Registered number
12288414
Kingswood Tech Events Ltd
Unaudited Filleted Accounts
31 March 2024
Kingswood Tech Events Ltd
Registered number: 12288414
Balance Sheet
as at 31 March 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 759 1,263
Current assets
Debtors 4 146,522 227,960
Cash at bank and in hand 93,543 80,917
240,065 308,877
Creditors: amounts falling due within one year 5 (230,487) (308,571)
Net current assets 9,578 306
Net assets 10,337 1,569
Capital and reserves
Called up share capital 6 6
Profit and loss account 10,331 1,563
Shareholders' funds 10,337 1,569
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
E White
Director
Approved by the board on 23 August 2024
Kingswood Tech Events Ltd
Notes to the Accounts
for the period from 1 November 2022 to 31 March 2024
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 is reduced for estimated customer returns, rebates and other similar allowances. Turnover represents the rendering of services.
Revenue from the rendering of services is recognised when all of the following coditions are satisfied: (i) the amount of revenue can be measured reliabily; and (ii) it is probable that the economic benefits associated with the transaction will flow to the company.
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:
Office equipment and IT over 4 years
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Change in length of the reporting period
The length of the reporting period under review chas changed from the 12 months to 31 October 2023 to the 17 months to 31 March 2024. Therefore, the comparatives are not comparable.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Office equipment and IT
£
Cost
At 1 November 2022 2,015
At 31 March 2024 2,015
Depreciation
At 1 November 2022 752
Charge for the period 504
At 31 March 2024 1,256
Net book value
At 31 March 2024 759
At 31 October 2022 1,263
4 Debtors 2024 2022
£ £
Trade debtors 105,034 156,993
Other debtors 41,488 70,967
146,522 227,960
5 Creditors: amounts falling due within one year 2024 2022
£ £
Trade creditors 20,104 21,225
Taxation and social security costs 70,995 60,488
Other creditors 139,388 226,858
230,487 308,571
6 Related party transactions
The profit for the period is after management charges receivable of £0 (2022 - £35,000) from an entity in which the directors have a material interest.
7 Other information
Kingswood Tech Events Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Amherst House, London Road
Riverhead
Sevenoaks
Kent
TN13 2BT
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