1 June 2023 false No description of principal activity Taxfiler 2024.6 10785779business:PrivateLimitedCompanyLtd2023-06-012024-05-31 107857792023-05-31 107857792023-06-012024-05-31 10785779business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 10785779business:FilletedAccounts2023-06-012024-05-31 107857792024-05-31 10785779business:Director22023-06-012024-05-31 10785779business:RegisteredOffice2023-06-012024-05-31 107857792023-05-31 10785779core:WithinOneYear2024-05-31 10785779core:WithinOneYear2023-05-31 10785779core:AfterOneYear2024-05-31 10785779core:AfterOneYear2023-05-31 10785779core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 10785779core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 10785779core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 10785779core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 10785779core:PreviouslyStatedAmount2024-05-31 10785779core:PreviouslyStatedAmount2023-05-31 10785779business:SmallEntities2023-06-012024-05-31 10785779countries:EnglandWales2023-06-012024-05-31 10785779core:PlantMachinery2023-06-012024-05-31 10785779core:FurnitureFittings2023-06-012024-05-31 10785779core:ComputerEquipment2023-06-012024-05-31 10785779core:OtherPropertyPlantEquipment2023-06-012024-05-31 10785779core:Goodwill2023-05-31 10785779core:Goodwill2024-05-31 10785779core:PlantMachinery2023-05-31 10785779core:FurnitureFittings2023-05-31 10785779core:ComputerEquipment2023-05-31 10785779core:PlantMachinery2024-05-31 10785779core:FurnitureFittings2024-05-31 10785779core:ComputerEquipment2024-05-31 107857792022-06-012023-05-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
PLATINUM ACE EVENTS LIMITED Company Information for the year ended 31 May 2024
Director
TANDOH, Gerald
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
- 3 -
PLATINUM ACE EVENTS LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
538 
538 
Tangible assets
88,735 
80,555 
89,273 
81,093 
Current assets
Debtors
5,005 
15,768 
Cash at bank and in hand
15,716 
10,486 
20,721 
26,254 
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)
Net assets
42,474 
19,263 
Capital and reserves
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
- 4 -
PLATINUM ACE EVENTS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 fixed assets
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 
£ 
Cost
At 1 June 2023
538 
At 31 May 2024
538 
Amortisation
At 1 June 2023
- 
At 31 May 2024
- 
Net book value
At 31 May 2024
538 
At 31 May 2023
538 
- 5 -
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 
Depreciation
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 
Net book value
At 31 May 2024
65,909 
20,803 
2,023 
88,735 
At 31 May 2023
54,658 
22,758 
3,139 
80,555 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,005 
15,768 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,188 
- 
Trade creditors
14,747 
27,301 
19,935 
27,301 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,861 
16,625 
Trade creditors
18,947 
23,381 
Loans from directors
20,777 
20,777 
47,585 
60,783 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -