Caseware UK (AP4) 2022.0.179 2022.0.179 falsetrue4event catering servicesThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-02-11 13900691 2022-02-10 13900691 2022-02-11 2023-02-28 13900691 2021-03-29 2022-02-10 13900691 2023-02-28 13900691 c:Director1 2022-02-11 2023-02-28 13900691 d:PlantMachinery 2022-02-11 2023-02-28 13900691 d:PlantMachinery 2023-02-28 13900691 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-02-11 2023-02-28 13900691 d:MotorVehicles 2022-02-11 2023-02-28 13900691 d:MotorVehicles 2023-02-28 13900691 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-11 2023-02-28 13900691 d:OwnedOrFreeholdAssets 2022-02-11 2023-02-28 13900691 d:CurrentFinancialInstruments 2023-02-28 13900691 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13900691 d:ShareCapital 2023-02-28 13900691 d:RetainedEarningsAccumulatedLosses 2023-02-28 13900691 c:FRS102 2022-02-11 2023-02-28 13900691 c:AuditExempt-NoAccountantsReport 2022-02-11 2023-02-28 13900691 c:FullAccounts 2022-02-11 2023-02-28 13900691 c:PrivateLimitedCompanyLtd 2022-02-11 2023-02-28 iso4217:GBP xbrli:pure
Registered number: 13900691





 
DNG Events Ltd          
 
Financial statements          

For the period ended 28 February 2023          

 
DNG Events Ltd
Registered number:13900691

Balance sheet
As at 28 February 2023


2023
                                                                                                                                        Note
£
£

Fixed assets
  

Tangible assets
 4 
64,064

Current assets
  

Stock
  
500

Cash at bank and in hand
 5 
17

  
517

Creditors: amounts falling due within one year
 6 
(114,276)

Net current liabilities
  
 
 
(113,759)

  

Net liabilities
  
(49,695)


Capital and reserves
  

Called up share capital 
  
4

Profit and loss account
  
(49,699)

  
(49,695)


The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 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.

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 8 June 2023.






C Sneap
Director


The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
DNG Events Ltd
 
 
Notes to the financial statements
For the period ended 28 February 2023

1.


General information

DNG Events Ltd is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex, SS11 7HQ. 
The company was incorporated on 8 February 2022 and commenced to trade on that date.

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.

 
2.3

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.

Page 2

 
DNG Events Ltd
 
 
Notes to the financial statements
For the period ended 28 February 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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 at the following rates:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
20%
reducing balance

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.

 
2.4

Stock

Stock is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 

At each balance sheet date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

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.

 
2.6

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 4.

Page 3

 
DNG Events Ltd
 
 
Notes to the financial statements
For the period ended 28 February 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost 


Additions
68,080
12,000
80,080



At 28 February 2023

68,080
12,000
80,080



Depreciation


Charge for the period
13,616
2,400
16,016



At 28 February 2023

13,616
2,400
16,016



Net book value



At 28 February 2023
54,464
9,600
64,064


5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
17



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
9,890

Other creditors
102,586

Accruals and deferred income
1,800

114,276


Page 4

 
DNG Events Ltd
 
 
Notes to the financial statements
For the period ended 28 February 2023

7.


Going concern

The financial statements disclose net current liabilities of £113,759 and net liabilities of £49,695. Therefore, the
company is reliant upon the continued support of its creditors, which consist mainly of the loan from the directors and a loan from an associated company. The directors have chosen to prepare the accounts on a going concern basis having regard to the fact that the support of both the directors and the associated company will continue for the foreseeable future.


8.


Related party transactions

At the balance sheet date, the company owed £25,103 to Tempfencing 24/7 Ltd, an associated company by virtue of having common directors. No interest was charged on this amount. 

 
Page 5