Company registration number 13700323 (England and Wales)
FEAST STREAT - CORPORATE EVENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
FEAST STREAT - CORPORATE EVENTS LIMITED
COMPANY INFORMATION
Director
Mr R P McGillicuddy
Company number
13700323
Registered office
Unit E Brookmoor Industrial Estate
Moor Street
Brierley Hill
DY5 3TG
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
134 High Street
Stourbridge
West Midlands
DY8 1DS
FEAST STREAT - CORPORATE EVENTS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
FEAST STREAT - CORPORATE EVENTS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FEAST STREAT - CORPORATE EVENTS LIMITED FOR THE PERIOD ENDED 29 OCTOBER 2023
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Feast Streat - Corporate Events Limited for the period ended 29 October 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Feast Streat - Corporate Events Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Feast Streat - Corporate Events Limited and state those matters that we have agreed to state to the board of directors of Feast Streat - Corporate Events Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Feast Streat - Corporate Events Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Feast Streat - Corporate Events Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Feast Streat - Corporate Events Limited. You consider that Feast Streat - Corporate Events Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Feast Streat - Corporate Events Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
8 October 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
FEAST STREAT - CORPORATE EVENTS LIMITED
BALANCE SHEET
AS AT
29 OCTOBER 2023
29 October 2023
- 2 -
29 October 2023
30 October 2022
Notes
£
£
£
£
Current assets
Debtors
3
47,575
40,144
Cash at bank and in hand
1
47,576
40,144
Creditors: amounts falling due within one year
4
(10,562)
(8,114)
Net current assets
37,014
32,030
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
37,013
32,029
Total equity
37,014
32,030
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 29 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 8 October 2024
Mr R P McGillicuddy
Director
Company registration number 13700323 (England and Wales)
FEAST STREAT - CORPORATE EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2023
- 3 -
1
Accounting policies
Company information
Feast Streat - Corporate Events Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit E Brookmoor Industrial Estate, Moor Street, Brierley Hill, DY5 3TG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
1.3
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
FEAST STREAT - CORPORATE EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 OCTOBER 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
2022
Number
Number
Total
1
1
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
40,000
40,000
Other debtors
7,575
144
47,575
40,144
4
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
9,543
7,513
Other creditors
1,019
601
10,562
8,114
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
6
Directors' transactions
Description
% Rate
Opening balance
Closing balance
£
£
-
1
1
1
1