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REGISTERED NUMBER: 06007961 (England and Wales)















Ashutosh Events Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






Ashutosh Events Limited (Registered number: 06007961)






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


Ashutosh Events Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr N.G. Shah





SECRETARY: Mrs C.N. Shah





REGISTERED OFFICE: 9 Manor Drive
Wembley
Middlesex
HA9 8EB





REGISTERED NUMBER: 06007961 (England and Wales)

Ashutosh Events Limited (Registered number: 06007961)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,028 114,635

CURRENT ASSETS
Stocks 4,775 4,350
Debtors 5 5,000 5,000
Cash at bank and in hand 2,517 2,559
12,292 11,909
CREDITORS
Amounts falling due within one year 6 26,147 43,536
NET CURRENT LIABILITIES (13,855 ) (31,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,173

83,008

CREDITORS
Amounts falling due after more than one
year

7

901,190

851,602
NET LIABILITIES (813,017 ) (768,594 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (813,117 ) (768,694 )
SHAREHOLDERS' FUNDS (813,017 ) (768,594 )

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 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.

Ashutosh Events Limited (Registered number: 06007961)

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 director and authorised for issue on 27 November 2023 and were signed by:





Mr N.G. Shah - Director


Ashutosh Events Limited (Registered number: 06007961)

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

1. STATUTORY INFORMATION

Ashutosh 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.

These accounts have been prepared on a going concern basis on the grounds that the company will continue to receive support from the bankers, director and certain other creditors. The director is taking steps to improve the performance of the company so as to increase the turnover and profitability of the Company.

Turnover
Turnover represents the sales value of goods and services provided during the year, net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 16.67% per annum of net book value
Office Equipment - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Ashutosh Events Limited (Registered number: 06007961)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 69,323 190,058 259,381
Additions - 1,291 1,291
At 31 March 2023 69,323 191,349 260,672
DEPRECIATION
At 1 April 2022 21,292 123,454 144,746
Charge for year 3,466 10,432 13,898
At 31 March 2023 24,758 133,886 158,644
NET BOOK VALUE
At 31 March 2023 44,565 57,463 102,028
At 31 March 2022 48,031 66,604 114,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 5,000 5,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 1,800 1,800
Taxation and social security 1,428 740
Other creditors 22,919 40,996
26,147 43,536

Bank Loan see note 8.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 4,200 6,000
Other creditors 896,990 845,602
901,190 851,602

The above loan refers to Bounce Back Loan and is repayable over the term of 6 years and interest of 2.5% p.a. is charged.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the Balance sheet date the Company owed the director £511871 of which £505755 is included under long term liability and the balance under short term liability.