November Events Limited SC708807 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is that of event management. Digita Accounts Production Advanced 6.30.9574.0 true true SC708807 2022-10-01 2023-09-30 SC708807 2023-09-30 SC708807 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC708807 core:ShareCapital 2023-09-30 SC708807 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 SC708807 bus:SmallEntities 2022-10-01 2023-09-30 SC708807 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 SC708807 bus:FullAccounts 2022-10-01 2023-09-30 SC708807 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 SC708807 bus:RegisteredOffice 2022-10-01 2023-09-30 SC708807 bus:Director1 2022-10-01 2023-09-30 SC708807 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC708807 countries:Scotland 2022-10-01 2023-09-30 SC708807 2021-09-07 2022-09-30 SC708807 2022-09-30 SC708807 core:RetainedEarningsAccumulatedLosses 2022-09-30 SC708807 core:ShareCapital 2022-09-30 SC708807 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 iso4217:GBP xbrli:pure

Registration number: SC708807

November Events Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

(Registration number: SC708807)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

87,777

146,425

Creditors: Amounts falling due within one year

4

(42,119)

(62,333)

Net assets

 

45,658

84,092

Capital and reserves

 

Called up share capital

100

100

Retained earnings

45,558

83,992

Shareholders' funds

 

45,658

84,092

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 September 2024
 

Mr Jamie Glass
Director

   
     
 

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
3 Hill Street
Edinburgh
EH2 3JP
Scotland

These financial statements were authorised for issue by the director on 16 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received for the sale of entry to events managed by the business in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

499

926

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

15,000

Taxation and social security

 

41,120

40,656

Accruals and deferred income

 

500

750

Other creditors

 

-

5,001

 

42,119

62,333

 

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

6

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £800.00 (2022 - £251.00) per ordinary share

 

80,000

 

25,100