for the Period Ended 30 June 2024
Company Information - 3 | |
Report of the Directors - 4 | |
Balance sheet - 5 | |
Footnotes to the Balance Sheet - 7 |
for the Period Ended 30 June 2024
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The directors present their report with the financial statements of the company for the period ended 30 June 2024
Principal Activities
Additional information
Review of Business: In its first year, the company successfully launched operations and positioned itself in the competitive events and performing arts landscape. Key achievements include: Execution of a range of events, both large and small, which received positive feedback from clients. Establishment of partnerships with local performers, artists, and event venues, enhancing service quality and diversity. Building a solid client base, which has contributed to brand recognition and market visibility. The initial year was marked by the typical challenges faced by startups, including the need to balance investment in business development with revenue generation. Despite these hurdles, the company made significant strides in building its reputation and operational capability. Business Strategy and Future Outlook: The company’s strategy moving forward focuses on growth and diversification. Key priorities include: Expanding services to cover a wider range of event types and locations. Investing in marketing and digital strategies to enhance visibility and attract new clients. Strengthening relationships with corporate clients to secure long-term contracts. Enhancing the performing arts division by sourcing additional talent and offering innovative, customised performances. Exploring new opportunities in virtual and hybrid event solutions to adapt to evolving industry trends. The directors are confident that these initiatives will drive revenue growth and operational expansion in the coming years, with expectations of improved profitability as the business matures. Risks and Uncertainties: The company recognizes several risks that could impact its growth, including: Competition within the events management and performing arts sectors, which could pressure margins. Economic conditions that may affect client budgets and demand for events. Fluctuations in seasonal demand for services. Operational risks such as logistical challenges and talent availability. The directors are actively monitoring these risks and have put in place strategies to mitigate them, ensuring the company remains agile and adaptable. Conclusion: Overall, the first year of trading has been successful, with the company building a strong foundation for future growth. The directors remain optimistic about the company’s prospects and are committed to achieving continued success in the coming years.
Directors
The director(s) shown below were appointed to the company during the period
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
As at
13 months to 30 Jun 2024 £ |
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Creditors: amounts falling due within one year: |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 June 2024
for the Period Ended 30 June 2024