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REGISTERED NUMBER: 10321592 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2024

FOR

MANE EVENTS (SOUTH WEST) LTD

MANE EVENTS (SOUTH WEST) LTD (REGISTERED NUMBER: 10321592)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANE EVENTS (SOUTH WEST) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 JUNE 2024







DIRECTORS: Mr A P Beatty
Mrs L Beatty



REGISTERED OFFICE: Flat A
162 Avenue Road
Torquay
Devon
TQ2 5LQ



REGISTERED NUMBER: 10321592 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: NatWest
108 Union Street
Torquay
Devon
TQ2 5PZ

MANE EVENTS (SOUTH WEST) LTD (REGISTERED NUMBER: 10321592)

BALANCE SHEET
29 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,341 14,861

CURRENT ASSETS
Debtors 5 13,580 7,705
Cash at bank 5,182 15,721
18,762 23,426
CREDITORS
Amounts falling due within one year 6 24,641 35,571
NET CURRENT LIABILITIES (5,879 ) (12,145 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,462 2,716

CREDITORS
Amounts falling due after more than one
year

7

(3,858

)

(7,968

)

PROVISIONS FOR LIABILITIES (3,585 ) (2,824 )
NET ASSETS/(LIABILITIES) 6,019 (8,076 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,919 (8,176 )
SHAREHOLDERS' FUNDS 6,019 (8,076 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MANE EVENTS (SOUTH WEST) LTD (REGISTERED NUMBER: 10321592)

BALANCE SHEET - continued
29 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2025 and were signed on its behalf by:




Mr A P Beatty - Director



Mrs L Beatty - Director


MANE EVENTS (SOUTH WEST) LTD (REGISTERED NUMBER: 10321592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024


1. STATUTORY INFORMATION

Mane Events (South West) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed 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 laws that have been enacted or substantively enacted by the year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

MANE EVENTS (SOUTH WEST) LTD (REGISTERED NUMBER: 10321592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 June 2023 38,442 342 7,450 - 46,234
Additions 11,085 - - 2,913 13,998
Disposals (5,053 ) - - - (5,053 )
At 29 June 2024 44,474 342 7,450 2,913 55,179
DEPRECIATION
At 30 June 2023 28,532 191 2,650 - 31,373
Charge for year 5,670 23 1,200 728 7,621
Eliminated on disposal (3,156 ) - - - (3,156 )
At 29 June 2024 31,046 214 3,850 728 35,838
NET BOOK VALUE
At 29 June 2024 13,428 128 3,600 2,185 19,341
At 29 June 2023 9,910 151 4,800 - 14,861

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,000 1,954
Amounts owed by associates - 510
Other debtors - 2,852
Prepayments 5,580 2,389
13,580 7,705

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,111 4,009
Amounts owed to associates 4,800 -
Tax 1,876 50
VAT 3,938 19,155
Directors' current accounts 784 10,177
Accruals and deferred income 6,667 -
Accrued expenses 2,465 2,180
24,641 35,571

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 3,858 7,968

MANE EVENTS (SOUTH WEST) LTD (REGISTERED NUMBER: 10321592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 June 2024 and 29 June 2023:

2024 2023
£    £   
Mr A P Beatty and Mrs L Beatty
Balance outstanding at start of year (10,177 ) 2,195
Amounts advanced 13,512 13,702
Amounts repaid (4,119 ) (26,074 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (784 ) (10,177 )

Loans are unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the period the company borrowed from Total Bounce Devon Limited, a company Mr A Beatty, Director, is also a Director of, at the year end the amount outstanding was £4,800. The loan is unsecured, interest free and repayable on demand.

10. BOUNCE BACK LOAN

The bank loan of £7,968 is a COVID-19 Bounce back loan which is guaranteed by the government and has a repayment term of 6 years.