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No description of principal activity
2023-06-01
Sage Accounts Production Advanced 2023 - FRS102_2023
10,054
10,249
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xbrli:shares
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09585770
2023-06-01
2024-05-31
09585770
2024-05-31
09585770
2023-05-31
09585770
2022-06-01
2023-05-31
09585770
2023-05-31
09585770
2022-05-31
09585770
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2024-05-31
09585770
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2024-05-31
09585770
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2024-05-31
09585770
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2024-05-31
09585770
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2023-05-31
09585770
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2023-06-01
2024-05-31
09585770
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2022-06-01
2023-05-31
09585770
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2023-05-31
09585770
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2022-05-31
09585770
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2024-05-31
09585770
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2023-05-31
09585770
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2024-05-31
09585770
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2023-05-31
09585770
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2024-05-31
COMPANY REGISTRATION NUMBER:
09585770
Unaudited Financial Statements |
|
Year Ended 31 May 2024
Officers and Professional Advisers |
1 |
|
|
Statement of Income and Retained Earnings |
3 |
|
|
Statement of Financial Position |
4 |
|
|
Notes to the Financial Statements |
5 |
|
|
The following pages do not form part of the financial statements
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements |
8 |
|
|
Officers and Professional Advisers |
|
Registered Office |
2 Cedar Grove |
|
Hoole |
|
Chester |
|
Cheshire |
|
CH2 3LQ |
|
|
Accountants |
Steve Astbury Ltd |
|
Chartered accountants |
|
Within Body Matters Gym |
|
Hooley Bridge Mill |
|
Bamford Road |
|
Heywood |
|
OL10 4AG |
|
|
Year Ended 31 May 2024
The director presents his report and the unaudited financial statements of the company for the year ended
31 May 2024
.
Incorporation
The company was incorporated on 12th May 2015 and commenced trading on that date.
Director
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
9 August 2024
and signed on behalf of the board by:
Registered office: |
2 Cedar Grove |
Hoole |
Chester |
Cheshire |
CH2 3LQ |
|
Statement of Income and Retained Earnings |
|
Year Ended 31 May 2024
|
2024 |
2023 |
Note |
£ |
£ |
Turnover |
34,129 |
32,877 |
|
|
|
|
-------- |
-------- |
Gross Profit |
34,129 |
32,877 |
|
|
|
Administrative expenses |
21,717 |
20,224 |
|
-------- |
-------- |
Operating Profit |
12,412 |
12,653 |
|
|
|
|
-------- |
-------- |
Profit Before Taxation |
12,412 |
12,653 |
|
|
|
Tax on profit |
2,358 |
2,404 |
|
-------- |
-------- |
Profit for the Financial Year and Total Comprehensive Income |
10,054 |
10,249 |
|
-------- |
-------- |
|
|
|
Dividends paid and payable |
(
10,000) |
(
12,000) |
|
|
|
Retained Earnings at the Start of the Year |
10,373 |
12,124 |
|
-------- |
-------- |
Retained Earnings at the End of the Year |
10,427 |
10,373 |
|
-------- |
-------- |
|
|
|
All the activities of the company are from continuing operations.
Statement of Financial Position |
|
31 May 2024
Current Assets
Cash at bank and in hand |
14,758 |
|
27,876 |
|
|
|
|
Creditors: amounts falling due within one year |
5 |
4,330 |
|
17,502 |
|
-------- |
|
-------- |
Net Current Assets |
|
10,428 |
10,374 |
|
|
-------- |
-------- |
Total Assets Less Current Liabilities |
|
10,428 |
10,374 |
|
|
-------- |
-------- |
Net Assets |
|
10,428 |
10,374 |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and Reserves
Called up share capital |
|
1 |
1 |
Profit and loss account |
|
10,427 |
10,373 |
|
|
-------- |
-------- |
Shareholders Funds |
|
10,428 |
10,374 |
|
|
-------- |
-------- |
|
|
|
|
These financial statements have been prepared 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'.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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
9 August 2024
, and are signed on behalf of the board by:
Company registration number:
09585770
Notes to the Financial Statements |
|
Year Ended 31 May 2024
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Cedar Grove, Hoole, Chester, Cheshire, CH2 3LQ.
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.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Compound instruments Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability. The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument. The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Corporation tax |
2,359 |
2,405 |
Social security and other taxes |
598 |
320 |
Other creditors |
1,373 |
14,777 |
|
------- |
-------- |
|
4,330 |
17,502 |
|
------- |
-------- |
|
|
|
6.
Director's Advances, Credits and Guarantees
Balance on Director's loan account brought forward £14,339 Net movement in the year £13,438 Balance on Director's loan account carried forward £901
7.
Related Party Transactions
During the year, the company paid a dividend of £10,000 (2023 £12,000) to the Director.
Year Ended 31 May 2024
The following pages do not form part of the financial statements.
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Mark Gaskell Events Ltd |
|
Year Ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mark Gaskell Events Ltd for the year ended 31 May 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Mark Gaskell Events Ltd in accordance with the terms of our engagement letter dated 10 February 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Mark Gaskell Events Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mark Gaskell Events Ltd and its director for our work or for this report.
It is your duty to ensure that Mark Gaskell Events Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mark Gaskell Events Ltd. You consider that Mark Gaskell Events Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Mark Gaskell Events Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Steve Astbury Ltd
Chartered accountants
Within Body Matters Gym
Hooley Bridge Mill
Bamford Road
Heywood
OL10 4AG
9 August 2024