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REGISTERED NUMBER: 12498501 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Contrast Events Limited

Contrast Events Limited (Registered number: 12498501)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Balance Sheet 1

Notes to the Financial Statements 2


Contrast Events Limited (Registered number: 12498501)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 10,126 19,808

CURRENT ASSETS
Debtors 6 6,785 5,750
Cash and cash equivalents 6 537
6,791 6,287
CREDITORS
Amounts falling due within one year 7 9,770 6,693
NET CURRENT LIABILITIES (2,979 ) (406 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,147

19,402

PROVISIONS FOR LIABILITIES 1,924 3,764
NET ASSETS 5,223 15,638

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,123 15,538
SHAREHOLDERS' FUNDS 5,223 15,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2025 and were signed by:





J Parrack - Director


Contrast Events Limited (Registered number: 12498501)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Contrast Events Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12498501

Registered office: 18-20 High Street
Stevenage
United Kingdom
Hertfordshire
SG1 3EJ

2. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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
Tangible assets are stated in the balance sheet 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
Office Equipment - 33% Straight Line
Plant and Machinery - 33% Straight Line
Fixtures & Fittings - 20% Reducing Balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Contrast Events Limited (Registered number: 12498501)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. ACCOUNTING POLICIES - continued
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.

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.

Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed for bad debts on an annual basis. Any adjustments are made accordingly through the profit and loss account.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least 12 months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.

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.

Going concern
At the balance sheet date, the company had net current liabilities of £2,979 (2023: £406) and retained earnings of £5,123 (2023: £15,538). The director has pledged to continue to financially support the company for the following 12 months. On this basis, the director feels it is appropriate to prepare these statements on a going concern 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Contrast Events Limited (Registered number: 12498501)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 56,074
Additions 3,811
At 31 March 2025 59,885
DEPRECIATION
At 1 April 2024 36,266
Charge for year 13,493
At 31 March 2025 49,759
NET BOOK VALUE
At 31 March 2025 10,126
At 31 March 2024 19,808

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 3,600 2,880
Other debtors 3,185 2,870
6,785 5,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 769 67
Taxation and social security 7,147 5,321
Other creditors 1,854 1,305
9,770 6,693

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £2,621 (2024 - £8,911). This is in relation to the business premises lease. The total amount disclosed is the total amount due to the break in clause in August 2025.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
J Parrack
Balance outstanding at start of year (18 ) (30 )
Amounts advanced 38,312 34,478
Amounts repaid (38,341 ) (34,466 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (47 ) (18 )

This loan is provided interest free and is repayable on demand.

Contrast Events Limited (Registered number: 12498501)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Parrack.