THE FESTIVALS COMPANY LIMITED Accounts filed on 31-12-2013

THE FESTIVALS COMPANY LIMITED Accounts filed on 31-12-2013

THE FESTIVALS COMPANY LIMITED - Company Information

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THE FESTIVALS COMPANY LIMITED




Company Registration Number:
05642818 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st January 2013

End date: 31st December 2013

SUBMITTED

THE FESTIVALS COMPANY LIMITED

Contents of the Financial Statements
for the Period Ended 31st December 2013

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

THE FESTIVALS COMPANY LIMITED

Company Information
for the Period Ended 31st December 2013




Director: John Berwyn Rowlands
Company secretary: Grant Vidgen
Registered office: 25 Turberville Place
Cardiff
CF11 9NX
Company Registration Number: 05642818 (England and Wales)

THE FESTIVALS COMPANY LIMITED

Directors' Report Period Ended 31st December 2013

The directors present their report with the financial statements of the company for the period ended 31st December 2013

Principal activities
The principal activity of the company in the period under review was:
the orgranisation, administration and marketing of events

Directors
The directors shown below have held office during the whole of the period from
01st January 2013 to 31st December 2013
John Berwyn Rowlands

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 16 September 2014
And Signed On Behalf Of The Board By:

Name: John Berwyn Rowlands
Status: Director

THE FESTIVALS COMPANY LIMITED

Profit and Loss Account

for the Period Ended 31st December 2013

Notes 2013
£		 2012
£
Turnover: 2 171,017 179,496
Cost of sales: 96,790 76,888
Gross profit or (loss): 74,227 102,608
Administrative expenses: 4, 5 72,453 106,836
Operating profit or (loss): 3 1,774 ( 4,228 )
Interest payable and similar charges: 1,706 1,024
Profit or (loss) on ordinary activities before taxation: 68 ( 5,252 )
Profit or (loss) for the financial year: 68 ( 5,252 )

The notes form part of these financial statements

THE FESTIVALS COMPANY LIMITED

Statement of total recognised gains and losses
31st December 2013

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

THE FESTIVALS COMPANY LIMITED

Balance sheet
As at 31st December 2013

Notes 2013
£		 2012
£
Fixed assets
Tangible assets: 7 580 0
Total fixed assets: 580 0
Current assets
Debtors: 8 33,390 26,342
Cash at bank and in hand: 0 0
Total current assets: 33,390 26,342
Creditors: amounts falling due within one year 9 33,730 26,170
Net current assets (liabilities): ( 340 ) 172
Total assets less current liabilities: 240 172
Total net assets (liabilities): 240 172

The notes form part of these financial statements

THE FESTIVALS COMPANY LIMITED

Balance sheet
As at 31st December 2013
continued

Notes 2013
£		 2012
£
Capital and reserves
Called up share capital: 10 20,010 20,010
Profit and Loss account: 11 ( 19,770 ) ( 19,838 )
Total shareholders funds: 240 172

For the year ending 31 December 2013 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 16 September 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: John Berwyn Rowlands
Status: Director

The notes form part of these financial statements

THE FESTIVALS COMPANY LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    These accounts have been prepared in accordance with the historical cost convention, on an accrual basis, and in accordance with the Financial reporting for Standard for Smaller Entities (effective April 2008) issued by the Accounting Standards Board.

    Turnover policy

    Turnover represents net invoiced sales of goods and services, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated and charged against fixed assets so as to write off their value over their expected useful lifetime. For fixtures and fittings (including computing equipment) the company charges 25% of cost each year on a straight line basis.

THE FESTIVALS COMPANY LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 2 . Turnover

    Turnover is recognised fee income and services sold as invoiced, net of Value Added Tax, and is wholly attributed to activities within the United Kingdom.

THE FESTIVALS COMPANY LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 3 . Operating profit or (loss)

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

    2013 2012
    £ £
    Depreciation - owned assets: 145 789

THE FESTIVALS COMPANY LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 4 . Directors' remuneration

    2013 2012
    £ £
    Directors' remuneration: 8,590 7,446
    Value of contributions to directors' pensions: 880 2,640
    TOTAL: 9,470 10,086

THE FESTIVALS COMPANY LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 5. Employees

    2013 2012
    £ £
    Wages and salaries: 22,638 35,002
    Social security costs: 1,593 2,890
    Total staff costs: 24,231 37,892
    Average number of employees including directors during the period: 2 3

THE FESTIVALS COMPANY LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 6. Dividends

    2013 2012
    £ £
    Dividends paid on ordinary shares: 0 2,896
    Total dividends paid: 0 2,896

THE FESTIVALS COMPANY LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 7. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st January 2013: - - 5,918 - - 5,918
    Additions: - - 725 - - 725
    At 31st December 2013: - - 6,643 - - 6,643
    Depreciation
    At 01st January 2013: - - 5,918 - - 5,918
    Charge for year: - - 145 - - 145
    At 31st December 2013: - - 6,063 - - 6,063
    Net book value
    At 31st December 2013: - - 580 - - 580
    At 31st December 2012: - - 0 - - 0

THE FESTIVALS COMPANY LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 8. Debtors

    2013 2012
    £ £
    Trade debtors: 12,136 9,939
    Prepayments and accrued income: 21,254 16,403
    Total: 33,390 26,342

THE FESTIVALS COMPANY LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 9. Creditors: amounts falling due within one year

    2013 2012
    £ £
    Bank loans and overdrafts: 20,219 10,184
    Trade creditors: 13,464 12,874
    Taxation and social security: 47 3,112
    Total: 33,730 26,170

THE FESTIVALS COMPANY LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 10. Called up share capital

    Allotted, called up and paid

    Previous period 2012
    Class Number of shares Nominal value per share Total
    Ordinary shares: 20,010 1.00
    1.00
    		20,010
    Total share capital: 20,010
    Current period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 20,010 1.00
    1.00
    		20,010
    Total share capital: 20,010

THE FESTIVALS COMPANY LIMITED

Notes to the Financial Statements
for the Period Ended 31st December 2013

  • 11. Profit and loss account

    2013 2012
    £ £
    Opening balance: ( 19,838 ) ( 11,690 )
    Profit or (loss) for the period: 68 ( 5,252 )
    Equity dividends paid: 0 2,896
    Retained profit: ( 19,770 ) ( 19,838 )