Silverfin false 30/04/2023 01/05/2022 30/04/2023 C J Ellis 01/08/2020 J W Husband 11/11/2022 15/01/2021 B M Julius 17/01/2020 G Julius 17/01/2020 J J Ludlow 15/01/2021 07 November 2023 The principal activity of the Company during the financial year was that of events management. 12410330 2023-04-30 12410330 bus:Director1 2023-04-30 12410330 bus:Director2 2023-04-30 12410330 bus:Director3 2023-04-30 12410330 bus:Director4 2023-04-30 12410330 bus:Director5 2023-04-30 12410330 2022-04-30 12410330 core:CurrentFinancialInstruments 2023-04-30 12410330 core:CurrentFinancialInstruments 2022-04-30 12410330 core:Non-currentFinancialInstruments 2023-04-30 12410330 core:Non-currentFinancialInstruments 2022-04-30 12410330 core:ShareCapital 2023-04-30 12410330 core:ShareCapital 2022-04-30 12410330 core:RetainedEarningsAccumulatedLosses 2023-04-30 12410330 core:RetainedEarningsAccumulatedLosses 2022-04-30 12410330 core:OtherResidualIntangibleAssets 2022-04-30 12410330 core:OtherResidualIntangibleAssets 2023-04-30 12410330 core:LandBuildings 2022-04-30 12410330 core:PlantMachinery 2022-04-30 12410330 core:OfficeEquipment 2022-04-30 12410330 core:LandBuildings 2023-04-30 12410330 core:PlantMachinery 2023-04-30 12410330 core:OfficeEquipment 2023-04-30 12410330 core:CurrentFinancialInstruments 10 2023-04-30 12410330 core:CurrentFinancialInstruments 10 2022-04-30 12410330 core:WithinOneYear 2023-04-30 12410330 core:WithinOneYear 2022-04-30 12410330 core:BetweenOneFiveYears 2023-04-30 12410330 core:BetweenOneFiveYears 2022-04-30 12410330 2022-05-01 2023-04-30 12410330 bus:FullAccounts 2022-05-01 2023-04-30 12410330 bus:SmallEntities 2022-05-01 2023-04-30 12410330 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 12410330 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 12410330 bus:Director1 2022-05-01 2023-04-30 12410330 bus:Director2 2022-05-01 2023-04-30 12410330 bus:Director3 2022-05-01 2023-04-30 12410330 bus:Director4 2022-05-01 2023-04-30 12410330 bus:Director5 2022-05-01 2023-04-30 12410330 core:OtherResidualIntangibleAssets core:TopRangeValue 2022-05-01 2023-04-30 12410330 core:LandBuildings core:TopRangeValue 2022-05-01 2023-04-30 12410330 core:PlantMachinery core:TopRangeValue 2022-05-01 2023-04-30 12410330 core:OfficeEquipment core:TopRangeValue 2022-05-01 2023-04-30 12410330 2021-05-01 2022-04-30 12410330 core:OtherResidualIntangibleAssets 2022-05-01 2023-04-30 12410330 core:LandBuildings 2022-05-01 2023-04-30 12410330 core:PlantMachinery 2022-05-01 2023-04-30 12410330 core:OfficeEquipment 2022-05-01 2023-04-30 12410330 core:CurrentFinancialInstruments 2022-05-01 2023-04-30 12410330 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 12410330 (England and Wales)

ONYX EVENTS LTD

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

ONYX EVENTS LTD

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

ONYX EVENTS LTD

BALANCE SHEET

As at 30 April 2023
ONYX EVENTS LTD

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 212 493
Tangible assets 4 42,768 20,293
42,980 20,786
Current assets
Stocks 5 47,394 63,555
Debtors 6 202,157 92,077
Cash at bank and in hand 12,160 81,247
261,711 236,879
Creditors: amounts falling due within one year 7 ( 353,250) ( 275,669)
Net current liabilities (91,539) (38,790)
Total assets less current liabilities (48,559) (18,004)
Creditors: amounts falling due after more than one year 8 ( 4,768) 0
Net liabilities ( 53,327) ( 18,004)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 53,427 ) ( 18,104 )
Total shareholders' deficit ( 53,327) ( 18,004)

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Onyx Events Ltd (registered number: 12410330) were approved and authorised for issue by the Board of Directors on 07 November 2023. They were signed on its behalf by:

G Julius
Director
ONYX EVENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
ONYX EVENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Onyx Events Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 5 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.

Work in progress is calculated on a mix of both direct costs and an appropriate proportion of salaries relating to work in progress at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Dividends

The directors acknowledge dividends were declared and paid in contravention of section 830 of the Companies Act 2006, however at the time that the dividend was paid the directors were not aware that there were insufficient profits available for distribution. The directors acknowledge that no further distributions can be made until there are sufficient profits available for that purpose.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 14 6

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 May 2022 840 840
At 30 April 2023 840 840
Accumulated amortisation
At 01 May 2022 347 347
Charge for the financial year 281 281
At 30 April 2023 628 628
Net book value
At 30 April 2023 212 212
At 30 April 2022 493 493

4. Tangible assets

Land and buildings Plant and machinery Office equipment Total
£ £ £ £
Cost
At 01 May 2022 13,516 7,847 1,809 23,172
Additions 6,982 22,241 631 29,854
At 30 April 2023 20,498 30,088 2,440 53,026
Accumulated depreciation
At 01 May 2022 1,351 1,099 429 2,879
Charge for the financial year 1,731 5,090 558 7,379
At 30 April 2023 3,082 6,189 987 10,258
Net book value
At 30 April 2023 17,416 23,899 1,453 42,768
At 30 April 2022 12,165 6,748 1,380 20,293

5. Stocks

2023 2022
£ £
Stocks 3,686 0
Work in progress 43,708 63,555
47,394 63,555

6. Debtors

2023 2022
£ £
Trade debtors 127,270 0
Amounts owed by Group undertakings 36,418 41,192
Other taxation and social security 213 0
Other debtors 38,256 50,885
202,157 92,077

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 76,341 125,702
Amounts owed to Group undertakings 28,853 0
Accruals and deferred income 193,754 131,708
Other taxation and social security 48,044 17,974
Obligations under finance leases and hire purchase contracts 2,200 0
Other creditors 4,058 285
353,250 275,669

The hire purchase contract is secured by the asset to which it relates to.

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Obligations under finance leases and hire purchase contracts 4,768 0

The hire purchase contract is secured by the asset to which it relates to.

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 81,500 0
between one and five years 244,500 0
326,000 0

The above commitment relates to amounts due in respect of rental agreements up to the date of any break clauses.

10. Ultimate controlling party

Parent Company:

Creating the Magic Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW