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REGISTERED NUMBER: NI619722 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SD EVENT MANAGEMENT LIMITED

SD EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: NI619722)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


SD EVENT MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A Simms
Ms O Farquharson
J Dougan





REGISTERED OFFICE: Suite 6 Alexander House
17a Ormeau Avenue
Belfast
BT2 8HD





REGISTERED NUMBER: NI619722 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

SD EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: NI619722)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,367 75,694

CURRENT ASSETS
Debtors 5 1,743,258 1,148,286
Cash at bank 3,032,088 1,181,707
4,775,346 2,329,993
CREDITORS
Amounts falling due within one year 6 2,715,087 1,313,956
NET CURRENT ASSETS 2,060,259 1,016,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,153,626

1,091,731

PROVISIONS FOR LIABILITIES 23,342 14,382
NET ASSETS 2,130,284 1,077,349

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,130,184 1,077,249
SHAREHOLDERS' FUNDS 2,130,284 1,077,349

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 directors acknowledge their 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.

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.

SD EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: NI619722)

BALANCE SHEET - continued
31 DECEMBER 2023



The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:




A Simms - Director



Ms O Farquharson - Director


SD EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: NI619722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

SD Event Management Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In preparing these financial statements the director has made the following judgements:

Consider the recoverability of debtors and the need for impairment provisions. These considerations are undertaken regularly by the director, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

The director also considers the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


SD EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: NI619722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 116 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 78,597 11,925 4,127 94,649
Additions 26,824 12,700 - 39,524
Disposals - (11,925 ) - (11,925 )
At 31 December 2023 105,421 12,700 4,127 122,248
DEPRECIATION
At 1 January 2023 4,663 11,925 2,367 18,955
Charge for year 19,752 1,270 829 21,851
Eliminated on disposal - (11,925 ) - (11,925 )
At 31 December 2023 24,415 1,270 3,196 28,881
NET BOOK VALUE
At 31 December 2023 81,006 11,430 931 93,367
At 31 December 2022 73,934 - 1,760 75,694

SD EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: NI619722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 452,931 129,785
Amounts owed by group undertakings 483,879 299,945
Other debtors 806,448 718,556
1,743,258 1,148,286

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 35,758
Trade creditors 407,256 155,814
Amounts owed to group undertakings 420,534 55,550
Taxation and social security 514,698 117,355
Other creditors 1,372,599 949,479
2,715,087 1,313,956

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Simms.