Registered number
13428773
Storyteller Events Limited
Filleted Accounts
31 December 2023
Storyteller Events Limited
Registered number: 13428773
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 46,155 63,300
Current assets
Stocks 5,000 2,097
Debtors 4 2,016 6,563
Cash at bank and in hand 13,860 25,305
20,876 33,965
Creditors: amounts falling due within one year 5 (58,034) (79,765)
Net current liabilities (37,158) (45,800)
Total assets less current liabilities 8,997 17,500
Creditors: amounts falling due after more than one year 6 (5,343) (6,711)
Net assets 3,654 10,789
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,554 10,689
Shareholder's funds 3,654 10,789
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
O H Larsen
Director
Approved by the board on 31 March 2024
Storyteller Events Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings over 4 years
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures and fittings Motor vehicles Total
£ £ £
Cost
At 1 January 2023 13,781 68,500 82,281
At 31 December 2023 13,781 68,500 82,281
Depreciation
At 1 January 2023 5,281 13,700 18,981
Charge for the year 3,445 13,700 17,145
At 31 December 2023 8,726 27,400 36,126
Net book value
At 31 December 2023 5,055 41,100 46,155
At 31 December 2022 8,500 54,800 63,300
4 Debtors 2023 2022
£ £
Trade debtors 2,016 3,888
Other debtors - 2,675
2,016 6,563
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 47,270 54,349
Trade creditors 750 3,300
Taxation and social security costs 8,764 7,969
Other creditors 1,250 14,147
58,034 79,765
6 Creditors: amounts falling due after one year 2023 2022
£ £
Intercompany loan 5,343 6,711
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 15,000 15,000
8 Controlling party
The company is controlled by the director.
9 Other information
Storyteller Events Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 North Place
Cheltenham
Glos
Storyteller Events Limited 13428773 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 O H Larsen No description of principal activity 13428773 2022-01-01 2022-12-31 13428773 core:WithinOneYear 2022-12-31 13428773 core:AfterOneYear 2022-12-31 13428773 core:ShareCapital 2022-12-31 13428773 core:RetainedEarningsAccumulatedLosses 2022-12-31 13428773 core:AllPeriods 2022-12-31 13428773 2023-01-01 2023-12-31 13428773 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13428773 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13428773 bus:Director40 2023-01-01 2023-12-31 13428773 1 2023-01-01 2023-12-31 13428773 2 2023-01-01 2023-12-31 13428773 core:PlantMachinery 2023-01-01 2023-12-31 13428773 core:Vehicles 2023-01-01 2023-12-31 13428773 countries:England 2023-01-01 2023-12-31 13428773 bus:FRS102 2023-01-01 2023-12-31 13428773 bus:FilletedAccounts 2023-01-01 2023-12-31 13428773 2023-12-31 13428773 core:WithinOneYear 2023-12-31 13428773 core:AfterOneYear 2023-12-31 13428773 core:ShareCapital 2023-12-31 13428773 core:RetainedEarningsAccumulatedLosses 2023-12-31 13428773 core:PlantMachinery 2023-12-31 13428773 core:Vehicles 2023-12-31 13428773 core:AllPeriods 2023-12-31 13428773 2022-12-31 13428773 core:PlantMachinery 2022-12-31 13428773 core:Vehicles 2022-12-31 iso4217:GBP xbrli:pure