Ow Events Limited 11919628 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Outside Event Management Digita Accounts Production Advanced 6.30.9574.0 true true 11919628 2023-04-01 2024-03-31 11919628 2024-03-31 11919628 bus:OrdinaryShareClass1 2024-03-31 11919628 core:CurrentFinancialInstruments 2024-03-31 11919628 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11919628 core:MotorVehicles 2024-03-31 11919628 core:OtherPropertyPlantEquipment 2024-03-31 11919628 bus:SmallEntities 2023-04-01 2024-03-31 11919628 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11919628 bus:AbridgedAccounts 2023-04-01 2024-03-31 11919628 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11919628 bus:RegisteredOffice 2023-04-01 2024-03-31 11919628 bus:Director1 2023-04-01 2024-03-31 11919628 bus:Director2 2023-04-01 2024-03-31 11919628 bus:Director3 2023-04-01 2024-03-31 11919628 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11919628 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11919628 core:MotorVehicles 2023-04-01 2024-03-31 11919628 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 11919628 core:PlantMachinery 2023-04-01 2024-03-31 11919628 countries:AllCountries 2023-04-01 2024-03-31 11919628 2023-03-31 11919628 core:MotorVehicles 2023-03-31 11919628 core:OtherPropertyPlantEquipment 2023-03-31 11919628 2022-04-01 2023-03-31 11919628 2023-03-31 11919628 bus:OrdinaryShareClass1 2023-03-31 11919628 core:CurrentFinancialInstruments 2023-03-31 11919628 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11919628 core:MotorVehicles 2023-03-31 11919628 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11919628

Ow Events Limited

trading as OW Events

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

Ow Events Limited

trading as OW Events

Contents

Company Information

1

Directors' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 7

 

Ow Events Limited

trading as OW Events

Company Information

Directors

Andrew Watson

Mr William Thomas Watson

Dewi Halcrow

Registered office

Oakwood Cottage School Hill
Napton
Southam
Warwickshire
CV47 8NN

Accountants

MK4 Accountants
14 Brook Dene
Winslow
Buckingham
Buckinghamshire
MK18 3FU

 

Ow Events Limited

trading as OW Events

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the abridged financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Andrew Watson

Mr William Thomas Watson

Dewi Halcrow

Principal activity

The principal activity of the company is Outside Event Management

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 14 June 2024 and signed on its behalf by:
 

.........................................
Andrew Watson
Director

.........................................
Mr William Thomas Watson
Director

.........................................
Dewi Halcrow
Director

 

Ow Events Limited

trading as OW Events

(Registration number: 11919628)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,280

24,762

Current assets

 

Debtors

5

750

750

Cash at bank and in hand

 

18,894

24,637

 

19,644

25,387

Creditors: Amounts falling due within one year

(33,206)

(34,770)

Net current liabilities

 

(13,562)

(9,383)

Total assets less current liabilities

 

9,718

15,379

Accruals and deferred income

 

(813)

(813)

Net assets

 

8,905

14,566

Capital and reserves

 

Called up share capital

6

300

300

Retained earnings

8,605

14,266

Shareholders' funds

 

8,905

14,566

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 14 June 2024 and signed on its behalf by:
 

.........................................
Andrew Watson
Director

 

Ow Events Limited

trading as OW Events

(Registration number: 11919628)
Abridged Balance Sheet as at 31 March 2024

.........................................
Mr William Thomas Watson
Director

.........................................
Dewi Halcrow
Director

 

Ow Events Limited

trading as OW Events

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
Oakwood Cottage School Hill
Napton
Southam
Warwickshire
CV47 8NN
United Kingdom

These financial statements were authorised for issue by the Board on 14 June 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.

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.

Tax

The tax expense for the period comprises current 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.

 

Ow Events Limited

trading as OW Events

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

The current income 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.

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

Plant & Equipment

20% 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.

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.

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.

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.

 

Ow Events Limited

trading as OW Events

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

-

39,374

39,374

Additions

1,000

2,920

3,920

At 31 March 2024

1,000

42,294

43,294

Depreciation

At 1 April 2023

-

14,612

14,612

Charge for the year

-

5,402

5,402

At 31 March 2024

-

20,014

20,014

Carrying amount

At 31 March 2024

1,000

22,280

23,280

At 31 March 2023

-

24,762

24,762

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

300

300

300

300