The Events Company (U.K) Limited 08281405 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is that of events management Digita Accounts Production Advanced 6.30.9574.0 true true true 08281405 2022-12-01 2023-11-30 08281405 2023-11-30 08281405 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-11-30 08281405 core:CurrentFinancialInstruments 2023-11-30 08281405 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 08281405 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 08281405 core:FurnitureFittingsToolsEquipment 2023-11-30 08281405 core:MotorVehicles 2023-11-30 08281405 core:OtherPropertyPlantEquipment 2023-11-30 08281405 bus:SmallEntities 2022-12-01 2023-11-30 08281405 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08281405 bus:FilletedAccounts 2022-12-01 2023-11-30 08281405 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08281405 bus:RegisteredOffice 2022-12-01 2023-11-30 08281405 bus:Director1 2022-12-01 2023-11-30 08281405 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-12-01 2023-11-30 08281405 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08281405 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 08281405 core:MotorVehicles 2022-12-01 2023-11-30 08281405 core:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 08281405 core:PlantMachinery 2022-12-01 2023-11-30 08281405 1 2022-12-01 2023-11-30 08281405 countries:EnglandWales 2022-12-01 2023-11-30 08281405 2022-11-30 08281405 core:FurnitureFittingsToolsEquipment 2022-11-30 08281405 core:MotorVehicles 2022-11-30 08281405 core:OtherPropertyPlantEquipment 2022-11-30 08281405 2021-12-01 2022-11-30 08281405 2022-11-30 08281405 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-11-30 08281405 core:CurrentFinancialInstruments 2022-11-30 08281405 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 08281405 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 08281405 core:FurnitureFittingsToolsEquipment 2022-11-30 08281405 core:MotorVehicles 2022-11-30 08281405 core:OtherPropertyPlantEquipment 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08281405

The Events Company (U.K) Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 November 2023

 

The Events Company (U.K) Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Abridged Financial Statements

4 to 8

 

The Events Company (U.K) Limited

Company Information

Director

Mr Samuel Richard Newson

Registered office

Unit 1 Barons Court
Graceways
Whitehills Business Park
Blackpool
Lancashire
FY4 5GP

Accountants

Rawcliffe & Co Limited
Chartered Accountants
Unit 1 Barons Court
Graceways
Whitehills Business Park
Blackpool
Lancashire
FY4 5GP

 

The Events Company (U.K) Limited

(Registration number: 08281405)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

245,248

229,659

Current assets

 

Stocks

154,784

85,160

Debtors

5

600,904

790,708

Cash at bank and in hand

 

171,028

246,449

 

926,716

1,122,317

Prepayments and accrued income

 

4,810

13,060

Creditors: Amounts falling due within one year

(605,271)

(1,109,058)

Net current assets

 

326,255

26,319

Total assets less current liabilities

 

571,503

255,978

Creditors: Amounts falling due after more than one year

(349,456)

(113,988)

Provisions for liabilities

(56,432)

(43,635)

Accruals and deferred income

 

(26,749)

(2,000)

Net assets

 

138,866

96,355

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

138,766

96,255

Shareholders' funds

 

138,866

96,355

 

The Events Company (U.K) Limited

(Registration number: 08281405)
Abridged Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 November 2024
 

.........................................
Mr Samuel Richard Newson
Director

 

The Events Company (U.K) Limited

Notes to the Abridged Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 Barons Court
Graceways
Whitehills Business Park
Blackpool
Lancashire
FY4 5GP
United Kingdom

The principal place of business is:
11 Middleton Avenue
Fleetwood
Lancashire
FY7 8LT

These financial statements were authorised for issue by the director on 25 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is Sterling. All amounts have been rounded to the nearest whole pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

The Events Company (U.K) Limited

Notes to the Abridged Financial Statements for the Year Ended 30 November 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

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

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

Deferred corporation tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred corporation tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

Plant and machinery

25% reducing balance

Motor vehicles

30% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

The Events Company (U.K) Limited

Notes to the Abridged Financial Statements for the Year Ended 30 November 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

The Events Company (U.K) Limited

Notes to the Abridged Financial Statements for the Year Ended 30 November 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2022 - 5).

 

The Events Company (U.K) Limited

Notes to the Abridged Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

28,761

89,976

306,723

425,460

Additions

32,143

44,356

28,496

104,995

Disposals

-

(12,550)

-

(12,550)

At 30 November 2023

60,904

121,782

335,219

517,905

Depreciation

At 1 December 2022

14,377

54,281

127,593

196,251

Charge for the year

6,979

21,420

51,907

80,306

Eliminated on disposal

-

(3,900)

-

(3,900)

At 30 November 2023

21,356

71,801

179,500

272,657

Carrying amount

At 30 November 2023

39,548

49,981

155,719

245,248

At 30 November 2022

14,384

36,145

179,130

229,659

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary share class 1 of £1 each

100

100

100

100

       

7

Parent and ultimate parent undertaking

The ultimate controlling party is Mr Samuel Richard Newson by virtue of his ownership of 100% of the company's issued share capital..