Silverfin false false 31/12/2023 01/05/2023 31/12/2023 C J Ellis (Non Executive Director) 01/08/2020 B M Julius 17/01/2020 G Julius 17/01/2020 J J Ludlow 15/01/2021 Glenn Julius 19 February 2024 The principal activity of the Company during the financial year was that of events management. 12410330 2023-12-31 12410330 bus:Director1 2023-12-31 12410330 bus:Director2 2023-12-31 12410330 bus:Director3 2023-12-31 12410330 bus:Director4 2023-12-31 12410330 2023-04-30 12410330 core:CurrentFinancialInstruments 2023-12-31 12410330 core:CurrentFinancialInstruments 2023-04-30 12410330 core:Non-currentFinancialInstruments 2023-12-31 12410330 core:Non-currentFinancialInstruments 2023-04-30 12410330 core:ShareCapital 2023-12-31 12410330 core:ShareCapital 2023-04-30 12410330 core:RetainedEarningsAccumulatedLosses 2023-12-31 12410330 core:RetainedEarningsAccumulatedLosses 2023-04-30 12410330 core:OtherResidualIntangibleAssets 2023-04-30 12410330 core:OtherResidualIntangibleAssets 2023-12-31 12410330 core:LandBuildings 2023-04-30 12410330 core:PlantMachinery 2023-04-30 12410330 core:OfficeEquipment 2023-04-30 12410330 core:LandBuildings 2023-12-31 12410330 core:PlantMachinery 2023-12-31 12410330 core:OfficeEquipment 2023-12-31 12410330 core:CurrentFinancialInstruments 10 2023-12-31 12410330 core:CurrentFinancialInstruments 10 2023-04-30 12410330 core:WithinOneYear 2023-12-31 12410330 core:WithinOneYear 2023-04-30 12410330 core:BetweenOneFiveYears 2023-12-31 12410330 core:BetweenOneFiveYears 2023-04-30 12410330 2023-05-01 2023-12-31 12410330 bus:FilletedAccounts 2023-05-01 2023-12-31 12410330 bus:SmallEntities 2023-05-01 2023-12-31 12410330 bus:AuditExemptWithAccountantsReport 2023-05-01 2023-12-31 12410330 bus:PrivateLimitedCompanyLtd 2023-05-01 2023-12-31 12410330 bus:Director1 2023-05-01 2023-12-31 12410330 bus:Director2 2023-05-01 2023-12-31 12410330 bus:Director3 2023-05-01 2023-12-31 12410330 bus:Director4 2023-05-01 2023-12-31 12410330 bus:Director5 2023-05-01 2023-12-31 12410330 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-05-01 2023-12-31 12410330 core:LandBuildings core:BottomRangeValue 2023-05-01 2023-12-31 12410330 core:LandBuildings core:TopRangeValue 2023-05-01 2023-12-31 12410330 core:PlantMachinery core:TopRangeValue 2023-05-01 2023-12-31 12410330 core:OfficeEquipment core:TopRangeValue 2023-05-01 2023-12-31 12410330 2022-05-01 2023-04-30 12410330 core:OtherResidualIntangibleAssets 2023-05-01 2023-12-31 12410330 core:LandBuildings 2023-05-01 2023-12-31 12410330 core:PlantMachinery 2023-05-01 2023-12-31 12410330 core:OfficeEquipment 2023-05-01 2023-12-31 12410330 core:Non-currentFinancialInstruments 2023-05-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 12410330 (England and Wales)

ONYX EVENTS LTD

Unaudited Financial Statements
For the financial period from 01 May 2023 to 31 December 2023
Pages for filing with the registrar

ONYX EVENTS LTD

Unaudited Financial Statements

For the financial period from 01 May 2023 to 31 December 2023

Contents

ONYX EVENTS LTD

BALANCE SHEET

As at 31 December 2023
ONYX EVENTS LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023 30.04.2023
£ £
Fixed assets
Intangible assets 3 0 212
Tangible assets 4 41,817 42,768
41,817 42,980
Current assets
Stocks 5 52,020 47,394
Debtors 6 344,911 202,157
Cash at bank and in hand 66,553 12,160
463,484 261,711
Creditors: amounts falling due within one year 7 ( 249,722) ( 353,250)
Net current assets/(liabilities) 213,762 (91,539)
Total assets less current liabilities 255,579 (48,559)
Creditors: amounts falling due after more than one year 8 ( 154,548) ( 4,768)
Net assets/(liabilities) 101,031 ( 53,327)
Capital and reserves
Called-up share capital 100 100
Profit and loss account 100,931 ( 53,427 )
Total shareholders' funds/(deficit) 101,031 ( 53,327)

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Onyx Events Ltd (registered number: 12410330) were approved and authorised for issue by the Board of Directors on 19 February 2024. They were signed on its behalf by:

Glenn Julius
Director
ONYX EVENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 May 2023 to 31 December 2023
ONYX EVENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 May 2023 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Onyx Events Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The financial statements presented are for shortened period of 8 months from 01st May 2023 to 31st December 2023.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 7 - 10 years straight line
Plant and machinery 5 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.

Work in progress is calculated on a mix of both direct costs and an appropriate proportion of salaries relating to work in progress at the Balance Sheet date.

2. Employees

Period from
01.05.2023 to
31.12.2023
Year ended
30.04.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 11 6

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 May 2023 840 840
At 31 December 2023 840 840
Accumulated amortisation
At 01 May 2023 628 628
Charge for the financial period 212 212
At 31 December 2023 840 840
Net book value
At 31 December 2023 0 0
At 30 April 2023 212 212

4. Tangible assets

Land and buildings Plant and machinery Office equipment Total
£ £ £ £
Cost
At 01 May 2023 20,498 30,088 2,440 53,026
Additions 0 5,149 0 5,149
At 31 December 2023 20,498 35,237 2,440 58,175
Accumulated depreciation
At 01 May 2023 3,082 6,189 987 10,258
Charge for the financial period 1,173 4,521 406 6,100
At 31 December 2023 4,255 10,710 1,393 16,358
Net book value
At 31 December 2023 16,243 24,527 1,047 41,817
At 30 April 2023 17,416 23,899 1,453 42,768

5. Stocks

31.12.2023 30.04.2023
£ £
Stocks 2,752 3,686
Work in progress 49,268 43,708
52,020 47,394

6. Debtors

31.12.2023 30.04.2023
£ £
Trade debtors 42,156 127,270
Amounts owed by Group undertakings 223,298 36,418
Prepayments 58,747 20,746
Other taxation and social security 0 213
Other debtors 20,710 17,510
344,911 202,157

7. Creditors: amounts falling due within one year

31.12.2023 30.04.2023
£ £
Trade creditors 99,531 76,341
Amounts owed to Group undertakings 0 28,853
Other loans 52,448 4,058
Accruals and deferred income 87,352 193,754
Other taxation and social security 8,191 48,044
Obligations under finance leases and hire purchase contracts 2,200 2,200
249,722 353,250

8. Creditors: amounts falling due after more than one year

31.12.2023 30.04.2023
£ £
Other loans 151,247 0
Obligations under finance leases and hire purchase contracts 3,301 4,768
154,548 4,768

The hire purchase contract is secured by the asset to which it relates to.

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

31.12.2023 30.04.2023
£ £
within one year 0 81,500
between one and five years 190,167 244,500
190,167 326,000

The above commitment relates to amounts due in respect of rental agreements up to the date of any break clauses.

10. Ultimate controlling party

Parent Company:

Creating the Magic Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW