Keasim Events Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC560041 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2018

for

Keasim Events Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S P Keane

REGISTERED OFFICE:

242 Morrison Street

Edinburgh

EH3 8DT

REGISTERED NUMBER:

SC560041 (Scotland)

FIXED ASSETS

Tangible assets

4

148,244

-

CURRENT ASSETS

Stocks

14,272

-

Debtors

5

44,463

232

Cash at bank

16,866

78

75,601

310

CREDITORS

Amounts falling due within one year

6

169,624

300

NET CURRENT (LIABILITIES)/ASSETS

(94,023

)

10

TOTAL ASSETS LESS CURRENT LIABILITIES

54,221

10

CREDITORS

Amounts falling due after more than one year

7

60,396

-

NET (LIABILITIES)/ASSETS

(6,175

)

10

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(6,185

)

-

(6,175

)

10

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 August 2019 and were signed by:

S P Keane - Director

R A Keane - Director

1.	STATUTORY INFORMATION

Keasim Events Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2017 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

136,302

14,927

151,229

At 31 October 2018

136,302

14,927

151,229

DEPRECIATION

Charge for year

-

2,985

2,985

At 31 October 2018

-

2,985

2,985

NET BOOK VALUE

At 31 October 2018

136,302

11,942

148,244

5.

DEBTORS

31.10.18

31.10.17

£

£

Amounts falling due within one year:

Trade debtors

15,888

-

Other debtors

20,703

232

36,591

232

Amounts falling due after more than one year:

Other debtors

7,872

-

Aggregate amounts

44,463

232

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade creditors

65,985

-

Amounts owed to group undertakings

-

100

Taxation and social security

90,642

-

Other creditors

12,997

200

169,624

300

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.18

31.10.17

£

£

Other creditors

60,396

-