IRIS Accounts Production v22.1.4.3 09433804 director 1.4.21 31.3.22 31.3.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure094338042021-03-31094338042022-03-31094338042021-04-012022-03-31094338042020-03-31094338042020-04-012021-03-31094338042021-03-3109433804ns16:EnglandWales2021-04-012022-03-3109433804ns15:PoundSterling2021-04-012022-03-3109433804ns11:Director12021-04-012022-03-3109433804ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3109433804ns11:SmallEntities2021-04-012022-03-3109433804ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3109433804ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3109433804ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3109433804ns11:FullAccounts2021-04-012022-03-310943380412021-04-012022-03-3109433804ns11:RegisteredOffice2021-04-012022-03-3109433804ns6:CurrentFinancialInstruments2022-03-3109433804ns6:CurrentFinancialInstruments2021-03-3109433804ns6:Non-currentFinancialInstruments2022-03-3109433804ns6:Non-currentFinancialInstruments2021-03-3109433804ns6:ShareCapital2022-03-3109433804ns6:ShareCapital2021-03-3109433804ns6:RetainedEarningsAccumulatedLosses2022-03-3109433804ns6:RetainedEarningsAccumulatedLosses2021-03-3109433804ns6:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3109433804ns6:FurnitureFittings2021-04-012022-03-3109433804ns6:ComputerEquipment2021-04-012022-03-3109433804ns6:ComputerSoftware2021-03-3109433804ns6:ComputerSoftware2021-04-012022-03-3109433804ns6:ComputerSoftware2022-03-3109433804ns6:ComputerSoftware2021-03-3109433804ns6:ShortLeaseholdAssetsns6:LandBuildings2021-03-3109433804ns6:FurnitureFittings2021-03-3109433804ns6:ComputerEquipment2021-03-3109433804ns6:ShortLeaseholdAssetsns6:LandBuildings2021-04-012022-03-3109433804ns6:ShortLeaseholdAssetsns6:LandBuildings2022-03-3109433804ns6:FurnitureFittings2022-03-3109433804ns6:ComputerEquipment2022-03-3109433804ns6:ShortLeaseholdAssetsns6:LandBuildings2021-03-3109433804ns6:FurnitureFittings2021-03-3109433804ns6:ComputerEquipment2021-03-3109433804ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3109433804ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3109433804ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-03-3109433804ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-03-31
REGISTERED NUMBER: 09433804 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

MAKE EVENTS LIMITED

MAKE EVENTS LIMITED (REGISTERED NUMBER: 09433804)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAKE EVENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: Mrs H Moore





REGISTERED OFFICE: 62-66 Regency Court
Deansgate
Manchester
M3 2EN





REGISTERED NUMBER: 09433804 (England and Wales)





ACCOUNTANTS: Sedulo Accountants Limited
Chartered Certified Accountants
62-66 Deansgate
Manchester
M3 2EN

MAKE EVENTS LIMITED (REGISTERED NUMBER: 09433804)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 54 2,087
Tangible assets 5 48,676 57,440
48,730 59,527

CURRENT ASSETS
Debtors 6 391,739 155,167
Cash at bank and in hand 1,465,538 773,127
1,857,277 928,294
CREDITORS
Amounts falling due within one year 7 1,414,441 515,715
NET CURRENT ASSETS 442,836 412,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,566

472,106

CREDITORS
Amounts falling due after more than one
year

8

(153,077

)

(319,103

)

PROVISIONS FOR LIABILITIES (10,914 ) (10,914 )
NET ASSETS 327,575 142,089

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 327,474 141,988
SHAREHOLDERS' FUNDS 327,575 142,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MAKE EVENTS LIMITED (REGISTERED NUMBER: 09433804)

BALANCE SHEET - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2022 and were signed by:





Mrs H Moore - Director


MAKE EVENTS LIMITED (REGISTERED NUMBER: 09433804)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Make Events Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are to the nearest £.

Going concern
In common with virtually every other business in the country, the Company has been experiencing the effects of the Coronavirus pandemic. Whilst the full impact of this exceptional situation on the Company cannot be assessed with complete certainty at the current time, the Directors believe they have taken all possible steps to protect the Company including accessing relevant Government assistance.

At the time of signing these accounts the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Computer software is being amortised over its estimated useful life over 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

MAKE EVENTS LIMITED (REGISTERED NUMBER: 09433804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial statements.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial statements.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial asserts classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less, if not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.


Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial asserts classified as receivable within one year are not amortised.


MAKE EVENTS LIMITED (REGISTERED NUMBER: 09433804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less, if not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 10 ) .

MAKE EVENTS LIMITED (REGISTERED NUMBER: 09433804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2021
and 31 March 2022 10,162
AMORTISATION
At 1 April 2021 8,075
Amortisation for year 2,033
At 31 March 2022 10,108
NET BOOK VALUE
At 31 March 2022 54
At 31 March 2021 2,087

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2021 - 78,551 20,366 98,917
Additions 10,536 4,690 3,001 18,227
At 31 March 2022 10,536 83,241 23,367 117,144
DEPRECIATION
At 1 April 2021 - 30,620 10,857 41,477
Charge for year - 22,803 4,188 26,991
At 31 March 2022 - 53,423 15,045 68,468
NET BOOK VALUE
At 31 March 2022 10,536 29,818 8,322 48,676
At 31 March 2021 - 47,931 9,509 57,440

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 306,706 94,668
Amounts owed by participating interests 44,558 15,978
Tax - 27,595
VAT - 7,054
Prepayments and accrued income 40,475 9,872
391,739 155,167

MAKE EVENTS LIMITED (REGISTERED NUMBER: 09433804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 145,000 84,167
Trade creditors 376,225 79,406
Tax 59,518 -
Social security and other taxes - 6,835
VAT 168,498 -
Other creditors 192,017 88,669
Directors' loan accounts 8,532 18,383
Accruals and deferred income 464,651 238,255
1,414,441 515,715

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans - 2-5 years 153,077 319,103

9. RELATED PARTY DISCLOSURES

Included within creditors due within one year is an amount owed to the director of £8,532 (2021 - £18,383).

This balance is payable on demand and incurs no interest.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs H Moore.