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REGISTERED NUMBER: 01591371 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Exhibition Freighting Limited

Exhibition Freighting Limited (Registered number: 01591371)






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 Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr N Goatcher
Mr C P M Travers
Mr D Clements





SECRETARY: Mr N Goatcher





REGISTERED OFFICE: The Granary
Moat Farm
Collier Street
Marden
Kent
TN12 9RR





REGISTERED NUMBER: 01591371 (England and Wales)





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

Exhibition Freighting Limited (Registered number: 01591371)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,614 53,939

CURRENT ASSETS
Debtors 5 1,783,587 1,624,168
Cash at bank and in hand 1,480,903 1,130,336
3,264,490 2,754,504
CREDITORS
Amounts falling due within one year 6 1,279,607 1,008,662
NET CURRENT ASSETS 1,984,883 1,745,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,059,497

1,799,781

CREDITORS
Amounts falling due after more than one
year

7

-

(25,033

)

PROVISIONS FOR LIABILITIES (2,716 ) (4,534 )
NET ASSETS 2,056,781 1,770,214

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 2,055,681 1,769,114
2,056,781 1,770,214

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 Limited (Registered number: 01591371)

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 26 March 2024 and were signed on its behalf by:




Mr N Goatcher - Director



Mr C P M Travers - Director


Exhibition Freighting Limited (Registered number: 01591371)

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

1. STATUTORY INFORMATION

Exhibition Freighting 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 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts. The company recognises income from service contracts when it obtains the right to consideration.

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:


Short leasehold Straight line over the period of the lease
Office equipment and fixtures 15% on written down value
Computer equipment 25% on original cost
Plant and equipment 15% on written down value
Motor vehicles 25% on written down value

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 Limited (Registered number: 01591371)

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 differences are taken into account in arriving at the operating profit.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Income Statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Income Statement as incurred.

Pensions
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.

Operating lease income
Income from operating leases is recognised on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

Exhibition Freighting Limited (Registered number: 01591371)

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

4. TANGIBLE FIXED ASSETS
Leasehold
Short property Plant and
leasehold improvements equipment
£    £    £   
COST
At 1 January 2023 13,448 - 17,463
Additions - 32,913 -
At 31 December 2023 13,448 32,913 17,463
DEPRECIATION
At 1 January 2023 13,448 - 14,453
Charge for year - - 452
At 31 December 2023 13,448 - 14,905
NET BOOK VALUE
At 31 December 2023 - 32,913 2,558
At 31 December 2022 - - 3,010

Office
equipment
and Motor Computer
fixtures vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 53,576 80,965 102,653 268,105
Additions - - 2,806 35,719
At 31 December 2023 53,576 80,965 105,459 303,824
DEPRECIATION
At 1 January 2023 43,694 46,808 95,763 214,166
Charge for year 1,591 8,539 4,462 15,044
At 31 December 2023 45,285 55,347 100,225 229,210
NET BOOK VALUE
At 31 December 2023 8,291 25,618 5,234 74,614
At 31 December 2022 9,882 34,157 6,890 53,939

The gross amount of assets held by the company for use in operating leases at the Statement of Financial Position date was £15,796 ( 2022 : £15,796). The related accumulated depreciation charged on these assets amounted to £13,561 (2022 : £13,166)

Exhibition Freighting Limited (Registered number: 01591371)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 80,965
Transfer to ownership (80,965 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 46,808
Transfer to ownership (46,808 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 34,157

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 1,325,048 1,149,686
Amounts owed by group undertakings 142,982 142,982
Other debtors 261,417 261,292
Directors' current accounts 10,503 -
VAT - 6,571
1,739,950 1,560,531

Amounts falling due after more than one year:
Other debtors 43,637 63,637

Aggregate amounts 1,783,587 1,624,168

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 8) - 9,483
Trade creditors 245,607 318,091
Tax 317,746 200,631
Social security and other taxes 30,110 17,688
VAT 2,499 -
Other creditors 683,645 462,769
1,279,607 1,008,662

Exhibition Freighting Limited (Registered number: 01591371)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 8) - 25,033

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year - 9,483
Between one and five years - 25,033
- 34,516

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 33,720 18,871
Between one and five years 46,941 29,376
80,661 48,247

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts - 34,516

The above liabilities are secured on the assets to which the liabilities relate.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr C P M Travers
Balance outstanding at start of year - -
Amounts advanced 10,503 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,503 -

Exhibition Freighting Limited (Registered number: 01591371)

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

11. RELATED PARTY DISCLOSURES

EF ( Holdings ) Limited, a company incorporated in England, is the ultimate parent company.