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Company Registration No. 11892158 (England and Wales)
Event Bars and Catering Ltd Unaudited accounts for the year ended 31 March 2023
Event Bars and Catering Ltd Unaudited accounts Contents
Page
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Event Bars and Catering Ltd Company Information for the year ended 31 March 2023
Director
Mehul Pravin Patel
Company Number
11892158 (England and Wales)
Registered Office
12 Earlesfield Close Sale M33 4UR
Accountants
Bee Motion Accounting Limited 136 Hall Street Stockport Greater Manchester SK1 4HE
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Event Bars and Catering Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,051 
32,555 
Current assets
Inventories
2,500 
2,000 
Debtors
25,436 
4,360 
Cash at bank and in hand
51,845 
1,818 
79,781 
8,178 
Creditors: amounts falling due within one year
(123,466)
(63,797)
Net current liabilities
(43,685)
(55,619)
Total assets less current liabilities
(6,634)
(23,064)
Creditors: amounts falling due after more than one year
(54,917)
(63,747)
Net liabilities
(61,551)
(86,811)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(61,651)
(86,911)
Shareholders' funds
(61,551)
(86,811)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 October 2023 and were signed on its behalf by
Mehul Pravin Patel Director Company Registration No. 11892158
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Event Bars and Catering Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Event Bars and Catering Ltd is a private company, limited by shares, registered in England and Wales, registration number 11892158. The registered office is 12 Earlesfield Close, Sale, M33 4UR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Presentation currency
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or services. a) Sale of goods Turnover from the sale of goods are recognised when significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company. b) Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
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Event Bars and Catering Ltd Notes to the Accounts for the year ended 31 March 2023
Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively. Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
The company has considerable financial resources together with contracts with a number of clients. The director believes that the company is well placed to manage its business risks successfully. After making enquiries, the director has reasonable expectations that the company has adequate resources to continue in operational existence for a period of at least twelve months and for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
38,005 
8,919 
1,079 
48,003 
Additions
13,740 
480 
463 
14,683 
At 31 March 2023
51,745 
9,399 
1,542 
62,686 
Depreciation
At 1 April 2022
8,707 
5,999 
742 
15,448 
Charge for the year
7,560 
2,251 
376 
10,187 
At 31 March 2023
16,267 
8,250 
1,118 
25,635 
Net book value
At 31 March 2023
35,478 
1,149 
424 
37,051 
At 31 March 2022
29,298 
2,920 
337 
32,555 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
2,500 
2,000 
2,500 
2,000 
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Event Bars and Catering Ltd Notes to the Accounts for the year ended 31 March 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,200 
- 
Accrued income and prepayments
24,236 
360 
Other debtors
- 
4,000 
25,436 
4,360 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,135 
4,029 
VAT
13,039 
- 
Trade creditors
26,129 
227 
Taxes and social security
439 
264 
Loans from directors
71,082 
59,277 
Accruals
8,642 
- 
123,466 
63,797 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
54,917 
59,223 
Accruals
- 
4,524 
54,917 
63,747 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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