Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr S C Brass 19/12/2011 Mr S Claridge 19/12/2011 Mr D J Maker 19/12/2011 07 May 2025 The principal activity of the company is the organisation of scooter festivals. 07885376 2023-12-31 07885376 bus:Director1 2023-12-31 07885376 bus:Director2 2023-12-31 07885376 bus:Director3 2023-12-31 07885376 core:CurrentFinancialInstruments 2023-12-31 07885376 core:CurrentFinancialInstruments 2022-12-31 07885376 2022-12-31 07885376 core:Non-currentFinancialInstruments 2023-12-31 07885376 core:Non-currentFinancialInstruments 2022-12-31 07885376 core:ShareCapital 2023-12-31 07885376 core:ShareCapital 2022-12-31 07885376 core:RetainedEarningsAccumulatedLosses 2023-12-31 07885376 core:RetainedEarningsAccumulatedLosses 2022-12-31 07885376 bus:OrdinaryShareClass1 2023-12-31 07885376 2023-01-01 2023-12-31 07885376 bus:FilletedAccounts 2023-01-01 2023-12-31 07885376 bus:SmallEntities 2023-01-01 2023-12-31 07885376 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07885376 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07885376 bus:Director1 2023-01-01 2023-12-31 07885376 bus:Director2 2023-01-01 2023-12-31 07885376 bus:Director3 2023-01-01 2023-12-31 07885376 2022-01-01 2022-12-31 07885376 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 07885376 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07885376 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07885376 (England and Wales)

SCOOT FEST LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

SCOOT FEST LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

SCOOT FEST LIMITED

BALANCE SHEET

As at 31 December 2023
SCOOT FEST LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Current assets
Debtors 3 14,080 15,102
Cash at bank and in hand 10,029 29,037
24,109 44,139
Creditors: amounts falling due within one year 4 ( 11,374) ( 13,930)
Net current assets 12,735 30,209
Total assets less current liabilities 12,735 30,209
Creditors: amounts falling due after more than one year 5 ( 13,599) ( 23,200)
Net (liabilities)/assets ( 864) 7,009
Capital and reserves
Called-up share capital 6 6 6
Profit and loss account ( 870 ) 7,003
Total shareholders' (deficit)/funds ( 864) 7,009

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Scoot Fest Limited (registered number: 07885376) were approved and authorised for issue by the Board of Directors on 07 May 2025. They were signed on its behalf by:

Mr D J Maker
Director
SCOOT FEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
SCOOT FEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Scoot Fest Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements of Scoot Fest Limited have been prepared on the basis that the company is not a going concern. The directors have decided to close the company within 12 months of the signing of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Debtors

2023 2022
£ £
Trade debtors 5,400 0
Amounts owed by directors 6,000 15,000
VAT recoverable 653 100
Other debtors 2,027 2
14,080 15,102

4. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 9,600 9,600
Trade creditors 0 755
Accruals 1,774 1,550
Corporation tax 0 2,025
11,374 13,930

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 13,599 23,200

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
6 Ordinary shares of £ 1.00 each 6 6

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Directors 6,000 15,000