Registered number
07154497
Events Digital Limited
Filleted Accounts
28 February 2023
Events Digital Limited
Registered number: 07154497
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 2,518 2,427
2,518 2,427
Current assets
Debtors 3 690 3,276
Cash at bank and in hand 395 1,195
1,085 4,471
Creditors: amounts falling due within one year 4 (3,065) (3,251)
Net current (liabilities)/assets (1,980) 1,220
Total assets less current liabilities 538 3,647
Net assets 538 3,647
Capital and reserves
Called up share capital 10 10
Profit and loss account 528 3,637
Shareholder's funds 538 3,647
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Daniel Ainsworth
Director
Approved by the board on 15 November 2023
Events Digital Limited
Notes to the Accounts
for the year ended 28 February 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2022 - 8,913 - 8,913
Additions - 872 - 872
Surplus on revaluation - - - -
Disposals - - - -
At 28 February 2023 - 9,785 - 9,785
Depreciation
At 1 March 2022 - 6,486 - 6,486
Charge for the year - 781 - 781
Surplus on revaluation - - - -
On disposals - - - -
At 28 February 2023 - 7,267 - 7,267
Net book value
At 28 February 2023 - 2,518 - 2,518
At 28 February 2022 - 2,427 - 2,427
3 Debtors 2023 2022
£ £
Trade debtors - -
Other debtors 690 -
690 -
Amounts due after more than one year included above - -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 886 886
Taxation and social security costs -
Other creditors 2,179 2,365
3,065 3,251
5 Related party transactions
There were no related party disclosures.
6 Controlling party
The ultimate controlling party is Mr D Ainsworth by virtue of his shareholding.
7 Other information
Events Digital Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o MTM 3rd Floor
82 King Street
Manchester
Greater Manchester
M2 4WQ
8 Employees
The average number of employees was : 1
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