8 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07401050 2023-01-01 2023-12-31 07401050 2023-12-31 07401050 2022-12-31 07401050 2022-01-01 2022-12-31 07401050 2022-12-31 07401050 2021-12-31 07401050 bus:Director5 2023-01-01 2023-12-31 07401050 core:WithinOneYear 2023-12-31 07401050 core:WithinOneYear 2022-12-31 07401050 core:AfterOneYear 2023-12-31 07401050 core:AfterOneYear 2022-12-31 07401050 core:ShareCapital 2023-12-31 07401050 core:ShareCapital 2022-12-31 07401050 core:RetainedEarningsAccumulatedLosses 2023-12-31 07401050 core:RetainedEarningsAccumulatedLosses 2022-12-31 07401050 bus:Director5 2022-12-31 07401050 bus:Director5 2023-12-31 07401050 bus:Director5 2021-12-31 07401050 bus:Director5 2022-12-31 07401050 bus:Director5 2022-01-01 2022-12-31 07401050 bus:SmallEntities 2023-01-01 2023-12-31 07401050 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07401050 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07401050 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07401050 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 07401050
Alterniq Events Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
Alterniq Events Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
52,662
36,147
Cash at bank and in hand
276,783
385,605
---------
---------
329,445
421,752
Creditors: amounts falling due within one year
6
185,199
205,817
---------
---------
Net current assets
144,246
215,935
---------
---------
Total assets less current liabilities
144,246
215,935
Creditors: amounts falling due after more than one year
7
19,080
28,871
---------
---------
Net assets
125,166
187,064
---------
---------
Capital and reserves
Called up share capital
90
90
Profit and loss account
125,076
186,974
---------
---------
Shareholders funds
125,166
187,064
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Alterniq Events Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 17 September 2024 , and are signed on behalf of the board by:
M Adams
Director
Company registration number: 07401050
Alterniq Events Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10-16 Tiller Road, Canary Wharf, London, E14 8PX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2022: 8 ).
5. Debtors
2023
2022
£
£
Trade debtors
32,420
16,584
Other debtors
20,242
19,563
--------
--------
52,662
36,147
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
37,997
19,035
Corporation tax
20,713
41,453
Social security and other taxes
48,325
42,363
Other creditors
68,164
92,966
---------
---------
185,199
205,817
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
19,080
28,871
--------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
M Adams
17,619
678
18,297
--------
----
--------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
M Adams
17,162
457
17,619
--------
----
--------
9. Controlling party
The company is a 57.6% subsidiary undertaking of Alterniq Limited, a company registered in England. The ultimate controlling party was M Adam, a director and shareholder of the company and the parent company.