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REGISTERED NUMBER: 03190002 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

DATAFLOW EVENTS LTD

DATAFLOW EVENTS LTD (REGISTERED NUMBER: 03190002)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DATAFLOW EVENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Mr J H Denham Director





SECRETARY: Mrs J S A Denham





REGISTERED OFFICE: Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 03190002 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

DATAFLOW EVENTS LTD (REGISTERED NUMBER: 03190002)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,252 4,484
Investments 6 - 10,524
7,252 15,008

CURRENT ASSETS
Debtors 7 48,030 77,310
Prepayments and accrued income 9,088 11,480
Cash at bank 449,837 379,086
506,955 467,876
CREDITORS
Amounts falling due within one year 8 103,366 207,262
NET CURRENT ASSETS 403,589 260,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,841

275,622

CREDITORS
Amounts falling due after more than one
year

9

-

(43,000

)

PROVISIONS FOR LIABILITIES 10 (1,922 ) (729 )
NET ASSETS 408,919 231,893

CAPITAL AND RESERVES
Called up share capital 30,016 30,016
Share premium 525 525
Retained earnings 378,378 201,352
SHAREHOLDERS' FUNDS 408,919 231,893

DATAFLOW EVENTS LTD (REGISTERED NUMBER: 03190002)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 February 2024 and were signed by:





Mr J H Denham Director - Director


DATAFLOW EVENTS LTD (REGISTERED NUMBER: 03190002)

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


1. STATUTORY INFORMATION

Dataflow Events Ltd 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
In preparing the financial statements, the directors are required to make estimates and judgements about the carrying amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on historical experience and other factors that are considered by the directors to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.

FIXED ASSETS INVESTMENTS
Investments in subsidiaries and other entities are held at cost or cost less the decrease in value where this is appropriate.

TURNOVER
Turnover represents the value, net of value added tax and discounts, of services provided to customers. Turnover is recognised when the event takes place.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised evenly over its estimated useful life of five years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

DATAFLOW EVENTS LTD (REGISTERED NUMBER: 03190002)

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


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Financial assets that are measured at cost and amortized cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in profit or loss.

For financial assets measured at amortized cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

RESEARCH AND DEVELOPMENT
Research and development expenditure is written off in the profit and loss account in the year to which the expenditure relates. The tax relief on research and development expenditure will be recognised in the financial statements in the year it has been approved by HMRC.

FOREIGN CURRENCIES
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

DATAFLOW EVENTS LTD (REGISTERED NUMBER: 03190002)

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


2. ACCOUNTING POLICIES - continued

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss accounts as they become payable in accordance with rules of the scheme.

DIVIDENDS
Equity dividends are recognized when they become legally payable. Interim equity dividends are recognized when paid. Final equity dividends are recognized when approved by the shareholders at an annual general meeting. Dividends on shares recognized as liabilities are recognized as expenses and classified within interest payable.

DEBTORS
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

CREDITORS
Short term creditors are measured at the transaction price. Loans from the director shareholders who are natural persons are also measured at transaction price irrespective of duration. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 September 2022 568,489
Disposals (568,489 )
At 31 August 2023 -
Amortisation
At 1 September 2022 568,489
Eliminated on disposal (568,489 )
At 31 August 2023 -
Net book value
At 31 August 2023 -
At 31 August 2022 -

DATAFLOW EVENTS LTD (REGISTERED NUMBER: 03190002)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
Cost
At 1 September 2022 24,794
Additions 4,652
At 31 August 2023 29,446
Depreciation
At 1 September 2022 20,310
Charge for year 1,884
At 31 August 2023 22,194
Net book value
At 31 August 2023 7,252
At 31 August 2022 4,484

6. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Investment in group companies - 100
Investment - The Vantage Point
Group LLP - 10,424
- 10,524

Additional information is as follows:
Shares in
group
undertaking
£   
Cost
At 1 September 2022 359,918
Disposals (100 )
At 31 August 2023 359,818
Provisions
At 1 September 2022
and 31 August 2023 359,818
Net book value
At 31 August 2023 -
At 31 August 2022 100

Investments (neither listed nor unlisted) were as follows:
2023 2022

DATAFLOW EVENTS LTD (REGISTERED NUMBER: 03190002)

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


6. FIXED ASSET INVESTMENTS - continued
£    £   
Investment - The Vantage
Point Group LLP - 10,424

Travel Impact Limited was acquired on 1 October 2008 and is a dormant company during the reporting year. The investment is being written down at the rate of 10% per annum which represents its decrease in value.

Vantage Point Limited was incorporated on 9 February 2009 and is a dormant company.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 47,760 77,310
Other debtors 270 -
48,030 77,310

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (1,917 ) 23,107
Taxation and social security 54,995 51,905
Other creditors 50,288 132,250
103,366 207,262

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings - 43,000

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,922 729

Deferred
tax
£   
Balance at 1 September 2022 729
Provided during year 1,193
Balance at 31 August 2023 1,922

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J H Denham.