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REGISTERED NUMBER: 11113980 (England and Wales)




















DIRECTOR'S REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

EVENTS & FREIGHT SOLUTIONS LIMITED

EVENTS & FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 11113980)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Director's Report 2

Income Statement 3

Other Comprehensive Income 4

Balance Sheet 5

Statement of Changes in Equity 7

Notes to the Financial Statements 8


EVENTS & FREIGHT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: A Aliyev





REGISTERED OFFICE: Ikra Park
Mulberry Way
Belvedere
Kent
DA17 6AN





REGISTERED NUMBER: 11113980 (England and Wales)





ACCOUNTANTS: Mehta & Tengra
Chartered Accountants
9 Berners Place
London
W1T 3AD

EVENTS & FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 11113980)

DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022


The director presents his report with the financial statements of the company for the year ended 31 December 2022.

PRINCIPAL ACTIVITIES
The principal activities of the company in the year under review were those of freight transport by road and real estate.

REVIEW OF BUSINESS
The results for the year and financial position of the company are as shown in the annexed financial statements.

FUTURE DEVELOPMENTS
The company expects to maintain its highly successful relationship with its suppliers and the loyalty of its customers and hopes to continue its hitherto escalating growth pattern.

DIRECTOR
A Aliyev held office during the whole of the period from 1 January 2022 to the date of this report.

FINANCIAL INSTRUMENTS
The company's principal financial instruments comprise bank balances and trade creditors.

The main purpose of these instruments is to provide finance for its day to day operations.

The trade creditors liquidity risks are managed by ensuring sufficient funds are available to meet the amounts due.

DONATIONS
£4,568 were paid to different UK registered charities.

RELATED PARTY TRANSACTIONS
Other than the transactions stated in note 12 and 13 to the financial statements, the director did not have any other material interests at any time during the year in any contracts of significance in relation to the business of the company.

FIXED ASSETS
Changes in fixed assets are given in notes 5 and 6 to the financial statements.

TAXATION STATUS
The Company is a close Company within the provisions of the Income & Corporation Taxes Act 2010.

POST BALANCE SHEET EVENTS
There were no significant events to report.

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:





A Aliyev - Director


29 September 2023

EVENTS & FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 11113980)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2022

2022 2021
Notes £    £   

TURNOVER 1,393,784 2,864,360

Cost of sales (1,368,451 ) (2,829,619 )
GROSS PROFIT 25,333 34,741

Administrative expenses 7,445 (104,406 )
32,778 (69,665 )

Other operating income 111,044 85,182
OPERATING PROFIT 143,822 15,517

Income from participating interests 30,524 -
PROFIT BEFORE TAXATION 174,346 15,517

Tax on profit 4 (33,126 ) (2,675 )
PROFIT FOR THE FINANCIAL YEAR 141,220 12,842

EVENTS & FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 11113980)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2022

2022 2021
Notes £    £   

PROFIT FOR THE YEAR 141,220 12,842


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

141,220

12,842

EVENTS & FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 11113980)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Investments 5 1,042,385 1,042,385
Investment property 6 544,420 523,510
1,586,805 1,565,895

CURRENT ASSETS
Debtors 7 771,393 800,376
Cash at bank 174,506 135,683
945,899 936,059
CREDITORS
Amounts falling due within one year 8 (1,256,765 ) (1,312,913 )
NET CURRENT LIABILITIES (310,866 ) (376,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,275,939

1,189,041

CREDITORS
Amounts falling due after more than one
year

9

(1,113,790

)

(1,168,112

)
NET ASSETS 162,149 20,929

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 161,149 19,929
SHAREHOLDERS' FUNDS 162,149 20,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

EVENTS & FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 11113980)

BALANCE SHEET - continued
31 DECEMBER 2022


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 director and authorised for issue on 29 September 2023 and were signed by:





A Aliyev - Director


EVENTS & FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 11113980)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 January 2021 1,000 7,087 8,087

Changes in equity
Total comprehensive income - 12,842 12,842
Balance at 31 December 2021 1,000 19,929 20,929

Changes in equity
Total comprehensive income - 141,220 141,220
Balance at 31 December 2022 1,000 161,149 162,149

EVENTS & FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 11113980)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Events & Freight Solutions 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 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

EVENTS & FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 11113980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions in foreign currencies are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement. Non- monetary assets and liabilities that are measured in terms of the historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.

Long term monetary items are translated at the year end rate.

The assets and liabilities of foreign operations arising on consolidation are translated at foreign exchange rates ruling at the balance sheet date. The revenues and expenses of foreign operations are translated at an average rate for the period where this rate approximates to the foreign exchange rates ruling at the dates of the transactions.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand.

Trade and other debtors
Trade and other debtors are initially recognised at fair value,less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as creditors falling due within one year if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as creditors falling due after one year.

Trade creditors are recognised at the undiscounted amount owed to the supplier, which is normally the invoice price.

3. EMPLOYEES AND DIRECTORS
2022 2021
£    £   
Wages and salaries 48,781 79,247

The average number of employees during the year was as follows:
2022 2021

Sales & administration 2 5

2022 2021
£    £   
Director's remuneration - -

EVENTS & FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 11113980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2022 2021
£    £   
Current tax:
UK corporation tax 33,126 2,675
Tax on profit 33,126 2,675

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is the same as the standard rate of corporation tax in the UK.

2022 2021
£    £   
Profit before tax 174,346 15,517
Profit multiplied by the standard rate of corporation tax in the UK of
19% (2021 - 19%)

33,126

2,948

Effects of:
Trading losses brought forward from last year - (273 )
Total tax charge 33,126 2,675

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 January 2022
and 31 December 2022 1,042,385
NET BOOK VALUE
At 31 December 2022 1,042,385
At 31 December 2021 1,042,385

The company is an equal member in WEP Properties LLP.

EVENTS & FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 11113980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 523,510
Additions 20,910
At 31 December 2022 544,420
NET BOOK VALUE
At 31 December 2022 544,420
At 31 December 2021 523,510

Investment property was valued on an open market basis by the director.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 739,491 699,975
Amounts owed by participating interests 30,524 -
Other debtors 1,378 3,081
Other taxation - 97,320
771,393 800,376

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,159,082 1,292,589
Corporation tax 35,801 2,675
VAT 3,201 -
Other creditors 12,500 12,500
Accrued expenses 46,181 5,149
1,256,765 1,312,913

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Shareholder loan account 1,113,790 1,168,112

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1,000 Ordinary 1 1,000 1,000

EVENTS & FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 11113980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


11. RESERVES
Retained
earnings
£   

At 1 January 2022 19,929
Profit for the year 141,220
At 31 December 2022 161,149

12. RELATED PARTY DISCLOSURES

Events & Freight solutions Limited is a designated member of a limited liability partnership.The amounts due, disclosed under fixed asset investments, from the limited liability partnership at the balance sheet date was £1,042,385 (2021:£1,042,385).Amounts owed by participating interest, disclosed under debtors was £30,524 (2021:£Nil).

At the balance sheet date the company owed £1,113,790 (2021:£1,168,112) to one of its shareholders.The shareholder's loan is non interest bearing and has no fixed repayment terms.

The director of Events & Freight Solutions Ltd is also a director of another UK registered Company.
During the year, Events & Freight Solutions Ltd sold goods amounting to £67,194(2021:£1,203,846) to the company and purchased goods amounting to £100,306(2021:£86,413) from the company.

At the balance sheet date, the amounts due from the company was £11,020(2021:£37,981) and amounts payable to the company was £43,478 (2021 £2,881).During the year the company received management fees of £42,293 (2021:£75,317) from the related company.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Amir Aliyev and Mr Kamran Abdurazagov.