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
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
VOTWO EVENTS&ADVENTURE LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
201,502
60,871
Cash at bank and in hand
97,469
81,027
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)
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
VOTWO EVENTS&ADVENTURE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (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
VOTWO EVENTS&ADVENTURE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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 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 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 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
At 31 December 2023
25,000
At 31 December 2023
25,000
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
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
At 31 December 2023
179,688
18,594
3,220
201,502
At 31 December 2022
33,874
24,986
2,011
60,871
Amounts falling due within one year
Trade debtors
90,182
50,395
Accrued income and prepayments
3,098
2,286
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
4,854
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
Deferred income
15,933
44,320
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
5,014
9,840
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
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Benedict Mason DLA
6,678
(198)
(3,484)
9,964
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).