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REGISTERED NUMBER: 03294098 (England and Wales)

















FTF WORLDWIDE EVENT MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024






FTF WORLDWIDE EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: 03294098)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


FTF WORLDWIDE EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: 03294098)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 280,237 239,520

CURRENT ASSETS
Stocks 310,490 202,020
Debtors 5 26,420 77,303
Cash at bank and in hand 1,998 627
338,908 279,950
CREDITORS
Amounts falling due within one year 6 258,457 180,651
NET CURRENT ASSETS 80,451 99,299
TOTAL ASSETS LESS CURRENT
LIABILITIES

360,688

338,819

CREDITORS
Amounts falling due after more than one
year

7

(194,284

)

(141,945

)

PROVISIONS FOR LIABILITIES (53,245 ) (45,509 )
NET ASSETS 113,159 151,365

CAPITAL AND RESERVES
Called up share capital 46,200 46,200
Retained earnings 66,959 105,165
SHAREHOLDERS' FUNDS 113,159 151,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FTF WORLDWIDE EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: 03294098)

BALANCE SHEET - continued
28 FEBRUARY 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





C C Stonestreet - Director


FTF WORLDWIDE EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: 03294098)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

FTF Worldwide Event Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03294098

Registered office: Broad House
The Broadway
Old Hatfield
Herts
AL9 5BG

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.

Going concern
The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are again prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 equipment - 10% on cost

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
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


FTF WORLDWIDE EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: 03294098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 291,165
Additions 30,279
Grants 41,636
At 28 February 2024 363,080
DEPRECIATION
At 1 March 2023 51,645
Charge for year 31,198
At 28 February 2024 82,843
NET BOOK VALUE
At 28 February 2024 280,237
At 28 February 2023 239,520

FTF WORLDWIDE EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: 03294098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,993 73,547
Other debtors 15,427 3,756
26,420 77,303

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 161,736 68,648
Hire purchase contracts (see note 8) 1,208 4,663
Trade creditors 31,526 39,875
Taxation and social security 4,922 10,723
Other creditors 59,065 56,742
258,457 180,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 194,284 140,737
Hire purchase contracts (see note 8) - 1,208
194,284 141,945

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 1,208 4,663
Between one and five years - 1,208
1,208 5,871

Non-cancellable operating leases
2024 2023
£    £   
Within one year 18,221 11,500
Between one and five years - 3,104
18,221 14,604

FTF WORLDWIDE EVENT MANAGEMENT LIMITED (REGISTERED NUMBER: 03294098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

9. SECURED DEBTS

Bank loans are secured by a personal guarantee given by the director.

Hire purchase loans are secured over the assets on which they have been taken.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2024 and 28 February 2023:

2024 2023
£    £   
C C Stonestreet
Balance outstanding at start of year (12,601 ) (812 )
Amounts advanced 20,534 16,250
Amounts repaid (37,274 ) (28,039 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (29,341 ) (12,601 )