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REGISTERED NUMBER: 03798627 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EXHIBITIONS AND DISPLAYS DIRECT LTD.

EXHIBITIONS AND DISPLAYS DIRECT LTD. (REGISTERED NUMBER: 03798627)






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


EXHIBITIONS AND DISPLAYS DIRECT LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: N P Martin
S Martin
N L Brown





REGISTERED OFFICE: Lawes & Co
Boyce's Building
40-42 Regents Street
Clifton
Bristol
BS8 4HU





REGISTERED NUMBER: 03798627 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

EXHIBITIONS AND DISPLAYS DIRECT LTD. (REGISTERED NUMBER: 03798627)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 44,867 24,812
44,867 24,812

CURRENT ASSETS
Inventories 28,000 30,000
Debtors 6 163,802 142,006
Cash at bank and in hand 726,723 608,787
918,525 780,793
CREDITORS
Amounts falling due within one year 7 477,236 424,677
NET CURRENT ASSETS 441,289 356,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

486,156

380,928

CREDITORS
Amounts falling due after more than
one year

8

(47,500

)

(77,500

)

PROVISIONS FOR LIABILITIES 11 (7,176 ) (5,573 )
NET ASSETS 431,480 297,855

EXHIBITIONS AND DISPLAYS DIRECT LTD. (REGISTERED NUMBER: 03798627)

BALANCE SHEET - continued
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 151 151
Retained earnings 431,329 297,704
SHAREHOLDERS' FUNDS 431,480 297,855

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 21 August 2024 and were signed on its behalf by:





N L Brown - Director


EXHIBITIONS AND DISPLAYS DIRECT LTD. (REGISTERED NUMBER: 03798627)

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

1. STATUTORY INFORMATION

Exhibitions And Displays Direct 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


EXHIBITIONS AND DISPLAYS DIRECT LTD. (REGISTERED NUMBER: 03798627)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 1999, has been fully amortised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

EXHIBITIONS AND DISPLAYS DIRECT LTD. (REGISTERED NUMBER: 03798627)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 21,300
AMORTISATION
At 1 January 2023
and 31 December 2023 21,300
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 210,139 39,900 250,039
Additions 5,265 30,450 35,715
Disposals - (14,500 ) (14,500 )
At 31 December 2023 215,404 55,850 271,254
DEPRECIATION
At 1 January 2023 190,702 34,525 225,227
Charge for year 6,176 8,781 14,957
Eliminated on disposal - (13,797 ) (13,797 )
At 31 December 2023 196,878 29,509 226,387
NET BOOK VALUE
At 31 December 2023 18,526 26,341 44,867
At 31 December 2022 19,437 5,375 24,812

EXHIBITIONS AND DISPLAYS DIRECT LTD. (REGISTERED NUMBER: 03798627)

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

5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 7,500 14,750 22,250
DEPRECIATION
At 1 January 2023 5,127 11,250 16,377
Charge for year - 875 875
At 31 December 2023 5,127 12,125 17,252
NET BOOK VALUE
At 31 December 2023 2,373 2,625 4,998
At 31 December 2022 2,373 3,500 5,873

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 85,951 63,909
Other debtors 77,851 78,097
163,802 142,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 30,000 30,000
Trade creditors 67,345 89,225
Taxation and social security 154,633 206,039
Other creditors 225,258 99,413
477,236 424,677

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 47,500 77,500

EXHIBITIONS AND DISPLAYS DIRECT LTD. (REGISTERED NUMBER: 03798627)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year - 733

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 77,500 107,500

The company's bankers have fixed and floating charges over all of the company's assets.

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 7,176 5,573

Deferred
tax
£   
Balance at 1 January 2023 5,573
Accelerated capital allowances 1,603
Balance at 31 December 2023 7,176

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
103 Ordinary A £1 103 103
44 Ordinary B £1 44 44
4 Ordinary C £1 4 4
151 151

13. ULTIMATE PARENT COMPANY

The parent company is EDD Holdings Limited.

Registered office: Boyce's Building, 40-42 Regent Street, Clifton, Bristol, BS8 4HU.