Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-01falseNo description of principal activity33true 04764580 2022-06-01 2023-05-31 04764580 2021-06-01 2022-05-31 04764580 2023-05-31 04764580 2022-05-31 04764580 c:Director1 2022-06-01 2023-05-31 04764580 d:PlantMachinery 2022-06-01 2023-05-31 04764580 d:PlantMachinery 2023-05-31 04764580 d:PlantMachinery 2022-05-31 04764580 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 04764580 d:MotorVehicles 2022-06-01 2023-05-31 04764580 d:FreeholdInvestmentProperty 2022-06-01 2023-05-31 04764580 d:FreeholdInvestmentProperty 2023-05-31 04764580 d:FreeholdInvestmentProperty 2022-05-31 04764580 d:FreeholdInvestmentProperty 2 2022-06-01 2023-05-31 04764580 d:CurrentFinancialInstruments 2023-05-31 04764580 d:CurrentFinancialInstruments 2022-05-31 04764580 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04764580 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 04764580 d:ShareCapital 2023-05-31 04764580 d:ShareCapital 2022-05-31 04764580 d:RetainedEarningsAccumulatedLosses 2023-05-31 04764580 d:RetainedEarningsAccumulatedLosses 2022-05-31 04764580 c:FRS102 2022-06-01 2023-05-31 04764580 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 04764580 c:FullAccounts 2022-06-01 2023-05-31 04764580 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 04764580









IAN WILSON EVENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
IAN WILSON EVENTS LIMITED
REGISTERED NUMBER: 04764580

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
46,625
35,432

Investment property
 5 
332,000
437,000

  
378,625
472,432

Current assets
  

Debtors: amounts falling due within one year
 6 
636,745
611,354

Cash at bank and in hand
  
256,471
138,107

  
893,216
749,461

Creditors: amounts falling due within one year
 7 
(59,951)
(101,420)

Net current assets
  
 
 
833,265
 
 
648,041

Total assets less current liabilities
  
1,211,890
1,120,473

Provisions for liabilities
  

Deferred tax
  
(17,155)
(9,826)

  
 
 
(17,155)
 
 
(9,826)

Net assets
  
1,194,735
1,110,647


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,194,733
1,110,645

  
1,194,735
1,110,647


Page 1

 
IAN WILSON EVENTS LIMITED
REGISTERED NUMBER: 04764580
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2024.

I C Wilson
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
IAN WILSON EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Ian Wilson Events Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London NW3 5JS and its principal place of business is 20 Penton Place, Alberta Estate, London SE17 3JT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on the basis that the company will continue to be a going concern for the foreseeable future.

 
2.3

Currency

The company's functional and presentational currency is GBP.

 
2.4

Revenue

This comprises the supply of event logistics and support services, excluding discounts and value added tax. Income is recognised once the service to the customer has been delivered.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
IAN WILSON EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the United Kingdom.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and  
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
per annum on the reducing balance
Motor vehicles
-
25%
per annum on the reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.10

Debtors

Short term debtors are measured at transaction price, less any impairment. 

Page 4

 
IAN WILSON EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.11

Cash at bank and in hand

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.12

Creditors

Short term creditors are measured at the transaction price. 

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the statement of comprehensive income in the year that the company becomes aware of the obligation, and are measured at the best estimate at the statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the statement of financial position.

 
2.14

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.
Financial assets that are measured at cost and amortised 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 recognised in the Statement of Comprehensive Income.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

 
IAN WILSON EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 June 2022
165,202


Additions
26,893


Disposals
(42,128)



At 31 May 2023

149,967



Depreciation


At 1 June 2022
129,770


Charge for the year on owned assets
9,167


Disposals
(35,595)



At 31 May 2023

103,342



Net book value



At 31 May 2023
46,625



At 31 May 2022
35,432

Page 6

 
IAN WILSON EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Investment properties


Freehold investment properties

£



Valuation


At 1 June 2022
437,000


Disposals
(110,000)


Surplus on revaluation
5,000



At 31 May 2023
332,000

If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured at historical cost of £258,942 (2021: £361,683).

The 2023 valuations were made by directors, on an open market value for existing use basis.




Page 7

 
IAN WILSON EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
44,709
52,226

Other debtors
514,467
504,190

Prepayments and accrued income
77,569
54,938

636,745
611,354



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
14,107
16,193

Corporation tax
34,592
548

Other taxation and social security
3,201
7,860

Other creditors
3,751
7,629

Accruals and deferred income
4,300
69,190

59,951
101,420



8.


Related party transactions

At the balance sheet date the following amounts were owed by companies related by virtue of common ownership. The debts are repayable upon demand and are unsecured and interest free.
Houswell Limited   £86,554   (2022: £86,554)
Storwell Limited     £391,575   (2022: £391,735)

 
Page 8