Warwick Folk Festival Limited 04946948 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is to encourage and promote traditional folk music by presenting an annual festival, workshops and events in teh year. Digita Accounts Production Advanced 6.30.9574.0 true 04946948 2023-11-01 2024-10-31 04946948 2024-10-31 04946948 core:CurrentFinancialInstruments 2024-10-31 04946948 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 04946948 bus:SmallEntities 2023-11-01 2024-10-31 04946948 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 04946948 bus:FilletedAccounts 2023-11-01 2024-10-31 04946948 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04946948 bus:RegisteredOffice 2023-11-01 2024-10-31 04946948 bus:CompanySecretaryDirector1 2023-11-01 2024-10-31 04946948 bus:Director2 2023-11-01 2024-10-31 04946948 bus:Director3 2023-11-01 2024-10-31 04946948 bus:Director4 2023-11-01 2024-10-31 04946948 bus:Director5 2023-11-01 2024-10-31 04946948 bus:Director6 2023-11-01 2024-10-31 04946948 bus:CompanyLimitedByGuarantee 2023-11-01 2024-10-31 04946948 bus:Agent1 2023-11-01 2024-10-31 04946948 countries:England 2023-11-01 2024-10-31 04946948 2022-11-01 2023-10-31 04946948 2023-10-31 04946948 core:CurrentFinancialInstruments 2023-10-31 04946948 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 04946948

Warwick Folk Festival Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Warwick Folk Festival Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Warwick Folk Festival Limited

Company Information

Directors

S Dixon

GJ Bradshaw

NS Butler

MG Nottingham

JR Plumb

PE Dixon

Company secretary

S Dixon

Registered office

25 Nailcote Avenue
Coventry
CV4 9GJ

Accountants

Management & Accounting Solutions 45 Styvechale Avenue
Earlsdon
Coventry
West Midlands
CV5 6DW

 

Warwick Folk Festival Limited

(Registration number: 04946948)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1,889

1,454

Cash at bank and in hand

 

60,223

52,355

 

62,112

53,809

Creditors: Amounts falling due within one year

5

(6,447)

(18,534)

Net assets

 

55,665

35,275

Reserves

 

Retained earnings

55,665

35,275

Surplus

 

55,665

35,275

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 June 2025 and signed on its behalf by:
 

.........................................
JR Plumb
Director

 

Warwick Folk Festival Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

The address of its registered office is:
25 Nailcote Avenue
Coventry
CV4 9GJ
United Kingdom

These financial statements were authorised for issue by the Board on 10 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Warwick Folk Festival Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

4

Debtors

Current

2024
£

2023
£

Trade debtors

880

9

Other debtors

1,009

1,445

 

1,889

1,454

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,422

2,876

Accruals and deferred income

4,025

15,658

6,447

18,534