Accounts filed on 30-04-2016

Accounts filed on 30-04-2016

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: 01 May 2015

End date: 30 April 2016

PAST EVENT LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2016

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

PAST EVENT LIMITED

Company Information

for the Period Ended 30 April 2016




Director: John Best
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 30 April 2016

The directors present their report with the financial statements of the company for the period ended 30 April 2016

Principal activities

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
01 May 2015 to 30 April 2016
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 17 June 2016
And Signed On Behalf Of The Board By:

Name: John Best
Status: Director

PAST EVENT LIMITED

Profit and Loss Account

for the Period Ended 30 April 2016


Notes
2016
£
2015
£
Turnover: 30,707 71,463
Cost of sales: ( 1,294 ) ( 19,861 )
Gross profit or (loss): 29,413 51,602
Distribution costs: 0 0
Administrative expenses: ( 13,646 ) ( 23,220 )
Operating profit or (loss): 2 15,767 28,382
Interest receivable and similar income: 192 245
Profit or (loss) on ordinary activities before taxation: 15,959 28,627
Tax on profit or (loss) on ordinary activities: ( 3,068 ) ( 5,680 )
Profit or (loss) for the financial year: 12,891 22,947

The notes form part of these financial statements

PAST EVENT LIMITED

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

PAST EVENT LIMITED

Balance sheet

As at 30 April 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 4 4,213 3,838
Total fixed assets: 4,213 3,838
Current assets
Stocks: 2,250 2,250
Debtors: 4,734 3,548
Cash at bank and in hand: 14,682 10,102
Total current assets: 21,666 15,900
Creditors: amounts falling due within one year: ( 18,144 ) ( 8,894 )
Net current assets (liabilities): 3,522 7,006
Total assets less current liabilities: 7,735 10,844
Total net assets (liabilities): 7,735 10,844

The notes form part of these financial statements

PAST EVENT LIMITED

Balance sheet continued

As at 30 April 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 4 4
Profit and loss account: 6 7,731 10,840
Shareholders funds: 7,735 10,844

For the year ending 30 April 2016 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 April 2008).

The financial statements were approved by the Board of Directors on 17 June 2016

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 30 April 2016

  • 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 2015

    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 30 April 2016

  • 2. Operating profit or (loss)

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


    2016
    £
    2015
    £
    Depreciation - owned assets: 2,272 2,389
    Profit or (loss) on disposal of fixed assets: ( 198 ) ( 58 )

PAST EVENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 3. Dividends


    2016
    £
    2015
    £
    Dividends paid on ordinary shares: 16,000 17,762
    Total dividends paid: 16,000 17,762

PAST EVENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 4. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    01 May 2015: - 5,369 - 13,412 - 18,781
    Additions: - - - 2,846 - 2,846
    Disposals: - - - ( 2,054 ) - ( 2,054 )
    Revaluations: - - - - - 0
    Transfers: - - - - - 0
    30 April 2016: - 5,369 - 14,204 - 19,573
    Depreciation
    01 May 2015: - 3,603 - 11,340 - 14,943
    Charge for year: - 589 - 1,683 - 2,272
    On disposals: - - - ( 1,855 ) - ( 1,855 )
    Other adjustments: - - - - - 0
    30 April 2016: - 4,192 - 11,168 - 15,360
    Net book value
    30 April 2016: - 1,177 - 3,036 - 4,213
    30 April 2015: - 1,766 - 2,072 - 3,838

PAST EVENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 4 1.00 4
    Preference shares: 0
    Total share capital (£): 4
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 4 1.00 4
    Preference shares: 0
    Total share capital (£): 4

PAST EVENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 6. Profit and loss account


    2016
    £
    2015
    £
    Opening balance: 10,840 5,655
    Profit or (loss) for the period: 12,891 22,947
    Equity dividends paid: ( 16,000 ) ( 17,762 )
    Retained profit: 7,731 10,840

PAST EVENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 7. Related party disclosures

    Name of related party: John Best
    Relationship: Director
    Description of the transaction Amount due to director included in creditors
    Balance at 01 May 2015 1,336
    Balance at 30 April 2016 14,088