TWELVE EVENT MANAGEMENT LIMITED

Company Registration Number:
07202004 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

TWELVE EVENT MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

TWELVE EVENT MANAGEMENT LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 21,020 27,019
Total fixed assets: 21,020 27,019
Current assets
Debtors:   532,349 506,918
Cash at bank and in hand: 359,052 241,971
Total current assets: 891,401 748,889
Creditors: amounts falling due within one year:   (145,622) (95,210)
Net current assets (liabilities): 745,779 653,679
Total assets less current liabilities: 766,799 680,698
Provision for liabilities: (5,255) 0
Total net assets (liabilities): 761,544 680,698
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 761,543 680,697
Shareholders funds: 761,544 680,698

The notes form part of these financial statements

TWELVE EVENT MANAGEMENT LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 September 2024
and signed on behalf of the board by:

Name: Paul Joseph Moss
Status: Director

The notes form part of these financial statements

TWELVE EVENT MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the net invoiced value of goods and services, excluding value added tax

Tangible fixed assets and depreciation policy

Depreciarion is provided at the following rates calculated to write offf the cost of each asset over its estimated useful life ; Fixtures, fittings and equipment - 15% reducing balance basis Motor vehicles - 25% reducing balance basis

Other accounting policies

Taxation 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 the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantially enacted by the year end and that are expected to apply to the reversal of the timing difference.

TWELVE EVENT MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 35 30

TWELVE EVENT MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 65,746
At 28 February 2024 65,746
Depreciation
At 01 March 2023 38,727
Charge for year 5,999
At 28 February 2024 44,726
Net book value
At 28 February 2024 21,020
At 28 February 2023 27,019

TWELVE EVENT MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Related party transactions

Name of the related party: Twelve Restaurant
Relationship:
Partnership owned by the Directors
Description of the Transaction: During the year, the company purchased goods and services to the value of £502713 (£459968) from Twelve Restaurant, a partnership in which the Directors are the sole partners. The transactions were made on a normal trading basis.
£
Balance at 01 March 2023 505,568
Balance at 28 February 2024 531,250