**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