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REGISTERED NUMBER: 10026119 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

County Events Limited

County Events Limited (Registered number: 10026119)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


County Events Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: S R Weir





REGISTERED OFFICE: 100 Ounsdale Road
Wombourne
Wolverhampton
West Midlands
WV5 8BU





REGISTERED NUMBER: 10026119 (England and Wales)





ACCOUNTANTS: Pride Accountants
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

County Events Limited (Registered number: 10026119)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,675 70,963

CURRENT ASSETS
Stocks 15,655 14,555
Debtors 5 - 10,240
Cash at bank and in hand 339,863 277,189
355,518 301,984
CREDITORS
Amounts falling due within one year 6 116,232 145,558
NET CURRENT ASSETS 239,286 156,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,961

227,389

CREDITORS
Amounts falling due after more than one
year

7

(17,500

)

(27,500

)

PROVISIONS FOR LIABILITIES 10 (14,056 ) (12,915 )
NET ASSETS 266,405 186,974

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 266,404 186,973
SHAREHOLDERS' FUNDS 266,405 186,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

County Events Limited (Registered number: 10026119)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2025 and were signed by:





S R Weir - Director


County Events Limited (Registered number: 10026119)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

County Events Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

County Events Limited (Registered number: 10026119)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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 37 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2023 40,892 76,112 117,004
Additions 7,271 - 7,271
At 31 May 2024 48,163 76,112 124,275
DEPRECIATION
At 1 June 2023 20,752 25,289 46,041
Charge for year 6,853 12,706 19,559
At 31 May 2024 27,605 37,995 65,600
NET BOOK VALUE
At 31 May 2024 20,558 38,117 58,675
At 31 May 2023 20,140 50,823 70,963

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 10,240

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 13,604 -
Taxation and social security 81,803 39,664
Other creditors 10,825 95,894
116,232 145,558

County Events Limited (Registered number: 10026119)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 17,500 27,500

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year 35,000 35,000
Between one and five years 140,000 140,000
In more than five years - 35,000
175,000 210,000

9. SECURED DEBTS

Marstons Plc hold an personal guarantee from the director in respect of outstanding payments under the terms of the lease.

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 14,056 12,915

Deferred
tax
£   
Balance at 1 June 2023 12,915
Provided during year 1,141
Balance at 31 May 2024 14,056

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S R Weir.