Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2021-01-01falseNo description of principal activity1211true 3575436 2021-01-01 2021-12-31 3575436 2020-01-01 2020-12-31 3575436 2021-12-31 3575436 2020-12-31 3575436 c:Director1 2021-01-01 2021-12-31 3575436 d:Buildings 2021-01-01 2021-12-31 3575436 d:Buildings 2021-12-31 3575436 d:Buildings 2020-12-31 3575436 d:Buildings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 3575436 d:PlantMachinery 2021-01-01 2021-12-31 3575436 d:PlantMachinery 2021-12-31 3575436 d:PlantMachinery 2020-12-31 3575436 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 3575436 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 3575436 d:CurrentFinancialInstruments 2021-12-31 3575436 d:CurrentFinancialInstruments 2020-12-31 3575436 d:Non-currentFinancialInstruments 2021-12-31 3575436 d:Non-currentFinancialInstruments 2020-12-31 3575436 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 3575436 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 3575436 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 3575436 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 3575436 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 3575436 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-12-31 3575436 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 3575436 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-12-31 3575436 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-12-31 3575436 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2020-12-31 3575436 d:ShareCapital 2021-12-31 3575436 d:ShareCapital 2020-12-31 3575436 d:RetainedEarningsAccumulatedLosses 2021-12-31 3575436 d:RetainedEarningsAccumulatedLosses 2020-12-31 3575436 c:OrdinaryShareClass1 2021-01-01 2021-12-31 3575436 c:OrdinaryShareClass1 2021-12-31 3575436 c:OrdinaryShareClass1 2020-12-31 3575436 c:FRS102 2021-01-01 2021-12-31 3575436 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 3575436 c:FullAccounts 2021-01-01 2021-12-31 3575436 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 3575436 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 3575436 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 3575436 7 2021-01-01 2021-12-31 3575436 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-12-31 3575436 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2020-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 3575436









SPECIAL EVENT SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
SPECIAL EVENT SERVICES LIMITED
REGISTERED NUMBER: 3575436

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,071,882
947,595

Current assets
  

Debtors: amounts falling due within one year
 5 
124,766
324,472

Cash at bank and in hand
 6 
600,639
532,565

  
725,405
857,037

Creditors: amounts falling due within one year
 7 
(565,242)
(768,278)

Net current assets
  
 
 
160,163
 
 
88,759

Total assets less current liabilities
  
1,232,045
1,036,354

Creditors: amounts falling due after more than one year
 8 
(289,746)
(269,106)

Provisions for liabilities
  

Deferred tax
 10 
(202,848)
(179,093)

  
 
 
(202,848)
 
 
(179,093)

Net assets
  
739,451
588,155


Capital and reserves
  

Called up share capital 
 11 
100,000
100,000

Profit and loss account
  
639,451
488,155

  
739,451
588,155


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
SPECIAL EVENT SERVICES LIMITED
REGISTERED NUMBER: 3575436
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 July 2022.




P R Whitby
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SPECIAL EVENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Special Event Services Limited is a private company limited by shares and domiciled in England and Wales. The registered office is at Priory House,45-51 High Street, Reigate, Surrey RH2 9AE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

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 when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SPECIAL EVENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.3

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
SPECIAL EVENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
15%
reducing basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
SPECIAL EVENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2020 - 11).

Page 6

 
SPECIAL EVENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Freehold property
Plant, machinery and vehicles
Total

£
£
£



Cost or valuation


At 1 January 2021
5,000
1,744,505
1,749,505


Additions
-
732,826
732,826


Disposals
-
(510,277)
(510,277)



At 31 December 2021

5,000
1,967,054
1,972,054



Depreciation


At 1 January 2021
-
801,910
801,910


Charge for the year on owned assets
-
188,274
188,274


Disposals
-
(90,012)
(90,012)



At 31 December 2021

-
900,172
900,172



Net book value



At 31 December 2021
5,000
1,066,882
1,071,882



At 31 December 2020
5,000
942,595
947,595

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2021
2020
£
£



Plant and machinery
-
423,835

Page 7

 
SPECIAL EVENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Debtors

2021
2020
£
£


Trade debtors
118,696
228,198

Amounts owed by joint ventures and associated undertakings
-
70

Other debtors
6,070
96,204

124,766
324,472



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
600,639
532,565



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
10,000
6,667

Trade creditors
166,527
181,996

Corporation tax
53,987
95,421

Other taxation and social security
55,314
271,674

Obligations under finance lease and hire purchase contracts
106,223
138,049

Other creditors
18,996
16,908

Accruals and deferred income
154,195
57,563

565,242
768,278



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
34,167
43,333

Net obligations under finance leases and hire purchase contracts
255,579
225,773

289,746
269,106


Page 8

 
SPECIAL EVENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

9.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
10,000
6,667

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
24,167
30,000

Amounts falling due after more than 5 years

Bank loans
-
3,333

44,167
50,000



10.


Deferred taxation




2021


£






At beginning of year
179,093


Charge to profit or loss
23,755



At end of year
202,848

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
202,848
179,093


11.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



100,000 (2020 - 100,000) Ordinary shares of £1.00 each
100,000
100,000


Page 9

 
SPECIAL EVENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

12.


Pension commitments

"The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £9,004 (2020 - £7,510). Contributions totalling £nil (2020 - £nil) were payable to the fund at the reporting date and are included in creditors.


13.Director's personal guarantees

P R Whitby has guaranteed the bank overdraft to a maximum of £100,000..

 
Page 10