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COMPANY REGISTRATION NUMBER: 02664655
SMEA Events Limited
Unaudited Financial Statements
30 June 2024
SMEA Events Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Officers and professional advisers
1
Directors' report
2
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
4
Statement of income and retained earnings
5
Statement of financial position
6
Notes to the financial statements
7
SMEA Events Limited
Officers and Professional Advisers
The board of directors
MA Tomlinson
A Kirton-Vaughan
Dr C Mann
Dr PC Morgan
Dr NG Needham
R Ruddlestone
Company secretary
MA Tomlinson
Registered office
1 The Lawns
Sheffield
England
S11 9FL
Accountants
Allen, West and Foster
Chartered Accountants
Omega Court
364-366 Cemetery Road
Sheffield
S11 8FT
SMEA Events Limited
Directors' Report
Year ended 30 June 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 June 2024 .
Principal activities
The principal activites of the company are to engage in fund raising events to support the work of Sheffield Metallurgical and Engineering Association (SMEA).
Directors
The directors who served the company during the year were as follows:
MA Tomlinson
A Kirton-Vaughan
Dr C Mann
(Appointed 27 February 2024)
Dr PC Morgan
(Appointed 27 February 2024)
Dr NG Needham
(Appointed 27 February 2024)
R Ruddlestone
(Appointed 27 February 2024)
AP Backhouse
(Resigned 1 November 2023)
P Madin
(Resigned 1 November 2023)
Directors responsibilities
The directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and Applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 14 March 2025 and signed on behalf of the board by:
MA Tomlinson
Company Secretary
Registered office:
1 The Lawns
Sheffield
England
S11 9FL
SMEA Events Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of SMEA Events Limited
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SMEA Events Limited for the year ended 30 June 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of SMEA Events Limited, as a body, in accordance with the terms of our engagement letter dated 1 September 2017. Our work has been undertaken solely to prepare for your approval the financial statements of SMEA Events Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SMEA Events Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that SMEA Events Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SMEA Events Limited. You consider that SMEA Events Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of SMEA Events Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Allen, West and Foster Chartered Accountants
Omega Court 364-366 Cemetery Road Sheffield S11 8FT
14 March 2025
SMEA Events Limited
Statement of Income and Retained Earnings
Year ended 30 June 2024
2024
2023
Note
£
£
Turnover
18,874
5,283
Cost of sales
11,141
6,581
-------
------
Gross profit/(loss)
7,733
( 1,298)
Administrative expenses
1,271
1,038
------
------
Operating profit/(loss)
6,462
( 2,336)
------
------
Profit/(loss) before taxation
6,462
( 2,336)
Tax on profit/(loss)
------
------
Profit/(loss) for the financial year and total comprehensive income
6,462
( 2,336)
------
------
Retained earnings at the start of the year
407
2,743
------
------
Retained earnings at the end of the year
6,869
407
------
------
All the activities of the company are from continuing operations.
SMEA Events Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Current assets
Debtors
4
833
1,433
Cash at bank and in hand
10,558
1,439
-------
------
11,391
2,872
Creditors: amounts falling due within one year
5
4,517
2,460
-------
------
Net current assets
6,874
412
------
----
Total assets less current liabilities
6,874
412
------
----
Net assets
6,874
412
------
----
Capital and reserves
Called up share capital
6
5
5
Profit and loss account
6,869
407
------
----
Shareholders funds
6,874
412
------
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 March 2025 , and are signed on behalf of the board by:
A Kirton-Vaughan
Director
Company registration number: 02664655
SMEA Events Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 The Lawns, Sheffield, S11 9FL, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents amounts receivable by the company in the ordinary course of business in respect of the company's fund raising activities.
4. Debtors
2024
2023
£
£
Other debtors
833
1,433
----
------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
3,542
510
Other creditors
975
1,950
------
------
4,517
2,460
------
------
6. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
5
5
5
5
----
----
----
----
7. Controlling party
The company is a wholly owned subsidiary of Sheffield Metallurgical and Engineering Association (SMEA), a charitable company limited by guarantee and registered in England and Wales.