43 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 6,000 2,050 600 2,650 3,350 3,950 113,288 113,288 113,288 xbrli:pure xbrli:shares iso4217:GBP 11566778 2022-04-01 2023-03-31 11566778 2023-03-31 11566778 2022-03-31 11566778 2022-03-31 11566778 core:NetGoodwill 2022-04-01 2023-03-31 11566778 bus:Director1 2022-04-01 2023-03-31 11566778 bus:Director2 2022-04-01 2023-03-31 11566778 core:NetGoodwill 2022-03-31 11566778 core:NetGoodwill 2023-03-31 11566778 core:LandBuildings core:ShortLeaseholdAssets 2022-03-31 11566778 core:FurnitureFittings 2022-03-31 11566778 core:MotorVehicles 2022-03-31 11566778 core:LandBuildings core:ShortLeaseholdAssets 2023-03-31 11566778 core:FurnitureFittings 2023-03-31 11566778 core:MotorVehicles 2023-03-31 11566778 core:LandBuildings core:ShortLeaseholdAssets 2022-04-01 2023-03-31 11566778 core:FurnitureFittings 2022-04-01 2023-03-31 11566778 core:MotorVehicles 2022-04-01 2023-03-31 11566778 core:AfterOneYear 2023-03-31 11566778 core:AfterOneYear 2022-03-31 11566778 core:WithinOneYear 2023-03-31 11566778 core:WithinOneYear 2022-03-31 11566778 core:ShareCapital 2023-03-31 11566778 core:ShareCapital 2022-03-31 11566778 core:RetainedEarningsAccumulatedLosses 2023-03-31 11566778 core:RetainedEarningsAccumulatedLosses 2022-03-31 11566778 core:NetGoodwill 2022-03-31 11566778 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 11566778 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 11566778 core:Non-currentFinancialInstruments 2023-03-31 11566778 core:LandBuildings core:ShortLeaseholdAssets 2022-03-31 11566778 core:FurnitureFittings 2022-03-31 11566778 core:MotorVehicles 2022-03-31 11566778 bus:SmallEntities 2022-04-01 2023-03-31 11566778 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11566778 bus:FullAccounts 2022-04-01 2023-03-31 11566778 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11566778 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 11566778
KDR Events Limited
Filleted Unaudited Financial Statements
31 March 2023
KDR Events Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
3,350
3,950
Tangible assets
6
321,661
237,198
Investments
7
113,288
---------
---------
438,299
241,148
Current assets
Stocks
16,533
32,161
Debtors
8
41,527
40,281
Cash at bank and in hand
240,762
450,040
---------
---------
298,822
522,482
Creditors: amounts falling due within one year
9
390,469
572,956
---------
---------
Net current liabilities
91,647
50,474
---------
---------
Total assets less current liabilities
346,652
190,674
Creditors: amounts falling due after more than one year
10
183,778
62,021
---------
---------
Net assets
162,874
128,653
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
162,774
128,553
---------
---------
Shareholders funds
162,874
128,653
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KDR Events Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 11 October 2023 , and are signed on behalf of the board by:
Mr C D D'Alessio
Miss S C Keeping
Director
Director
Company registration number: 11566778
KDR Events Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 222 Kettering Road, Northampton, Northamptonshire, NN1 4BN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 43 (2022: Nil).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
6,000
-------
Amortisation
At 1 April 2022
2,050
Charge for the year
600
-------
At 31 March 2023
2,650
-------
Carrying amount
At 31 March 2023
3,350
-------
At 31 March 2022
3,950
-------
6. Tangible assets
Short leasehold property
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2022
242,872
167,157
1,900
411,929
Additions
17,860
135,495
153,355
---------
---------
---------
---------
At 31 March 2023
242,872
185,017
137,395
565,284
---------
---------
---------
---------
Depreciation
At 1 April 2022
82,364
91,021
1,346
174,731
Charge for the year
24,287
36,834
7,771
68,892
---------
---------
---------
---------
At 31 March 2023
106,651
127,855
9,117
243,623
---------
---------
---------
---------
Carrying amount
At 31 March 2023
136,221
57,162
128,278
321,661
---------
---------
---------
---------
At 31 March 2022
160,508
76,136
554
237,198
---------
---------
---------
---------
7. Investments
Other loans
£
Cost
At 1 April 2022
Additions
113,288
---------
At 31 March 2023
113,288
---------
Impairment
At 1 April 2022 and 31 March 2023
---------
Carrying amount
At 31 March 2023
113,288
---------
At 31 March 2022
---------
8. Debtors
2023
2022
£
£
Trade debtors
12,396
Other debtors
29,131
40,281
--------
--------
41,527
40,281
--------
--------
9. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
50,395
40,170
Corporation tax
8,210
45,061
Social security and other taxes
7,504
10,956
Other creditors
324,360
476,769
---------
---------
390,469
572,956
---------
---------
10. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
31,146
42,094
Social security and other taxes
39,236
19,854
Other creditors
113,396
73
---------
--------
183,778
62,021
---------
--------
11. Directors' advances, credits and guarantees