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Company Registration No. 05986260 (England and Wales)
VOTWO EVENTS&ADVENTURE LIMITED Unaudited accounts for the year ended 31 December 2023
VOTWO EVENTS&ADVENTURE LIMITED Unaudited accounts Contents
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VOTWO EVENTS&ADVENTURE LIMITED Company Information for the year ended 31 December 2023
Director
Benedict Peter Mason
Secretary
Benedict Peter Mason
Company Number
05986260 (England and Wales)
Registered Office
UNIT 10 KINGS FARM RURAL WORKSHOPS EVERTON ROAD HORDLE SO41 0HD ENGLAND
Accountants
FD For You Ltd 9 Kingswell Road Ensbury Park Bournemouth Dorset BH10 5DF
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VOTWO EVENTS&ADVENTURE LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
201,502 
60,871 
Current assets
Inventories
585 
626 
Debtors
97,050 
53,858 
Cash at bank and in hand
97,469 
81,027 
195,104 
135,511 
Creditors: amounts falling due within one year
(136,477)
(103,848)
Net current assets
58,627 
31,663 
Total assets less current liabilities
260,129 
92,534 
Creditors: amounts falling due after more than one year
(5,014)
(9,840)
Provisions for liabilities
Deferred tax
(39,647)
(11,566)
Net assets
215,468 
71,128 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
215,368 
71,028 
Shareholders' funds
215,468 
71,128 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 July 2024 and were signed on its behalf by
Benedict Peter Mason Director Company Registration No. 05986260
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VOTWO EVENTS&ADVENTURE LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
VOTWO EVENTS&ADVENTURE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05986260. The registered office is UNIT 10 KINGS FARM RURAL WORKSHOPS, EVERTON ROAD, HORDLE, SO41 0HD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Assets held under finance leases are depreciated in the same way as owned assets. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
3 Year Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Goodwill - 20% Straight Line Basis
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VOTWO EVENTS&ADVENTURE LIMITED Notes to the Accounts for the year ended 31 December 2023
Turnover
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: * the company has transferred to the buyer the significant risks and rewards of ownership of the goods; * the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; * the amount of revenue can be measured reliably; * it is probable that the economic benefits associated with the transaction will flow to the company; and * the costs incurred or to be incurred in respect of the transition can be measured reliably. Specifically, revenue from the sale of goods is recognised when the goods are delivered and legal title has passed.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas Grants relating to revenue are recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
25,000 
At 31 December 2023
25,000 
Amortisation
At 1 January 2023
25,000 
At 31 December 2023
25,000 
Net book value
At 31 December 2023
- 
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VOTWO EVENTS&ADVENTURE LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
200,300 
46,924 
3,016 
250,240 
Additions
169,907 
- 
2,555 
172,462 
Disposals
(75,689)
(1,011)
- 
(76,700)
At 31 December 2023
294,518 
45,913 
5,571 
346,002 
Depreciation
At 1 January 2023
166,426 
21,938 
1,005 
189,369 
Charge for the year
17,036 
6,247 
1,346 
24,629 
On disposals
(68,632)
(866)
- 
(69,498)
At 31 December 2023
114,830 
27,319 
2,351 
144,500 
Net book value
At 31 December 2023
179,688 
18,594 
3,220 
201,502 
At 31 December 2022
33,874 
24,986 
2,011 
60,871 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
90,182 
50,395 
Accrued income and prepayments
3,098 
2,286 
Other debtors
3,770 
1,177 
97,050 
53,858 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
4,854 
VAT
17,510 
10,528 
Obligations under finance leases and hire purchase contracts
4,827 
5,062 
Trade creditors
68,012 
12,862 
Taxes and social security
16,671 
5,478 
Other creditors
3,560 
6,068 
Loans from directors
9,964 
6,676 
Accruals
- 
8,000 
Deferred income
15,933 
44,320 
136,477 
103,848 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
5,014 
9,840 
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VOTWO EVENTS&ADVENTURE LIMITED Notes to the Accounts for the year ended 31 December 2023
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
39,647 
11,566 
2023 
2022 
£ 
£ 
Provision at start of year
11,566 
16,139 
Charged/(credited) to the profit and loss account
28,081 
(4,573)
Provision at end of year
39,647 
11,566 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Benedict Peter Mason
Benedict Mason DLA
6,678 
(198)
(3,484)
9,964 
6,678 
(198)
(3,484)
9,964 
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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