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REGISTERED NUMBER: 08092936 (England and Wales)















Financial Statements for the Year Ended 28 December 2023

for

GS Events Limited

GS Events Limited (Registered number: 08092936)






Contents of the Financial Statements
for the Year Ended 28 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GS Events Limited

Company Information
for the Year Ended 28 December 2023







DIRECTORS: Miss N Haywood
G P Haywood





REGISTERED OFFICE: 65 - 67 Bold Street
Liverpool
L1 4EZ





REGISTERED NUMBER: 08092936 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

GS Events Limited (Registered number: 08092936)

Balance Sheet
28 December 2023

28.12.23 28.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,906 126,685

CURRENT ASSETS
Stocks 10,856 13,963
Debtors 5 600,450 340,749
Prepayments and accrued income - 10,000
Cash at bank and in hand 37,348 11,036
648,654 375,748
CREDITORS
Amounts falling due within one year 6 614,842 439,942
NET CURRENT ASSETS/(LIABILITIES) 33,812 (64,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,718

62,491

CREDITORS
Amounts falling due after more than
one year

7

(137,854

)

(26,830

)

PROVISIONS FOR LIABILITIES (24,848 ) (17,503 )
NET (LIABILITIES)/ASSETS (18,984 ) 18,158

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (19,084 ) 18,058
SHAREHOLDERS' FUNDS (18,984 ) 18,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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.

GS Events Limited (Registered number: 08092936)

Balance Sheet - continued
28 December 2023


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.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Miss N Haywood - Director


GS Events Limited (Registered number: 08092936)

Notes to the Financial Statements
for the Year Ended 28 December 2023

1. STATUTORY INFORMATION

GS Events Limited is a private company, limited by shares , registered in England and Wales. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover arises from the running of a licenced restaurant & wedding venue and is measured at the fair value of the consideration received or receivable, excluding discounts, rebated, value added tax and other sales taxes. Revenue is recognised upon sale of food and drink and when the restaurant is occupied as a venue.

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 etc - 33% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

GS Events Limited (Registered number: 08092936)

Notes to the Financial Statements - continued
for the Year Ended 28 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 34 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 December 2022 327,317
Additions 4,839
At 28 December 2023 332,156
DEPRECIATION
At 29 December 2022 200,632
Charge for year 21,618
At 28 December 2023 222,250
NET BOOK VALUE
At 28 December 2023 109,906
At 28 December 2022 126,685

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.12.23 28.12.22
£    £   
Trade debtors 8,443 (1,922 )
Amounts owed by associates 555,642 308,960
Other debtors 36,365 33,711
600,450 340,749

GS Events Limited (Registered number: 08092936)

Notes to the Financial Statements - continued
for the Year Ended 28 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.12.23 28.12.22
£    £   
Bank loans and overdrafts 41,040 27,882
Trade creditors 36,179 34,499
Amounts owed to associates 150,115 59,272
Taxation and social security 55,253 113,389
Other creditors 332,255 204,900
614,842 439,942

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.12.23 28.12.22
£    £   
Bank loans 137,854 26,830