Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29No description of principal activity32023-02-28false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06814335 2023-02-28 2024-02-29 06814335 2022-03-01 2023-02-27 06814335 2024-02-29 06814335 2023-02-27 06814335 2022-03-01 06814335 c:Director1 2023-02-28 2024-02-29 06814335 c:Director2 2023-02-28 2024-02-29 06814335 c:RegisteredOffice 2023-02-28 2024-02-29 06814335 d:PlantMachinery 2023-02-28 2024-02-29 06814335 d:PlantMachinery 2024-02-29 06814335 d:PlantMachinery 2023-02-27 06814335 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-28 2024-02-29 06814335 d:FurnitureFittings 2023-02-28 2024-02-29 06814335 d:OfficeEquipment 2023-02-28 2024-02-29 06814335 d:OfficeEquipment 2024-02-29 06814335 d:OfficeEquipment 2023-02-27 06814335 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-28 2024-02-29 06814335 d:OwnedOrFreeholdAssets 2023-02-28 2024-02-29 06814335 d:CurrentFinancialInstruments 2024-02-29 06814335 d:CurrentFinancialInstruments 2023-02-27 06814335 d:Non-currentFinancialInstruments 2024-02-29 06814335 d:Non-currentFinancialInstruments 2023-02-27 06814335 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 06814335 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-27 06814335 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 06814335 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-27 06814335 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 06814335 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-27 06814335 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 06814335 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-27 06814335 d:ShareCapital 2024-02-29 06814335 d:ShareCapital 2023-02-27 06814335 d:RetainedEarningsAccumulatedLosses 2024-02-29 06814335 d:RetainedEarningsAccumulatedLosses 2023-02-27 06814335 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 06814335 d:AcceleratedTaxDepreciationDeferredTax 2023-02-27 06814335 d:TaxLossesCarry-forwardsDeferredTax 2024-02-29 06814335 d:TaxLossesCarry-forwardsDeferredTax 2023-02-27 06814335 c:OrdinaryShareClass1 2023-02-28 2024-02-29 06814335 c:OrdinaryShareClass1 2024-02-29 06814335 c:OrdinaryShareClass1 2023-02-27 06814335 c:FRS102 2023-02-28 2024-02-29 06814335 c:AuditExempt-NoAccountantsReport 2023-02-28 2024-02-29 06814335 c:FullAccounts 2023-02-28 2024-02-29 06814335 c:PrivateLimitedCompanyLtd 2023-02-28 2024-02-29 06814335 2 2023-02-28 2024-02-29 06814335 e:PoundSterling 2023-02-28 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06814335









EFFECTEVENT LTD.







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 FEBRUARY 2024

 
EFFECTEVENT LTD.
 
 
COMPANY INFORMATION


Directors
J C Carroll 
A M Williamson 




Registered number
06814335



Registered office
16 Endeavour Way

London

United Kingdom

SW19 8UH




Accountants
Donald Reid Limited

18a/20 King Street

Maidenhead

Berkshire

SL6 1EF





 
EFFECTEVENT LTD.
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 11


 
EFFECTEVENT LTD.
REGISTERED NUMBER: 06814335

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
27 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,574
15,836

  
9,574
15,836

Current assets
  

Debtors: amounts falling due within one year
 5 
222,936
209,653

Cash at bank and in hand
 6 
3,964
66,263

  
226,900
275,916

Creditors: amounts falling due within one year
 7 
(14,273)
(38,417)

Net current assets
  
 
 
212,627
 
 
237,499

Total assets less current liabilities
  
222,201
253,335

Creditors: amounts falling due after more than one year
 8 
(19,062)
(29,098)

Provisions for liabilities
  

Deferred tax
 10 
-
(3,959)

  
 
 
-
 
 
(3,959)

Net assets
  
203,139
220,278


Capital and reserves
  

Called up share capital 
 11 
2
2

Profit and loss account
  
203,137
220,276

  
203,139
220,278


Page 1

 
EFFECTEVENT LTD.
REGISTERED NUMBER: 06814335
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider 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 directors acknowledge their 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 income and retained earnings 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 27 November 2024.




A M Williamson
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
EFFECTEVENT LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.


General information

Effectevent Ltd. is a private company limited by shares. The company was incorporated in the United Kingdom and is registered in England and Wales. The registration number is 06814335. The registered office address is 16 Endeavour Way, London, United Kingdom, SW19 8UH.

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

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:

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
EFFECTEVENT LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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.

Page 4

 
EFFECTEVENT LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Fixtures and fittings
-
33%
straight line
Office equipment
-
33%
straight line

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.

 
2.10

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.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

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.

 
2.13

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Page 5

 
EFFECTEVENT LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Page 6

 
EFFECTEVENT LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 3).



4.


Tangible fixed assets







Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 28 February 2023
140,109
8,770
148,879



At 29 February 2024

140,109
8,770
148,879



Depreciation


At 28 February 2023
125,195
7,848
133,043


Charge for the period on owned assets
5,358
904
6,262



At 29 February 2024

130,553
8,752
139,305



Net book value



At 29 February 2024
9,556
18
9,574



At 27 February 2023
14,914
922
15,836


5.


Debtors

29 February
27 February
Page 7

 
EFFECTEVENT LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

5.Debtors (continued)

2024
2023
£
£


Trade debtors
360
92,008

Amounts owed by group undertakings
203,569
101,250

Other debtors
18,870
16,175

Prepayments and accrued income
137
220

222,936
209,653



6.


Cash and cash equivalents

29 February
27 February
2024
2023
£
£

Cash at bank and in hand
3,964
66,263

3,964
66,263



7.


Creditors: Amounts falling due within one year

29 February
27 February
2024
2023
£
£

Bank loans
10,036
9,788

Trade creditors
36
379

Corporation tax
-
26,140

Other taxation and social security
-
9

Other creditors
101
101

Accruals and deferred income
4,100
2,000

14,273
38,417


Page 8

 
EFFECTEVENT LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

8.


Creditors: Amounts falling due after more than one year

29 February
27 February
2024
2023
£
£

Bank loans
19,062
29,098

19,062
29,098



9.


Loans


Analysis of the maturity of loans is given below:


29 February
27 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
10,036
9,788


10,036
9,788

Amounts falling due 1-2 years

Bank loans
10,290
10,036


10,290
10,036

Amounts falling due 2-5 years

Bank loans
8,772
19,062


8,772
19,062


29,098
38,886



10.


Deferred taxation

Page 9

 
EFFECTEVENT LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024
 
10.Deferred taxation (continued)






2024
2023


£

£






At beginning of year
(3,959)
(3,165)


Charged to profit or loss
3,959
(794)



At end of year
-
(3,959)

The deferred taxation balance is made up as follows:

29 February
27 February
2024
2023
£
£


Accelerated capital allowances
(2,394)
(3,959)

Tax losses carried forward
2,394
-

-
(3,959)


11.


Share capital

29 February
27 February
2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



12.


Transactions with directors

During the year advances were made to the director totalling £Nil (2023: £10,000). Repayments were
made during the year totalling £Nil 
(2023: £Nil).

Page 10

 
EFFECTEVENT LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

13.


Related party transactions

At the year-end, included in other debtors is £10,000 (2023: £10,000) owed to the company by the directors. 
At the year end, included in other creditors, is an amount of £101 (
2023: £101) owed to the directors by the company. The loans are interest free and repayable on demand.
The company has taken exemption from disclosing related party transactions between wholly owned
group members under paragraph 33.1A of FRS 102.

 
Page 11