1 April 2021 false No description of principal activity Taxfiler 2022.8.3 11842009business:PrivateLimitedCompanyLtd2021-04-012022-03-31 118420092021-03-31 118420092021-04-012022-03-31 11842009business:AuditExemptWithAccountantsReport2021-04-012022-03-31 11842009business:FullAccounts2021-04-012022-03-31 118420092022-03-31 11842009business:Director12021-04-012022-03-31 11842009business:Director22021-04-012022-03-31 11842009business:RegisteredOffice2021-04-012022-03-31 118420092021-03-31 11842009core:WithinOneYear2022-03-31 11842009core:WithinOneYear2021-03-31 11842009core:AfterOneYear2022-03-31 11842009core:AfterOneYear2021-03-31 11842009core:ShareCapital2022-03-31 11842009core:ShareCapital2021-03-31 11842009core:RetainedEarningsAccumulatedLosses2022-03-31 11842009core:RetainedEarningsAccumulatedLosses2021-03-31 11842009business:SmallEntities2021-04-012022-03-31 11842009countries:EnglandWales2021-04-012022-03-31 11842009core:PlantMachinery2021-04-012022-03-31 11842009core:MotorVehicles2021-04-012022-03-31 11842009core:FurnitureFittings2021-04-012022-03-31 11842009core:ComputerEquipment2021-04-012022-03-31 11842009core:Goodwill2021-03-31 11842009core:Goodwill2022-03-31 11842009core:Goodwill2021-04-012022-03-31 11842009core:MotorVehicles2021-03-31 11842009core:FurnitureFittings2021-03-31 11842009core:ComputerEquipment2021-03-31 11842009core:MotorVehicles2022-03-31 11842009core:FurnitureFittings2022-03-31 11842009core:ComputerEquipment2022-03-31 11842009business:OrdinaryShareClass12021-04-012022-03-31 11842009business:OrdinaryShareClass12020-04-012021-03-31 118420092020-04-012021-03-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
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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
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Elegant Design Events Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
11,970 
13,680 
Tangible assets
16,991 
14,586 
28,961 
28,266 
Current assets
Inventories
44,484 
35,694 
Debtors
3,333 
869 
Cash at bank and in hand
3,926 
2,569 
51,743 
39,132 
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)
Capital and reserves
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
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Elegant Design Events Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
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.
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
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
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Elegant Design Events Limited Notes to the Accounts for the year ended 31 March 2022
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2021
17,100 
At 31 March 2022
17,100 
Amortisation
At 1 April 2021
3,420 
Charge for the year
1,710 
At 31 March 2022
5,130 
Net book value
At 31 March 2022
11,970 
At 31 March 2021
13,680 
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 
Depreciation
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 
Net book value
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 
£ 
£ 
Trade debtors
2,802 
714 
Other debtors
531 
155 
3,333 
869 
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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 
Trade creditors
98 
18 
Taxes and social security
11 
825 
Other creditors
878 
- 
Loans from directors
29,585 
46,421 
Deferred income
13,476 
217 
44,048 
47,981 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
20,000 
19,500 
Other creditors
13,250 
- 
33,250 
19,500 
9
Share capital
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).
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