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REGISTERED NUMBER: 07065079 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CUMULUS OUTDOOR EVENTS LIMITED

CUMULUS OUTDOOR EVENTS LIMITED (REGISTERED NUMBER: 070

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUMULUS OUTDOOR EVENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: S S Thompson
S C Thompson
T A L Campbell-Hill





REGISTERED OFFICE: Cobblers Lane
Swanage
Dorset
BH19 2PX





REGISTERED NUMBER: 07065079 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

CUMULUS OUTDOOR EVENTS LIMITED (REGISTERED NUMBER: 070

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 379,405 202,352

CURRENT ASSETS
Debtors 5 102,405 136,876
Cash at bank and in hand 265,631 266,542
368,036 403,418
CREDITORS
Amounts falling due within one year 6 400,541 332,297
NET CURRENT (LIABILITIES)/ASSETS (32,505 ) 71,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,900

273,473

CREDITORS
Amounts falling due after more than one
year

7

(59,980

)

-

PROVISIONS FOR LIABILITIES 9 (58,956 ) (37,228 )
NET ASSETS 227,964 236,245

CUMULUS OUTDOOR EVENTS LIMITED (REGISTERED NUMBER: 070

BALANCE SHEET - continued
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 194 200
Share premium 10 29,940 29,940
Capital redemption reserve 10 66 60
Retained earnings 10 197,764 206,045
SHAREHOLDERS' FUNDS 227,964 236,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 11 July 2024 and were signed on its behalf by:




S S Thompson - Director



T A L Campbell-Hill - Director


CUMULUS OUTDOOR EVENTS LIMITED (REGISTERED NUMBER: 070

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Cumulus Outdoor 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 sales of services and goods net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - in accordance with the term of the lease
Plant and machinery - 20% on reducing balance and 12.5% on cost
Motor vehicles - 25% on cost and 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

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.

CUMULUS OUTDOOR EVENTS LIMITED (REGISTERED NUMBER: 070

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 December 2022 18,025 332,521 24,952
Additions 10,450 128,279 -
Disposals - - -
At 30 November 2023 28,475 460,800 24,952
DEPRECIATION
At 1 December 2022 11,910 178,396 12,085
Charge for year 7,119 52,897 2,573
Eliminated on disposal - - -
At 30 November 2023 19,029 231,293 14,658
NET BOOK VALUE
At 30 November 2023 9,446 229,507 10,294
At 30 November 2022 6,115 154,125 12,867

CUMULUS OUTDOOR EVENTS LIMITED (REGISTERED NUMBER: 070

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 33,903 16,024 425,425
Additions 114,878 - 253,607
Disposals (5,000 ) - (5,000 )
At 30 November 2023 143,781 16,024 674,032
DEPRECIATION
At 1 December 2022 12,668 8,014 223,073
Charge for year 11,959 1,602 76,150
Eliminated on disposal (4,596 ) - (4,596 )
At 30 November 2023 20,031 9,616 294,627
NET BOOK VALUE
At 30 November 2023 123,750 6,408 379,405
At 30 November 2022 21,235 8,010 202,352

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 95,878
At 30 November 2023 95,878
DEPRECIATION
Charge for year 3,994
At 30 November 2023 3,994
NET BOOK VALUE
At 30 November 2023 91,884

CUMULUS OUTDOOR EVENTS LIMITED (REGISTERED NUMBER: 070

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 86,937 119,002
Other debtors - 3,000
Corporation tax 9,252 9,252
Prepayments and accrued income 6,216 5,622
102,405 136,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 17,688 -
Payments on account 278,520 265,054
Trade creditors 20,931 29,956
Social security and other taxes 12,321 11,042
VAT 39,388 22,127
Other creditors 421 2,168
Accruals and deferred income 31,272 1,950
400,541 332,297

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 59,980 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 77,668 -

The hire purchase balance is secured on the assets acquired under the agreements.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 58,956 37,228

CUMULUS OUTDOOR EVENTS LIMITED (REGISTERED NUMBER: 070

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 37,228
Provided during year 21,728
Balance at 30 November 2023 58,956

10. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 December 2022 206,045 29,940 60 236,045
Profit for the year 10,919 10,919
Dividends (12,000 ) (12,000 )
Purchase of own shares (7,200 ) - 6 (7,194 )
At 30 November 2023 197,764 29,940 66 227,770