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REGISTERED NUMBER: 04590739 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CFS EVENTS LIMITED

CFS EVENTS LIMITED (REGISTERED NUMBER: 04590739)






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


CFS EVENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs C F Phillips
Mr J A Phillips
Mrs R L M Bull
Ms D Stewart





SECRETARY: Mr J A Phillips





REGISTERED OFFICE: Unit E Mindenhall Court
17 High Street
Stevenage
Herts
SG1 3UN





REGISTERED NUMBER: 04590739 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

CFS EVENTS LIMITED (REGISTERED NUMBER: 04590739)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 911,238 1,106,117

CURRENT ASSETS
Debtors 6 476,529 390,697
Cash at bank and in hand 474,034 83,644
950,563 474,341
CREDITORS
Amounts falling due within one year 7 753,542 414,565
NET CURRENT ASSETS 197,021 59,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,108,259

1,165,893

CREDITORS
Amounts falling due after more than one year 8 (478,660 ) (536,908 )

PROVISIONS FOR LIABILITIES (3,138 ) (2,311 )
NET ASSETS 626,461 626,674

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 626,361 626,574
SHAREHOLDERS' FUNDS 626,461 626,674

CFS EVENTS LIMITED (REGISTERED NUMBER: 04590739)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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.

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 16 July 2024 and were signed on its behalf by:





Mrs R L M Bull - Director


CFS EVENTS LIMITED (REGISTERED NUMBER: 04590739)

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

1. STATUTORY INFORMATION

CFS Events 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services exclusive of value added tax.

Turnover does not include the disbursed costs the company recharges on to its' customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property- Not depreciated
Improvement to property- 25% reducing balance
Plant and machinery- 25% reducing balance
Fixtures and fittings- 25% reducing balance

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.

Deferred tax
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.

CFS EVENTS LIMITED (REGISTERED NUMBER: 04590739)

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

3. ACCOUNTING POLICIES - continued

Foreign currencies
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 at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts
Long term contracts are recongnised in accordance with FRS 102 in that revenue is recognised by reference to the stage of completion of each transaction at the end of the reporting period.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 17 ) .

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 1,084,274 14,443 8,846
Additions - - -
Disposals (192,805 ) - -
At 31 December 2023 891,469 14,443 8,846
DEPRECIATION
At 1 January 2023 - 5,421 8,763
Charge for year - 2,406 21
At 31 December 2023 - 7,827 8,784
NET BOOK VALUE
At 31 December 2023 891,469 6,616 62
At 31 December 2022 1,084,274 9,022 83

CFS EVENTS LIMITED (REGISTERED NUMBER: 04590739)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 33,015 - 1,140,578
Additions 2,342 1,838 4,180
Disposals - - (192,805 )
At 31 December 2023 35,357 1,838 951,953
DEPRECIATION
At 1 January 2023 20,277 - 34,461
Charge for year 3,482 345 6,254
At 31 December 2023 23,759 345 40,715
NET BOOK VALUE
At 31 December 2023 11,598 1,493 911,238
At 31 December 2022 12,738 - 1,106,117

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 244,801 240,025
Other debtors 44,037 114,647
Prepayments and accrued income 187,691 36,025
476,529 390,697

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 50,100 50,100
Trade creditors 19,222 10,078
Tax 4,842 39,564
Social security and other taxes 11,291 35,286
Pension liability 3,058 4,583
VAT 93,401 46,213
Other creditors 1,633 7,235
Directors' current accounts 84 84
Accruals and deferred income 569,911 221,422
753,542 414,565

CFS EVENTS LIMITED (REGISTERED NUMBER: 04590739)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 51,200 51,200
Bank loans - 2-5 years 117,833 137,833
Bank loans more 5 yr by instal 309,627 347,875
478,660 536,908

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 309,627 347,875

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 5,256 5,256
Between one and five years 10,512 10,512
15,768 15,768

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 528,760 587,008

There is a charge over the directors' personal property in order to secure the mortgages on the freehold property.