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Company Registration No. 08481542 (England and Wales)
Wells Carnival Limited Unaudited accounts for the year ended 31 March 2025
Wells Carnival Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Wells Carnival Limited Company Information for the year ended 31 March 2025
Directors
Shirley Golding Patrick Weston Carole Rolt Suzanne Rands Frances Marshall Paula Baldry
Secretary
Frances Marshall
Company Number
08481542 (England and Wales)
Registered Office
ANGLES INVADERS COURT WELLS-NEXT-THE-SEA NORFOLK NR23 1JW ENGLAND
Accountants
JJCE Accounting Services The Old Police House Polka Road Wells-next-the-Sea Norfolk NR23 1ED
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Wells Carnival Limited Accountants' report
Accountants' report to the board of directors of Wells Carnival Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wells Carnival Limited for the year ended 31 March 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Wells Carnival Limited, as a body, in accordance with the terms of our engagement letter dated 25 April 2021. Our work has been undertaken solely to prepare for your approval the accounts of Wells Carnival Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wells Carnival Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Wells Carnival Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Wells Carnival Limited. You consider that Wells Carnival Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Wells Carnival Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
JJCE Accounting Services The Old Police House Polka Road Wells-next-the-Sea Norfolk NR23 1ED 14 May 2025
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Wells Carnival Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Current assets
Cash at bank and in hand
40,059
36,725
Creditors: amounts falling due within one year
4
(1,831)
(2,016)
Net current assets
38,228
34,709
Net assets
38,228
34,709
Reserves
5
Profit and loss account
38,228
34,709
Members' funds
38,228
34,709
For the year ending 31 March 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 14 May 2025 and were signed on its behalf by
Frances Marshall Director Company Registration No. 08481542
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Wells Carnival Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Wells Carnival Limited is a private company, limited by guarantee, registered in England and Wales, registration number 08481542. The registered office is ANGLES, INVADERS COURT, WELLS-NEXT-THE-SEA, NORFOLK, NR23 1JW, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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.
Deferred taxation
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
1,318
971
Accruals
513
1,045
1,831
2,016
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Wells Carnival Limited Notes to the Accounts for the year ended 31 March 2025
5
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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