AMCA Events Limited - Accounts to registrar (filleted) - small 18.2
AMCA Events Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2018 |
| for |
| AMCA Events Limited |
| AMCA Events Limited (Registered number: 05580493) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| AMCA Events Limited |
| Company Information |
| for the Year Ended 31 October 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AMCA Events Limited (Registered number: 05580493) |
| Statement of Financial Position |
| 31 October 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| AMCA Events Limited (Registered number: 05580493) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2018 |
| 1. | STATUTORY INFORMATION |
| AMCA Events Limited is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the assumption that the company is able to carry on |
| business as a going concern, which the directors consider appropriate having regard to the circumstances |
| outlined in the note Future Trading and the Current Economic Environment. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
| 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
| party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents net income from the management and running of events during the period. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
| and slow moving items. |
| Financial instruments |
| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible |
| preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in |
| profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value |
| with changes recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax if applicable. Tax is recognised in the Income |
| Statement, except to the extent that it relates to items recognised in other comprehensive income or |
| directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
| enacted or substantively enacted by the statement of financial position date. |
| AMCA Events Limited (Registered number: 05580493) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2018 |
| 3. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different |
| from those in which they are recognised in financial statements. Deferred tax is measured using tax rates |
| and laws that have been enacted or substantively enacted by the year end and that are expected to apply |
| to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
| that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | STOCKS |
| 2018 | 2017 |
| £ | £ |
| Finished goods |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| VAT | 1,800 | 3,373 |
| Other creditors |
| Accruals and deferred income |
| 8. | OTHER FINANCIAL COMMITMENTS |
| The total amount of financial commitments, guarantees and contingencies that are not included in the |
| statement of financial position amount to £4,403 (2017 - £1,067). |
| AMCA Events Limited (Registered number: 05580493) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2018 |
| 9. | FUTURE TRADING AND THE CURRENT ECONOMIC ENVIRONMENT |
| The group has considerable financial resources. The company has significant support from the parent |
| company (Amateur Motorcycle Association Limited) which the directors have confirmed will not be |
| withdrawn within the next 12 months. As a consequence, the directors believe that the group is well |
| placed to manage its business risks successfully despite the current uncertain economic outlook. |
| After making enquiries, the directors have a reasonable expectation that the company and the group have |
| adequate resources to continue in operational existence for the foreseeable future. Accordingly, they |
| continue to adopt the going concern basis in preparing the annual report and accounts. |