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Company Registration No. 13899360 (England and Wales)
LTS Events Limited Unaudited accounts for the year ended 29 February 2024
LTS Events Limited Unaudited accounts Contents
Page
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LTS Events Limited Company Information for the year ended 29 February 2024
Directors
Robert Williams Wayne Whitson
Company Number
13899360 (England and Wales)
Registered Office
Unit 1-5 Hawes Hill Farm Drift Road, Winkfield Windsor Berkshire SL4 4QQ England
Accountants
Linggard and Thomas Kew an Lergh Stret Myghtern Arthur Nansledan Cornwall TR8 4UX
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LTS Events Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
275,832 
108,413 
Current assets
Debtors
179,411 
122,328 
Cash at bank and in hand
18,238 
49,183 
197,649 
171,511 
Creditors: amounts falling due within one year
(220,406)
(111,369)
Net current (liabilities)/assets
(22,757)
60,142 
Total assets less current liabilities
253,075 
168,555 
Creditors: amounts falling due after more than one year
(69,563)
- 
Provisions for liabilities
Deferred tax
(48,400)
(20,599)
Net assets
135,112 
147,956 
Capital and reserves
Called up share capital
2 
1 
Profit and loss account
135,110 
147,955 
Shareholders' funds
135,112 
147,956 
For the year ending 29 February 2024 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 18 July 2024 and were signed on its behalf by
Robert Williams Director Company Registration No. 13899360
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LTS Events Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
LTS Events Limited is a private company, limited by shares, registered in England and Wales, registration number 13899360. The registered office is Unit 1-5, Hawes Hill Farm, Drift Road, Winkfield, Windsor, Berkshire, SL4 4QQ, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years
Plant & machinery
33% straight line
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
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LTS Events Limited Notes to the Accounts for the year ended 29 February 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
3,327 
110,717 
34,500 
686 
149,230 
Additions
7,280 
211,223 
100,289 
9,636 
328,428 
Disposals
- 
- 
(24,000)
- 
(24,000)
At 29 February 2024
10,607 
321,940 
110,789 
10,322 
453,658 
Depreciation
At 1 March 2023
333 
36,906 
3,406 
172 
40,817 
Charge for the year
1,061 
107,314 
29,971 
2,538 
140,884 
On disposals
- 
- 
(3,875)
- 
(3,875)
At 29 February 2024
1,394 
144,220 
29,502 
2,710 
177,826 
Net book value
At 29 February 2024
9,213 
177,720 
81,287 
7,612 
275,832 
At 28 February 2023
2,994 
73,811 
31,094 
514 
108,413 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
178,774 
100,098 
Other debtors
637 
22,230 
179,411 
122,328 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
18,416 
15,091 
Obligations under finance leases and hire purchase contracts
21,014 
- 
Trade creditors
140,832 
80,492 
Taxes and social security
12,836 
10,783 
Other creditors
18,279 
3,091 
Loans from directors
7,704 
- 
Accruals
1,325 
1,912 
220,406 
111,369 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
69,563 
- 
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LTS Events Limited Notes to the Accounts for the year ended 29 February 2024
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 29 February 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
41,244 
8,250 
Later than one year and not later than five years
41,244 
- 
82,488 
8,250 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Interest free loan
6,930 
- 
6,930 
- 
6,930 
- 
6,930 
- 
10
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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