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Financial Statements |
for the Period from |
CONTENTS | PAGE |
Company Information | 2 |
Statement of Financial Position | 3 |
Notes to the Accounts | 4 |
Company Details | |
Company Number | 12877797 |
Registered Office | BIZSPACE LTD, KNOLL BUSINESS CENTRE 325-327 OLD SHOREHAM ROAD |
HOVE | |
EAST SUSSEX | |
BN3 7GS | |
Directors | |
Directors who held office during the period were: | |
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Notes | 2022 | 2021 | ||
£ | £ | |||
Fixed Assets | ||||
Current Assets | ||||
Debtors due | 5 | |||
Cash at bank and in hand | ||||
Creditors | ||||
Amount falling due within one year | 6 | ( | ( | |
Net Current Assets | ( | ( | ||
Total Assets less current liabilities | ( | ( | ||
Net Assets | ( | ( | ||
Capital and Reserves | ||||
Called up Share Capital | ||||
Share Premium Account | ||||
Retained earnings at end of year | ( | ( | ||
Shareholder funds | ( | ( | ||
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Approved by the Board on |
Andrew A Emmens ACMA |
Company Registration No. |
1. Statutory Information |
SELECT GLOBAL EVENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12877797. |
2. Accounting Policies |
Basis of preparing the Financial Statements |
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Presentation Currency |
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Turnover |
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3. Employees | |
Average number of employees, including directors, during the year was as follows: | |
2022 | |
2021 | |
4. Principal Activity | |
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5. Debtors | ||||
2022 | 2021 | |||
£ | £ | |||
Trade debtors | ||||
Other debtors | ||||
Prepayment and accrued income | ||||
6. Creditors: amount falling due within one year | ||||
2022 | 2021 | |||
£ | £ | |||
Trade Creditors | ||||
Other tax and social security | ||||
Other Creditors | ||||
Accruals and deferred income | ||||
Creditors Due within one year |
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7. Additional Notes |
Revenue Recognition Policies for Different Revenue Types continuedRevenue Type - Exhibition space and related servicesPerformance Obligations - Provision of services associated with exhibition and/or conference events.Revenue Recognition Accounting Policy - Performance obligations are satisfied at the point of time that services are provided to the customer with revenue recognised when the event has taken place. In light of postponement for any reason the performance obligations and revenue recognition will align with the revised event dates.Timing of customer payments – Payments for events are normally received in advance of the event date. Typically 50% is received up to 12 months in advance of the event date with the balance 3 months in advance of the event date, and are held are deferred income until the event date. In light of postponement, payments may extend beyond 12 months before the revised event dates.Revenue Type – Attendee Ticket SalesPerformance Obligations - Provision of exhibition and/or conference events.Revenue Recognition Accounting Policy - Performance obligations are satisfied at the point of time that the event is held with attendee revenue recognised when the event has taken place. In light of postponement for any reason the performance obligations and revenue recognition will align with the revised event dates.Timing of customer payments – Payments for events are normally received in advance of the event date or on the day of the event, and are held as deferred income until the event date. In light of postponement, payments may extend beyond 12 months before the revised event dates.Revenue Type – Sponsorship, Marketing & AdvertisingPerformance Obligations - Provision of advertising & marketing services and event sponsorship associated with exhibition and/or conference events.Revenue Recognition Accounting Policy - Performance obligations are satisfied at the point of time that services are provided to the customer with revenue recognised when the event has taken place. In light of postponement for any reason the performance obligations and revenue recognition will align with the revised event dates.Timing of customer payments – Payments for events are normally received in advance of the event date. Typically, 100% is received up to 12 months in advance of the event date and are held are deferred income until the event date. In light of postponement, payments may extend beyond 12 months before the revised event dates.Revenue Type – Credit Card Charges RecoveryPerformance Obligations – Recovery of credit card charges from overseas customers.Revenue Recognition Accounting Policy - Performance obligations are satisfied at the point of time that the customer re-imburses the credit card processing fee to us with revenue recognised at the date of receipt to match the credit card cost. Timing of customer payments – Payments for this facility are received on an ongoing / when required basis. |