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REGISTERED NUMBER: 05997284 (England and Wales)












EMPHASIS EVENT PRODUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






EMPHASIS EVENT PRODUCTION LIMITED (REGISTERED NUMBER: 05997284)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EMPHASIS EVENT PRODUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: R J Praine



REGISTERED OFFICE: Unit 14
Belgrave Industrial Estate
Belgrave Road
Southampton
Hampshire
SO17 3EA



REGISTERED NUMBER: 05997284 (England and Wales)



BANKERS: TSB Bank Plc
19-21 High Street
Southampton
Hampshire
SO14 2DF

EMPHASIS EVENT PRODUCTION LIMITED (REGISTERED NUMBER: 05997284)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 9,339 12,451
Tangible assets 5 35,149 39,607
44,488 52,058

CURRENT ASSETS
Debtors 6 11,619 25,145
Cash at bank 182,180 153,474
193,799 178,619
CREDITORS
Amounts falling due within one year 7 (51,463 ) (45,962 )
NET CURRENT ASSETS 142,336 132,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,824

184,715

CREDITORS
Amounts falling due after more than one year 8 (16,514 ) (26,612 )

PROVISIONS FOR LIABILITIES (8,788 ) (9,678 )
NET ASSETS 161,522 148,425

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 160,522 147,425
SHAREHOLDERS' FUNDS 161,522 148,425

EMPHASIS EVENT PRODUCTION LIMITED (REGISTERED NUMBER: 05997284)

BALANCE SHEET - continued
30 NOVEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





R J Praine - Director


EMPHASIS EVENT PRODUCTION LIMITED (REGISTERED NUMBER: 05997284)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Emphasis Event Production 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due net of VAT.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006 was originally being amortised evenly over its estimated useful life of twenty years. Following the adoption of FRS102 in 2016, the goodwill was deemed to have a remaining estimated useful life of ten years, and is therefore being amortised evenly over these remaining ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% Reducing balance
Fixtures and fittings - 20% Reducing balance
Motor vehicles - 20% Reducing balance
Computer equipment - Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.


EMPHASIS EVENT PRODUCTION LIMITED (REGISTERED NUMBER: 05997284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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 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.

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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

EMPHASIS EVENT PRODUCTION LIMITED (REGISTERED NUMBER: 05997284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 December 2022
and 30 November 2023 62,229
AMORTISATION
At 1 December 2022 49,778
Charge for year 3,112
At 30 November 2023 52,890
NET BOOK VALUE
At 30 November 2023 9,339
At 30 November 2022 12,451

EMPHASIS EVENT PRODUCTION LIMITED (REGISTERED NUMBER: 05997284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 December 2022 101,014 99 25,390 - 126,503
Additions 1,968 - - 2,836 4,804
At 30 November 2023 102,982 99 25,390 2,836 131,307
DEPRECIATION
At 1 December 2022 70,536 58 16,302 - 86,896
Charge for year 6,490 9 1,818 945 9,262
At 30 November 2023 77,026 67 18,120 945 96,158
NET BOOK VALUE
At 30 November 2023 25,956 32 7,270 1,891 35,149
At 30 November 2022 30,478 41 9,088 - 39,607

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 10,706 24,232
Other debtors 913 913
11,619 25,145

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,098 9,849
Hire purchase contracts - 2,420
Trade creditors 7,833 2,389
Taxation and social security 23,419 19,437
Other creditors 10,113 11,867
51,463 45,962

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 16,514 26,612

EMPHASIS EVENT PRODUCTION LIMITED (REGISTERED NUMBER: 05997284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts - 2,420

The hire purchase debt is secured against the asset to which it relates.