59,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,409 2,128
Taxation and social security 33,173 9,174
Other creditors 39,055 54,569
74,637 65,871

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 11,775 21,730

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 8,538 3,902

Deferred
tax
£   
Balance at 1 April 2023 3,902
Provided during year 4,636
Balance at 31 March 2024 8,538

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £0.01 10 10

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2024, the company owed directors £23,099. (2023: £39,589).

Carnival Chaos Productions Limited (Registered number: SC318233)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. RELATED PARTY DISCLOSURES





Related Party




Type of transaction



Amount
31.3.24



Amount
31.3.23
Balance
receivable
/(payable) to
related party as
at 31.3.24
Balance
receivable
/(payable) to
related party as
at 31.3.23
£ £ £ £

Arbor Mill Limited Loan - - 27,599 27,599
Rent 3,000 3,000 - -

Dimpleknowe Farm Loan 15,000 15,000 15,000 15,000


Directors of the company are also directors of Arbor Mill Limited.
Directors of the company are also associated with Dimpleknowe Farm.

12. ULTIMATE CONTROLLING PARTY

The controlling party is B McFadyen.