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REGISTERED NUMBER: 07392451 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Segway Events Limited

Segway Events Limited (Registered number: 07392451)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Segway Events Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Mr A J Ridell





REGISTERED OFFICE: Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW





REGISTERED NUMBER: 07392451 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Segway Events Limited (Registered number: 07392451)

Balance Sheet
31 December 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 5 24,000 27,000
Tangible assets 6 163,743 164,754
187,743 191,754

CURRENT ASSETS
Debtors 7 21,143 34,485
Cash at bank and in hand 1,402 2,283
22,545 36,768
CREDITORS
Amounts falling due within one year 8 (665,693 ) (470,561 )
NET CURRENT LIABILITIES (643,148 ) (433,793 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(455,405

)

(242,039

)

CREDITORS
Amounts falling due after more than one
year

9

(26,836

)

(99,869

)
NET LIABILITIES (482,241 ) (341,908 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (482,341 ) (342,008 )
SHAREHOLDERS' FUNDS (482,241 ) (341,908 )

Segway Events Limited (Registered number: 07392451)

Balance Sheet - continued
31 December 2022


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





Mr A J Ridell - Director


Segway Events Limited (Registered number: 07392451)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Segway 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

The COVID-19 pandemic had a significant impact on our business, restricting income and increasing costs.

Despite having net liabilities, our creditors continue to be supportive. Included within total liabilities is a significant amount of deferred income, representing vouchers for events sold in advance.

Whilst the pandemic was without precedent and unpredictable, the directors have an expectation that the company has sufficient financial resources to continue in operational existence for the foreseeable future.

The directors acknowledge that the current market conditions are challenging. However, they have identified and are pursuing alternative strategies to enhance the company's prospects. These include the introduction of a maintenance and battery supply service, as well as a more corporate-focused hire service. These initiatives are expected to diversify revenue streams and provide a more stable financial footing.Therefore, the financial statements are prepared on a going concern basis. The directors are confident that, with these strategic adjustments, the company can continue to operate effectively over the next 12 months. However, it is recognised that there is a material uncertainty about the company's ability to continue as a going concern, which may cast significant doubt on the company's ability to continue to operate in its current form.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on services provided during the year and derives from the provision of services falling within the company's ordinary activities. Turnover is recognised on the day of the event.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any impairment losses. Goodwill is being amortised over 10 years.

Tangible fixed assets
All fixed assets are initially recorded at cost. Minimal depreciation has been charged on plant and machinery in the year as it is deemed to have a residual value not lower than the opening net book value.


Segway Events Limited (Registered number: 07392451)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 12 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 30,000
AMORTISATION
At 1 January 2022 3,000
Amortisation for year 3,000
At 31 December 2022 6,000
NET BOOK VALUE
At 31 December 2022 24,000
At 31 December 2021 27,000

Segway Events Limited (Registered number: 07392451)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2022 3,792 430,292 1,113 94,225 529,422
Additions - 108 - - 108
Disposals - (167 ) - - (167 )
At 31 December 2022 3,792 430,233 1,113 94,225 529,363
DEPRECIATION
At 1 January 2022 3,792 290,108 1,113 69,655 364,668
Charge for year - 1,096 - - 1,096
Eliminated on disposal - (144 ) - - (144 )
At 31 December 2022 3,792 291,060 1,113 69,655 365,620
NET BOOK VALUE
At 31 December 2022 - 139,173 - 24,570 163,743
At 31 December 2021 - 140,184 - 24,570 164,754

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 5,612 21,097
Other debtors 15,531 13,388
21,143 34,485

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 16,715 11,284
Hire purchase contracts - 2,784
Trade creditors 295,759 161,584
Taxation and social security 70,252 24,967
Other creditors 282,967 269,942
665,693 470,561

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 26,836 35,017
Other creditors - 64,852
26,836 99,869

Segway Events Limited (Registered number: 07392451)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100