Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity1216truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00990944 2023-01-01 2023-12-31 00990944 2022-01-01 2022-12-31 00990944 2023-12-31 00990944 2022-12-31 00990944 c:Director1 2023-01-01 2023-12-31 00990944 d:PlantMachinery 2023-01-01 2023-12-31 00990944 d:PlantMachinery 2023-12-31 00990944 d:PlantMachinery 2022-12-31 00990944 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00990944 d:MotorVehicles 2023-01-01 2023-12-31 00990944 d:MotorVehicles 2023-12-31 00990944 d:MotorVehicles 2022-12-31 00990944 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00990944 d:FurnitureFittings 2023-01-01 2023-12-31 00990944 d:FurnitureFittings 2023-12-31 00990944 d:FurnitureFittings 2022-12-31 00990944 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00990944 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00990944 d:CurrentFinancialInstruments 2023-12-31 00990944 d:CurrentFinancialInstruments 2022-12-31 00990944 d:Non-currentFinancialInstruments 2023-12-31 00990944 d:Non-currentFinancialInstruments 2022-12-31 00990944 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00990944 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00990944 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 00990944 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 00990944 d:ShareCapital 2023-12-31 00990944 d:ShareCapital 2022-12-31 00990944 d:RetainedEarningsAccumulatedLosses 2023-12-31 00990944 d:RetainedEarningsAccumulatedLosses 2022-12-31 00990944 c:FRS102 2023-01-01 2023-12-31 00990944 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00990944 c:FullAccounts 2023-01-01 2023-12-31 00990944 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 00990944










EAST OF ENGLAND SHOWGROUND SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
REGISTERED NUMBER: 00990944

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
28,449
225,263

Current assets
  

Debtors: amounts falling due within one year
 5 
1,935,646
1,445,895

Bank and cash balances
  
318,634
248,514

  
2,254,280
1,694,409

Creditors: amounts falling due within one year
 6 
(651,699)
(942,138)

Net current assets
  
 
 
1,602,581
 
 
752,271

Total assets less current liabilities
  
1,631,030
977,534

Creditors: amounts falling due after more than one year
 7 
(538,043)
(441,054)

  

Net assets
  
1,092,987
536,480


Capital and reserves
  

Called up share capital 
  
9,600
9,600

Profit and loss account
  
1,083,387
526,880

  
1,092,987
536,480


Page 1

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
REGISTERED NUMBER: 00990944
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr A J Butterfield
Director

Date: 29 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

East of England Showground Services Limited (“the company”) is a private company limited by shares, incorporated in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the company information.
The functional and presentational currency of the company is pounds sterling (£) and rounded to the nearest whole pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 16).

Page 6

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost 


At 1 January 2023
282,859
26,124
10,648
319,631


Disposals
(248,441)
(4,724)
(10,648)
(263,813)



At 31 December 2023

34,418
21,400
-
55,818



Depreciation


At 1 January 2023
86,228
6,010
2,130
94,368


Charge for the year on owned assets
35,539
4,719
1,952
42,210


Disposals
(103,172)
(1,955)
(4,082)
(109,209)



At 31 December 2023

18,595
8,774
-
27,369



Net book value



At 31 December 2023
15,823
12,626
-
28,449



At 31 December 2022
196,631
20,114
8,518
225,263


5.


Debtors

2023
2022
£
£


Trade debtors
85,485
206,325

Amounts owed by group undertakings
1,822,314
1,205,409

Other debtors
-
912

Prepayments and accrued income
27,847
33,249

1,935,646
1,445,895


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

Page 7

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
140,191
480,158

Other taxation and social security
126,843
15,236

Obligations under finance lease and hire purchase contracts
13,443
47,199

Other creditors
3,044
20

Accruals and deferred income
368,178
399,525

651,699
942,138


Obligations under finance lease and hire purchase contracts due within one year are secured against the assets to which they relate.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
529,116
364,011

Obligations under finance leases and hire purchase contracts
8,927
77,043

538,043
441,054


Obligations under finance lease and hire purchase contracts due after more than one year are secured against the assets to which they relate.


8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £3,044 (2022: £20) were payable to the fund at the balance sheet date and included in other creditors.


9.


Controlling party

The company is a wholly owned subsidiary of Asset Earning Power Group (AEPG) Ltd, a company registered in England and Wales. The registered office of Asset Earning Power Group (AEPG) Ltd is 1 The Forum, Minerva Business Park, Lynch Wood, Peterborough, PE2 6FT.

 
Page 8