Registration number:
Network Events Limited
for the
Period from 17 June 2022 to 30 June 2023
Network Events Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Network Events Limited
Company Information
Director |
C A Garrett |
Registered office |
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Accountants |
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Network Events Limited
(Registration number: 14179692)
Balance Sheet as at 30 June 2023
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2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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.
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
Network Events Limited
(Registration number: 14179692)
Balance Sheet as at 30 June 2023
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Network Events Limited
Notes to the Unaudited Financial Statements for the Period from 17 June 2022 to 30 June 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
These financial statements were authorised for issue by the
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 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 financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency of the financial statements is Pound Sterling (£).
Comparatives
This is the company's first period of trade and therefore there are no comparatives.
Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue to trade in operational existence for the foreseeable future. At 30 June 2023, the company had net current liabilities of £4,129 and net assets of £911. The director has considered the position of the company with respect to its obligations to ensure the business can continue in operational existence for the foreseeable future and confirms his approval to adopt the going concern basis for preparing the accounts.
Network Events Limited
Notes to the Unaudited Financial Statements for the Period from 17 June 2022 to 30 June 2023
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Accounting policies (continued) |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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.
Tax
The tax expense for the period comprises current 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.
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.
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% Reducing balance |
Network Events Limited
Notes to the Unaudited Financial Statements for the Period from 17 June 2022 to 30 June 2023
2 |
Accounting policies (continued) |
Financial instruments
Classification
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Tangible assets |
Plant and machinery |
Total |
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Cost or valuation |
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Additions |
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At 30 June 2023 |
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Depreciation |
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Charge for the period |
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At 30 June 2023 |
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Carrying amount |
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At 30 June 2023 |
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Network Events Limited
Notes to the Unaudited Financial Statements for the Period from 17 June 2022 to 30 June 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
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Due within one year |
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Taxation and social security |
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Accruals |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2023 |
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No. |
£ |
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10 |
10 Ordinary £1 shares were issued at par upon incorporation.