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COMPANY REGISTRATION NUMBER: 12205983
Quartz Business Events Ltd
Filleted Unaudited Financial Statements
30 September 2023
Quartz Business Events Ltd
Financial Statements
Year ended 30 September 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Quartz Business Events Ltd
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
£
Current assets
Debtors
4
5,631,500
5,061,216
Cash at bank and in hand
1,739,899
681,397
------------
------------
7,371,399
5,742,613
Creditors: amounts falling due within one year
5
6,996,826
5,430,957
------------
------------
Net current assets
374,573
311,656
---------
---------
Total assets less current liabilities
374,573
311,656
---------
---------
Net assets
374,573
311,656
---------
---------
Capital and reserves
Called up share capital
6
125
125
Profit and loss account
374,448
311,531
---------
---------
Shareholders funds
374,573
311,656
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 April 2024 , and are signed on behalf of the board by:
K Harris
P R Michael
Director
Director
Company registration number: 12205983
Quartz Business Events Ltd
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Quartz House, Clarendon Road, Redhill, RH1 1QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Exhibition turnover represents the invoice value of space sold and other revenue received in respect of exhibitions held during the year excluding VAT. Turnover is recognised when an exhibition is completed. Invoicing and cash received in advance on future exhibitions is deferred until the exhibitions have taken place. Invoicing and cash received deferred at the balance sheet date is included in creditors.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Debtors
2023
2022
£
£
Trade debtors
1,959,425
2,901,353
Other debtors
3,672,075
2,159,863
------------
------------
5,631,500
5,061,216
------------
------------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,601,449
1,250,797
Social security and other taxes
18,653
74,430
Other creditors
5,376,724
4,105,730
------------
------------
6,996,826
5,430,957
------------
------------
6. Called up share capital
Issued and called up
2023
2022
No.
£
No.
£
Ordinary shares of £ 0.01 each
12,500
125
12,500
125
--------
----
--------
----
Shares issued and partly paid
2023
2022
No.
£
No.
£
Ordinary shares - £– paid of £ 0.01 each
12,500
12,500
--------
----
--------
----