Registered number
04830370
Forty2 Events Limited
Filleted Accounts
31 July 2024
Forty2 Events Limited
Registered number: 04830370
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 446,447 484,993
Investments 4 251,312 251,312
697,759 736,305
Current assets
Debtors 5 224,784 275,013
Cash at bank and in hand 7,084 66
231,868 275,079
Creditors: amounts falling due within one year 6 (174,620) (180,962)
Net current assets 57,248 94,117
Total assets less current liabilities 755,007 830,422
Creditors: amounts falling due after more than one year 7 (376,154) (454,989)
Net assets 378,853 375,433
Capital and reserves
Called up share capital 100 100
Profit and loss account 378,753 375,333
Shareholders' funds 378,853 375,433
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Batch
Director
Approved by the board on 19 November 2024
Forty2 Events Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% straight line
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 2
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 August 2023 488,645 174,536 663,181
At 31 July 2024 488,645 174,536 663,181
Depreciation
At 1 August 2023 122,316 55,872 178,188
Charge for the year 8,880 29,666 38,546
At 31 July 2024 131,196 85,538 216,734
Net book value
At 31 July 2024 357,449 88,998 446,447
At 31 July 2023 366,329 118,664 484,993
4 Investments
Other
investments
£
Cost
At 1 August 2023 251,312
At 31 July 2024 251,312
5 Debtors 2024 2023
£ £
Trade debtors 1,021 43,176
Other debtors 223,763 231,837
224,784 275,013
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 2,274
Trade creditors 824 1,031
Taxation and social security costs 44,553 18,611
Other creditors 129,243 159,046
174,620 180,962
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 260,681 274,183
Other creditors 115,473 180,806
376,154 454,989
8 Other information
Forty2 Events Limited is a private company limited by shares and incorporated in England. Its registered office is:
Stonebridge House
Chelmsford Road
Hatfield Heath
Essex
CM22 7BD
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