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REGISTERED NUMBER: 05912979 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PLASA EVENTS LTD

PLASA EVENTS LTD (REGISTERED NUMBER: 05912979)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLASA EVENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S S McGreevy
P Heath





REGISTERED OFFICE: Redoubt House
Edward Road
Eastbourne
East Sussex
BN23 8AS





REGISTERED NUMBER: 05912979 (England and Wales)





ACCOUNTANTS: Xynamo 5 Ltd
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH

PLASA EVENTS LTD (REGISTERED NUMBER: 05912979)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 6 265,286 502,589
Cash at bank 505,841 332,443
771,127 835,032
CREDITORS
Amounts falling due within one year 7 321,648 333,118
NET CURRENT ASSETS 449,479 501,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,479

501,914

CREDITORS
Amounts falling due after more than one
year

8

-

100,000
NET ASSETS 449,479 401,914

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 448,479 400,914
449,479 401,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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.

PLASA EVENTS LTD (REGISTERED NUMBER: 05912979)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:




S S McGreevy - Director



P Heath - Director


PLASA EVENTS LTD (REGISTERED NUMBER: 05912979)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Plasa Events Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

PLASA EVENTS LTD (REGISTERED NUMBER: 05912979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 150,000
AMORTISATION
At 1 January 2023
and 31 December 2023 150,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 4,312
DEPRECIATION
At 1 January 2023
and 31 December 2023 4,312
NET BOOK VALUE
At 31 December 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 115,298 63,370
Amounts owed by group undertakings 95,945 401,950
Other debtors 54,043 37,269
265,286 502,589

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,660 (464 )
Taxation and social security 20,907 41,296
Other creditors 295,081 292,286
321,648 333,118

PLASA EVENTS LTD (REGISTERED NUMBER: 05912979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 100,000

9. RELATED PARTY DISCLOSURES

The company made purchases of £98,707 (2022 - £72,508) from PLASA Limited, a company registered in England and Wales and under common control of the Professional Lighting and Sound Association. The balance owing from PLASA Limited was £95,945 at 31 December 2023 (2022 - £401,950) and is included in debtors.

During the year £750,000 dividends (2022 - £250,000) were voted in favour of PLASA Limited.

The company made sales of £5,390 (2022 - £1,061) to PLASA Media Limited, a company registered in England and Wales and under common control of the Professional Light and Sound Association.

The company made sales of £Nil (2022 - £37,025) to PLASA Limited, a company registered in England and Wales and under common control of Professional Light and Sound Association.

10. ULTIMATE CONTROLLING PARTY

The company is wholly owned and controlled by the Professional Lighting and Sound Association.