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Registration number: 11995240

SJE Event Productions Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 May 2023

 

SJE Event Productions Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 8

 

SJE Event Productions Limited

(Registration number: 11995240)
Abridged Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

124,378

47,427

Current assets

 

Debtors

134,648

16,488

Cash at bank and in hand

 

6,487

31,883

 

141,135

48,371

Prepayments and accrued income

 

4,835

6,336

Creditors: Amounts falling due within one year

(124,134)

(30,905)

Net current assets

 

21,836

23,802

Total assets less current liabilities

 

146,214

71,229

Creditors: Amounts falling due after more than one year

(27,127)

(21,522)

Provisions for liabilities

(23,632)

(10,917)

Accruals and deferred income

 

(5,748)

(2,320)

Net assets

 

89,707

36,470

Capital and reserves

 

Called up share capital

95

95

Profit and loss account

89,612

36,375

Total equity

 

89,707

36,470

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

SJE Event Productions Limited

(Registration number: 11995240)
Abridged Balance Sheet as at 31 May 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 February 2024
 

.........................................
Sonny Evans
Director

 

SJE Event Productions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18-20 High Street
Stevenage
Hertfordshire
SG1 3EJ

The principal place of business is:
96 Poynings Avenue
Southend-on-Sea
Essex
SS2 4RX

These financial statements were authorised for issue by the director on 5 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

 

SJE Event Productions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services and hire of equipment in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the business recognises related costs which the grant is intented to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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 countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

SJE Event Productions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% Straight Line

Office Equipment

20% Straight Line

Leasehold Improvements

10% Straight Line

Furniture and Fittings

20% Straight line

Motor Vehicles

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed for bad debts on an quarterly basis, any adjustment is made accordingly in the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

SJE Event Productions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2022

5,315

3,104

-

54,263

62,682

Additions

-

5,126

19,138

86,214

110,478

At 31 May 2023

5,315

8,230

19,138

140,477

173,160

Depreciation

At 1 June 2022

942

201

-

14,112

15,255

Charge for the year

531

922

13,461

18,613

33,527

At 31 May 2023

1,473

1,123

13,461

32,725

48,782

Carrying amount

At 31 May 2023

3,842

7,107

5,677

107,752

124,378

At 31 May 2022

4,373

2,903

-

40,151

47,427

Included within the net book value of land and buildings above is £3,842 (2022 - £4,374) in respect of short leasehold land and buildings.
 

 

SJE Event Productions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

95

95

95

95

         

6

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £384.00 (2022 - £279.00) per ordinary share

 

36,500

 

26,480

         

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £97,823 (2022 - £14,319). The company has leases on both of the current business premises. The total amount disclosed is the total amount due to the expiration of said leases.

8

Related party transactions

Transactions with the director

2023

At 1 June 2022
£

Advances to director
£

Repayments by director
£

At 31 May 2023
£

Sonny Evans

(94)

46,979

(47,186)

(301)

         
       

 

2022

At 1 June 2021
£

Advances to director
£

Repayments by director
£

At 31 May 2022
£

Sonny Evans

(46)

36,208

(36,256)

(94)

         
       

 


This loan is interest free and repayable on demand.

 

SJE Event Productions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

9

Ultimate controlling party

The ultimate controlling party is Mr Sonny Evans, by virtue of his shareholding.