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REGISTERED NUMBER: 03379700 (England and Wales)

















Financial Statements

for the Year Ended 31 December 2023

for

CTN Exhibitions Limited

CTN Exhibitions Limited (Registered number: 03379700)






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


CTN Exhibitions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Cloet
O Langlois



SECRETARY: P R Slack



REGISTERED OFFICE: Unit G3A
Halesfield 19
Telford
Shropshire
TF7 4QT



REGISTERED NUMBER: 03379700 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr A J Poole



AUDITORS: Tranter Lowe (Oakengates) Limited
Statutory Auditor
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

CTN Exhibitions Limited (Registered number: 03379700)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 96,587 93,040

CURRENT ASSETS
Stocks 6 1,205,977 771,148
Debtors 7 285,664 307,378
Cash at bank and in hand 20,938 85,801
1,512,579 1,164,327
CREDITORS
Amounts falling due within one year 8 787,958 441,746
NET CURRENT ASSETS 724,621 722,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

821,208

815,621

PROVISIONS FOR LIABILITIES 15,156 10,309
NET ASSETS 806,052 805,312

CAPITAL AND RESERVES
Called up share capital 11 20,000 20,000
Retained earnings 786,052 785,312
SHAREHOLDERS' FUNDS 806,052 805,312

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 Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:





J Cloet - Director


CTN Exhibitions Limited (Registered number: 03379700)

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

1. STATUTORY INFORMATION

CTN Exhibitions 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 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 - at varying rates
Office equipment - at varying rates
Motor vehicles - at varying rates

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 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.

Foreign currencies
Assets and liabilities in Euro's are translated into sterling at the rates of exchange ruling at the Balance Sheet date. Transactions in Euro's were translated into sterling at the rate of £1.00 : €1..15 during the year. 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.

CTN Exhibitions Limited (Registered number: 03379700)

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

2. ACCOUNTING POLICIES - continued

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 12 (2022 - 10 ) .

4. AUDITORS' REMUNERATION
31.12.23 31.12.22
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

4,107

3,867
Auditors' remuneration for non audit work 4,773 4,650

5. TANGIBLE FIXED ASSETS
Short Plant and Office Motor
leasehold machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 26,574 48,476 43,094 66,181 184,325
Additions 2,816 - 25,742 16,945 45,503
Disposals - - (4,006 ) (7,134 ) (11,140 )
At 31 December 2023 29,390 48,476 64,830 75,992 218,688
DEPRECIATION
At 1 January 2023 7,363 23,046 9,766 51,110 91,285
Charge for year 3,799 6,547 19,325 12,285 41,956
Eliminated on disposal - - (4,006 ) (7,134 ) (11,140 )
At 31 December 2023 11,162 29,593 25,085 56,261 122,101
NET BOOK VALUE
At 31 December 2023 18,228 18,883 39,745 19,731 96,587
At 31 December 2022 19,211 25,430 33,328 15,071 93,040

6. STOCKS
31.12.23 31.12.22
£    £   
Stocks 1,205,977 771,148

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 189,181 228,004
Other debtors 20,854 -
Prepayments 75,629 79,374
285,664 307,378

CTN Exhibitions Limited (Registered number: 03379700)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 58,892 -
Trade creditors 578,787 264,600
Tax - 1,196
Social security and other taxes 14,285 11,292
VAT 58,184 62,894
Other creditors 4,560 3,578
Accrued expenses 73,250 98,186
787,958 441,746

The bank overdraft is secured by fixed and floating charges on the assets of the Company.

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 58,892 -

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 67,569 45,632
Between one and five years 132,291 80,000
199,860 125,632

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
20,000 Ordinary £1 20,000 20,000

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr A J Poole (Senior Statutory Auditor)
for and on behalf of Tranter Lowe (Oakengates) Limited

CTN Exhibitions Limited (Registered number: 03379700)

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

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, Beerbos Invest, a business under the control of Mr J Cloet - director of the Company - supplied management services valued at £21,035 (2022:£18,261).




14. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

In common with many other businesses of our size and nature we use our auditors to provide tax advice and to represent us, as necessary, at tax tribunals.

15. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of the holding company, Creations et Techniques Nouvelles SA, 2 rue du puits Dixme 604, 94310 ORLY, France.