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REGISTERED NUMBER: 03152839 (England and Wales)


















ABRIDGED AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

CORPORATE EVENT SERVICES LIMITED

CORPORATE EVENT SERVICES LIMITED (REGISTERED NUMBER: 03152839)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


CORPORATE EVENT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mrs C Ashley
Mr A W Ashley





SECRETARY: Mr A W Ashley





REGISTERED OFFICE: Unit 1
Marshall Road
Hillmead
Swindon
Wiltshire
SN5 5FZ





REGISTERED NUMBER: 03152839 (England and Wales)





AUDITORS: Haines Watts
Chartered Accountants & Statutory Auditors
Old Station House
Station Approach
Newport Street
Swindon
Wiltshire
SN1 3DU

CORPORATE EVENT SERVICES LIMITED (REGISTERED NUMBER: 03152839)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

31/12/21 31/12/20
Unaudited
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 565,319 579,802

CURRENT ASSETS
Debtors 744,128 543,019
Cash at bank and in hand 681,463 494,380
1,425,591 1,037,399
CREDITORS
Amounts falling due within one year 846,248 620,486
NET CURRENT ASSETS 579,343 416,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,144,662

996,715

PROVISIONS FOR LIABILITIES 78,869 91,264
NET ASSETS 1,065,793 905,451

CAPITAL AND RESERVES
Called up share capital 802 802
Capital redemption reserve 592 592
Retained earnings 1,064,399 904,057
1,065,793 905,451

CORPORATE EVENT SERVICES LIMITED (REGISTERED NUMBER: 03152839)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2022 and were signed on its behalf by:





Mr A W Ashley - Director


CORPORATE EVENT SERVICES LIMITED (REGISTERED NUMBER: 03152839)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Corporate Event Services 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.

Going concern
The COVID-19 viral pandemic is one of the most significant economic events for the UK with unprecedented levels of uncertainty of outcomes. It is therefore difficult to evaluate all of the potential implications on the company's trade, customers, suppliers and wider economy. The Directors' view on the impact of COVID-19 is that, given the measures that could be undertaken to mitigate the current adverse conditions and the current resources available, they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

CORPORATE EVENT SERVICES LIMITED (REGISTERED NUMBER: 03152839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 26 (2020 - 32 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021 3,022,058
Additions 143,726
At 31 December 2021 3,165,784
DEPRECIATION
At 1 January 2021 2,442,256
Charge for year 158,209
At 31 December 2021 2,600,465
NET BOOK VALUE
At 31 December 2021 565,319
At 31 December 2020 579,802

CORPORATE EVENT SERVICES LIMITED (REGISTERED NUMBER: 03152839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/12/21 31/12/20
Unaudited
£    £   
Net obligations repayable:
Within one year - 43,758

Non-cancellable operating leases
31/12/21 31/12/20
Unaudited
£    £   
Within one year 112,000 112,000
Between one and five years 12,000 124,000
124,000 236,000

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Lloyd FCCA (Senior Statutory Auditor)
for and on behalf of Haines Watts

7. RENT DEPOSIT DEED

There is a rent deposit deed held over the interest in the account and the deposit balance.