REGISTERED NUMBER: 13648044 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Festival Pride Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C R B Gameson

REGISTERED OFFICE:

794 High Street

Kingswinford

United Kingdom

West Midlands

DY6 8BQ

REGISTERED NUMBER:

13648044 (England and Wales)

ACCOUNTANTS:

Dalton Pardoe Limited

Chartered Accountants

794 High Street

Kingswinford

West Midlands

DY6 8BQ

FIXED ASSETS

Tangible assets

4

6,442

6,017

CURRENT ASSETS

Stocks

16,500

15,250

Debtors

5

1,083

951

Cash at bank

1,255

860

18,838

17,061

CREDITORS

Amounts falling due within one year

6

28,571

31,401

NET CURRENT LIABILITIES

(9,733

)

(14,340

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,291

)

(8,323

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(3,391

)

(8,423

)

SHAREHOLDERS' FUNDS

(3,291

)

(8,323

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 14 March 2025 and were signed by:

C R B Gameson - Director

1.	STATUTORY INFORMATION

Festival Pride 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

1,449

9,000

10,449

Additions

2,572

-

2,572

At 31 December 2024

4,021

9,000

13,021

DEPRECIATION

At 1 January 2024

494

3,938

4,432

Charge for year

882

1,265

2,147

At 31 December 2024

1,376

5,203

6,579

NET BOOK VALUE

At 31 December 2024

2,645

3,797

6,442

At 31 December 2023

955

5,062

6,017

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

VAT

1,083

951

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

380

-

Tax

21

1

Directors' current accounts

27,450

30,332

Accrued expenses

720

1,068

28,571

31,401

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 January 2024

(8,423

)

Profit for the year

5,032

At 31 December 2024

(3,391

)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C R B Gameson.