Weddings and Events Ltd
Weddings and Events Ltd
Registered number: 8532689
Financial Statements
For The Year Ended 31 March 2019
DJ Coulter & Associates Limited
Chartered Certified Accountants
7 Clarence Parade
Cheltenham
GL50 3NY
Weddings and Events Ltd
Financial Statements
For The Year Ended 31 March 2019
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Weddings and Events Ltd
Balance Sheet
As at
31 March 2019
Balance Sheet
Registered number:
8532689
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 5 |
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| CURRENT ASSETS | |||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (62,465) | (57,368) | |||
Page 1
Weddings and Events Ltd
Balance Sheet (continued)
As at
31 March 2019
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Weddings and Events Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Motor Vehicles |
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1.4.
Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
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| Office and administration |
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Page 3
Weddings and Events Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2019
5.
Tangible Assets
| Plant & Machinery | Motor Vehicles | Total | |
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| £ | £ | £ | |
| Cost | |||
| As at |
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| Additions |
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| Disposals |
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| As at |
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| Depreciation | |||
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| Provided during the period |
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| Disposals |
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| Net Book Value | |||
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6.
Debtors
| 2019 | 2018 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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Page 4
Weddings and Events Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2019
7.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Other taxes and social security |
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| VAT |
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| Prepaid income |
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| Accruals and deferred income |
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| Directors' loan accounts |
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9.
Ultimate Controlling Party
The company's ultimate controlling parties are Damian Edge and Victoria Edge by virtue of their ownership of 100% of the issued share capital in the company.
10.
General Information
Weddings and Events Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 8532689 . The registered office is Unit 94E, Salters Lane, Pershore, WR10 2PE.
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