H B EVENTS LTD
Registered number: 07687945
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 2 195,105 129,043
Cash at bank and in hand 876 27,127
195,981 156,170
Creditors: amounts falling due within one year 3 (55,892) (59,116)
Net current assets 140,089 97,054
Total assets less current liabilities 140,089 97,054
Creditors: amounts falling due after more than one year 4 (62,358) (32,269)
Net assets 77,731 64,785
Capital and reserves
Called up share capital 30 30
Profit and loss account 77,701 64,755
Shareholders' funds 77,731 64,785
verage number of employees - -
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR G HULL
Director
21/04/2025
H B EVENTS LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The company conitnues with the support of its directors.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Debtors 2024 2023
£ £
Trade debtors 1,040 520
Other debtors 194,065 128,523
195,105 129,043
3 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 42,345 42,345
Corporation tax 13,078 16,201
Other creditors 469 570
55,892 59,116
4 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 60,460 32,269
Directors loan 1,898 -
62,358 32,269
5 Related party transactions
Other debtors includes an amount of £191,465 due from companies in which the directors and shareholders have a controlling interest
6 Controlling party
The Ultimate controlling party is Mr A Benson and Mr G Hull by virtue of their 100% shareholding in the ordinary shares of the company
7
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