Report of the Directors and
Unaudited Financial Statements for the Year Ended 31 October 2024
for
THE SENSORIA FESTIVAL
THE SENSORIA FESTIVAL
Contents of the Financial Statements for the Year Ended 31 October 2024
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Detailed Income and Expenditure Account | 6 |
THE SENSORIA FESTIVAL
Company Information for the Year Ended 31 October 2024
| DIRECTORS: | M J Hilton |
|---|---|
| T M Regan | |
| I Neil | |
| Ms S Cross | |
| P Nwakodo | |
| K Hewett | |
| SECRETARY: | Ms J Wingate |
| REGISTERED OFFICE: | The Old Workshop |
| 1 Ecclesall Road South | |
| Sheffield | |
| South Yorkshire | |
| S11 9PA | |
| REGISTERED NUMBER: | 06644266 |
| ACCOUNTANTS: | Brown McLeod Limited |
| Chartered Accountants | |
| The Old Workshop | |
| 1 Ecclesall Road South | |
| Sheffield | |
| South Yorkshire | |
| S11 9PA |
Page 1
THE SENSORIA FESTIVAL
Report of the Directors for the Year Ended 31 October 2024
The directors present their report with the financial statements of the company for the year ended 31 October 2024.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2023 to the date of this report.
M J Hilton T M Regan I Neil Ms S Cross P Nwakodo K Hewett
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
M J Hilton - Director
14 July 2025
Page 2
THE SENSORIA FESTIVAL
Income Statement for the Year Ended 31 October 2024
| TURNOVER Cost of sales GROSS SURPLUS Administrative expenses OPERATING SURPLUS Interest payable and similar expenses SURPLUS BEFORE TAXATION Tax on surplus SURPLUS FOR THE FINANCIAL YEAR |
31.10.24 £ 127,584 110,049 17,535 12,036 5,499 1,662 3,837 (336) 4,173 |
31.10.23 £ 106,086 70,031 36,055 28,156 7,899 (10) 7,909 1,501 6,408 |
|---|---|---|
The notes form part of these financial statements
Page 3
THE SENSORIA FESTIVAL (REGISTERED NUMBER: 06644266)
Balance Sheet 31 October 2024
| 31.10.24 | 31.10.23 | ||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 3 | 29,447 | 37,603 |
| Cash at bank | 20,649 | 35,088 | |
| 50,096 | 72,691 | ||
| CREDITORS | |||
| Amounts falling due within one year | 4 | 31,670 | 58,438 |
| NET CURRENT ASSETS | 18,426 | 14,253 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 18,426 | 14,253 | |
| RESERVES | |||
| Income and expenditure account | 18,426 | 14,253 | |
| 18,426 | 14,253 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.
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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:
M J Hilton - Director
The notes form part of these financial statements
Page 4
THE SENSORIA FESTIVAL
Notes to the Financial Statements for the Year Ended 31 October 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
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.
2. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 1 (2023 - 1).
3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 31.10.24 | 31.10.23 | |
| £ | £ | |
| Trade debtors | 4,809 | 18,074 |
| Other debtors | 24,638 | 19,529 |
| 29,447 | 37,603 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.10.24 | 31.10.23 | |
| £ | £ | |
| Bank loans and overdrafts | 2,242 | - |
| Trade creditors | - | 96 |
| Taxation and social security | (1,034) | 7,277 |
| Other creditors | 30,462 | 51,065 |
| 31,670 | 58,438 |
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Page 5
THE SENSORIA FESTIVAL
Detailed Income and Expenditure Account for the Year Ended 31 October 2024
| Sales Cost of sales Purchases GROSS SURPLUS Expenditure Insurance Wages Pensions Rent Telephone Post and stationery Travelling Subscriptions Computer costs Sundry expenses Fines and penalties Accountancy Finance costs Bank charges Loan interest Interest payable NET SURPLUS |
31.10.24 £ - 2,450 54 2,316 - (33) 4,025 562 92 (13) 231 2,300 52 1,603 59 |
£ 127,584 110,049 17,535 11,984 5,551 1,714 3,837 |
31.10.23 £ 398 15,052 457 2,431 140 - 7,150 320 358 42 - 1,760 48 - (10) |
£ 106,086 70,031 |
|---|---|---|---|---|
| 36,055 28,108 |
||||
| 7,947 38 |
||||
| 7,909 |
This page does not form part of the statutory financial statements
Page 6