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REGISTERED NUMBER: 06772332 (England and Wales)












EXPERIENCECO LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


EXPERIENCECO LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: A R Clark
M K Griffith
C Rhodes





REGISTERED OFFICE: Gateway House
8 Milverton Street
LONDON
SE11 4AP





REGISTERED NUMBER: 06772332 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

REPORT OF THE DIRECTORS
for the year ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of event production & management.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

A R Clark
M K Griffith
C Rhodes

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A R Clark - Director


12 September 2024

EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

INCOME STATEMENT
for the year ended 31 December 2023

2023 2022
Notes £    £   

TURNOVER 5,077,602 5,312,917

Cost of sales (3,210,785 ) (3,310,079 )
GROSS PROFIT 1,866,817 2,002,838

Administrative expenses (1,331,541 ) (1,195,498 )
535,276 807,340

Other operating income 3 28,274 51,851
OPERATING PROFIT 5 563,550 859,191

Interest receivable and similar income 20,906 2,751
584,456 861,942

Interest payable and similar expenses - (55 )
PROFIT BEFORE TAXATION 584,456 861,887

Tax on profit 6 (142,404 ) (164,040 )
PROFIT FOR THE FINANCIAL YEAR 442,052 697,847

EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 7 32,540 39,477

CURRENT ASSETS
Debtors 8 279,629 448,393
Cash at bank 2,031,717 2,177,266
2,311,346 2,625,659
CREDITORS
Amounts falling due within one year 9 (746,646 ) (1,094,473 )
NET CURRENT ASSETS 1,564,700 1,531,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,597,240

1,570,663

PROVISIONS FOR LIABILITIES 11 (8,135 ) (9,610 )
NET ASSETS 1,589,105 1,561,053

CAPITAL AND RESERVES
Called up share capital 12 900 900
Retained earnings 13 1,588,205 1,560,153
SHAREHOLDERS' FUNDS 1,589,105 1,561,053

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.

EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

BALANCE SHEET - continued
31 December 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





A R Clark - Director


EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Experienceco 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.
Improvements to property - Straight line over the life of the lease
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance

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.

EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

3. OTHER OPERATING INCOME
2023 2022
£    £   
Rents received 28,274 34,259
Sundry receipts - 17,592
28,274 51,851

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 15 ) .

5. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 13,634 17,274

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 143,879 165,353

Deferred tax (1,475 ) (1,313 )
Tax on profit 142,404 164,040

EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

7. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 28,264 15,563 53,294 97,121
Additions - - 6,697 6,697
At 31 December 2023 28,264 15,563 59,991 103,818
DEPRECIATION
At 1 January 2023 17,422 15,263 24,959 57,644
Charge for year 5,652 300 7,682 13,634
At 31 December 2023 23,074 15,563 32,641 71,278
NET BOOK VALUE
At 31 December 2023 5,190 - 27,350 32,540
At 31 December 2022 10,842 300 28,335 39,477

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 169,412 394,904
Amounts owed by group undertakings 19,100 11,100
Other debtors 60,729 20,634
Prepayments 30,388 21,755
279,629 448,393

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 92,537 154,007
Tax 143,879 165,353
Social security and other taxes 49,790 32,227
VAT 128,156 75,424
Other creditors 2,890 2,553
Pension 4,843 2,639
Directors' current accounts 4,636 3,700
Deferred income 286,438 630,800
Accrued expenses 33,477 27,770
746,646 1,094,473

EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 141,143 119,021
Between one and five years 228,152 59,085
369,295 178,106

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 8,135 9,610

Deferred
tax
£   
Balance at 1 January 2023 9,610
Credit to Income Statement during year (1,475 )
Balance at 31 December 2023 8,135

All of the deferred taxation provision relates to timing differences between the recognition of capital allowances and depreciation of fixed assets.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
900 Ordinary shares 1.00 900 900

13. RESERVES
Retained
earnings
£   

At 1 January 2023 1,560,153
Profit for the year 442,052
Dividends (414,000 )
At 31 December 2023 1,588,205