The Shepton Mallet Carnival Limited

(Registration number: 03818286)
Balance Sheet
28 February 2026

	Note	2026 £	2025 £
Current assets
Debtors	5	412	411
Cash at bank and in hand		23,598	25,674
		24,010	26,085
Creditors: Amounts falling due within one year	6	(1,065)	(660)
Net assets		22,945	25,425
Reserves
Retained earnings		22,945	25,425
Surplus		22,945	25,425

The Shepton Mallet Carnival Limited

(Registration number: 03818286)
Balance Sheet
28 February 2026

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 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 22 April 2026 and signed on its behalf by:
 

......................................... C Puddy - Chairman Director

The Shepton Mallet Carnival Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2026

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 £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

These financial statements were authorised for issue by the Board on 22 April 2026.

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.

The Shepton Mallet Carnival Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2026

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from donations and sponsorship in relation to the annual carnival as well as for the sale of merchandise and provision of services in the ordinary course of the company’s activities.

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.

Tax

No Corporation Tax liability arises for the year. By Inland Revenue concession the company is exempt from Corporation Tax on any surplus for the year due to the nature of its fund-raising activities.

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2025 - 0).

The Shepton Mallet Carnival Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 March 2025	7,662	7,662
At 28 February 2026	7,662	7,662
Depreciation
At 1 March 2025	7,662	7,662
At 28 February 2026	7,662	7,662
Carrying amount
At 28 February 2026	-	-

5

Debtors

	2026 £	2025 £
Prepayments	412	411
	412	411

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Accruals and deferred income	1,065	660