PAST EVENT LIMITED Accounts filed on 30-04-2015

PAST EVENT LIMITED Accounts filed on 30-04-2015

PAST EVENT LIMITED - Company Information

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PAST EVENT LIMITED




Company Registration Number:
03489243 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st May 2014

End date: 30th April 2015

SUBMITTED

PAST EVENT LIMITED

Company Information
for the Period Ended 30th April 2015




Director: John Best
Company secretary: Catherine Best
Registered office: 72 Cranley Gardens
London
N10 3AJ
Company Registration Number: 03489243 (England and Wales)

PAST EVENT LIMITED

Directors' Report Period Ended 30th April 2015

The directors present their report with the financial statements of the company for the period ended 30th April 2015

Principal activities
The principal activity of the company in the period under review was:
The principal activity of the company during the period was that of supplying business and accounting services to the Music and Book Publishing Industries.

Directors
The directors shown below have held office during the whole of the period from
01st May 2014 to 30th April 2015
John Best

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 30 July 2015
And Signed On Behalf Of The Board By:

Name: John Best
Status: Director

PAST EVENT LIMITED

Profit and Loss Account

for the Period Ended 30th April 2015

Notes 2015
£		 2014
£
Turnover: 2 71,463 58,633
Cost of sales: 19,861 12,994
Gross profit or (loss): 51,602 45,639
Administrative expenses: 4, 23,220 18,098
Operating profit or (loss): 3 28,382 27,541
Interest receivable and similar income: 245 282
Profit or (loss) on ordinary activities before taxation: 28,627 27,823
Tax on profit or (loss) on ordinary activities: 5 5,680 5,688
Profit or (loss) for the financial year: 22,947 22,135

The notes form part of these financial statements

PAST EVENT LIMITED

Statement of total recognised gains and losses
30th April 2015

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

PAST EVENT LIMITED

Balance sheet
As at 30th April 2015

Notes 2015
£		 2014
£
Fixed assets
Tangible assets: 6 3,837 4,132
Total fixed assets: 3,837 4,132
Current assets
Stocks: 7 2,250 -
Debtors: 8 3,549 11,196
Cash at bank and in hand: 10,102 11,383
Total current assets: 15,901 22,579
Creditors: amounts falling due within one year 9 8,894 21,053
Net current assets (liabilities): 7,007 1,526
Total assets less current liabilities: 10,844 5,658
Total net assets (liabilities): 10,844 5,658

The notes form part of these financial statements

PAST EVENT LIMITED

Balance sheet
As at 30th April 2015
continued

Notes 2015
£		 2014
£
Capital and reserves
Called up share capital: 10 4 4
Profit and Loss account: 11 10,840 5,654
Total shareholders funds: 10,844 5,658

For the year ending 30 April 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 30 July 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: John Best
Status: Director

The notes form part of these financial statements

PAST EVENT LIMITED

Notes to the Financial Statements
for the Period Ended 30th April 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

    Turnover policy

    Turnover represents amounts receivable for services net of VAT.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the the cost less estimated residual value of each asset over its expected useful life, as follows: Computer Equipment: 40% in the first year, 30% second year, 20% third year 10% residual. Other Equipment: 33% per year of the reducing balance.

PAST EVENT LIMITED

Notes to the Financial Statements
for the Period Ended 30th April 2015

  • 3 . Operating profit or (loss)

    Operating profit or (loss) before tax as stated after charging the following.

    2015 2014
    £ £
    Depreciation - owned assets: 2,389 2,265
    Profit or (loss) on disposal of fixed assets: ( 58 ) -

PAST EVENT LIMITED

Notes to the Financial Statements
for the Period Ended 30th April 2015

  • 4 . Directors' remuneration

    2015 2014
    £ £
    Directors' remuneration: 2,400 2,400
    TOTAL: 2,400 2,400

PAST EVENT LIMITED

Notes to the Financial Statements
for the Period Ended 30th April 2015

  • 5. Taxation

    The tax charge on the profit on ordinary activities for the period was as follows:
    2015 2014
    £ £
    UK Corporation Tax: 5,680 5,688
    Tax on profit or (loss) on ordinary activities: 5,680 5,688
    Profit or (loss) on ordinary activities before taxation: 28,627 27,823
    Profit or (loss) on ordinary activities before taxation multiplied by the rate(s) of Corporation Tax applicable: 5,725 5,565
    Expense not deductable for tax purposes: 490 453
    Accelerated capital allowances: 473 259
    Any other adjustments: ( 62 ) ( 71 )
    Current tax charge or (credit): 5,680 5,688

PAST EVENT LIMITED

Notes to the Financial Statements
for the Period Ended 30th April 2015

  • 6. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st May 2014: - 7,273 - 13,937 - 21,210
    Additions: - 1,750 - 618 - 2,368
    Disposals: - 3,654 - 1,143 - 4,797
    At 30th April 2015: - 5,369 - 13,412 - 18,781
    Depreciation
    At 01st May 2014: - 6,053 - 11,025 - 17,078
    Charge for year: - 990 - 1,400 - 2,390
    On disposals: - 3,440 - 1,084 - 4,524
    At 30th April 2015: - 3,603 - 11,341 - 14,944
    Net book value
    At 30th April 2015: - 1,766 - 2,071 - 3,837
    At 30th April 2014: - 1,220 - 2,912 - 4,132

PAST EVENT LIMITED

Notes to the Financial Statements
for the Period Ended 30th April 2015

  • 7. Stocks

    2015 2014
    £ £
    Work in progress: 2,250 -
    Total: 2,250 -

PAST EVENT LIMITED

Notes to the Financial Statements
for the Period Ended 30th April 2015

  • 8. Debtors

    2015 2014
    £ £
    Trade debtors: 3,253 11,196
    Prepayments and accrued income: 296 -
    Total: 3,549 11,196

PAST EVENT LIMITED

Notes to the Financial Statements
for the Period Ended 30th April 2015

  • 9. Creditors: amounts falling due within one year

    2015 2014
    £ £
    Trade creditors: 49 529
    Taxation and social security: 7,509 7,592
    Other creditors: 1,336 12,932
    Total: 8,894 21,053

    Amounts due to shareholders included above £1,336 (2014:£19,932)

PAST EVENT LIMITED

Notes to the Financial Statements
for the Period Ended 30th April 2015

  • 10. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 4 1.00
    1.00
    		4
    Total share capital: 4
    Current period 2015
    Class Number of shares Nominal value per share Total
    Total share capital: -

PAST EVENT LIMITED

Notes to the Financial Statements
for the Period Ended 30th April 2015

  • 11. Profit and loss account

    2015 2014
    £ £
    Opening balance: 5,654 8,145
    Profit or (loss) for the period: 22,947 22,135
    Equity dividends paid: 17,761 24,626
    Retained profit: 10,840 5,654