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Registration number: 07040721

Double Seven Events Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Double Seven Events Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Double Seven Events Limited

Company Information

Director

Mr RG Mullins

Registered office

4 Endowood Road
Millhouses
Sheffield
South Yorkshire
S7 2LZ

Accountants

Cameron Alexander Accountants Ltd
Chartered Certified Accountants
2 Western Street
Barnsley
South Yorkshire
S70 2BP

 

Double Seven Events Limited

(Registration number: 07040721)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,024

10,574

Current assets

 

Debtors

5

30,371

21,822

Cash at bank and in hand

 

3,362

1,886

 

33,733

23,708

Creditors: Amounts falling due within one year

6

(61,618)

(58,507)

Net current liabilities

 

(27,885)

(34,799)

Total assets less current liabilities

 

(19,861)

(24,225)

Creditors: Amounts falling due after more than one year

6

(3,221)

(7,000)

Net liabilities

 

(23,082)

(31,225)

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

(23,084)

(31,227)

Shareholders' deficit

 

(23,082)

(31,225)

For the financial year ending 30 April 2024 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.

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 24 January 2025
 

.........................................
Mr RG Mullins
Director

 

Double Seven Events Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

1

Accounting policies

Statement of compliance

These 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 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 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 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

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

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:

 

Double Seven Events Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

Asset class

Depreciation method and rate

Plant and machinery etc

- 25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Leasing and hire purchase contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Double Seven Events Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

3

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

17,000

17,000

At 30 April 2024

17,000

17,000

Amortisation

At 1 May 2023

17,000

17,000

At 30 April 2024

17,000

17,000

Carrying amount

At 30 April 2024

-

-

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

9,028

24,190

33,218

Additions

166

-

166

Disposals

(108)

-

(108)

At 30 April 2024

9,086

24,190

33,276

Depreciation

At 1 May 2023

7,171

15,473

22,644

Charge for the year

482

2,179

2,661

Eliminated on disposal

(53)

-

(53)

At 30 April 2024

7,600

17,652

25,252

Carrying amount

At 30 April 2024

1,486

6,538

8,024

At 30 April 2023

1,857

8,717

10,574

 

Double Seven Events Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

26,376

15,912

Prepayments

428

298

Other debtors

3,567

5,612

 

30,371

21,822

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

798

150

Taxation and social security

4,385

2,321

Accruals and deferred income

28,226

14,566

Other creditors

24,429

37,690

HP and finance lease liabilities

3,780

3,780

61,618

58,507

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

3,221

7,000

 

Double Seven Events Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

3,221

7,000

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

3,780

3,780

9

Related party transactions

Transactions with the director

2024

At 1 May 2023
£

Advances to director
£

At 30 April 2024
£

Mr RG Mullins

No interest is charged on the loan and there is no fixed date of repayment

36,923

(14,677)

22,245

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Mr RG Mullins

No interest is charged on the loan and there is no fixed date of repayment

33,002

(4,440)

8,361

36,923