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REGISTERED NUMBER: 07706178 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hercules Events Limited

Hercules Events Limited (Registered number: 07706178)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hercules Events Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G Enright





SECRETARY:





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 07706178 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Hercules Events Limited (Registered number: 07706178)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1 1
2 2

CURRENT ASSETS
Debtors 6 4,938 6,203

CREDITORS
Amounts falling due within one year 7 65,701 66,931
NET CURRENT LIABILITIES (60,763 ) (60,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(60,761

)

(60,726

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (61,761 ) (61,726 )
SHAREHOLDERS' FUNDS (60,761 ) (60,726 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Hercules Events Limited (Registered number: 07706178)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





G Enright - Director


Hercules Events Limited (Registered number: 07706178)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hercules Events Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 6 High Street, Wheathampstaed, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue comprises the fair value of goods and services supplied by the company, net of discounts having regard to the fulfilment of contractual obligations.

Intangible fixed assets
Intangible Fixed Assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets
Tangible Fixed Assets are initially stated at cost.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Website - 33 1/3% Straight Line.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.


Hercules Events Limited (Registered number: 07706178)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Value added tax (vat)
The company is not registered for VAT and hence does not charge VAT on its sales. All expenses are disclosed inclusive of applicable VAT.

Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Intellectual
Property
£   
COST
At 1 January 2023
and 31 December 2023 170
AMORTISATION
At 1 January 2023
and 31 December 2023 169
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. TANGIBLE FIXED ASSETS
Website
£   
COST
At 1 January 2023
and 31 December 2023 638
DEPRECIATION
At 1 January 2023
and 31 December 2023 637
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

Hercules Events Limited (Registered number: 07706178)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax - 2,295
Prepayments & other debtors 4,938 3,908
4,938 6,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 17,166 6,683
Owed to Businessscope Con. Ltd 44,325 53,995
Accruals and deferred income 4,210 6,253
65,701 66,931

8. RELATED PARTY DISCLOSURES

Included in Creditors due within one year is £44,325 (2022: £53,995) owed to Businessscope Consultancy Limited, the parent company.

Included in Debtors payable in one year is £4,938 (2022: £3,908) owed to the company by the director.