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Company Registration No. 11737972 (England and Wales)
Event Dispense Services Limited Unaudited accounts for the year ended 31 December 2021
Event Dispense Services Limited Unaudited accounts Contents
Page
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Event Dispense Services Limited Company Information for the year ended 31 December 2021
Director
Simon Richard Bertho
Company Number
11737972 (England and Wales)
Registered Office
Quillets Barn Kilhallon Par Cornwall PL24 2RL
Accountants
Linggard and Thomas Mor Workspace Treloggan Lane Newquay Cornwall TR7 2FP
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Event Dispense Services Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,357 
56,502 
Current assets
Inventories
12,247 
8,517 
Debtors
12,246 
19,240 
Cash at bank and in hand
136,446 
66,044 
160,939 
93,801 
Creditors: amounts falling due within one year
(59,258)
(21,164)
Net current assets
101,681 
72,637 
Total assets less current liabilities
138,038 
129,139 
Creditors: amounts falling due after more than one year
(41,209)
(50,000)
Provisions for liabilities
Deferred tax
(1,963)
- 
Net assets
94,866 
79,139 
Capital and reserves
Called up share capital
41,601 
41,601 
Profit and loss account
53,265 
37,538 
Shareholders' funds
94,866 
79,139 
For the year ending 31 December 2021 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 director acknowledges his 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 and authorised for issue on 13 September 2022 and were signed on its behalf by
Simon Richard Bertho Director Company Registration No. 11737972
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Event Dispense Services Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Event Dispense Services Limited is a private company, limited by shares, registered in England and Wales, registration number 11737972. The registered office is Quillets Barn, Kilhallon, Par, Cornwall, PL24 2RL.
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
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
33.3% straight line/ 20% straight line
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.
Going concern
The accounts have been prepared on a going concern basis. As part of this assessment the Directors have reviewed the impact of the Covid-19 pandemic on the business. The pandemic has been widespread and profound but this is being effectively managed by the use of government support schemes such as the CJRS and BBLS as well as internal controls. Whilst recognising that there is a degree of uncertainty the Directors are satisfied that the going concern basis of preparation remains appropriate.
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Event Dispense Services Limited Notes to the Accounts for the year ended 31 December 2021
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2021
80,940 
At 31 December 2021
80,940 
Depreciation
At 1 January 2021
24,438 
Charge for the year
20,145 
At 31 December 2021
44,583 
Net book value
At 31 December 2021
36,357 
At 31 December 2020
56,502 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
10,046 
12,394 
Accrued income and prepayments
2,200 
2,189 
Other debtors
- 
4,657 
12,246 
19,240 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
5,550 
- 
VAT
2,448 
(1,255)
Trade creditors
8,939 
12,541 
Taxes and social security
14,486 
2,049 
Proposed dividends
27,711 
7,490 
Other creditors
124 
339 
59,258 
21,164 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
41,209 
50,000 
8
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
41,601 Ordinary shares of £1 each
41,601 
41,601 
9
Average number of employees
During the year the average number of employees was 3 (2020: 3).
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