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COMPANY REGISTRATION NUMBER: 08419071
Illuminate Events Ltd
Filleted Unaudited Financial Statements
31 October 2023
Illuminate Events Ltd
Financial Statements
Period from 1 October 2022 to 31 October 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Illuminate Events Ltd
Statement of Financial Position
31 October 2023
31 Oct 23
30 Sep 22
Note
£
£
£
Current assets
Debtors
6
55,000
102,139
Cash at bank and in hand
416,813
400,720
---------
---------
471,813
502,859
Creditors: amounts falling due within one year
7
457,096
262,188
---------
---------
Net current assets
14,717
240,671
--------
---------
Total assets less current liabilities
14,717
240,671
--------
---------
Net assets
14,717
240,671
--------
---------
Capital and reserves
Called up share capital
10
10
Profit and loss account
14,707
240,661
--------
---------
Shareholders funds
14,717
240,671
--------
---------
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 period ending 31 October 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 period 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 30 July 2024 , and are signed on behalf of the board by:
Miss A List Brain
Director
Company registration number: 08419071
Illuminate Events Ltd
Notes to the Financial Statements
Period from 1 October 2022 to 31 October 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 Stourmouth House, The Street, Canterbury, Kent, CT3 1HZ.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced for events held during the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 October 2022 and 31 October 2023
1,446
1,446
-------
-------
Depreciation
At 1 October 2022 and 31 October 2023
1,446
1,446
-------
-------
Carrying amount
At 31 October 2023
-------
-------
At 30 September 2022
-------
-------
6. Debtors
31 Oct 23
30 Sep 22
£
£
Trade debtors
55,000
65,500
Other debtors
36,639
--------
---------
55,000
102,139
--------
---------
7. Creditors: amounts falling due within one year
31 Oct 23
30 Sep 22
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
200,686
Corporation tax
7,990
19,568
Other creditors
248,420
242,620
---------
---------
457,096
262,188
---------
---------
8. Related party transactions
At the year end the company was owed £200,606 (2022: £36,639) by a group company.
9. Controlling party
At the balance sheet date the immediate parent company was Zoology Ltd , a company registered in the United Kingdom. The address of the registered office is Stourmouth House, The Street, Canterbury, Kent, CT3 1HZ, United Kingdom .