Registered number
06588300
Jazzbomb Events Limited
Filleted Accounts
31 March 2023
Jazzbomb Events Limited
Registered number: 06588300
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 484 2,082
Current assets
Debtors 5 1,750 2,003
Cash at bank and in hand 13,612 7,631
15,362 9,634
Creditors: amounts falling due within one year 6 (14,737) (10,307)
Net current assets/(liabilities) 625 (673)
Net assets 1,109 1,409
Capital and reserves
Called up share capital 4 4
Profit and loss account 1,105 1,405
Shareholders' funds 1,109 1,409
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Samuel Chaplin
Director
Approved by the board on 14 November 2023
Jazzbomb Events Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 33% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Other Operating Income 2023 2022
£ £
Government Job Retention Support Scheme - 2,301
- 2,301
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
4 Tangible fixed assets
Equipment
£
Cost
At 1 April 2022 11,082
At 31 March 2023 11,082
Depreciation
At 1 April 2022 9,000
Charge for the year 1,598
At 31 March 2023 10,598
Net book value
At 31 March 2023 484
At 31 March 2022 2,082
5 Debtors 2023 2022
£ £
Trade debtors 1,750 2,003
6 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 7,107 5,816
Taxation and social security costs 3,147 -
Director's account 3,367 3,385
Other creditors 1,116 1,106
14,737 10,307
7 Related party transactions
Samuel Chaplin, director, received a salary from the company of £9,096 (2022: £8,840). The company paid him dividends of £27,000 (2022: £14,000). At the end of the year the company owed him £3,367 (2022: £3,384 ).
Rachel Chaplin, shareholder, the company paid her dividends of £2,000 (2022: £2,000).
8 Controlling party
There is no controlling party.
9 Other information
Jazzbomb Events Limited is a private company limited by shares and incorporated in England. Its registered office is:
Grove Garden House
54A Port Vale
Hertford
SG14 3AB
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