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
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
Magnum Circus Ltd
Statement of financial position
as at 28 February 2026
Tangible assets
3,050
4,067
Creditors: amounts falling due within one year
(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
-
(1,667)
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
Magnum Circus Ltd
Notes to the Accounts
for the year ended 28 February 2026
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.
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
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
At 28 February 2026
-
-
3,050
-
3,050
At 28 February 2025
-
-
4,067
-
4,067
Amounts falling due within one year
Accrued income and prepayments
1,055
1,055
Other debtors
5,004
23,721
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
2,111
4,504
Taxes and social security
4,251
8,262
Deferred income
1,000
3,000
7
Creditors: amounts falling due after more than one year
2026
2025
8
Average number of employees
During the year the average number of employees was 2 (2025: 3).