2023-07-012024-06-302024-06-30false11749924OPEN SOURCE EVENTS 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OPEN SOURCE EVENTS LTD

Registered Number
11749924
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

OPEN SOURCE EVENTS LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

ABUKALAM, Danny
JONES, Nicholas Peter

Registered Address

86-90 Paul Street
London
EC2A 4NE

Registered Number

11749924 (England and Wales)
OPEN SOURCE EVENTS LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3219292
219292
Current assets
Debtors469,11777,371
Cash at bank and on hand60,74143,512
129,858120,883
Creditors amounts falling due within one year5(103,979)(98,569)
Net current assets (liabilities)25,87922,314
Total assets less current liabilities26,09822,606
Creditors amounts falling due after one year6(6,110)(9,847)
Provisions for liabilities7(42)(56)
Net assets19,94612,703
Capital and reserves
Profit and loss account19,94612,703
Reserves19,94612,703
The financial statements were approved and authorised for issue by the Board of Directors on 7 November 2024, and are signed on its behalf by:
ABUKALAM, Danny
Director
JONES, Nicholas Peter
Director

Registered Company No. 11749924
OPEN SOURCE EVENTS LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 23693693
At 30 June 24693693
Depreciation and impairment
At 01 July 23401401
Charge for year7373
At 30 June 24474474
Net book value
At 30 June 24219219
At 30 June 23292292
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-12,000
Other debtors6,70710,101
Prepayments and accrued income62,41055,270
Total69,11777,371
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables68,65163,204
Bank borrowings and overdrafts3,7363,644
Taxation and social security1,7121,789
Accrued liabilities and deferred income29,88029,932
Total103,97998,569
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts6,1109,847
Total6,1109,847
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4256
Total4256