2022-05-012023-04-302023-04-30false11325678CREATIVE EVENT SPACES 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CREATIVE EVENT SPACES LIMITED

Registered Number
11325678
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2023

CREATIVE EVENT SPACES LIMITED
Company Information
for the year from 1 May 2022 to 30 April 2023

Directors

CLIFTON, Simon David
SUTOR, Simon James

Registered Address

Unit 1 Arley Industrial Park Colliers Way
Old Arley
Coventry
CV7 8HN

Registered Number

11325678 (England and Wales)
CREATIVE EVENT SPACES LIMITED
Statement of Financial Position
30 April 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5201,09722,593
201,09722,593
Current assets
Debtors795,967322,343
Cash at bank and on hand18,02336,290
113,990358,633
Creditors amounts falling due within one year8(93,042)(270,642)
Net current assets (liabilities)20,94887,991
Total assets less current liabilities222,045110,584
Creditors amounts falling due after one year9(175,186)(41,489)
Provisions for liabilities11(44,851)(6,271)
Net assets2,00862,824
Capital and reserves
Called up share capital100100
Profit and loss account1,90862,724
Shareholders' funds2,00862,824
The financial statements were approved and authorised for issue by the Board of Directors on 9 November 2023, and are signed on its behalf by:
CLIFTON, Simon David
Director
Registered Company No. 11325678
CREATIVE EVENT SPACES LIMITED
Notes to the Financial Statements
for the year ended 30 April 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings25-
Vehicles20-
Office Equipment-4
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year23
5.Property, plant and equipment

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 May 22-52,6922,22354,915
Additions182,58921,981-204,570
At 30 April 23182,58974,6732,223259,485
Depreciation and impairment
At 01 May 22-30,7901,53232,322
Charge for year14,82410,97127126,066
At 30 April 2314,82441,7611,80358,388
Net book value
At 30 April 23167,76532,912420201,097
At 30 April 22-21,90269122,593
6.Stocks
7.Debtors

2023

2022

££
Trade debtors / trade receivables48,094321,279
Other debtors47,8731,064
Total95,967322,343
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.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables43,74230,777
Bank borrowings and overdrafts-53,382
Taxation and social security46,150113,750
Other creditors-69,583
Accrued liabilities and deferred income3,1503,150
Total93,042270,642
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.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts53,41441,489
Other creditors121,772-
Total175,18641,489
10.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts121,772-
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)44,8516,271
Total44,8516,271