Durty Events Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC411330 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

DURTY EVENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P M McGreal

REGISTERED OFFICE:

10 Viewfield Lane

Selkirk

TD7 4LJ

REGISTERED NUMBER:

SC411330 (Scotland)

ACCOUNTANT:

Alison Gray Accountancy Limited

Le Noyer

Ettrick Terrace

Selkirk

TD7 4LE

FIXED ASSETS

Tangible assets

4

21,290

8,728

CURRENT ASSETS

Debtors

5

3,320

8,096

Cash at bank and in hand

48,997

47,035

52,317

55,131

CREDITORS

Amounts falling due within one year

6

74,123

69,155

NET CURRENT LIABILITIES

(21,806

)

(14,024

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(516

)

(5,296

)

CREDITORS

Amounts falling due after more than one year

7

(15,362

)

(5,761

)

PROVISIONS FOR LIABILITIES

(4,258

)

(1,745

)

NET LIABILITIES

(20,136

)

(12,802

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(20,146

)

(12,812

)

SHAREHOLDERS' FUNDS

(20,136

)

(12,802

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19 December 2018 and were signed by:

P M McGreal - Director

1.	STATUTORY INFORMATION

Durty Events Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the profit and loss account represents income earned from events, stated net of VAT.

Deposits received in advance of events taking place are treated as deferred income and are only recognised in

the profit and loss account when the event takes place.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on cost

Financial instruments

Basic financial instruments including loans are recognised at amortised cost.

Hire purchase and leasing commitments

Assets acquired under hire purchase agreements are capitalised as tangible fixed assets at their fair value and

depreciated in accordance with the above rates. Future instalments payable under such agreements are

included within creditors, net of finance charges. Instalments are apportioned between the interest element

and the capital element using the effective interest method so as to achieve a constant rate of interest on the

remaining balance of the liability.

Deferred tax

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to

pay more tax, or right to pay less tax, at a future date, at rates expected to apply when these obligations

crystallise, based on current tax rates and law. Timing differences arise from the inclusion of items of income

and expenditure in taxation computations in different periods to when they are included in the financial

statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not they

will be recovered. Deferred tax assets and liabilities are not discounted.

Pension

The company operates a defined contribution scheme. The assets of the scheme are held separate from those

of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

46,464

Additions

26,077

At 31 March 2018

72,541

DEPRECIATION

At 1 April 2017

37,736

Charge for year

13,515

At 31 March 2018

51,251

NET BOOK VALUE

At 31 March 2018

21,290

At 31 March 2017

8,728

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

1,696

6,019

Other debtors

1,624

2,077

3,320

8,096

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

2,799

2,799

Taxation and social security

2,303

5,701

Other creditors

69,021

60,655

74,123

69,155

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

2,962

5,761

Other creditors

12,400

-

15,362

5,761