Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-312022-09-07falseEvent catering1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14342399 2022-09-06 14342399 2022-09-07 2023-03-31 14342399 2021-09-07 2022-09-06 14342399 2023-03-31 14342399 c:Director1 2022-09-07 2023-03-31 14342399 d:PlantMachinery 2022-09-07 2023-03-31 14342399 d:PlantMachinery 2023-03-31 14342399 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-07 2023-03-31 14342399 d:MotorVehicles 2022-09-07 2023-03-31 14342399 d:MotorVehicles 2023-03-31 14342399 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-07 2023-03-31 14342399 d:OwnedOrFreeholdAssets 2022-09-07 2023-03-31 14342399 d:CurrentFinancialInstruments 2023-03-31 14342399 d:Non-currentFinancialInstruments 2023-03-31 14342399 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14342399 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 14342399 d:ShareCapital 2023-03-31 14342399 d:RetainedEarningsAccumulatedLosses 2023-03-31 14342399 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 14342399 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 14342399 c:OrdinaryShareClass1 2022-09-07 2023-03-31 14342399 c:OrdinaryShareClass1 2023-03-31 14342399 c:FRS102 2022-09-07 2023-03-31 14342399 c:AuditExempt-NoAccountantsReport 2022-09-07 2023-03-31 14342399 c:FullAccounts 2022-09-07 2023-03-31 14342399 c:PrivateLimitedCompanyLtd 2022-09-07 2023-03-31 14342399 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 14342399 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 14342399 e:PoundSterling 2022-09-07 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14342399










SEVERN VALLEY EVENTS GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
SEVERN VALLEY EVENTS GROUP LIMITED
REGISTERED NUMBER: 14342399

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Tangible assets
 5 
95,839

  
95,839

Current assets
  

Debtors: amounts falling due within one year
 7 
44,843

  
44,843

Creditors: amounts falling due within one year
 8 
(112,494)

Net current (liabilities)/assets
  
 
 
(67,651)

Total assets less current liabilities
  
28,188

Creditors: amounts falling due after more than one year
 9 
(36,000)

  

Net (liabilities)/assets
  
(7,812)


Capital and reserves
  

Called up share capital 
 12 
1

Profit and loss account
  
(7,813)

  
(7,812)


Page 1

 
SEVERN VALLEY EVENTS GROUP LIMITED
REGISTERED NUMBER: 14342399
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 October 2024.




A L Woosnam
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SEVERN VALLEY EVENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Severn Valley Events Group Limited, 14342399, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Enterprise Hub, Cefn Mawr, Newtown, Powys, United Kingdom, SY16 3LD
The principal activity of the Company is bar hire. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. The Company has the continued financial support of the director.

Page 3

 
SEVERN VALLEY EVENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 4

 
SEVERN VALLEY EVENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
SEVERN VALLEY EVENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

2023
£

Wages and salaries
3,471

3,471


The average monthly number of employees, including directors, during the period was 1.

Page 6

 
SEVERN VALLEY EVENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


Additions
72,252
24,750
97,002



At 31 March 2023

72,252
24,750
97,002



Depreciation


Charge for the period on owned assets
750
413
1,163



At 31 March 2023

750
413
1,163



Net book value



At 31 March 2023
71,502
24,337
95,839


6.


Stocks





7.


Debtors

2023
£


Trade debtors
296

Other debtors
22,967

Prepayments and accrued income
18,205

Deferred taxation
3,375

44,843


Page 7

 
SEVERN VALLEY EVENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
£

Bank overdrafts
3,217

Payments received on account
10,597

Trade creditors
22,178

Obligations under finance lease and hire purchase contracts
9,000

Other creditors
65,502

Accruals and deferred income
2,000

112,494


The following liabilities were secured:

2023
£



Obligations under finance lease and hire purchase contracts
18,000

18,000

Details of security provided:

The hire purchase liabilities included in creditors due within one year are secured upon the assets to which they relate. 

Page 8

 
SEVERN VALLEY EVENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due after more than one year

2023
£

Net obligations under finance leases and hire purchase contracts
36,000

36,000


The following liabilities were secured:

2023
£



Net obligations under finance leases and hire purchase contracts
27,000

27,000

Details of security provided:

The hire purchase liabilities included in creditors due within one year are secured upon the assets to which they relate. 


10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
£


Within one year
9,000

Between 1-5 years
27,000

36,000

Page 9

 
SEVERN VALLEY EVENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

11.


Deferred taxation



2023


£






Charged to profit or loss
3,375



At end of year
3,375

The deferred tax asset is made up as follows:

2023
£


Accelerated capital allowances
23,960

Tax losses carried forward
(20,585)

3,375


12.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


On incorporation 1 Ordinary share was issued at par. 

 
Page 10