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COMPANY REGISTRATION NUMBER: 11218195
Eventuate Productions Ltd
Filleted Unaudited Financial Statements
For the year ended
29 February 2024
Eventuate Productions Ltd
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
4,055
4,771
Current assets
Debtors
6
7,435
911
Cash at bank and in hand
15,420
257
--------
-------
22,855
1,168
Creditors: amounts falling due within one year
7
20,970
4,083
--------
-------
Net current assets/(liabilities)
1,885
( 2,915)
-------
-------
Total assets less current liabilities
5,940
1,856
Provisions
108
-------
-------
Net assets
5,832
1,856
-------
-------
Capital and reserves
Called up share capital
2
2
Profit and loss account
5,830
1,854
-------
-------
Shareholders funds
5,832
1,856
-------
-------
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 29 February 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 .
Eventuate Productions Ltd
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 27 November 2024 , and are signed on behalf of the board by:
Mr M Tooth
Director
Company registration number: 11218195
Eventuate Productions Ltd
Notes to the Financial Statements
Year ended 29 February 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 2 Chancery Lane, Wakefield, WF1 2SS, England.
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 and in sterling, which is the functional currency of the entity. Monetary amounts included in the financial statements are rounded to the nearest £.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements under FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts. These estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
Revenue recognition
Turnover comprises the sales value net of attributable VAT of work done in the period under contracts to supply goods and services to third parties.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Motor vehicles
-
15% reducing balance
Equipment
-
15% reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 March 2023 and 29 February 2024
1,500
4,279
4,032
9,811
-------
-------
-------
-------
Depreciation
At 1 March 2023
1,500
1,701
1,839
5,040
Charge for the year
387
329
716
-------
-------
-------
-------
At 29 February 2024
1,500
2,088
2,168
5,756
-------
-------
-------
-------
Carrying amount
At 29 February 2024
2,191
1,864
4,055
-------
-------
-------
-------
At 28 February 2023
2,578
2,193
4,771
-------
-------
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
7,350
Other debtors
85
911
-------
----
7,435
911
-------
----
Included in "Other debtors" is an amount of £85 (2023: £85) which the directors do not consider will be recovered within one year of the balance sheet date.
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
9,285
Social security and other taxes
1,753
Other creditors
9,932
4,083
--------
-------
20,970
4,083
--------
-------
Included in "Other creditors" is a balance of £9,932 (2023: £4,083) due to the directors. The balance is unsecured, interest free and repayable on demand.
8. Directors' advances, credits and guarantees
There are no transactions with the directors that require disclosure under section 413 of the Companies Act 2006.