REGISTERED NUMBER: 06198762 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2017

FOR

ACCASION MARQUEES LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

S Player

Secretary:

Mrs C H Player

Registered office:

Cheriton House

Old Station Yard

Eardisley

Herefordshire

HR3 6NS

Registered number:

06198762 (England and Wales)

Fixed assets

Intangible assets

4

-

3,000

Tangible assets

5

39,487

34,722

39,487

37,722

Current assets

Stocks

20,474

78,506

Debtors

6

80,477

66,057

Cash at bank

8,151

34,864

109,102

179,427

Creditors

Amounts falling due within one year

7

170,544

209,538

Net current liabilities

(61,442

)

(30,111

)

Total assets less current liabilities

(21,955

)

7,611

Creditors

Amounts falling due after more than one year

8

(2,158

)

(9,286

)

Provisions for liabilities

9

-

(3,600

)

Net liabilities

(24,113

)

(5,275

)

Capital and reserves

Called up share capital

10

100

100

Retained earnings

11

(24,213

)

(5,375

)

Shareholders' funds

(24,113

)

(5,275

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 1st December 2017 and were signed by:

S Player - Director

1.	Statutory information

Accasion Marquees Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The balance sheet at the period end shows net liabilities of £24,113 which includes loans from the

director of £123,402. The director confirms that he will continue to support the Company.

Therefore he considers it appropriate to adopt the going concern basis in preparing these accounts.

Turnover

The turnover, all of which arises in the U.K, represents net invoiced sales of goods, excluding value

added tax.

Intangible fixed assets

Goodwill is shown in the balance sheet at cost less amortisation and is being amortised at 10% per

annum as the director considers that its useful life is 10 years.

Tangible fixed assets

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates on the straight line method in order to write off each

asset over its estimated useful life;

Plant & equipment

25%

Motor vehicles

25%

Stock and work in progress

Stock and work in progress have been valued at the lower of cost and net realisable value.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate

of exchange ruling at the date of transaction. Exchange differences are taken into account in

arriving at the operating result.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and

'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the

company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements

when there is a legally enforceable right to set off the recognised amounts and there is an intention

to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, 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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries,

associates or joint ventures, are initially measured at fair value, which is normally the transaction

price. Such assets are subsequently carried at fair value and the changes in fair value are recognised

in profit or loss, except that investments in equity instruments that are not publicly traded and

whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for

indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more

events that occurred after initial recognition of the financial asset, the estimated future cash flows

have been affected. If an asset is impaired, the impairment loss is the difference between the

carrying amount and the present value of the estimated cash flows discounted at the assets original

effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment

was recognised, the impairment is reversed. The reversal is such that the current carrying amount

does not exceed what the carrying amount would have been, had the impairment not previously

been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset

expire or are settled, or when the group transfers the financial asset and substantially all of the risks

and rewards of the ownership to another entity, or if some significant risks and rewards of

ownership are retained but control of the asset has transferred to another party that is able to sell the

asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences a

residual interest in the assets of the group after deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price.

Other financial liabilities, including bank loans, loans from fellow group companies and preference

shares that are classified as debt, are measured initially at fair value, net of transaction costs, and

are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic

financial instruments. Derivatives are initially recognised at fair value on the date a derivative

contract is entered into and are subsequently re-measured at their fair value. Changes in the fair

value of derivatives are recognised in profit or loss in finance costs or finance income as

appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are

discharged or cancelled.

3.	Employees and directors

The average number of employees during the year was 9 (2016 - 8 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st April 2016

and 31st March 2017

30,000

Amortisation

At 1st April 2016

27,000

Charge for year

3,000

At 31st March 2017

30,000

Net book value

At 31st March 2017

-

At 31st March 2016

3,000

Goodwill is being amortised over its expected useful life of 10 years.

5.	Tangible fixed assets

Plant &

Motor

equipment

vehicles

Totals

£

£

£

Cost

At 1st April 2016

214,501

75,912

290,413

Additions

17,056

8,592

25,648

Disposals

(183,034

)

-

(183,034

)

At 31st March 2017

48,523

84,504

133,027

Depreciation

At 1st April 2016

197,857

57,834

255,691

Charge for year

12,131

8,752

20,883

Eliminated on disposal

(183,034

)

-

(183,034

)

At 31st March 2017

26,954

66,586

93,540

Net book value

At 31st March 2017

21,569

17,918

39,487

At 31st March 2016

16,644

18,078

34,722

6.

Debtors: amounts falling due within one year

31.3.17

31.3.16

£

£

Trade debtors

33,247

62,206

Sundry debtors & prepayments

37,344

3,851

Corporation tax

5,690

-

Prepayments and accrued income

4,196

-

80,477

66,057

7.

Creditors: amounts falling due within one year

31.3.17

31.3.16

£

£

Bank loans and overdrafts

4,882

2,636

Trade creditors

7,160

24,739

Corporation tax

-

4,700

Social security and other taxes

8,474

13,531

Other creditors & accruals

26,626

41,625

Directors' loan accounts

123,402

122,307

170,544

209,538

8.

Creditors: amounts falling due after more than one year

31.3.17

31.3.16

£

£

Bank loans

2,158

9,286

9.	Provisions for liabilities

31.3.17

31.3.16

£

£

Deferred tax

-

3,600

Deferred tax

£

Balance at 1st April 2016

3,600

Accelerated capital allowances

(3,600

)

Balance at 31st March 2017

-

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary shares

£1

100

100

11.

Reserves

Retained

earnings

£

At 1st April 2016

(5,375

)

Deficit for the year

(18,838

)

At 31st March 2017

(24,213

)

12.	Contingent liabilities

There were no contingent liabilities at 31st March 2017.

13.	Related party disclosures

During the year, the director used a current account with the company to record amounts due to him

and amounts drawn by him. The balance at the end of the year was £123,402 owed by the company

(2016: £122,307).

14.	Ultimate controlling party

The controlling party is S Player.

15.	First year adoption

The company prepared its first financial statements that comply with FRS102 section 1A for the

year ended 31st March 2017. The companies date of transition to FRS102 section 1A is 1st April

2015. The transition has resulted in no changes to accounting policies.