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REGISTERED NUMBER: 07750430 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SLAPSTICK FESTIVAL LIMITED

SLAPSTICK FESTIVAL LIMITED (REGISTERED NUMBER: 07750430)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


SLAPSTICK FESTIVAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTOR: C A Daniels





SECRETARY: C A Daniels





REGISTERED OFFICE: 96 Somerset Road
Bristol
BS4 2JB





REGISTERED NUMBER: 07750430 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

SLAPSTICK FESTIVAL LIMITED (REGISTERED NUMBER: 07750430)

REPORT OF THE DIRECTOR
for the Year Ended 31 MARCH 2023

The director presents his report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the staging and promotion of an annual comedy arts festival in the city of Bristol.

The company is limited by guarantee and does not have share capital. The liability of each member is limited to £1 in the event of a winding up.

The income and property of the company shall be applied solely towards the promotion of its principal activity as set out above and no part of such property and income may be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise howsoever by way of profit, to members of the company.

DIRECTOR
C A Daniels held office during the whole of the period from 1 April 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C A Daniels - Director


29 March 2024

SLAPSTICK FESTIVAL LIMITED (REGISTERED NUMBER: 07750430)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 963 1,850

CURRENT ASSETS
Debtors 5 7,097 29,784
Cash at bank and in hand 22,225 8,403
29,322 38,187
CREDITORS
Amounts falling due within one year 6 24,471 32,563
NET CURRENT ASSETS 4,851 5,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,814

7,474

PROVISIONS FOR LIABILITIES 7 183 351
NET ASSETS 5,631 7,123

RESERVES
Income and expenditure account 5,631 7,123
5,631 7,123

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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.

SLAPSTICK FESTIVAL LIMITED (REGISTERED NUMBER: 07750430)

BALANCE SHEET - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 March 2024 and were signed by:





C A Daniels - Director


SLAPSTICK FESTIVAL LIMITED (REGISTERED NUMBER: 07750430)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Slapstick Festival Limited is a private company, limited by guarantee , 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.

Income
Income includes grants, donations, box office income and earned income.

Grants and donations are recognised on an accruals basis, with income recognised in the Income Statement in the period to which it relates.

Box office income is recognised on an accruals basis, with income recognised in the Income Statement in the period to which the performance relates.

Earned income in respect of services provided is accounted for on an accruals basis, with income recognised in the Income Statement in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Government grants
The company received Local Restrictions Support Grant payments during the prior year. These have been recognised as Other Operating Income when received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


SLAPSTICK FESTIVAL LIMITED (REGISTERED NUMBER: 07750430)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Going concern
The director has reviewed the going concern status of the business for the foreseeable future as best he and fully expect, that the company will remain a going concern and will have sufficient working capital to meet its requirements for the foreseeable future. The director therefore continues to adopt the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SLAPSTICK FESTIVAL LIMITED (REGISTERED NUMBER: 07750430)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 4,035
DEPRECIATION
At 1 April 2022 2,185
Charge for year 887
At 31 March 2023 3,072
NET BOOK VALUE
At 31 March 2023 963
At 31 March 2022 1,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,281 11,245
Other debtors 1,500 1,500
Corporation tax recoverable 181 -
VAT - 4,886
Accrued income - 12,029
Prepayments 135 124
7,097 29,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,417 1,387
Corporation tax - 344
VAT 2,524 -
Director's current account 1,253 610
Deferred income 13,862 17,798
Accrued expenses 3,415 12,424
24,471 32,563

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 183 351

SLAPSTICK FESTIVAL LIMITED (REGISTERED NUMBER: 07750430)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 351
Provided during year (168 )
Balance at 31 March 2023 183

8. RELATED PARTY DISCLOSURES

At the year end the company owed money to C A Daniels, a director of the company, amounting to £1,253 (2022 - £610). No interest has been charged on this amount.

9. ULTIMATE CONTROLLING PARTY

The director considers that there is no one ultimate controlling party. The company is controlled by its members who each have one vote and no individual member has ultimate control of the company as determined by the Memorandum and Articles of Association.

10. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have share capital. The liability of each member is limited to £1 in the event of a winding up.

The income and property of the company shall be applied solely towards the promotion of its principal activity as set out in the report of the director and no part of such property and income may be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise howsoever by way of profit, to members of the company.