BD Events Ltd
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 12188394 (England and Wales)
BD Events Ltd
Company Information
Directors
Mr A Topham
Mr J Topham
Company number
12188394
Registered office
Eastcourt Farm,
Malmesbury,
Wiltshire,
United Kingdom
SN16 9RZ
Business address
Eastcourt Farm
Eastcourt Farm
Malmesbury
Wiltshire
United Kingdom
SN16 9RZ
BD Events Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BD Events Ltd
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
-
0
Tangible assets
4
-
0
-
0
-
0
-
0
Current assets
Work in progress
-
100
Debtors
5
10,339
164,920
Cash at bank and in hand
9,477
25,255
19,816
190,275
Creditors: amounts falling due within one year
6
(3,940,282)
(4,129,918)
Net current liabilities
(3,920,466)
(3,939,643)
Capital and reserves
Called up share capital
7
100
-
0
Profit and loss reserves
(3,920,566)
(3,939,643)
Total equity
(3,920,466)
(3,939,643)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 27 February 2025 and are signed on its behalf by:
Mr A Topham
Director
Company Registration No. 12188394
BD Events Ltd
Notes to the Financial Statements
For the year ended 31 December 2023
Page 2
1
Accounting policies
Company information

BD Events Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Eastcourt Farm, Eastcourt Farm, Malmesbury, Wiltshire, United Kingdom, SN16 9RZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been prepared on a basis other than going concern. The company entered into administration on 11 July 2022 and is in the process of finalising a company voluntary agreement. Once this has been finalised the directors intend to liquidate the company.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Intangible fixed assets other than goodwill
Patents & licences
3 years straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

BD Events Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 3
1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
BD Events Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 4
3
Intangible fixed assets
Other
£
Cost
At 1 January 2023
30,900
Disposals
(30,900)
At 31 December 2023
-
0
Amortisation and impairment
At 1 January 2023
30,900
Disposals
(30,900)
At 31 December 2023
-
0
Carrying amount
At 31 December 2023
-
0
At 31 December 2022
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
111,224
Disposals
(111,224)
At 31 December 2023
-
0
Depreciation and impairment
At 1 January 2023
111,224
Eliminated in respect of disposals
(111,224)
At 31 December 2023
-
0
Carrying amount
At 31 December 2023
-
0
At 31 December 2022
-
0
BD Events Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 5
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
10,339
150,000
Prepayments and accrued income
-
0
14,920
10,339
164,920
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
333,741
521,014
Taxation and social security
-
0
56,813
Other creditors
3,606,541
3,552,091
3,940,282
4,129,918
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
10,000
10,000
100
100
8
Related party transactions

At the year end, an amount of £68,086 (2022: £12,000) was owed to the directors of the company.

9
Parent company

As at the year end there was no ultimate controlling party

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