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REGISTERED NUMBER: 09810371 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

WELFORD EVENTS LIMITED

WELFORD EVENTS LIMITED (REGISTERED NUMBER: 09810371)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WELFORD EVENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: J H L Puxley
Mrs D A Puxley



REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



REGISTERED NUMBER: 09810371 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: Lloyds TSB Bank Plc
3-5 Bridge Street
Newbury
RG14 5BQ

WELFORD EVENTS LIMITED (REGISTERED NUMBER: 09810371)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,408 141,998

CURRENT ASSETS
Debtors 5 27,207 3,500
Cash at bank 167,673 64,139
194,880 67,639
CREDITORS
Amounts falling due within one year 6 276,740 237,639
NET CURRENT LIABILITIES (81,860 ) (170,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,548

(28,002

)

PROVISIONS FOR LIABILITIES 4,308 2,876
NET ASSETS/(LIABILITIES) 45,240 (30,878 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,140 (30,978 )
SHAREHOLDERS' FUNDS 45,240 (30,878 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

WELFORD EVENTS LIMITED (REGISTERED NUMBER: 09810371)

BALANCE SHEET - continued
31ST 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 8th November 2023 and were signed on its behalf by:





J H L Puxley - Director


WELFORD EVENTS LIMITED (REGISTERED NUMBER: 09810371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Welford 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

WELFORD EVENTS LIMITED (REGISTERED NUMBER: 09810371)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st April 2022 150,860 13,900 9,551 174,311
Additions - - 4,000 4,000
At 31st March 2023 150,860 13,900 13,551 178,311
DEPRECIATION
At 1st April 2022 23,998 2,895 5,420 32,313
Charge for year 12,686 611 1,293 14,590
At 31st March 2023 36,684 3,506 6,713 46,903
NET BOOK VALUE
At 31st March 2023 114,176 10,394 6,838 131,408
At 31st March 2022 126,862 11,005 4,131 141,998

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,787 -
Other debtors 5,420 3,500
27,207 3,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,598 22,276
Taxation and social security 41,040 2,397
Other creditors 223,102 212,966
276,740 237,639