Company Registration No. 07106668 (England and Wales)
PLANET CIRCUS EQUIPMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
A6 Kingfisher House
Kingsway
Team Valley Trading Estate
Gateshead
NE11 OJQ
PLANET CIRCUS EQUIPMENT LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
256,173
301,032
Current assets
Debtors
4
64,014
52,549
Cash at bank and in hand
48,580
62,827
112,594
115,376
Creditors: amounts falling due within one year
5
(51,616)
(67,045)
Net current assets
60,978
48,331
Total assets less current liabilities
317,151
349,363
Provisions for liabilities
(39,213)
(48,755)
Net assets
277,938
300,608
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
277,937
300,607
Total equity
277,938
300,608

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

PLANET CIRCUS EQUIPMENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 2 January 2026
..............................................
Ms Tanya Mack
Director
Company registration number 07106668 (England and Wales)
PLANET CIRCUS EQUIPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Planet Circus Equipment Limited is a private company limited by shares incorporated in England and Wales. The registered office is A6 Kingfisher House, Kingsway, Team Valley Trading Estate, Gateshead, NE11 0JQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

PLANET CIRCUS EQUIPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
5% Straight Line
Plant and equipment
20% Straight Line
Motor vehicles
20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PLANET CIRCUS EQUIPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
4
PLANET CIRCUS EQUIPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2025
133,811
385,593
519,404
Additions
-
0
35,430
35,430
At 31 December 2025
133,811
421,023
554,834
Depreciation and impairment
At 1 January 2025
27,799
190,573
218,372
Depreciation charged in the year
6,691
73,598
80,289
At 31 December 2025
34,490
264,171
298,661
Carrying amount
At 31 December 2025
99,321
156,852
256,173
At 31 December 2024
106,012
195,020
301,032
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
64,014
52,549
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
11,024
1,394
Other taxation and social security
16,003
28,084
Other creditors
24,589
37,567
51,616
67,045
2025-12-31 2025-01-01 false false false 02 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Tanya Mack 07106668 2025-01-01 2025-12-31 07106668 2025-12-31 07106668 2024-12-31 07106668 core:LandBuildings 2025-12-31 07106668 core:OtherPropertyPlantEquipment 2025-12-31 07106668 core:LandBuildings 2024-12-31 07106668 core:OtherPropertyPlantEquipment 2024-12-31 07106668 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 07106668 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07106668 core:CurrentFinancialInstruments 2025-12-31 07106668 core:CurrentFinancialInstruments 2024-12-31 07106668 core:ShareCapital 2025-12-31 07106668 core:ShareCapital 2024-12-31 07106668 core:RetainedEarningsAccumulatedLosses 2025-12-31 07106668 core:RetainedEarningsAccumulatedLosses 2024-12-31 07106668 bus:Director1 2025-01-01 2025-12-31 07106668 core:LandBuildings core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 07106668 core:PlantMachinery 2025-01-01 2025-12-31 07106668 core:MotorVehicles 2025-01-01 2025-12-31 07106668 2024-01-01 2024-12-31 07106668 core:LandBuildings 2024-12-31 07106668 core:OtherPropertyPlantEquipment 2024-12-31 07106668 2024-12-31 07106668 core:LandBuildings 2025-01-01 2025-12-31 07106668 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 07106668 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07106668 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07106668 bus:FRS102 2025-01-01 2025-12-31 07106668 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 07106668 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP