5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07869011 2023-04-01 2024-03-31 07869011 2024-03-31 07869011 2023-03-31 07869011 2021-11-01 2023-03-31 07869011 2023-03-31 07869011 2021-10-31 07869011 core:PlantMachinery 2023-04-01 2024-03-31 07869011 bus:Director1 2023-04-01 2024-03-31 07869011 bus:Director2 2023-04-01 2024-03-31 07869011 core:PlantMachinery 2023-03-31 07869011 core:MotorVehicles 2023-03-31 07869011 core:PlantMachinery 2024-03-31 07869011 core:MotorVehicles 2024-03-31 07869011 core:MotorVehicles 2023-04-01 2024-03-31 07869011 core:WithinOneYear 2024-03-31 07869011 core:WithinOneYear 2023-03-31 07869011 core:ShareCapital 2024-03-31 07869011 core:ShareCapital 2023-03-31 07869011 core:RetainedEarningsAccumulatedLosses 2024-03-31 07869011 core:RetainedEarningsAccumulatedLosses 2023-03-31 07869011 bus:SmallEntities 2023-04-01 2024-03-31 07869011 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07869011 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07869011 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07869011 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 07869011
Event Higher Limited
Filleted Unaudited Financial Statements
31 March 2024
Event Higher Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Event Higher Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
14,850
Current assets
Debtors
6
15,197
7,916
Cash at bank and in hand
6,858
14,531
--------
--------
22,055
22,447
Creditors: amounts falling due within one year
7
28,435
19,914
--------
--------
Net current (liabilities)/assets
( 6,380)
2,533
--------
-------
Total assets less current liabilities
8,470
2,533
-------
-------
Net assets
8,470
2,533
-------
-------
Event Higher Limited
Statement of Financial Position (continued)
31 March 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
60
60
Profit and loss account
8,410
2,473
-------
-------
Members funds
8,470
2,533
-------
-------
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 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 October 2024 , and are signed on behalf of the board by:
S Baldwin
C M Stevens
Director
Director
Company registration number: 07869011
Event Higher Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Swn Yr Awel, Rhymney Bridge, Tredegar, Caerphilly, NP22 5QT, Wales. The company's accounting reference date was changed for the previous financial statements to be coterminous with the fiscal year. The previous financial statements were for a seventeen month period and therefore the comparatives are not entirely comparable with this year's twelve month period.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents net invoiced sales for goods and services. Revenue is recognised at the inception of each hire contract.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Motor vehicles
-
25% and 100% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Defined contribution pension plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023
9,000
21,600
30,600
Additions
16,500
16,500
--------
--------
--------
At 31 March 2024
25,500
21,600
47,100
--------
--------
--------
Depreciation
At 1 April 2023
9,000
21,600
30,600
Charge for the year
1,650
1,650
--------
--------
--------
At 31 March 2024
10,650
21,600
32,250
--------
--------
--------
Carrying amount
At 31 March 2024
14,850
14,850
--------
--------
--------
At 31 March 2023
--------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
3,657
5,995
Other debtors
11,540
1,921
--------
-------
15,197
7,916
--------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,137
1,708
Social security and other taxes
553
27
Other creditors
23,745
18,179
--------
--------
28,435
19,914
--------
--------