Silverfin false false 31/12/2024 01/01/2024 31/12/2024 C J Ellis 01/08/2020 K B Hyslop 03/03/2025 B M Julius 17/01/2020 B Julius 11/11/2024 G Julius 17/01/2020 J J Ludlow 10/04/2024 15/01/2021 13 May 2025 The principal activity of the Company during the financial year was that of events management. 12410330 2024-12-31 12410330 bus:Director1 2024-12-31 12410330 bus:Director2 2024-12-31 12410330 bus:Director3 2024-12-31 12410330 bus:Director4 2024-12-31 12410330 bus:Director5 2024-12-31 12410330 bus:Director6 2024-12-31 12410330 2023-12-31 12410330 core:CurrentFinancialInstruments 2024-12-31 12410330 core:CurrentFinancialInstruments 2023-12-31 12410330 core:Non-currentFinancialInstruments 2024-12-31 12410330 core:Non-currentFinancialInstruments 2023-12-31 12410330 core:ShareCapital 2024-12-31 12410330 core:ShareCapital 2023-12-31 12410330 core:RetainedEarningsAccumulatedLosses 2024-12-31 12410330 core:RetainedEarningsAccumulatedLosses 2023-12-31 12410330 core:OtherResidualIntangibleAssets 2023-12-31 12410330 core:OtherResidualIntangibleAssets 2024-12-31 12410330 core:LeaseholdImprovements 2023-12-31 12410330 core:PlantMachinery 2023-12-31 12410330 core:OfficeEquipment 2023-12-31 12410330 core:LeaseholdImprovements 2024-12-31 12410330 core:PlantMachinery 2024-12-31 12410330 core:OfficeEquipment 2024-12-31 12410330 bus:OrdinaryShareClass1 2024-12-31 12410330 bus:OrdinaryShareClass2 2024-12-31 12410330 core:WithinOneYear 2024-12-31 12410330 core:WithinOneYear 2023-12-31 12410330 core:BetweenOneFiveYears 2024-12-31 12410330 core:BetweenOneFiveYears 2023-12-31 12410330 2024-01-01 2024-12-31 12410330 bus:FilletedAccounts 2024-01-01 2024-12-31 12410330 bus:SmallEntities 2024-01-01 2024-12-31 12410330 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12410330 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12410330 bus:Director1 2024-01-01 2024-12-31 12410330 bus:Director2 2024-01-01 2024-12-31 12410330 bus:Director3 2024-01-01 2024-12-31 12410330 bus:Director4 2024-01-01 2024-12-31 12410330 bus:Director5 2024-01-01 2024-12-31 12410330 bus:Director6 2024-01-01 2024-12-31 12410330 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-01-01 2024-12-31 12410330 core:LeaseholdImprovements core:BottomRangeValue 2024-01-01 2024-12-31 12410330 core:LeaseholdImprovements core:TopRangeValue 2024-01-01 2024-12-31 12410330 core:PlantMachinery core:TopRangeValue 2024-01-01 2024-12-31 12410330 core:OfficeEquipment core:TopRangeValue 2024-01-01 2024-12-31 12410330 2023-05-01 2023-12-31 12410330 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 12410330 core:LeaseholdImprovements 2024-01-01 2024-12-31 12410330 core:PlantMachinery 2024-01-01 2024-12-31 12410330 core:OfficeEquipment 2024-01-01 2024-12-31 12410330 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 12410330 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 12410330 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 12410330 bus:OrdinaryShareClass1 2023-05-01 2023-12-31 12410330 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 12410330 bus:OrdinaryShareClass2 2023-05-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12410330 (England and Wales)

ONYX EVENTS LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

ONYX EVENTS LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ONYX EVENTS LTD

BALANCE SHEET

As at 31 December 2024
ONYX EVENTS LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Intangible assets 3 1,111 0
Tangible assets 4 32,380 41,817
33,491 41,817
Current assets
Stocks 5 246,899 52,020
Debtors 6 428,656 344,911
Cash at bank and in hand 27,345 66,553
702,900 463,484
Creditors: amounts falling due within one year 7 ( 387,406) ( 249,722)
Net current assets 315,494 213,762
Total assets less current liabilities 348,985 255,579
Creditors: amounts falling due after more than one year 8 ( 149,474) ( 154,548)
Net assets 199,511 101,031
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 199,411 100,931
Total shareholders' funds 199,511 101,031

For the financial year ending 31 December 2024 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 Onyx Events Ltd (registered number: 12410330) were approved and authorised for issue by the Board of Directors on 13 May 2025. They were signed on its behalf by:

G Julius
Director
ONYX EVENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ONYX EVENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
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 period, unless otherwise stated.

General information and basis of accounting

Onyx Events Ltd (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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The trading address of the Company is B1, Ampress Park, Ricardo Way, Lymington, SO41 8JW,United Kingdom.

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

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

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.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements 7 - 10 years straight line
Plant and machinery 5 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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.

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.

Stock and Work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.

Work in progress is calculated on a mix of both direct costs and an appropriate proportion of salaries relating to work in progress at the Balance Sheet date.

2. Employees

Year ended
31.12.2024
Period from
01.05.2023 to
31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 27 11

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2024 840 840
Additions 1,600 1,600
At 31 December 2024 2,440 2,440
Accumulated amortisation
At 01 January 2024 840 840
Charge for the financial year 489 489
At 31 December 2024 1,329 1,329
Net book value
At 31 December 2024 1,111 1,111
At 31 December 2023 0 0

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Office equipment Total
£ £ £ £
Cost
At 01 January 2024 20,498 35,237 2,440 58,175
Additions 0 567 1,003 1,570
At 31 December 2024 20,498 35,804 3,443 59,745
Accumulated depreciation
At 01 January 2024 4,255 10,710 1,393 16,358
Charge for the financial year 3,210 7,124 673 11,007
At 31 December 2024 7,465 17,834 2,066 27,365
Net book value
At 31 December 2024 13,033 17,970 1,377 32,380
At 31 December 2023 16,243 24,527 1,047 41,817

5. Stocks

31.12.2024 31.12.2023
£ £
Stocks 72,399 2,752
Work in progress 174,500 49,268
246,899 52,020

6. Debtors

31.12.2024 31.12.2023
£ £
Trade debtors 40,823 42,156
Amounts owed by Group undertakings 333,280 223,298
Other debtors 54,553 79,457
428,656 344,911

7. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Trade creditors 111,879 99,531
Amounts owed to directors 250 0
Other loans 43,170 52,448
Accruals and deferred income 31,389 87,352
Other taxation and social security 4,573 8,191
Obligations under finance leases and hire purchase contracts 2,200 2,200
Other creditors 193,945 0
387,406 249,722

The hire purchase contract is secured by the asset to which it relates.

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

31.12.2024 31.12.2023
£ £
Other loans 148,374 151,247
Obligations under finance leases and hire purchase contracts 1,100 3,301
149,474 154,548

The hire purchase contract is secured by the asset to which it relates to.

9. Called-up share capital

31.12.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
65 Ordinary shares of £ 1.00 each 65 65
35 Ordinary A shares of £ 1.00 each 35 35
100 100

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

31.12.2024 31.12.2023
£ £
within one year 81,500 0
between one and five years 27,167 190,167
108,667 190,167

The above commitment relates to amounts due in respect of rental agreements up to the date of any break clauses.

11. Ultimate controlling party

Parent Company:

Creating the Magic Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW