ADVANCED EVENTS LIMITED
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Notes to the Accounts |
for the year ended 31 March 2021
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Reporting currency |
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The accounts are prepared in sterling and monetary amounts are shown to the nearest £1. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised when the service has been completed.
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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2 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Intangible fixed assets |
£ |
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Domain name |
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Cost |
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Additions |
500 |
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At 31 March 2021 |
500 |
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Amortisation |
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Provided during the year |
100 |
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At 31 March 2021 |
100 |
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Net book value |
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At 31 March 2021 |
400 |
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The domain name and website cost is being written off in equal annual instalments over their estimated economic life of 5 years. |
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4 |
Debtors |
2021 |
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2020 |
£ |
£ |
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Trade debtors |
364 |
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- |
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5 |
Creditors: amounts falling due within one year |
2021 |
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2020 |
£ |
£ |
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Accruals and other creditors |
5,399 |
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106 |
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6 |
Controlling party |
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Throughout this and the previous period the company was under the control of Surrey Hills Investments Limited which is under the control of Mr David Dunsdon, a director and shareholder in that company
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7 |
Parent company |
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The company's parent company is Surrey Hills Investments Limited, a company registered in England and Wales. |
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8 |
Other information |
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ADVANCED EVENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is Coldunell House, Dawes Court, High Street, Esher, KT10 9QD. |