|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 December 2018 |
|
for |
|
TMB Events Ltd |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 December 2018 |
|
for |
|
TMB Events Ltd |
TMB Events Ltd (Registered number: 01846652) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the year ended 31 December 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Director's Responsibilities Statement | 9 |
|
Independent Chartered Accountants' Review Report | 10 |
|
TMB Events Ltd |
|
Company Information |
for the year ended 31 December 2018 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
1st Floor, Cromwell House |
14 Fulwood Place |
London |
WC1V 6HZ |
TMB Events Ltd (Registered number: 01846652) |
|
Balance Sheet |
31 December 2018 |
|
31.12.18 | 31.12.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stock and work in progress |
|
|
Debtors | 6 |
|
|
Investments | 7 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
TMB Events Ltd (Registered number: 01846652) |
|
Balance Sheet - continued |
31 December 2018 |
|
|
|
|
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
|
|
|
|
|
|
|
|
TMB Events Ltd (Registered number: 01846652) |
|
Notes to the Financial Statements |
for the year ended 31 December 2018 |
|
1. | STATUTORY INFORMATION |
|
TMB Events Ltd is a
|
number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represents sales of services, excluding value added tax. |
|
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any |
accumulated amortisation and any accumulated impairment losses. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Stock and work-in-progress |
Stocks of promotional goods are valued at the lower of cost and net realisable value, after making allowance for obsolete |
and slow-moving items; work-in-progress represents unbilled costs carried forward in respect of future promotional |
activities. |
|
Taxation |
Taxation for the year comprises current and deferred tax. 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 balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
TMB Events Ltd (Registered number: 01846652) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2018 |
|
2. | ACCOUNTING POLICIES - continued |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
future payments is treated as a liability. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are |
charged to profit or loss in the period to which they relate. |
|
Goodwill |
Goodwill, being the total amount paid in connection with the acquisition of a business with a completion date of 31st |
December 2010, has been amortised evenly over its estimated useful life of 3 years. |
|
This is in accordance with the company policy, whereby balances are written off over the same term of any borrowings for |
the funding of the purchase. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 January 2018 |
and 31 December 2018 |
|
AMORTISATION |
At 1 January 2018 |
and 31 December 2018 |
|
NET BOOK VALUE |
At 31 December 2018 |
|
At 31 December 2017 |
|
TMB Events Ltd (Registered number: 01846652) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2018 |
|
5. | TANGIBLE FIXED ASSETS |
Improvements |
Short | to | Plant and |
leasehold | property | machinery |
£ | £ | £ |
COST |
At 1 January 2018 |
|
|
|
Additions |
|
|
|
At 31 December 2018 |
|
|
|
DEPRECIATION |
At 1 January 2018 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal |
|
|
|
At 31 December 2018 |
|
|
|
NET BOOK VALUE |
At 31 December 2018 |
|
|
|
At 31 December 2017 |
|
|
|
|
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2018 |
|
|
|
|
Additions |
|
|
|
|
Disposals |
|
( |
) |
|
( |
) |
At 31 December 2018 |
|
|
|
|
DEPRECIATION |
At 1 January 2018 |
|
|
|
|
Charge for year |
|
|
|
|
Eliminated on disposal |
|
( |
) |
|
( |
) |
At 31 December 2018 |
|
|
|
|
NET BOOK VALUE |
At 31 December 2018 |
|
|
|
|
At 31 December 2017 |
|
|
|
|
TMB Events Ltd (Registered number: 01846652) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2018 |
|
5. | TANGIBLE FIXED ASSETS - continued |
|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Improvements |
to | Plant and | Motor |
property | machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2018 |
|
|
|
|
Disposals |
|
|
( |
) | ( |
) |
At 31 December 2018 |
|
|
|
|
DEPRECIATION |
At 1 January 2018 |
|
|
|
|
Charge for year |
|
|
|
|
Eliminated on disposal |
|
|
( |
) | ( |
) |
At 31 December 2018 |
|
|
|
|
NET BOOK VALUE |
At 31 December 2018 |
|
|
|
|
At 31 December 2017 |
|
|
|
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
VAT |
|
|
Prepayments & other debtors |
|
|
|
|
|
7. | CURRENT ASSET INVESTMENTS |
31.12.18 | 31.12.17 |
£ | £ |
Other investments |
|
|
TMB Events Ltd (Registered number: 01846652) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2018 |
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Bank loans and overdrafts |
|
|
Other loans |
|
|
Hire purchase contracts |
|
|
Trade & other creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Net Wages Account | 2,189 | - |
VAT | 51,141 | - |
Accruals & deferred income |
|
|
|
|
|
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Bank loans - 1-2 years |
|
|
Bank loans - 2-5 years |
|
|
Hire purchase contracts |
|
|
|
|
|
10. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31.12.18 | 31.12.17 |
£ | £ |
Bank overdraft |
|
|
Bank loans |
|
|
Hire purchase contracts | 203,668 | 273,012 |
|
|
|
11. | OTHER FINANCIAL COMMITMENTS |
|
At 31 December 2018, the company had the following commitments :- |
|
Due after more than five years; |
|
Operating lease for land and buildings, due to expire on 17th February 2028, £48,695 |
subject to a rent review/break clause dated 17th February 2023 |
|
12. | RELATED PARTY DISCLOSURES |
|
The company's ultimate controlling party is Mr B Kenworthy. |
Director's Responsibilities Statement |
on the Unaudited Financial Statements of |
TMB Events Ltd |
|
|
The following reproduces the text of the report prepared for the director and members in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance |
Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the |
Director are not required to be filed with the Registrar of Companies. |
|
I confirm that as a director I have met my duty in accordance with the Companies Act 2006 to: |
|
- | ensure that the company has kept proper accounting records; |
- |
prepare financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2018 and of
its profit for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- |
follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial
statements. |
|
|
|
|
|
|
|
|
24 September 2019 |
Independent Chartered Accountants' Review Report to the Director of |
TMB Events Ltd |
|
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
|
We have reviewed the financial statements of TMB Events Ltd for the year ended 31 December 2018, which comprise the Income Statement, Balance Sheet and the related notes 1 to 0. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. |
|
This report is made solely to the company's director in accordance with our terms of engagement. Our review has been undertaken so that we might state to the director those matters that we have agreed with him in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director for our work, for this report or the conclusions we have formed. |
|
Director's responsibility for the financial statements |
As explained more fully in the Director's Responsibilities Statement set out on page nil, the director is responsible for the |
preparation of the financial statements and for being satisfied that they give a true and fair view. |
|
Accountants' responsibility |
Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review in |
accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical |
financial statements' and ICAEW Technical Release TECH 09/13AAF 'Assurance review engagements on historical financial |
statements'. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics. |
|
Scope of the assurance review |
A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed |
additional procedures to those required under a compilation engagement. These primarily consist of making enquiries of |
management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The |
procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International |
Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements. |
|
Conclusion |
Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared: |
- |
so as to give a true and fair view of the state of the company's affairs as at 31 December 2018 and of its profit for the year then
ended; |
- | in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | in accordance with the requirements of the Companies Act 2006. |
|
|
|
|
|
1st Floor, Cromwell House |
14 Fulwood Place |
London |
WC1V 6HZ |
|
|
|