Company Registration No. 11842009 (England and Wales)
Elegant Design Events Limited
Unaudited accounts
for the year ended 31 March 2022
Elegant Design Events Limited
Unaudited accounts
Contents
Elegant Design Events Limited
Company Information
for the year ended 31 March 2022
Directors
Mrs Laura Hopkins
Mr Gavin Hopkins
Company Number
11842009 (England and Wales)
Registered Office
9 Arundle Road
Walton
Peterborough
PE4 6JJ
United Kingdom
Accountants
Cedar House Accounting
67 Stephens Way
Deeping St James
Peterborough
PE6 8EJ
Elegant Design Events Limited
Statement of financial position
as at 31 March 2022
Intangible assets
11,970
13,680
Tangible assets
16,991
14,586
Cash at bank and in hand
3,926
2,569
Creditors: amounts falling due within one year
(44,048)
(47,981)
Net current assets/(liabilities)
7,695
(8,849)
Total assets less current liabilities
36,656
19,417
Creditors: amounts falling due after more than one year
(33,250)
(19,500)
Provisions for liabilities
Deferred tax
(2,034)
(1,719)
Net assets/(liabilities)
1,372
(1,802)
Called up share capital
200
200
Profit and loss account
1,172
(2,002)
Shareholders' funds
1,372
(1,802)
For the year ending 31 March 2022 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 29 August 2022 and were signed on its behalf by
Mrs Laura Hopkins
Director
Company Registration No. 11842009
Elegant Design Events Limited
Notes to the Accounts
for the year ended 31 March 2022
Elegant Design Events Limited is a private company, limited by shares, registered in England and Wales, registration number 11842009. The registered office is 9 Arundle Road, Walton, Peterborough, PE4 6JJ, United Kingdom.
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.
The companies principle activity is providing event decor services to corporate events and weddings.
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
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
33.3% Reducing Balance
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Elegant Design Events Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Intangible fixed assets
Goodwill
Goodwill relates to the disposal of Elegant Design Events Sole Proprietor business in March 2019 and is amortised accordingly over 10 years using the straight line method.
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
18,520
2,993
2,237
23,750
Additions
6,800
-
1,188
7,988
At 31 March 2022
25,320
2,993
3,425
31,738
At 1 April 2021
6,474
1,198
1,492
9,164
Charge for the year
4,044
599
940
5,583
At 31 March 2022
10,518
1,797
2,432
14,747
At 31 March 2022
14,802
1,196
993
16,991
At 31 March 2021
12,046
1,795
745
14,586
6
Debtors: amounts falling due within one year
2022
2021
Elegant Design Events Limited
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
500
Taxes and social security
11
825
Loans from directors
29,585
46,421
Deferred income
13,476
217
8
Creditors: amounts falling due after more than one year
2022
2021
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
10
Average number of employees
During the year the average number of employees was 3 (2021: 3).