|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIGHTNING EVENTS LTD |
|
FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31ST MARCH 2018 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIGHTNING EVENTS LTD |
|
FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31ST MARCH 2018 |
|
|
|
|
|
LIGHTNING EVENTS LTD (REGISTERED NUMBER: 06150987) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2018 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
LIGHTNING EVENTS LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
39A Welbeck Street |
London |
W1G 8DH |
LIGHTNING EVENTS LTD (REGISTERED NUMBER: 06150987) |
|
BALANCE SHEET |
31ST MARCH 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
|
|
NET (LIABILITIES)/ASSETS | ( |
) |
|
|
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. |
LIGHTNING EVENTS LTD (REGISTERED NUMBER: 06150987) |
|
BALANCE SHEET - continued |
31ST MARCH 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 Board of Directors on
behalf by: |
|
|
|
|
|
|
|
|
|
|
LIGHTNING EVENTS LTD (REGISTERED NUMBER: 06150987) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2018 |
|
|
1. | STATUTORY INFORMATION |
|
Lightning Events Ltd is a
|
registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The financial statements are prepared in Pound Sterling which is the functional currency of the company and |
rounded to nearest pound. |
|
The significant accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents supply of a full |
production service from the initial design to the build and break down of the event, net of VAT, returns and |
trade discounts |
. |
The company recognises revenue when (a) the significant risk and rewards of ownership have been transferred |
to the buyer; (b) the company retains no continuing involvement or control over the goods and (c) the amount of |
revenue can be measured reliably. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
|
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. |
|
Debtors and creditors |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
administrative expenses. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
LIGHTNING EVENTS LTD (REGISTERED NUMBER: 06150987) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2018 |
|
|
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st April 2017 |
|
Additions |
|
Disposals | ( |
) |
At 31st March 2018 |
|
DEPRECIATION |
At 1st April 2017 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 31st March 2018 |
|
NET BOOK VALUE |
At 31st March 2018 |
|
At 31st March 2017 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
|
|
Hire purchase contracts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Bank loans |
|
|
Hire purchase contracts |
|
|
Other creditors |
|
|
|
|
LIGHTNING EVENTS LTD (REGISTERED NUMBER: 06150987) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2018 |
|
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2018 | 2017 |
£ | £ |
Bank loans |
|
|
|
The company obtained a loan from HSBC of £24,000 in March 2018. The loan is a 3 year loan with an interest |
rate of 5.9%. The loan is secured by directors personal guarantees. |