Company Registration No. 10785779 (England and Wales)
PLATINUM ACE EVENTS LIMITED
Unaudited accounts
for the year ended 31 May 2024
PLATINUM ACE EVENTS LIMITED
Unaudited accounts
Contents
PLATINUM ACE EVENTS LIMITED
Company Information
for the year ended 31 May 2024
Company Number
10785779 (England and Wales)
Registered Office
Unit B05 Leyton Industrial Village
Argall Avenue
London
E10 7QP
England
Accountants
Connect Advisory Partners Ltd
Crown House
27 Old Gloucester Street,
London
WC1N 3AX
PLATINUM ACE EVENTS LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
88,735
80,555
Cash at bank and in hand
15,716
10,486
Creditors: amounts falling due within one year
(19,935)
(27,301)
Net current assets/(liabilities)
786
(1,047)
Total assets less current liabilities
90,059
80,046
Creditors: amounts falling due after more than one year
(47,585)
(60,783)
Called up share capital
1
1
Profit and loss account
42,473
19,262
Shareholders' funds
42,474
19,263
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
TANDOH, Gerald
Director
Company Registration No. 10785779
PLATINUM ACE EVENTS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
PLATINUM ACE EVENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10785779. The registered office is Unit B05 Leyton Industrial Village, Argall Avenue, London, E10 7QP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line method
Fixtures & fittings
20% Straight line method
Computer equipment
25% Straight line method
Other tangible fixed assets
25% Straight line method
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
PLATINUM ACE EVENTS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
72,877
60,786
4,465
138,128
Additions
39,293
17,655
-
56,948
At 31 May 2024
112,170
78,441
4,465
195,076
At 1 June 2023
18,219
38,028
1,326
57,573
Charge for the year
28,042
19,610
1,116
48,768
At 31 May 2024
46,261
57,638
2,442
106,341
At 31 May 2024
65,909
20,803
2,023
88,735
At 31 May 2023
54,658
22,758
3,139
80,555
Amounts falling due within one year
Trade debtors
5,005
15,768
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
14,747
27,301
8
Creditors: amounts falling due after more than one year
2024
2023
Trade creditors
18,947
23,381
Loans from directors
20,777
20,777
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).