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REGISTERED NUMBER: 03238686 (England and Wales)















Audited Financial Statements for the Year Ended 30 April 2024

for

EVENT INSURANCE SERVICES LIMITED

EVENT INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 03238686)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EVENT INSURANCE SERVICES LIMITED

Company Information
for the year ended 30 April 2024







DIRECTORS: P D S Jones
P J Telling
D Rose





REGISTERED OFFICE: 11 Laura Place
Bath
Somerset
BA2 4BL





REGISTERED NUMBER: 03238686 (England and Wales)





AUDITORS: Richardson Swift Audit Ltd
Chartered Accountants
Statutory Auditor
11 Laura Place
Bath
BA2 4BL

EVENT INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 03238686)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 328,182 223,782

CURRENT ASSETS
Debtors: amounts falling due within one
year

5

489,271

381,664
Debtors: amounts falling due after more
than one year

5

135,264

195,444
Cash at bank and in hand 475,970 498,403
1,100,505 1,075,511
CREDITORS
Amounts falling due within one year 6 677,826 516,831
NET CURRENT ASSETS 422,679 558,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

750,861

782,462

CREDITORS
Amounts falling due after more than one
year

7

(133,409

)

(220,363

)

PROVISIONS FOR LIABILITIES 9 (62,355 ) (41,814 )
NET ASSETS 555,097 520,285

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 554,997 520,185
SHAREHOLDERS' FUNDS 555,097 520,285

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:




P D S Jones - Director



P J Telling - Director


EVENT INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 03238686)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Event Insurance Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the
provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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:

Revenue is recognised when the policy is taken out.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - 10 - 20% on cost
Plant & machinery - 33% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

EVENT INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 03238686)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant & and
leasehold machinery fittings
£    £    £   
COST
At 1 May 2023 81,118 483 13,144
Additions - - 501
Disposals (24,980 ) - (1,612 )
At 30 April 2024 56,138 483 12,033
DEPRECIATION
At 1 May 2023 77,409 483 10,391
Charge for year 2,474 - 1,718
Eliminated on disposal (24,980 ) - (1,564 )
At 30 April 2024 54,903 483 10,545
NET BOOK VALUE
At 30 April 2024 1,235 - 1,488
At 30 April 2023 3,709 - 2,753

EVENT INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 03238686)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 220,573 263,647 578,965
Additions - 228,039 228,540
Disposals - (22,031 ) (48,623 )
At 30 April 2024 220,573 469,655 758,882
DEPRECIATION
At 1 May 2023 68,929 197,971 355,183
Charge for year 55,143 60,704 120,039
Eliminated on disposal - (17,978 ) (44,522 )
At 30 April 2024 124,072 240,697 430,700
NET BOOK VALUE
At 30 April 2024 96,501 228,958 328,182
At 30 April 2023 151,644 65,676 223,782

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 210,911 191,638
Other debtors 190,778 131,838
Directors' current accounts 29,908 -
Prepayments and accrued income 57,674 58,188
489,271 381,664

Amounts falling due after more than one year:
Other debtors 135,264 195,444

Aggregate amounts 624,535 577,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 55,556 55,556
Hire purchase contracts 34,325 34,325
Trade creditors 46,946 25,126
Corporation tax 81,990 44,617
Social security and other taxes 30,748 92,049
Other creditors 250,738 242,862
Accruals and deferred income 177,523 22,296
677,826 516,831

EVENT INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 03238686)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 13,889 66,518
Hire purchase contracts 119,520 153,845
133,409 220,363

8. SECURED DEBTS

The hire purchase liabilities are secured on the assets to which they relate.

The bank loan is guaranteed by the UK Government under the Coronavirus Large Business Interruption Loan Scheme.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 62,355 41,814

Deferred
tax
£   
Balance at 1 May 2023 41,814
Accelerated capital allowances 20,541
Balance at 30 April 2024 62,355

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Edwards BSc FCA (Senior Statutory Auditor)
for and on behalf of Richardson Swift Audit Ltd

12. OTHER FINANCIAL COMMITMENTS

The company had commitments under operating leases totalling £111,800 at the balance sheet date (2023: £8,600).

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the directors owed the company £29,908 (2023: £Nil)

EVENT INSURANCE SERVICES LIMITED (REGISTERED NUMBER: 03238686)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

14. SIGNIFICANT JUDGEMENTS AND ESTIMATES

An element of the profit share receivable relates to the third party underwriter's best estimate as at the balance sheet date and has been assessed by the directors. This is included in the accounts in debtors and income.

No other significant judgements or estimates have had to be made by the directors in preparing the financial statements.