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REGISTERED NUMBER: 04459227 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Exhibition Freighting G.S.M. Limited

Exhibition Freighting G.S.M. Limited (Registered number: 04459227)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Exhibition Freighting G.S.M. Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr R A Bowman
Mr M T Armitage





REGISTERED OFFICE: Global House
Unit 5 Station Court
Station Approach
Borough Green
Kent
TN15 8AD





REGISTERED NUMBER: 04459227 (England and Wales)





ACCOUNTANTS: Accsys Accountants (Medway) Limited
F39 Innovation Centre Medway
Chatham
Kent
ME5 9FD

Exhibition Freighting G.S.M. Limited (Registered number: 04459227)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 16,248 19,909

CURRENT ASSETS
Debtors 5 304,729 285,357
Cash at bank and in hand 1,591,134 1,238,876
1,895,863 1,524,233
CREDITORS
Amounts falling due within one year 6 572,647 286,729
NET CURRENT ASSETS 1,323,216 1,237,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,339,464

1,257,413

PROVISIONS FOR LIABILITIES 3,390 3,239
NET ASSETS 1,336,074 1,254,174

CAPITAL AND RESERVES
Called up share capital 60 60
Capital redemption reserve 40 40
Retained earnings 1,335,974 1,254,074
1,336,074 1,254,174

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.

Exhibition Freighting G.S.M. Limited (Registered number: 04459227)

Statement of Financial Position - 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 14 February 2024 and were signed on its behalf by:




Mr R A Bowman - Director



Mr M T Armitage - Director


Exhibition Freighting G.S.M. Limited (Registered number: 04459227)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Exhibition Freighting G.S.M. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements relate to the individual entity only.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:


Plant and equipment 15% on written down value
Fixtures and fittings 15% on written down value
Computer equipment 25% on original cost
Motor vehicles 25 % on written down value
Leasehold property Straight line over the period of the lease

At each Statement of Financial Position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors.

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 statement of financial position date.


Exhibition Freighting G.S.M. Limited (Registered number: 04459227)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling on the date of the transaction. Exchange rate differences are taken into account in arriving at the operating profit.

Operating leases
Rentals paid under operating leases are charged in the Income Statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in Other Creditors as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Furniture &
Short term office Plant and
leasehold equipment equipment
£ £ £
COST
At 1 January 2023 2,927 28,581 10,436
Additions - - -
At 31 December 2023 2,927 28,581 10,436
DEPRECIATION
At 1 January 2023 2,927 24,156 6,596
Charge for year - 663 576
At 31 December 2023 2,927 24,819 7,172
NET BOOK VALUE
At 31 December 2023 - 3,762 3,264
At 31 December 2022 - 4,425 3,840

Exhibition Freighting G.S.M. Limited (Registered number: 04459227)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 January 2023 28,254 63,321 133,519
Additions - 1,493 1,493
At 31 December 2023 28,254 64,814 135,012
DEPRECIATION
At 1 January 2023 22,667 57,264 113,610
Charge for year 1,397 2,518 5,154
At 31 December 2023 24,064 59,782 118,764
NET BOOK VALUE
At 31 December 2023 4,190 5,032 16,248
At 31 December 2022 5,587 6,057 19,909

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 274,936 247,070
Other debtors 29,793 38,287
304,729 285,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade creditors 390,774 154,147
Corporation tax payable 156,410 112,980
Social security and other taxes 18,613 13,002
Accruals and deferred income 6,850 6,600
572,647 286,729

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£ £
Within one year 9,982 9,967
Between one and five years 16,668 26,305
26,650 36,272