1 March 2025 false No description of principal activity Taxfiler 2024.6 08904365 business:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 08904365 2025-02-28 08904365 2025-03-01 2026-02-28 08904365 business:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 08904365 business:FilletedAccounts 2025-03-01 2026-02-28 08904365 2026-02-28 08904365 business:Director1 2025-03-01 2026-02-28 08904365 business:Director2 2025-03-01 2026-02-28 08904365 business:RegisteredOffice 2025-03-01 2026-02-28 08904365 2025-02-28 08904365 core:WithinOneYear 2026-02-28 08904365 core:WithinOneYear 2025-02-28 08904365 core:AfterOneYear 2026-02-28 08904365 core:AfterOneYear 2025-02-28 08904365 core:ShareCapital core:PreviouslyStatedAmount 2026-02-28 08904365 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 08904365 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2026-02-28 08904365 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 08904365 core:PreviouslyStatedAmount 2026-02-28 08904365 core:PreviouslyStatedAmount 2025-02-28 08904365 business:SmallEntities 2025-03-01 2026-02-28 08904365 countries:EnglandWales 2025-03-01 2026-02-28 08904365 core:PlantMachinery 2025-03-01 2026-02-28 08904365 core:MotorVehicles 2025-03-01 2026-02-28 08904365 core:FurnitureFittings 2025-03-01 2026-02-28 08904365 core:ComputerEquipment 2025-03-01 2026-02-28 08904365 core:PlantMachinery 2025-02-28 08904365 core:MotorVehicles 2025-02-28 08904365 core:FurnitureFittings 2025-02-28 08904365 core:ComputerEquipment 2025-02-28 08904365 core:PlantMachinery 2026-02-28 08904365 core:MotorVehicles 2026-02-28 08904365 core:FurnitureFittings 2026-02-28 08904365 core:ComputerEquipment 2026-02-28 08904365 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure
Company Registration No. 08904365 (England and Wales)
Magnum Circus Ltd Unaudited accounts for the year ended 28 February 2026
Magnum Circus Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Magnum Circus Ltd Company Information for the year ended 28 February 2026
Directors
Paul Matthew Scarrott Lena Kulsuma 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
- 3 -
Magnum Circus Ltd Statement of financial position as at 28 February 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
3,050
4,067
Current assets
Debtors
5
6,059
24,776
Creditors: amounts falling due within one year
6
(8,114)
(20,614)
Net current (liabilities)/assets
(2,055)
4,162
Total assets less current liabilities
995
8,229
Creditors: amounts falling due after more than one year
7
-
(1,667)
Net assets
995
6,562
Capital and reserves
Called up share capital
100
100
Profit and loss account
895
6,462
Shareholders' funds
995
6,562
For the 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. 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 9 July 2026 and were signed on its behalf by
Paul Matthew Scarrott Director Company Registration No. 08904365
- 4 -
Magnum Circus Ltd Notes to the Accounts for the year ended 28 February 2026
1
Statutory information
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.
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.
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
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.
- 5 -
Magnum Circus Ltd Notes to the Accounts for the year ended 28 February 2026
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 2025
5,735
4,000
36,080
9,859
55,674
Disposals
(5,735)
(4,000)
(27,194)
(9,859)
(46,788)
At 28 February 2026
-
-
8,886
-
8,886
Depreciation
At 1 March 2025
5,735
4,000
32,013
9,859
51,607
Charge for the year
-
-
1,017
-
1,017
On disposals
(5,735)
(4,000)
(27,194)
(9,859)
(46,788)
At 28 February 2026
-
-
5,836
-
5,836
Net book value
At 28 February 2026
-
-
3,050
-
3,050
At 28 February 2025
-
-
4,067
-
4,067
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Accrued income and prepayments
1,055
1,055
Other debtors
5,004
23,721
6,059
24,776
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
2,111
4,504
VAT
752
2,015
Taxes and social security
4,251
8,262
Accruals
-
2,833
Deferred income
1,000
3,000
8,114
20,614
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
-
1,667
8
Average number of employees
During the year the average number of employees was 2 (2025: 3).
- 6 -