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

REGISTERED NUMBER: 08548741 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

FIELD EVENTS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A P C Bullock

R J Falconer

C J Hewitt

REGISTERED OFFICE:

Eden House

15 Daffords Buildings

Bath

BA1 6SG

REGISTERED NUMBER:

08548741 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Field Events Limited for the year ended 31 December 2019 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Field Events Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Field Events Limited and state those matters that we have agreed to state to the Board of Directors of Field Events Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Field Events Limited and its Board of Directors, as a body, for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the financial statements of Field 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 financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

9 December 2020

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,746

14,996

12,746

14,996

CURRENT ASSETS

Debtors

6

280,878

182,134

Cash at bank and in hand

60

7,580

280,938

189,714

CREDITORS

Amounts falling due within one year

7

141,414

113,671

NET CURRENT ASSETS

139,524

76,043

TOTAL ASSETS LESS CURRENT LIABILITIES

152,270

91,039

PROVISIONS FOR LIABILITIES

8

2,422

2,549

NET ASSETS

149,848

88,490

CAPITAL AND RESERVES

Called up share capital

9

30

30

Share premium

9,990

9,990

Retained earnings

139,828

78,470

SHAREHOLDERS' FUNDS

149,848

88,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2020 and were signed on its behalf by:

A P C Bullock - Director

1.	STATUTORY INFORMATION

Field Events Limited is a private company, limited by shares , registered in England and Wales. 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.

Since the balance sheet date, the outbreak of Covid-19 and subsequent restrictions imposed have led to a events in 2020 being cancelled and considerable uncertainty about the future of the company. The company has taken advantage of all available government aid and concentrated on cutting costs where possible in order to support the business through the crisis. The directors are confident that the considerable uncertainty will not impact the company as a going concern and will support the company despite all events being cancelled in 2020 . The financial statements have therefore been prepared on a going concern basis.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when services are rendered.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is fully amortised.

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

-

15% on reducing balance

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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 NIL (2018 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2019

and 31 December 2019

5,000

AMORTISATION

At 1 January 2019

and 31 December 2019

5,000

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2019

and 31 December 2019

17,642

DEPRECIATION

At 1 January 2019

2,646

Charge for year

2,250

At 31 December 2019

4,896

NET BOOK VALUE

At 31 December 2019

12,746

At 31 December 2018

14,996

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

6,825

360

Other debtors

274,053

181,774

280,878

182,134

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

342

-

Trade creditors

2,502

10,177

Taxation and social security

134,902

99,826

Other creditors

3,668

3,668

141,414

113,671

8.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

2,422

2,549

Deferred

tax

£

Balance at 1 January 2019

2,549

Capital allowances

(127

)

Balance at 31 December 2019

2,422

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

10

A Ordinary

£1

10

10

10

B Ordinary

£1

10

10

10

C Ordinary

£1

10

10

30

30

10.	CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTIES

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.