Company Registration No. 08904365 (England and Wales)
Magnum Circus Ltd
Unaudited accounts
for the year ended 28 February 2025
Magnum Circus Ltd
Unaudited accounts
Contents
Magnum Circus Ltd
Company Information
for the year ended 28 February 2025
Directors
Paul Scarrott
Lena Scarrott
Company Number
08904365 (England and Wales)
Registered Office
16 Prestbury Road
Cheltenham
GL52 2PW
England
Accountants
Next Level Accountants Limited
35 Goddard Way
Tuffley
Gloucester
Gloucestershire
GL4 0YA
Magnum Circus Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
4,067
9,286
Cash at bank and in hand
-
7,909
Creditors: amounts falling due within one year
(20,614)
(34,999)
Net current assets/(liabilities)
4,162
(1,008)
Total assets less current liabilities
8,229
8,278
Creditors: amounts falling due after more than one year
(1,667)
(5,649)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
6,462
676
Shareholders' funds
6,562
776
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2025 and were signed on its behalf by
Paul Scarrott
Director
Company Registration No. 08904365
Magnum Circus Ltd
Notes to the Accounts
for the year ended 28 February 2025
Magnum Circus Ltd is a private company, limited by shares, registered in England and Wales, registration number 08904365. The registered office is 16 Prestbury Road, Cheltenham, GL52 2PW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Magnum Circus Ltd
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
5,735
4,000
36,080
9,859
55,674
At 28 February 2025
5,735
4,000
36,080
9,859
55,674
At 1 March 2024
4,440
3,110
28,986
9,852
46,388
Charge for the year
1,295
890
3,027
7
5,219
At 28 February 2025
5,735
4,000
32,013
9,859
51,607
At 28 February 2025
-
-
4,067
-
4,067
At 29 February 2024
1,295
890
7,094
7
9,286
Amounts falling due within one year
Accrued income and prepayments
1,055
1,916
Other debtors
23,721
24,166
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,504
4,008
Taxes and social security
8,262
11,334
Loans from directors
-
1,797
Deferred income
3,000
15,571
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 3 (2024: 4).