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REGISTERED NUMBER: SC517252 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Pratt Bros (Exhibitions) Limited

Pratt Bros (Exhibitions) Limited (Registered number: SC517252)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pratt Bros (Exhibitions) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K J Hope





REGISTERED OFFICE: East Gate
Royal Highland Centre
Ingliston
Edinburgh
EH28 8NF





REGISTERED NUMBER: SC517252 (Scotland)





ACCOUNTANTS: J S Accounting Services Limited
13-15 Morningside Drive
EDINBURGH
EH10 5LZ

Pratt Bros (Exhibitions) Limited (Registered number: SC517252)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,149 81,480

CURRENT ASSETS
Stocks 6,687 1,586
Debtors 5 55,005 23,953
Cash at bank 486,066 382,345
547,758 407,884
CREDITORS
Amounts falling due within one year 6 420,884 286,645
NET CURRENT ASSETS 126,874 121,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,023

202,719

ACCRUALS AND DEFERRED INCOME 660 -
NET ASSETS 235,363 202,719

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 235,362 202,718
SHAREHOLDERS' FUNDS 235,363 202,719

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2024 and were signed by:



K J Hope - Director


Pratt Bros (Exhibitions) Limited (Registered number: SC517252)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Pratt Bros (Exhibitions) Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks 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.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Pratt Bros (Exhibitions) Limited (Registered number: SC517252)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 216,642
Additions 51,797
At 31 December 2023 268,439
DEPRECIATION
At 1 January 2023 135,162
Charge for year 24,128
At 31 December 2023 159,290
NET BOOK VALUE
At 31 December 2023 109,149
At 31 December 2022 81,480

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 40,928 14,117
Other debtors 14,077 9,836
55,005 23,953

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 14,928 12,429
Amounts owed to group undertakings 320,947 200,960
Taxation and social security 80,905 68,275
Other creditors 4,104 4,981
420,884 286,645

7. RELATED PARTY DISCLOSURES

Pratt Bros (Exhibitions) Limited paid dividends to PBE ( Holdings) Limited amounting to £220,000 (2022:£200,000). At 31 December 2023 the company was due £320,947 (2022: £200,960) to PBE (Holdings) Limited.

8. ULTIMATE CONTROLLING PARTY

The controlling party is K J Hope.