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

REGISTERED NUMBER: 07993602 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

MS EVENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs P K Lall

REGISTERED OFFICE:

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

REGISTERED NUMBER:

07993602 (England and Wales)

ACCOUNTANTS:

Ashfords Partnership LLP

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

FIXED ASSETS

Tangible assets

4

15,704

19,057

CURRENT ASSETS

Debtors

5

13,418

28,280

Cash at bank and in hand

68,893

160,013

82,311

188,293

CREDITORS

Amounts falling due within one year

6

95,585

142,519

NET CURRENT (LIABILITIES)/ASSETS

(13,274

)

45,774

TOTAL ASSETS LESS CURRENT LIABILITIES

2,430

64,831

CAPITAL AND RESERVES

Called up share capital

7

3

3

Retained earnings

8

2,427

64,828

SHAREHOLDERS' FUNDS

2,430

64,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 25 June 2021 and were signed by:

Mrs P K Lall - Director

1.	STATUTORY INFORMATION

Ms 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.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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 2 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2019

and 30 September 2020

11,793

22,672

641

35,106

DEPRECIATION

At 1 October 2019

7,244

8,564

241

16,049

Charge for year

1,137

2,116

100

3,353

At 30 September 2020

8,381

10,680

341

19,402

NET BOOK VALUE

At 30 September 2020

3,412

11,992

300

15,704

At 30 September 2019

4,549

14,108

400

19,057

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

2,000

-

Other debtors

11,418

28,280

13,418

28,280

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade creditors

5,987

1,660

Taxation and social security

9,252

37,955

Other creditors

80,346

102,904

95,585

142,519

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.20

30.9.19

value:

£

£

3

Ordinary

£1

3

3

8.

RESERVES

Retained

earnings

£

At 1 October 2019

64,828

Deficit for the year

(62,401

)

At 30 September 2020

2,427

9.	ULTIMATE CONTROLLING PARTY

During the year the company was jointly controlled by H Bhogal, P Lall and P Bhogal by virtue of their shareholdings.