Caseware UK (AP4) 2014.0.91 2014.0.91 2016-12-31 2016-12-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. true false No description of principal activity false 2016-01-01 03898440 2015-12-31 03898440 2016-01-01 2016-12-31 03898440 2015-01-01 2015-12-31 03898440 2016-12-31 03898440 c:Director1 2016-01-01 2016-12-31 03898440 d:PlantMachinery 2016-01-01 2016-12-31 03898440 d:PlantMachinery 2016-12-31 03898440 d:PlantMachinery 2015-12-31 03898440 d:PlantMachinery d:OwnedOrFreeholdAssets 2016-01-01 2016-12-31 03898440 d:CurrentFinancialInstruments 2016-12-31 03898440 d:CurrentFinancialInstruments 2015-12-31 03898440 c:FRS102 2016-01-01 2016-12-31 03898440 c:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 03898440 c:FullAccounts 2016-01-01 2016-12-31 03898440 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 iso4217:GBP xbrli:pure

Registered number:  03898440









MIDLAND EVENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

 
MIDLAND EVENTS LIMITED
REGISTERED NUMBER:  03898440

BALANCE SHEET
AS AT  31 DECEMBER 2016

2016
2015
Note
£
£
   

Fixed assets
   

Tangible assets
 4 
975
1,201

   
975
1,201

Current assets
   

Debtors: amounts falling due within one year
 5 
14,996
-

Cash at bank and in hand
   
2,525
8,212

   
17,521
8,212

Creditors: amounts falling due within one year
 6 
(17,933 )
(7,700 )

Net current (liabilities)/assets
   
 
 
(412 )
 
 
512

Total assets less current liabilities
   
563
1,713

   

   

   

Net assets excluding pension asset
   
563
1,713

Net assets
   
563
1,713

Capital and reserves
   

Called up share capital 
   
2
2

Profit and loss account
   
561
1,711

   
563
1,713


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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
MIDLAND EVENTS LIMITED
REGISTERED NUMBER:  03898440
    
BALANCE SHEET  (CONTINUED)
AS AT  31 DECEMBER 2016


The financial statements were approved and authorised for issue by the board and were signed on its behalf on  7 February 2017 .

D J Travis
Director
The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MIDLAND EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

General information

 Midlands Events Limited is a limited liability company incorporated and domiciled in England.
The  registered office of the company is 8 Calthorpe Road, Edgbaston, Birmingham, B15 1QT.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

2.3

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 equipment
-
25%

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 Profit and loss account.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Page 3

 
MIDLAND EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

2. Accounting policies (continued)

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 Profit and loss account, 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 balance sheet date in the countries where the Company operates and generates income.

The average monthly number of employees, including directors, during the year was  2  (2015 -  2 ) .






£



Cost or valuation


At 1 January 2016
14,395



At 31 December 2016

14,395



Depreciation


At 1 January 2016
13,195


Charge for the year on owned assets
225



At 31 December 2016

13,420



Net book value



At 31 December 2016
975



At 31 December 2015
1,201

Page 4

 
MIDLAND EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
2016
2015
£
£


Trade debtors
14,996
-

14,996
-


2016
2015
£
£

Corporation tax
5,769
847

Other creditors
9,564
5,553

Accruals and deferred income
2,600
1,300

17,933
7,700


Page 5

 
MIDLAND EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

7.

 
Page 6