6 false false false false false false false false false false true false false true true false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 10893426 2023-01-01 2024-06-30 10893426 2024-06-30 10893426 2022-12-31 10893426 2022-01-01 2022-12-31 10893426 2022-12-31 10893426 2021-12-31 10893426 core:FurnitureFittings 2023-01-01 2024-06-30 10893426 bus:Director1 2023-01-01 2024-06-30 10893426 core:FurnitureFittings 2022-12-31 10893426 core:FurnitureFittings 2024-06-30 10893426 core:WithinOneYear 2024-06-30 10893426 core:WithinOneYear 2022-12-31 10893426 core:AfterOneYear 2024-06-30 10893426 core:AfterOneYear 2022-12-31 10893426 core:ShareCapital 2024-06-30 10893426 core:ShareCapital 2022-12-31 10893426 core:RetainedEarningsAccumulatedLosses 2024-06-30 10893426 core:RetainedEarningsAccumulatedLosses 2022-12-31 10893426 core:FurnitureFittings 2022-12-31 10893426 bus:SmallEntities 2023-01-01 2024-06-30 10893426 bus:Audited 2023-01-01 2024-06-30 10893426 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-06-30 10893426 bus:PrivateLimitedCompanyLtd 2023-01-01 2024-06-30 10893426 bus:FullAccounts 2023-01-01 2024-06-30 10893426 core:OfficeEquipment 2023-01-01 2024-06-30 10893426 core:OfficeEquipment 2022-12-31 10893426 core:OfficeEquipment 2024-06-30 10893426 1 2023-01-01 2024-06-30
COMPANY REGISTRATION NUMBER: 10893426
Eventay Ltd
Filleted Financial Statements
30 June 2024
Eventay Ltd
Financial Statements
Period from 1 January 2023 to 30 June 2024
Contents
Pages
Balance sheet
1
Notes to the financial statements
2 to 6
Eventay Ltd
Balance Sheet
30 June 2024
30 Jun 24
31 Dec 22
Note
£
£
Fixed assets
Tangible assets
5
14,889
6,029
Current assets
Debtors
6
4,272,643
63,724
Cash at bank and in hand
3,550,515
1,052,817
------------
------------
7,823,158
1,116,541
Creditors: amounts falling due within one year
7
( 3,667,061)
( 602,288)
------------
------------
Net current assets
4,156,097
514,253
------------
---------
Total assets less current liabilities
4,170,986
520,282
Creditors: amounts falling due after more than one year
8
( 9,167)
( 24,167)
------------
---------
Net assets
4,161,819
496,115
------------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
4,161,719
496,015
------------
---------
Shareholders funds
4,161,819
496,115
------------
---------
In accordance with section 444 of the Companies Act 2006, the profit and loss has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 25 June 2025 , and are signed on behalf of the board by:
Erwin Bustos
Director
Company registration number: 10893426
Eventay Ltd
Notes to the Financial Statements
Period from 1 January 2023 to 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 West Green Road, London, England, N15 5NN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006. The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they 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 of accounting in preparing the financial statements.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
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. Key sources of estimation uncertainty Useful Lives of Property, Plant and Equipment Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Recognition Identification of an Asset: An asset must be controlled by the entity as a result of past events. It must have future economic benefits expected to flow to the entity. The cost of the asset must be reliable and measurable. PPE should be recognised as an asset if it is used for more than one year (or the entity’s normal operating cycle if longer) and is expected to bring future economic benefits. Initial Measurement with the cost model: Purchase price plus any directly attributable costs necessary to bring the asset to the condition and location for its intended use. As subsequent Measurement after initial recognition, an entity can choose to continue measuring its PPE using the cost model, where assets are carried at their cost less accumulated depreciation and any accumulated impairment losses. Once the asset is recognised, it must be depreciated over its useful life, reflecting the pattern in which the asset's future economic benefits are consumed by the entity. This involves the estimation of the asset's useful life and the selection of an appropriate depreciation method. Presentation and Disclosure Requirements: Property, plant and equipment should be presented separately on the balance sheet. There is flexibility to present within tangible fixed assets or to provide further breakdown if the class of assets is significant. Entities must disclose the methods used for depreciation, the useful lives or depreciation rates, and any changes to those estimates. Details of any impairment losses (or reversals) must be disclosed.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 6 (2022: 6 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 January 2023
1,234
16,967
18,201
Additions
424
13,812
14,236
-------
--------
--------
At 30 June 2024
1,658
30,779
32,437
-------
--------
--------
Depreciation
At 1 January 2023
670
11,502
12,172
Charge for the period
455
4,921
5,376
-------
--------
--------
At 30 June 2024
1,125
16,423
17,548
-------
--------
--------
Carrying amount
At 30 June 2024
533
14,356
14,889
-------
--------
--------
At 31 December 2022
564
5,465
6,029
-------
--------
--------
6. Debtors
30 Jun 24
31 Dec 22
£
£
Trade debtors
4,263,612
57,462
Other debtors
9,031
6,262
------------
--------
4,272,643
63,724
------------
--------
7. Creditors: amounts falling due within one year
30 Jun 24
31 Dec 22
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
2,008,982
361,185
Corporation tax
1,253,507
97,648
Social security and other taxes
316,046
132,641
Other creditors
78,526
814
------------
---------
3,667,061
602,288
------------
---------
8. Creditors: amounts falling due after more than one year
30 Jun 24
31 Dec 22
£
£
Bank loans and overdrafts
9,167
24,167
-------
--------
9. Events after the end of the reporting period
There have been no events subsequent to the statement of financial position date which would have a material effect on the company's financial statements as at 30 June 2024.
10. Summary audit opinion
The auditor's report on these financial statements was unqualified and there were no matters to which the auditor drew attention by way of emphasis.
The auditor's report was signed on 25 June 2025 by Naraidoo Savomy (Senior Statutory Auditor) for and on behalf of Anderson Ross LLP (Statutory Auditors), of 22 West Green Road, London, N15 5NN.