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REGISTERED NUMBER: 09063705 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

SHORE EVENTS LIMITED

SHORE EVENTS LIMITED (REGISTERED NUMBER: 09063705)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHORE EVENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: C M Lind





REGISTERED OFFICE: Units 7-11 Lady Bee Studios
9 Riverside
Southwick
West Sussex
BN42 4BY





REGISTERED NUMBER: 09063705 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

SHORE EVENTS LIMITED (REGISTERED NUMBER: 09063705)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 115,241 16,653
Investments 5 48,877 46,923
164,118 63,576

CURRENT ASSETS
Debtors 6 1,659,321 1,286,618
Cash at bank 853,999 336,633
2,513,320 1,623,251
CREDITORS
Amounts falling due within one year 7 (1,792,557 ) (1,159,214 )
NET CURRENT ASSETS 720,763 464,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

884,881

527,613

PROVISIONS FOR LIABILITIES 8 (29,000 ) (3,164 )
NET ASSETS 855,881 524,449

CAPITAL AND RESERVES
Called up share capital 111 100
Retained earnings 855,770 524,349
855,881 524,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





C M Lind - Director


SHORE EVENTS LIMITED (REGISTERED NUMBER: 09063705)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Shore Events Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Where income is received for events & management services in advance of an event taking place, this is deferred and recognised in the period the event takes place.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SHORE EVENTS LIMITED (REGISTERED NUMBER: 09063705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments held as fixed assets are recognised initially at transaction price and subsequently measured at fair value at each reporting date with changes in fair value recognised in the income and expenditure account.

3. EMPLOYEES

The average number of employees during the year was 9 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 - 2,036 - 33,406 35,442
Additions 1,530 19,738 73,605 20,182 115,055
Disposals - (1,431 ) - (6,304 ) (7,735 )
At 31 May 2023 1,530 20,343 73,605 47,284 142,762
DEPRECIATION
At 1 June 2022 - 1,028 - 17,761 18,789
Charge for year 82 767 6,134 5,842 12,825
Eliminated on disposal - (525 ) - (3,568 ) (4,093 )
At 31 May 2023 82 1,270 6,134 20,035 27,521
NET BOOK VALUE
At 31 May 2023 1,448 19,073 67,471 27,249 115,241
At 31 May 2022 - 1,008 - 15,645 16,653

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2022 46,923
Revaluations 1,954
At 31 May 2023 48,877
NET BOOK VALUE
At 31 May 2023 48,877
At 31 May 2022 46,923

SHORE EVENTS LIMITED (REGISTERED NUMBER: 09063705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2023 is represented by:

Other
investments
£   
Valuation in 2022 (3,077 )
Valuation in 2023 1,954
Cost 50,000
48,877

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 504,869 539,349
Other debtors 1,035,182 671,448
Prepayments and accrued income 119,270 75,821
1,659,321 1,286,618

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 67,036 -
Trade creditors 407,918 180,365
Tax 89,134 79,287
Social security and other taxes 5,597 3,774
VAT 4,818 8,160
Other creditors 15,567 13,781
Directors' current accounts 9,779 109
Accruals and deferred income 1,192,708 873,738
1,792,557 1,159,214

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 29,000 3,164

Deferred
tax
£   
Balance at 1 June 2022 3,164
Provided during year 25,836
Accelerated Capital Allowances
Balance at 31 May 2023 29,000