Company registration number 09140787 (England and Wales)
SUCCESSFUL EVENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
SUCCESSFUL EVENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SUCCESSFUL EVENTS LIMITED
BALANCE SHEET
AS AT
30 MARCH 2023
30 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
232
352
Current assets
Debtors
4
51,542
20,784
Cash at bank and in hand
70,138
50,430
121,680
71,214
Creditors: amounts falling due within one year
5
(35,520)
(13,129)
Net current assets
86,160
58,085
Total assets less current liabilities
86,392
58,437
Provisions for liabilities
(44)
(67)
Net assets
86,348
58,370
Capital and reserves
Called up share capital
6
30
30
Profit and loss reserves
86,318
58,340
Total equity
86,348
58,370

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 11 October 2023
Mr J Manford
Director
Company Registration No. 09140787
SUCCESSFUL EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023
- 2 -
1
Accounting policies
Company information

Successful Events Limited is a private company limited by shares incorporated in England and Wales. The registered office is 15 Suite 6, Regent House, Hawthorn Road, Leeds, West Yorkshire, LS7 4PH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% straight line
Computers
33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

SUCCESSFUL EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
4
3
SUCCESSFUL EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2023
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 31 March 2022 and 30 March 2023
2,414
Depreciation and impairment
At 31 March 2022
2,061
Depreciation charged in the year
121
At 30 March 2023
2,182
Carrying amount
At 30 March 2023
232
At 30 March 2022
352
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
51,108
20,350
Other debtors
434
434
51,542
20,784
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
28,727
12,367
Other creditors
6,793
762
35,520
13,129
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
30 Ordinary Shares of £1 each
30
30
2023-03-302022-03-31false11 October 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr J Manford091407872022-03-312023-03-30091407872023-03-30091407872022-03-3009140787core:OtherPropertyPlantEquipment2023-03-3009140787core:OtherPropertyPlantEquipment2022-03-3009140787core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3009140787core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3009140787core:CurrentFinancialInstruments2023-03-3009140787core:CurrentFinancialInstruments2022-03-3009140787core:ShareCapital2023-03-3009140787core:ShareCapital2022-03-3009140787core:RetainedEarningsAccumulatedLosses2023-03-3009140787core:RetainedEarningsAccumulatedLosses2022-03-3009140787bus:Director12022-03-312023-03-3009140787core:FurnitureFittings2022-03-312023-03-3009140787core:ComputerEquipment2022-03-312023-03-30091407872021-03-312022-03-3009140787core:OtherPropertyPlantEquipment2022-03-3009140787core:OtherPropertyPlantEquipment2022-03-312023-03-3009140787core:WithinOneYear2023-03-3009140787core:WithinOneYear2022-03-3009140787bus:PrivateLimitedCompanyLtd2022-03-312023-03-3009140787bus:SmallCompaniesRegimeForAccounts2022-03-312023-03-3009140787bus:FRS1022022-03-312023-03-3009140787bus:AuditExemptWithAccountantsReport2022-03-312023-03-3009140787bus:FullAccounts2022-03-312023-03-30xbrli:purexbrli:sharesiso4217:GBP