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REGISTERED NUMBER: 05429795 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AZTEC EVENT SERVICES LTD

AZTEC EVENT SERVICES LTD (REGISTERED NUMBER: 05429795)

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


AZTEC EVENT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J D Robson
K Robson
S Colesell





SECRETARY: J D Robson





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 05429795 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

AZTEC EVENT SERVICES LTD (REGISTERED NUMBER: 05429795)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,519,618 1,027,066
1,519,618 1,027,066

CURRENT ASSETS
Debtors 6 1,442,341 887,903
Cash at bank and in hand 1,304,568 827,320
2,746,909 1,715,223
CREDITORS
Amounts falling due within one year 7 1,818,827 1,176,023
NET CURRENT ASSETS 928,082 539,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,447,700

1,566,266

CREDITORS
Amounts falling due after more than one
year

8

(871,206

)

(695,661

)

PROVISIONS FOR LIABILITIES 11 (312,797 ) (150,055 )
NET ASSETS 1,263,697 720,550

CAPITAL AND RESERVES
Called up share capital 12 220,000 220,000
Share premium 5,000 5,000
Capital redemption reserve 15,000 15,000
Retained earnings 1,023,697 480,550
SHAREHOLDERS' FUNDS 1,263,697 720,550

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.

AZTEC EVENT SERVICES LTD (REGISTERED NUMBER: 05429795)

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 18 April 2024 and were signed on its behalf by:





J D Robson - Director


AZTEC EVENT SERVICES LTD (REGISTERED NUMBER: 05429795)

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


1. STATUTORY INFORMATION

Aztec Event Services 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 represents net invoiced sales of the provision of audio and visual equipment, excluding value added tax. Services are recognised as turnover once they have been completed.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 20% on cost and at varying rates 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

AZTEC EVENT SERVICES LTD (REGISTERED NUMBER: 05429795)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2022 - 53 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 154,909
AMORTISATION
At 1 January 2023
and 31 December 2023 154,909
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 4,516,805
Additions 806,714
Disposals (19,972 )
At 31 December 2023 5,303,547
DEPRECIATION
At 1 January 2023 3,489,739
Charge for year 306,549
Eliminated on disposal (12,359 )
At 31 December 2023 3,783,929
NET BOOK VALUE
At 31 December 2023 1,519,618
At 31 December 2022 1,027,066

AZTEC EVENT SERVICES LTD (REGISTERED NUMBER: 05429795)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 852,407
Additions 711,376
At 31 December 2023 1,563,783
DEPRECIATION
At 1 January 2023 52,338
Charge for year 245,570
At 31 December 2023 297,908
NET BOOK VALUE
At 31 December 2023 1,265,875
At 31 December 2022 800,069

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 441,788 51,236
Other debtors 1,000,553 836,667
1,442,341 887,903

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 120,000 120,000
Hire purchase contracts (see note 9) 412,010 253,726
Trade creditors 338,146 394,305
Taxation and social security 367,597 154,528
Other creditors 581,074 253,464
1,818,827 1,176,023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 160,000 280,000
Hire purchase contracts (see note 9) 711,206 415,661
871,206 695,661

AZTEC EVENT SERVICES LTD (REGISTERED NUMBER: 05429795)

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


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 412,010 253,726
Between one and five years 711,206 415,661
1,123,216 669,387

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 250,322 202,866
Between one and five years 540,476 624,504
790,798 827,370

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 280,000 400,000

National Westminster Bank PLC hold a fixed and floating charge dated 11 June 2009 over all of the company's assets.

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 312,797 150,055

Deferred
tax
£   
Balance at 1 January 2023 150,055
Movement in deferred tax 162,742
Balance at 31 December 2023 312,797

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100,000 Ordinary £1.00 100,000 100,000
45,000 Ordinary B £1.00 45,000 45,000
75,000 Preference £1.00 75,000 75,000
220,000 220,000

AZTEC EVENT SERVICES LTD (REGISTERED NUMBER: 05429795)

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


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
Director
Balance outstanding at start of year - 450
Amounts advanced 35,000 25,000
Amounts repaid (35,000 ) (25,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Director
Balance outstanding at start of year - -
Amounts advanced 35,000 25,000
Amounts repaid (35,000 ) (25,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Director
Balance outstanding at start of year - 450
Amounts advanced 50,000 40,000
Amounts repaid (50,000 ) (40,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -