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Company Registration No. 13703592 (England and Wales)
Next Exhibition Group Ltd Unaudited accounts for the year ended 31 December 2023
Next Exhibition Group Ltd Unaudited accounts Contents
Page
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Next Exhibition Group Ltd Company Information for the year ended 31 December 2023
Directors
Matteo Zaccagni Alberto Bressan Roberto Indiano Nicholas Marius James Zuppar
Company Number
13703592 (England and Wales)
Registered Office
20 Fitzroy Square London W1T 6EJ England
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Next Exhibition Group Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
- 
33,583 
Debtors
3,274 
126,299 
Cash at bank and in hand
5,983 
50,420 
9,257 
210,302 
Creditors: amounts falling due within one year
(482,512)
(495,342)
Net current liabilities
(473,255)
(285,040)
Net liabilities
(473,255)
(285,040)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(473,256)
(285,041)
Shareholders' funds
(473,255)
(285,040)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by
Alberto Bressan Director Company Registration No. 13703592
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Next Exhibition Group Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Next Exhibition Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13703592. The registered office is 20 Fitzroy Square, London, W1T 6EJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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Next Exhibition Group Ltd Notes to the Accounts for the year ended 31 December 2023
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
10,909 
Trade debtors
1,878 
82,872 
Accrued income and prepayments
1,218 
13,530 
Other debtors
178 
18,988 
3,274 
126,299 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,067 
- 
Trade creditors
117,826 
106,616 
Amounts owed to group undertakings and other participating interests
337,736 
125,914 
Taxes and social security
- 
4,204 
Other creditors
19,443 
185,717 
Accruals
1,440 
72,891 
482,512 
495,342 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Transactions with related parties
The company has taken advantage of the exemption in FRS 102 Section 33 Related Party Disclosures from disclosing transactions with wholly owned members of the group headed by Next Exhibition Srl.
8
Controlling party
The company's parent and ultimate parent undertaking is Next Exhibition Srl, a company registered in Italy whose registered office address is Via Giuseppe Galliano 15, 10129 Torino, Italy.
9
Average number of employees
During the year the average number of employees was 4 (2022: 2).
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