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REGISTERED NUMBER: SC388999 (Scotland)















ENCAP EVENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






ENCAP EVENTS LIMITED (REGISTERED NUMBER: SC388999)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENCAP EVENTS LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: Encap Ltd
N R Scott





SECRETARY: A L Scott





REGISTERED OFFICE: 16 Park Road
Giffnock
Glasgow
G46 7PF





REGISTERED NUMBER: SC388999 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

ENCAP EVENTS LIMITED (REGISTERED NUMBER: SC388999)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,493 16,940

CURRENT ASSETS
Debtors 5 185,201 89,069
Cash at bank 45,081 -
230,282 89,069
CREDITORS
Amounts falling due within one year 6 245,772 140,366
NET CURRENT LIABILITIES (15,490 ) (51,297 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,997

)

(34,357

)

CREDITORS
Amounts falling due after more than one
year

7

20,577

43,878
NET LIABILITIES (23,574 ) (78,235 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (23,674 ) (78,335 )
SHAREHOLDERS' FUNDS (23,574 ) (78,235 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

ENCAP EVENTS LIMITED (REGISTERED NUMBER: SC388999)

BALANCE SHEET - continued
31 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 25 September 2024 and were signed on its behalf by:





N R Scott - Director


ENCAP EVENTS LIMITED (REGISTERED NUMBER: SC388999)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Encap Events Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover comprises of the value of services provided by the company in the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold improvements - 33% on cost
Plant and machinery etc - 33% on cost, 25% on cost, 25% on reducing balance and 20% on reducing balance

Financial instruments
Basic financial instruments, including trade and other debtors, trade and other creditors, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current 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 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.

Going concern
The directors have prepared the accounts on a going concern basis, despite there being net liabilities at the balance sheet date, as the company has continued to trade and is meeting its liabilities as they fall due.

Hire purchase
Assets obtained under hire purchase contracts are capitalised in the balance sheet. These assets are initially recognised at transaction price and are depreciated over their estimated useful lives.The interest element of these obligations is charged to the profit and loss account over the relevant period using the effective interest rate method.The capital element of future payments is treated as a liability.

Government grants
Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate. Government grants in respect of capital expenditure are treated as deferred income and credited to the profit and loss account over the estimated useful life of the assets to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ENCAP EVENTS LIMITED (REGISTERED NUMBER: SC388999)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
Leasehold machinery
improvements etc Totals
£    £    £   
COST
At 1 January 2023 7,134 40,261 47,395
Additions - 3,270 3,270
Disposals - (697 ) (697 )
At 31 December 2023 7,134 42,834 49,968
DEPRECIATION
At 1 January 2023 4,756 25,699 30,455
Charge for year 2,378 5,228 7,606
Eliminated on disposal - (586 ) (586 )
At 31 December 2023 7,134 30,341 37,475
NET BOOK VALUE
At 31 December 2023 - 12,493 12,493
At 31 December 2022 2,378 14,562 16,940

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 99,630 51,210
Director's loan account 75,975 24,554
Tax recoverable 9,596 13,305
185,201 89,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,140 42,058
Other loans 229 -
Hire purchase contracts 13,580 6,030
Amounts owed to group undertakings 2,301 2,641
Taxation and social security 28,413 7,484
Other creditors 191,109 82,153
245,772 140,366

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 20,158 30,298
Other loans 419 -
Hire purchase contracts - 13,580
20,577 43,878

ENCAP EVENTS LIMITED (REGISTERED NUMBER: SC388999)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 13,580 19,610

Hire purchase creditors have security over related assets.

9. OTHER FINANCIAL COMMITMENTS

At 31 December 2023 the company was committed to making total payments under non-cancellable operating leases of £11,000 (2022, £23,000).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2023 one of the company's directors had received a loan from the company of £75,975 (2022, £24,554) on which interest was charged at the official rate of interest.