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REGISTERED NUMBER: 07590925 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Canvas Events Limited

Canvas Events Limited (Registered number: 07590925)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Canvas Events Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A A F Iredale
S Michel





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 07590925 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Canvas Events Limited (Registered number: 07590925)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 161,407
Tangible assets 5 6,198 5,691
6,198 167,098

CURRENT ASSETS
Debtors 6 33,174 11,290
Cash at bank 42,622 24,361
75,796 35,651
CREDITORS
Amounts falling due within one year 7 126,504 144,857
NET CURRENT LIABILITIES (50,708 ) (109,206 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,510

)

57,892

CREDITORS
Amounts falling due after more than one year 8 34,912 45,000
NET (LIABILITIES)/ASSETS (79,422 ) 12,892

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (79,423 ) 12,891
SHAREHOLDERS' FUNDS (79,422 ) 12,892

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

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

The directors acknowledge their 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.

Canvas Events Limited (Registered number: 07590925)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





A A F Iredale - Director


Canvas Events Limited (Registered number: 07590925)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Canvas 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.

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.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 or 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

Canvas Events Limited (Registered number: 07590925)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 368,294
AMORTISATION
At 1 April 2022 206,887
Charge for year 161,407
At 31 March 2023 368,294
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 161,407

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 8,218 1,542 9,760
Additions 1,600 - 1,600
At 31 March 2023 9,818 1,542 11,360
DEPRECIATION
At 1 April 2022 2,527 1,542 4,069
Charge for year 1,093 - 1,093
At 31 March 2023 3,620 1,542 5,162
NET BOOK VALUE
At 31 March 2023 6,198 - 6,198
At 31 March 2022 5,691 - 5,691

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 33,174 7,924
Other debtors - 3,366
33,174 11,290

Canvas Events Limited (Registered number: 07590925)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 583 4,787
Loans 93,961 103,754
Tax 9,068 -
Social security and other taxes 6,027 10,760
VAT 15,865 17,442
Directors' loan accounts - 7,114
Accrued expenses 1,000 1,000
126,504 144,857

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 34,912 45,000

9. RELATED PARTY DISCLOSURES

The company is controlled by the company director.

As at the balance sheet date, the company had a loan from The Location Collective Ltd of £93,961 (2022: £103,754). This company is controlled by the director Mr Antony Iredale.