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Registration number: 13830593

Columbia Events Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Columbia Events Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Columbia Events Limited

Company Information

Directors

S N Rotherham

H A Joyce

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Columbia Events Limited

Statement of Financial Position as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

87,800

120,008

Current assets

 

Stocks

5

17,225

29,775

Debtors

6

-

25,165

Cash at bank and in hand

 

13,211

10,585

 

30,436

65,525

Creditors: Amounts falling due within one year

7

(161,936)

(193,337)

Net current liabilities

 

(131,500)

(127,812)

Total assets less current liabilities

 

(43,700)

(7,804)

Creditors: Amounts falling due after more than one year

7

-

(6,689)

Net liabilities

 

(43,700)

(14,493)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(43,702)

(14,495)

Shareholders' deficit

 

(43,700)

(14,493)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

 

Columbia Events Limited

Statement of Financial Position as at 31 January 2025

The directors have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Approved and authorised by the Board on 2 May 2025 and signed on its behalf by:
 

.........................................

S N Rotherham

Director

Company registration number: 13830593

 

Columbia Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of event catering.

2

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 31 January 2025 and had net liabilities at that date amounting to £43,700.

At this date an amount of £62,884 was due to the directors who have agreed to not call for repayment until such time as the company has sufficient working capital.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in the preparation of the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of catering services in the ordinary course on the company's activities. Turnover is shown net of Value Added Tax, returns, rebates and discounts.

Revenues are recognised on the date on which an event takes place. Deposits for future events are deferred in the statement of financial position until the event has taken place.

 

Columbia Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% Straight line

Furniture, fittings and equipment

25% - 33% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Columbia Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Finance leases

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated in accordance with the above depreciation policies. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are appointed between the finance element, which is charged to the profit and loss account on a straight line basis, and the capital element which reduces the outstanding obligation for future instalments.

Operating leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Columbia Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

3

Staff numbers

The average number of persons employed by the company during the year, was 5 (2024 - 7).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

162,615

33,500

196,115

Additions

35,391

-

35,391

Disposals

(11,500)

-

(11,500)

At 31 January 2025

186,506

33,500

220,006

Depreciation

At 1 February 2024

71,264

4,843

76,107

Charge for the year

50,612

6,700

57,312

Eliminated on disposal

(1,213)

-

(1,213)

At 31 January 2025

120,663

11,543

132,206

Carrying amount

At 31 January 2025

65,843

21,957

87,800

At 31 January 2024

91,351

28,657

120,008

5

Stocks

2025
£

2024
£

Stock

17,225

29,775

 

Columbia Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Debtors

2025
£

2024
£

Trade debtors

-

582

Other debtors

-

24,583

-

25,165

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Loans and borrowings

8

6,689

33,707

Trade creditors

 

66,638

81,738

Taxation and social security

 

10,904

1,084

Other creditors

 

77,705

76,808

 

161,936

193,337

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Loans and borrowings

8

-

6,689

8

Loans and borrowings

2025
£

2024
£

Current loans and borrowings

Finance lease liabilities

6,689

33,707

2025
£

2024
£

Non-current loans and borrowings

Finance lease liabilities

-

6,689

Liabilities under finance lease agreements are secured on the assets concerned.