Company registration number SC392364 (Scotland)
DAB EVENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
DAB EVENTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
DAB EVENTS LTD
BALANCE SHEET
AS AT
29 MARCH 2024
29 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
801
1,353
Current assets
Debtors
4
94,187
119,338
Cash at bank and in hand
105,857
201,204
200,044
320,542
Creditors: amounts falling due within one year
5
(160,358)
(278,027)
Net current assets
39,686
42,515
Total assets less current liabilities
40,487
43,868
Creditors: amounts falling due after more than one year
6
(39,817)
(23,314)
Provisions for liabilities
(200)
(257)
Net assets
470
20,297
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
370
20,197
Total equity
470
20,297
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
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 period ended 29 March 2024 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 member has not required the company to obtain an audit of its financial statements for the period 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.
DAB EVENTS LTD
BALANCE SHEET (CONTINUED)
AS AT
29 MARCH 2024
29 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 March 2025 and are signed on its behalf by:
Mr D Stark
Director
DAB EVENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 MARCH 2024
- 3 -
1
Accounting policies
Company information
DAB Events Ltd is a private company, limited by shares, registered in Scotland. The company's registration number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).
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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Reporting period
The financial statements that have been presented are for eleven months and thirty days as per the directors discretion.
1.3
Turnover
Turnover represents net invoiced sales of tours and events, excluding value added tax.
1.4
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:
Computers
33.33% straight line method
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.
1.5
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 tax
Current or deferred taxation assets and liabilities are not discounted.
The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
DAB EVENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reserved 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 law that have been enacted or substantively enacted by the period 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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Computers
£
Cost
At 1 April 2023 and 29 March 2024
1,655
Depreciation and impairment
At 1 April 2023
302
Depreciation charged in the period
552
At 29 March 2024
854
Carrying amount
At 29 March 2024
801
At 31 March 2023
1,353
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
9,152
32,259
Corporation tax recoverable
32,897
32,897
Other debtors
52,138
54,182
94,187
119,338
DAB EVENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 MARCH 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
30,923
9,291
Other borrowings
12,000
12,000
Trade creditors
3,940
40,240
Corporation tax
86,525
70,431
Other taxation and social security
6,870
38,214
Other creditors
11,741
101,782
Accruals and deferred income
8,359
6,069
160,358
278,027
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
39,817
23,314
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100