SHW Events Limited - Period Ending 2020-03-31

SHW Events Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

SHW Events Limited

(Registration number: 06803721)
Balance Sheet as at 31 March 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	4	691	827
Current assets
Debtors	5	352	3,967
Cash at bank and in hand		4,048	260
		4,400	4,227
Creditors: Amounts falling due within one year	6	(2,461)	(1,870)
Net current assets		1,939	2,357
Net assets		2,630	3,184
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		1,630	2,184
Total equity		2,630	3,184

For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 18 November 2020
 

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

Mr IN Wilson
Director

SHW Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 7 Springvale Business Centre
Millbuck Way
Sandbach
Cheshire
CW11 3HY
UK

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention. These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

SHW Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance basis
Office equipment	20% reducing balance basis

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2019 - 1).

SHW Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

4	Tangible assets

	Fixtures and fittings £	Other tangible assets  £	Total £
Cost or valuation
At 1 April 2019	2,190	3,006	5,196
At 31 March 2020	2,190	3,006	5,196
Depreciation
At 1 April 2019	1,955	2,414	4,369
Charge for the year	47	89	136
At 31 March 2020	2,002	2,503	4,505
Carrying amount
At 31 March 2020	188	503	691
At 31 March 2019	235	592	827

5

Debtors

	2020 £	2019 £
Other debtors	352	3,967
	352	3,967

6

Creditors

Creditors: amounts falling due within one year

	2020 £	2019 £
Due within one year
Trade creditors	391	1,320
Other creditors	2,070	550
	2,461	1,870