Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30truetrue2022-07-01falseNo description of principal activity3226The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06665056 2022-07-01 2023-06-30 06665056 2021-07-01 2022-06-30 06665056 2023-06-30 06665056 2022-06-30 06665056 2021-07-01 06665056 c:Director1 2022-07-01 2023-06-30 06665056 c:Director2 2022-07-01 2023-06-30 06665056 d:FurnitureFittings 2022-07-01 2023-06-30 06665056 d:FurnitureFittings 2023-06-30 06665056 d:FurnitureFittings 2022-06-30 06665056 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 06665056 d:OfficeEquipment 2022-07-01 2023-06-30 06665056 d:OfficeEquipment 2023-06-30 06665056 d:OfficeEquipment 2022-06-30 06665056 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 06665056 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 06665056 d:CurrentFinancialInstruments 2023-06-30 06665056 d:CurrentFinancialInstruments 2022-06-30 06665056 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06665056 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 06665056 d:ShareCapital 2023-06-30 06665056 d:ShareCapital 2022-06-30 06665056 d:RetainedEarningsAccumulatedLosses 2023-06-30 06665056 d:RetainedEarningsAccumulatedLosses 2022-06-30 06665056 c:OrdinaryShareClass1 2022-07-01 2023-06-30 06665056 c:OrdinaryShareClass1 2021-07-01 2022-06-30 06665056 c:OrdinaryShareClass1 2023-06-30 06665056 c:FRS102 2022-07-01 2023-06-30 06665056 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 06665056 c:FullAccounts 2022-07-01 2023-06-30 06665056 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 06665056 d:WithinOneYear 2023-06-30 06665056 d:WithinOneYear 2022-06-30 06665056 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 06665056 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 06665056 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 06665056 d:TaxLossesCarry-forwardsDeferredTax 2022-06-30 06665056 d:BetweenOneFiveYears 2023-06-30 06665056 d:BetweenOneFiveYears 2022-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06665056


 

A & I EVENTS LIMITED
 
UNAUDITED
 
FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 30 JUNE 2023

 
A & I EVENTS LIMITED
REGISTERED NUMBER: 06665056

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
71,917
19,483

Current assets
  

Debtors: amounts falling due within one year
 4 
2,420,208
3,157,840

Cash at bank and in hand
  
1,894,012
2,268,119

  
4,314,220
5,425,959

Creditors: amounts falling due within one year
 5 
(2,627,972)
(4,340,676)

Net current assets
  
 
 
1,686,248
 
 
1,085,283

Provisions for liabilities
  

Deferred tax
 6 
(6,198)
(1,477)

  
 
 
(6,198)
 
 
(1,477)

Net assets
  
1,751,967
1,103,289


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
1,751,867
1,103,189

  
1,751,967
1,103,289


Page 1

 
A & I EVENTS LIMITED
REGISTERED NUMBER: 06665056

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 profit and loss account 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 by: 




A M Williamson
I A Williamson
Director
Director


Date: 11 March 2024
Date:11 March 2024


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
A & I EVENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.Accounting policies

  
1.1

Basis of preparation of financial statements

A & I Events Limited (''the company'') is a limited liability company incorporated and domiciled in the United Kingdom. The address of its registered office is One Lea House, 211 Loughborough Road, Mountsorrel, Near Loughborough, Leicestershire, LE12 7AR.
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 30 June 2023 (2022: year ended 30 June 2022).
The financial statements have been prepared on a going concern basis under the historical cost convention and in accordance with Financial Reporting Standard 102 (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland, including section 1A of FRS 102 and the Companies Act 2006.
The following principal accounting policies have been applied:

 
1.2

Going concern

At the balance sheet date the company had a strong cash and strong net asset position. At the time of signing these accounts, the directors have considered the going concern position and consider this indicates the company will continue to trade for a period of at least 12 months from the date of signing these accounts. 
On that basis, the directors have prepared these financial statements on a going concern basis.

 
1.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, Value Added Tax and other sales taxes. The following criteria must also be met before turnover is recognised
Events
The company recognises turnover and associated cost of sales in the month an event has taken place. Any income received or expenditure incurred up to the date of the event is deferred until the event has taken place.
In the event of a cancellation, all non-refundable deposits paid by the customer are recognised as revenue and all costs incurred to this date are recognised within expenditure. 
Turnover derived from variations on contracts are recognised only when they have been accepted by the customer. 
Rewards schemes
The company recognises turnover in relation to the management of reward schemes for its clients over the life of the contract.  The company recognises turnover and associated costs of sales on the rewards it provides for its customers as part of the reward schemes when the rewards have been delivered to the customer or, in the case of holidays, when the holidays have been taken.  Any income received or expenditure incurred during the arrangements of the reward schemes is deferred until the recognition criteria is met.

Page 3

 
A & I EVENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.Accounting policies (continued)

 
1.4

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. 
At each period end, foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction. 
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account. 

 
1.5

Operating leases

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

 
1.6

Government grants

Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.
Grants relating to the Coronavirus Job Retention Scheme are recognised in the profit and loss account when the relevant requirements are met.

Page 4

 
A & I EVENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.Accounting policies (continued)

 
1.7

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the profit and loss account during the period in which they are incurred.

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

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
straight line
Office equipment
-
25%
straight line

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 the profit and loss account.

 
1.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and other third parties and loans with related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

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

Page 5

 
A & I EVENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.Accounting policies (continued)

  
1.9

Current and deferred taxation

The tax charge for the year comprises of current and deferred tax.
Current tax is recognised for the amount of corporation tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.
 
Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
 
Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
 
1.10

  Pensions

The company contributes to defined contribution pension plans for its employees. A defined contribution pension plan is a 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 profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the pension plans are held separately from the company in independently administered funds. 


2.


Employees

The average monthly number of employees, including directors, during the year was 32 (2022: 26).

Page 6

 
A & I EVENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost


At 1 July 2022
32,379
55,669
88,048


Additions
41,064
23,255
64,319



At 30 June 2023

73,443
78,924
152,367



Depreciation


At 1 July 2022
31,567
36,998
68,565


Charge for the year
4,132
7,753
11,885



At 30 June 2023

35,699
44,751
80,450



Net book value



At 30 June 2023
37,744
34,173
71,917



At 30 June 2022
812
18,671
19,483


4.


Debtors

2023
2022
£
£


Trade debtors
728,336
352,213

Other debtors
549,840
451,097

Prepayments and accrued income
1,142,032
2,354,530

2,420,208
3,157,840



5.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
455,154
495,582

Corporation tax
216,489
129,342

Other taxation and social security
137,622
65,140

Other creditors
521,817
319,722

Accruals and deferred income
1,296,890
3,330,890

2,627,972
4,340,676


Page 7

 
A & I EVENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Deferred taxation




2023
2022


£

£






At beginning of year
1,477
-


Charged to the profit and loss account
4,721
1,477



At end of year
6,198
1,477

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fixed asset timing differences
8,719
4,618

Short term timing differences
2,521
3,141

6,198
1,477


7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



8.


Pension commitments

The company contributes to defined contribution pension schemes. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £154,701 (2022: £170,079). Contributions totalling £5,986 (2022: £3,728) were payable to the fund at the balance sheet date.


9.


Commitments under operating leases

At 30 June 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Within 1 year
39,073
37,500

Within 2 to 5 years
2,753
37,500

41,826
75,000

Page 8

 
A & I EVENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Transactions with directors

At 30 June 2023, included in other debtors were amounts totalling £413,278 (2022: £308,118) due from the directors of the company. During the year the directors received net advances of £105,160. The loan is interest-free and repayable on demand.


11.


Controlling party

The company is controlled by the directors by virtue of their 100% joint shareholding.


Page 9