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Registered number: 12702828
Vesta Event Group Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Genio Accountants
33a Portsmouth Road
Southampton
Hampshire
SO19 9BA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12702828
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 107,546 157,420
107,546 157,420
CURRENT ASSETS
Debtors 5 10,062 23,406
Cash at bank and in hand 5,663 12,760
15,725 36,166
Creditors: Amounts Falling Due Within One Year 6 (148,769 ) (143,651 )
NET CURRENT ASSETS (LIABILITIES) (133,044 ) (107,485 )
TOTAL ASSETS LESS CURRENT LIABILITIES (25,498 ) 49,935
Creditors: Amounts Falling Due After More Than One Year 7 (38,795 ) (41,300 )
NET (LIABILITIES)/ASSETS (64,293 ) 8,635
CAPITAL AND RESERVES
Called up share capital 9 9 12
Profit and Loss Account (64,302 ) 8,623
SHAREHOLDERS' FUNDS (64,293) 8,635
Page 1
Page 2
For the year ending 31 March 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Audoire
Director
28th March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vesta Event Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12702828 . The registered office is 13 Marsh Lane, Southampton, SO14 3EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 33% reducing balance
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 148,599 64,719 100,413 1,946 315,677
Additions 5,073 - 47,287 - 52,360
Disposals (4,420 ) - - - (4,420 )
As at 31 March 2024 149,252 64,719 147,700 1,946 363,617
Depreciation
As at 1 April 2023 99,615 21,551 36,043 1,048 158,257
Provided during the period 48,516 14,375 37,219 648 100,758
Disposals (2,944 ) - - - (2,944 )
As at 31 March 2024 145,187 35,926 73,262 1,696 256,071
Net Book Value
As at 31 March 2024 4,065 28,793 74,438 250 107,546
As at 1 April 2023 48,984 43,168 64,370 898 157,420
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,688 21,367
Prepayments and accrued income 852 852
Other taxes and social security - 215
Net wages - 585
Called up share capital not paid 12 12
Amounts owed by other participating interests 510 375
10,062 23,406
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,354 13,287
Trade creditors 37,725 9,410
Other taxes and social security 970 -
VAT 23,475 18,628
Other creditors 8,701 -
Accruals and deferred income - 525
Directors' loan accounts 63,091 81,107
Amounts owed to other participating interests 8,453 20,694
148,769 143,651
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 38,795 41,300
38,795 41,300
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,354 13,287
Later than one year and not later than five years 38,795 41,300
45,149 54,587
45,149 54,587
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 12 12
Called Up Share Capital has been paid up (3) -
Amount of Allotted, Called Up Share Capital 9 12
Page 5