Company registration number:
13412137
Amp & Deck Events Limited
Unaudited filleted financial statements
31 May 2024
Amp & Deck Events Limited
Contents
Directors and other information
Statement of financial position and notes to the financial statements
Amp & Deck Events Limited
Directors and other information
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Directors |
Mr Gary Yates |
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Mr Vincent Theobald |
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Company number |
13412137 |
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Registered office |
D C Business Centre |
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10 Charles Wood Road |
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Rash's Green |
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Dereham |
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NR19 1SX |
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Business address |
13 Hugh Way |
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Watton |
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Norfolk |
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IP25 6WN |
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Accountants |
Foster Knight |
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10 Charles Wood Road |
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Rash's Green |
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Dereham |
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Norfolk |
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NR19 1SX |
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Amp & Deck Events Limited
Statement of financial position
31 May 2024
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£ |
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£ |
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Fixed assets |
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11,180 |
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12,191 |
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_______ |
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_______ |
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Current assets |
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588 |
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2,337 |
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Creditors: amounts falling due within one year |
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(
14,730) |
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(
10,306) |
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_______ |
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_______ |
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Net current liabilities |
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(
14,142) |
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(
7,969) |
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_______ |
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_______ |
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Total assets less current liabilities |
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(
2,962) |
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4,222 |
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Creditors: amounts falling due after more than one year |
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(
1,823) |
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(
2,832) |
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Accruals and deferred income |
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(
714) |
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(
650) |
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_______ |
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_______ |
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Net (liabilities)/assets |
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(
5,499) |
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740 |
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_______ |
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_______ |
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Capital and reserves |
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(
5,499) |
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740 |
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_______ |
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_______ |
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Notes to the financial statements
Amp & Deck Events Limited
Year ended 31 May 2024
1.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023:
2
).
2.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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Year ended |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr Gary Yates |
(
4,931) |
(
1,226) |
1,151 |
(
5,006) |
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Mr Vincent Theobald |
(
4,913) |
(
1,000) |
907 |
(
5,006) |
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_______ |
_______ |
_______ |
_______ |
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(
9,844) |
(
2,226) |
2,058 |
(
10,012) |
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_______ |
_______ |
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_______ |
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Year ended |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr Gary Yates |
(
5,357) |
(
2,000) |
2,426 |
(
4,931) |
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Mr Vincent Theobald |
(
5,357) |
(
2,000) |
2,426 |
(4,931) |
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_______ |
_______ |
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_______ |
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(
10,714) |
(
4,000) |
4,852 |
(9,862) |
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_______ |
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3.
GOING CONCERN
The financial statements have been prepared on a going concern basis, notwithstanding the fact that the company's balance sheet as at 31.05.2024 shows net liabilities of £(5499) This indicates that the company’s liabilities exceed its assets, raising a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern. The directors have assessed the company’s financial position and have considered the following factors in forming their conclusion that the going concern basis remains appropriate: Support from Shareholders/Directosr: The owners of the business has supported the business with loans to the company totalling £8,000 with no fixed repayment terms and they have confirmated that they are willing to continue to support the business financially. Future Cash Flow Projections: While the company is making sufficent profit on their day to day trading they have been embroiled in a legal battle over the name of the company. Which has seen unforseen costs. these costs have been covered by the help of the owners/directors and once finished expect to be able to recover some of these costs. Banking Facilities: The company has secured access to overdraft facilities or other forms of external financing, which are expected to meet short-term liquidity requirements. Management Action: The directors have implemented cost-reduction measures and are pursuing new revenue opportunities that are expected to improve the company’s financial position over the coming months. While the directors acknowledge the existence of material uncertainties, they have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. For this reason, the financial statements have been prepared on a
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.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
29 March 2025
, and are signed on behalf of the board by:
Mr Gary Yates
Mr Vincent Theobald
Director
Director
Company registration number:
13412137
The company is a private company limited by shares, registered in England and Wales.