Runways Events Limited - Period Ending 2014-12-31

Runways Events Limited - Period Ending 2014-12-31


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Registration number: 08629741

Runways Events Limited

Unaudited Abbreviated Accounts

for the Period from 30 July 2013 to 31 December 2014

 

A Shaw & Co. Limited
1 The Pavement
Bushy Park Road
Teddington
Middlesex
TW11 9JE

 

Runways Events Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Runways Events Limited
for the Period Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Runways Events Limited for the period ended 31 December 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Runways Events Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Runways Events Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Runways Events Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Runways Events Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Runways Events Limited. You consider that Runways Events Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Runways Events Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

A Shaw & Co. Limited
1 The Pavement
Bushy Park Road
Teddington
Middlesex
TW11 9JE

30 April 2015

 

Runways Events Limited
(Registration number: 08629741)
Abbreviated Balance Sheet at 31 December 2014

   

Note

   

31 December 2014
£

 

Current assets

 

       

Debtors

 

   

39,116

 

Cash at bank and in hand

 

   

5,139

 
   

   

44,255

 

Creditors: Amounts falling due within one year

 

   

(60,037)

 

Net liabilities

 

   

(15,782)

 

Capital and reserves

 

       

Called up share capital

 

2

   

100

 

Profit and loss account

 

   

(15,882)

 

Shareholders' deficit

 

   

(15,782)

 

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 29 April 2015 and signed on its behalf by:

.........................................
Mr AEC Dowding
Chairman

The notes on page 3 form an integral part of these financial statements.
Page 2

 

Runways Events Limited
Notes to the Abbreviated Accounts for the Period from 30 July 2013 to 31 December 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

At the balance sheet date, the company had net liabilities of £15,882. The directors remain confident about the company's prospects and will continue to support the business for the foreseeable future.

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Share capital

Allotted, called up and fully paid shares

 

31 December 2014

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

 
             

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. All shares iddued during the year were to subscribers.