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Company Registration No. 11251562 (England and Wales)
Polygon Events Limited Unaudited accounts for the year ended 31 March 2024
Polygon Events Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
307 
374 
Tangible assets
976 
1,302 
1,283 
1,676 
Current assets
Debtors
12,665 
11,463 
Cash at bank and in hand
16,346 
14,205 
29,011 
25,668 
Creditors: amounts falling due within one year
(19,950)
(14,248)
Net current assets
9,061 
11,420 
Total assets less current liabilities
10,344 
13,096 
Provisions for liabilities
Deferred tax
(243)
(318)
Net assets
10,101 
12,778 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,001 
12,678 
Shareholders' funds
10,101 
12,778 
For the year ending 31 March 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by
Alastair Ruxton Director Company Registration No. 11251562
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Polygon Events Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Polygon Events Limited is a private company, limited by shares, registered in England and Wales, registration number 11251562. The registered office is Pavilion Cottage, Eastfield Lane, Whitchurch on Thames, Reading, RG8 7EJ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
16.67%
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2023
670 
At 31 March 2024
670 
Amortisation
At 1 April 2023
296 
Charge for the year
67 
At 31 March 2024
363 
Net book value
At 31 March 2024
307 
At 31 March 2023
374 
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Polygon Events Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
1,958 
At 31 March 2024
1,958 
Depreciation
At 1 April 2023
656 
Charge for the year
326 
At 31 March 2024
982 
Net book value
At 31 March 2024
976 
At 31 March 2023
1,302 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 A Ordinary Shares of £1 each
50 
50 
50 B Ordinary Shares of £1 each
50 
50 
100 
100 
7
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
6,922 
7,551 
Later than one year and not later than five years
- 
6,922 
6,922 
14,473 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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