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REGISTERED NUMBER: 07491375 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 July 2023

for

Avid Events Limited

Avid Events Limited (Registered number: 07491375)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Avid Events Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: KW Ellis
H Ellis





REGISTERED OFFICE: Queen Anne Cottage
Church Road
Swindon Village
Cheltenham
Gloucestershire
GL51 9QX





REGISTERED NUMBER: 07491375 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

Avid Events Limited (Registered number: 07491375)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 453 1,091
453 1,091

CURRENT ASSETS
Debtors 6 30,268 94,488
Cash at bank 175,609 234,291
205,877 328,779
CREDITORS
Amounts falling due within one year 7 133,953 124,612
NET CURRENT ASSETS 71,924 204,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,377

205,258

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,277 205,158
SHAREHOLDERS' FUNDS 72,377 205,258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 profit or loss 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.

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 Board of Directors and authorised for issue on 25 January 2024 and were signed on its behalf by:




KW Ellis - Director


Avid Events Limited (Registered number: 07491375)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Avid Events Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents net invoiced sales of goods and services, as adjusted for accrued and deferred income, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture & equipment - 20% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 138,000
AMORTISATION
At 1 August 2022
and 31 July 2023 138,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Avid Events Limited (Registered number: 07491375)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Office
furniture
& equipment
£   
COST
At 1 August 2022
and 31 July 2023 3,189
DEPRECIATION
At 1 August 2022 2,098
Charge for year 638
At 31 July 2023 2,736
NET BOOK VALUE
At 31 July 2023 453
At 31 July 2022 1,091

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 29,430 66,640
Prepayments and accrued income 838 27,848
30,268 94,488

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Corporation tax 25,641 34,571
Social security and other taxes 86,281 74,008
Directors' loan accounts 31 33
Deferred income 20,000 14,000
Accrued expenses 2,000 2,000
133,953 124,612