Regislered number SC451330 MARYMASS FESTIVAL COMMirrEE Report and Accounts 31 May 2023
MARYMASS FESTIVAL COMMITTEE S1•gi•t•r•d numl>•r.' 6C461330 Directors. Report The dirè(aofS pi'ÈSiiiil Iheir rèwrt aiMJ ac(x)unLs lof Ihe yea( eTrJgJ 31 May 2023. Principal activlu.es The company's principal aclivrty duriNJ ihe year continued lo te ... Dlractor8 The lollowing pe(sons seréed as dwedors durffMJ the year. Small company provislong This report has been Fepa In accofdance wlh Ihe provision5 in Part 1 S of the Companles Acl 2006 applicae lo companies suty"e(a to the small companies regime. This feport was approved by the board on O J8nuary 1fKKI and soned on its behalf. Director
MARYMASS FESTIVAL COMMIThEE Profit and Loss A¢¢ount for the year ended 31 May 2023 2023 2022 Tumovef 72,195 Cost of sales 154.3121 Gross profit 17,883 Admini51r8tive expenges 4,505 Op•ratlng profit Profit Ixlorn taxation 13.378 Tax on profil Proflt for the flnanclal year 13,378
MARYMASS FESTIVAL cOMMIEE Ilvyl?tvretl numbvr: 8C4513?0 Balance Shfjét as at 31 May 2023 Not•$ 2023 2022 Current assets Cjsh al bank in hand 28.199 32.221 r•drtors: amounts falling due wlthln one year {800} (20.0001 N•t currnnt as19 25,S99 12,221 Net assets 25,599 12,221 Capital And s•e8 Profit and loss account 25.599 12.221 Shareholdern, funds 25,599 12.221 The dire(aots arn satisfied Ih81 the company is entrtled lo exemiion from the requirement 10 obtain an audit under section 477 of Ihe Companies A(J 20C The members have not feoulred Ihe company to ofAain an awjil in SonI8nce wlh se(aion 478 of the Aci. The directors acknovAedge Iheir resrrf)nsitrflilias lor ComYon9 with the requirements of the Companies Ad 2006 wth respect lo accounling recoftjs and the preparalion of 8ccounls. The accounts have been prepared aThJ delivered in a¢cordance with the special provisions applicable to companies subjecl lo the small c()mpanies regime. The profil and loss account has nol b••n d4liv•rAd to tho Rggislrr ol Compani•5. Direclor Approved by the toord on O January 1900
MARYMASS FESTIVAL COMMIThEE Notes to the Accounts forthe year ended 31 May 2023 l Accounting policies as15 of prewrnion The accounts have been prepared under Ihe historie41 convention and in accofdance wllh FRS 102, The Finaneièl Rewrting Standard applicable in the UK aThJ Republic of Iland las 8PKAied lo small entities by seclion IA ol the slandardl. Turnov•r Turtsovei is measured ai thè lair value ol Ihe consKlerion rl¥Od or receivable. nei of discounts and value added taxes. Tumover Incl$ revenue ¢8med from the sale ol goods and from Ihe rendering ol seThices. Tumover from Ihe sale ol goods is recognised when the sJnificanl risks and rewalds ol ¢Y•yne(ship of the goods have transferred lo the buyei. Tumover from Ihe rendering of services is fec¢)Jnised ty refence lo the stage of completion of the contract. The staoe of comet10n of a conlratl is measured by comparing the costs incurred for work pertomed io date 10 the toial eim8ted costs. In¥e5éimints Invesimerkls in subsrdarie3. as3oGialo¥ and Joint ventures are measured al ¢091 1•88 ony accumulated impairmenl losses. Lisled Inveslments are measured it fair value. Unlisted nvèstmenls are measured al fair value unless ihe value cannol be measufed reliably, in which se Ihey are measure(t at cost less any 8ccumulaied impairment losses. Changes in f8ir valu? afe Included in the Pfofil and loss account. Debtors Short lerm deLrtors are measured 81 transaction lee Iwttlch is usually the Involce prlcel. less any impaimienl losses lor bad arbj doubtlul detls. Loan5 and other financial assets are ini11811y recognised at Iransaction price induding any transaction cosls and subsequently measured al amortised cost delermined using the offect4vg inlerest method, less any impaimienl losses for bad and doubtlul debls. Credltws Short ierm Cfedilors are messured ol Iransaclion ce {knich is u5u4lly Ihè Invoice prfce). Loans 8nd olhor financial li0.1111•S 4r8 initially recogni58d al t14ns4clion pnc8 nol 01 any Ifansgclion C051s and sut6equenlly measured ai amortised cost determined u&no Ihe efleclive Interest method. Taxation A current lax liability is rewnised for the lax payable on the tax4ble profrt of the current and pasl riods. A curTent lax assel is recooni5ed In ol a tax 105s that ¢8n be carried back lo recover lax paid in a rKevious perirAJ. Deferred lax is recwnised in fespecl of all liming diffenceS belween the recognition of Income and expenses In the finanual slalemenls and their Inclusion in tax 8sse5smenls. Unffjlieved lax losses and olher deferred lax 855ets are feo)gnised only lo Ihe extent that rt ts probaLle th81 Ihey 11 be reCoVed against the revefsal of delerred lax liabilities or other lulure taxable profits. Oelerred tax is measured usirwJ the tax rates and laws Ih8t have been en8cled or substantively enacted by the porting dale and that are expeded to aP[Y lo the fOV8rsal of tho liming dilfer8nrs. 8xC• foi r9vg1ii land 8nd inv8stmanl prop8rly whfe Ihe tay fate thal aptyie5 to the sele of the asset is used. Currenl defvred tax a55etS arbd liabilitie5 are not discounted_ Provisions
MARYMASS FESTIVAL COMMITTEE Notes to the Accounts for tho year ended 31 May 2023 Provi6ions li• liab'litiw of unc•rt4in timiThJ or amount) are reCnSod vknen th8re is an oblwtion 8t Ihe ièporting datè as 8 result of 8 past evenl il is ptobable thal eeA)nomic beftèfrt will be Iransferre¢J lo seltle Ihe oblvJation a1 the amounl of the obligalion can be estimated reliably P•nslons Conlribulions lo defined contribution Flans are expensed in the to which Ihey relate. 2 Employees 2023 Nurnr 2022 Number Average number of persons employed ty th8 0)mpany 3 Cr•ditors'. amount• lalling d4M wiihln on• y•ar 2023 2022 Olher credit(Ns 20.000 4 Otr Infofmatlon MARYMASS FESTIVAL COMPIITTEE is a privatè company limrted by shares and incorpoTaied n England. Its regislere(l office is..
MARYMASS FESTtVAL COMMITTEE Detailed profit and loss account forthe year ended 31 May 2023 Tris sch8duJg d06s not lom? part ofttre slalth acu>urts 20ZJ 2022 Incom• 72,195 Festival costs 154,312) Festival surplu• 17,883 Admlni*rative expenses 4.505 Sufplui 13,378 Surplus tor• lax 13.378
MARYMASS FESTIVAL COMMITTEE Detailed profft and loss a¢¢ount forthe year ended 31 May 2023 This sGheduts does not fomi pat oflhe st*(vy accourts 2023 2022 Income Donations Council grants 3.195 89.000 72.195 F•stival costs Purchases 54,312 Administrative expenses General adminislr8tive expen5es= Insurance 1,885 1.685 L•gal gnd prof•Gsion#l eosls.. Accounlancy fees Adverfi5ing and PR 1.320 1,500 2.820 58,817 Surplus for y•af 13,378