ACCOUNTS - Final Accounts preparation

JH EVENT SERVICES LTD - Company Information

Caseware UK (AP4) 2018.0.111 2018.0.111 false2017-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activity 07667254 2017-07-01 2018-06-30 07667254 2018-06-30 07667254 2016-07-01 2017-06-30 07667254 2017-06-30 07667254 c:Director1 2017-07-01 2018-06-30 07667254 d:PlantMachinery 2017-07-01 2018-06-30 07667254 d:PlantMachinery 2018-06-30 07667254 d:PlantMachinery 2017-06-30 07667254 d:PlantMachinery d:OwnedOrFreeholdAssets 2017-07-01 2018-06-30 07667254 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2018-06-30 07667254 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2017-06-30 07667254 d:CurrentFinancialInstruments 2018-06-30 07667254 d:CurrentFinancialInstruments 2017-06-30 07667254 d:CurrentFinancialInstruments d:WithinOneYear 2018-06-30 07667254 d:CurrentFinancialInstruments d:WithinOneYear 2017-06-30 07667254 d:ShareCapital 2018-06-30 07667254 d:ShareCapital 2017-06-30 07667254 d:RetainedEarningsAccumulatedLosses 2018-06-30 07667254 d:RetainedEarningsAccumulatedLosses 2017-06-30 07667254 c:FRS102 2017-07-01 2018-06-30 07667254 c:AuditExempt-NoAccountantsReport 2017-07-01 2018-06-30 07667254 c:FullAccounts 2017-07-01 2018-06-30 07667254 c:PrivateLimitedCompanyLtd 2017-07-01 2018-06-30 iso4217:GBP xbrli:pure

Company registration number: 07667254

	Unaudited Financial statements
	For the Year Ended 30 June 2018

	JH Event Services Limited


JH Event Services Limited Registered number:07667254

Statement of Financial Position

As at 30 June 2018

		2018		2017
Note		£		£

Fixed assets
Tangible assets	4		2,949		5,601
Investments	5		125,000		125,000
			127,949		130,601
Current assets
Debtors: amounts falling due within one year	6	10,476		14,351
Cash at bank and in hand		20,717		124,618
		31,193		138,969
Creditors: amounts falling due within one year	7	(20,032)		(109,018)
Net current assets			11,161		29,951
Total assets less current liabilities			139,110		160,552

Net assets			139,110		160,552

Capital and reserves
Called up share capital	1	1
Profit and loss account	139,109	160,551
	139,110	160,552

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr J Howes

Director

Date: 6 December 2018

The notes on pages 2 to 5 form part of these financial statements.

Page 1


JH Event Services Limited

Notes to the Financial Statements

For the Year Ended 30 June 2018

1.	General information

JH Event Services Limited is a private company, limited by shares, registered in England & Wales, company registration number 07667254. The registered office is Lyton House, 7-12 Tavistock Square, London, WC1H 9LT.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The director deems it appropriate for the accounts to be prepare on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

25%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

Page 2


JH Event Services Limited

Notes to the Financial Statements

For the Year Ended 30 June 2018

2.Accounting policies (continued)

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.7

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 1 (2017 - 1).

Page 3


JH Event Services Limited

Notes to the Financial Statements

For the Year Ended 30 June 2018

4.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 July 2017	24,981
	At 30 June 2018	24,981
	Depreciation
	At 1 July 2017	19,380
	Charge for the year on owned assets	2,652
	At 30 June 2018	22,032
	Net book value
	At 30 June 2018	2,949
	At 30 June 2017	5,601

5.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 July 2017	125,000
	At 30 June 2018	125,000

	Net book value
	At 30 June 2018	125,000
	At 30 June 2017	125,000

Page 4


JH Event Services Limited

Notes to the Financial Statements

For the Year Ended 30 June 2018

Debtors

					2018	2017
					£	£


Trade debtors	1,360	3,150
Other debtors	9,116	1,201
Prepayments and accrued income	-	10,000
	10,476	14,351

7.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Trade creditors	17,133	-
Corporation tax	204	24,264
Other taxation and social security	-	4,726
Other creditors	670	78,003
Accruals and deferred income	2,025	2,025
	20,032	109,018

8.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £80,000 (2017- £0).

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