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REGISTERED NUMBER: 02018191 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MCIA EVENTS LIMITED

MCIA EVENTS LIMITED (REGISTERED NUMBER: 02018191)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MCIA EVENTS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: A D Campbell
F McAllan





SECRETARY: K A Pahnke





REGISTERED OFFICE: 1 Rye Hill Office Park
Birmingham Road Allesley
Coventry
West Midlands
CV5 9AB





REGISTERED NUMBER: 02018191 (England and Wales)





AUDITORS: Harrison Beale & Owen Limited
Chartered Accountants and Statutory Auditors
Seven Stars House
1 Wheler Road
Coventry
CV3 4LB

MCIA EVENTS LIMITED (REGISTERED NUMBER: 02018191)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 534,988 511,108
Cash at bank 127,811 97,015
662,799 608,123
CREDITORS
Amounts falling due within one year 5 627,085 691,075
NET CURRENT ASSETS/(LIABILITIES) 35,714 (82,952 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,714

(82,952

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 35,614 (83,052 )
SHAREHOLDERS' FUNDS 35,714 (82,952 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





A D Campbell - Director


MCIA EVENTS LIMITED (REGISTERED NUMBER: 02018191)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

MCIA Events 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

MCIA EVENTS LIMITED (REGISTERED NUMBER: 02018191)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,455 -
Tax - 43,558
VAT 90,576 35,015
Prepayments and accrued income 442,957 432,535
534,988 511,108

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,648 13,937
Amounts owed to group undertakings 572,528 651,412
Tax 8,873 -
Other creditors 10,392 11,202
Accrued expenses 15,644 14,524
627,085 691,075

6. CALLED UP SHARE CAPITAL

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

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

The Report of the Auditors was unqualified.

Gregg Olner MPhil BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Harrison Beale & Owen Limited

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £442,957 (2023 - £411,938).

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of The Motor Cycle Industry Association Limited.

The registered office and principal place of business of The Motor Cycle Industry Association Limited is 1 Rye Hill Office Park, Birmingham Road, Allesley, Coventry, CV5 9AB.