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REGISTERED NUMBER: 10533866 (England and Wales)






























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EPS EVENT LIMITED

EPS EVENT LIMITED (REGISTERED NUMBER: 10533866)

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


EPS EVENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr AD Sinclair
Mr S Tobie


REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU


REGISTERED NUMBER: 10533866 (England and Wales)


SENIOR STATUTORY AUDITOR: Mr AR Turner FCA FMAAT


AUDITORS: Mark J Rees LLP Chartered Accountants
and Statutory Auditors
Granville Hall
Granville Road
Leicester
LE1 7RU


BANKERS: National Westminster Bank Plc
5 Market Place
Chesterfield
S40 1TW

EPS EVENT LIMITED (REGISTERED NUMBER: 10533866)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 14,053
Tangible assets 5 226,960 191,740
226,960 205,793

CURRENT ASSETS
Stocks 6 45,545 39,374
Debtors 7 683,372 791,680
Cash at bank and in hand 396,552 95,365
1,125,469 926,419
CREDITORS
Amounts falling due within one year 8 3,107,570 2,876,450
NET CURRENT LIABILITIES (1,982,101 ) (1,950,031 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,755,141

)

(1,744,238

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,755,142 ) (1,744,239 )
SHAREHOLDERS' FUNDS (1,755,141 ) (1,744,238 )

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 Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





Mr AD Sinclair - Director


EPS EVENT LIMITED (REGISTERED NUMBER: 10533866)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

EPS Event 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about EPS Event Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern
The company incurred a loss during the year ended 31 December 2023 of £10,903 and had net current liabilities of £1,755,141 at that date.

The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved, the anticipated cash flows, availability of support from the company's ultimate parent undertaking and other mitigating actions that can be taken during the period.

Should the company be unable to continue to trade, adjustments would have to be made to reduce the assets to their recoverable amount, to provide for any further liabilities which may arise, and to reclassify fixed assets as current.

Turnover
Revenue comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts.

Turnover is recognised in the period in which the goods and services are provided.

Income and deposits received relating to projects to be completed after the year end are included as deferred income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

EPS EVENT LIMITED (REGISTERED NUMBER: 10533866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - over 10 years
Hire assets - at varying rates on cost
Plant and machinery - 33% on cost, 20% on cost and 20% on reducing balance
Fixtures and fittings - at variable rates on cost and balance
Motor vehicles - at variable rates on cost and balance
Computer equipment - 33% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. 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.

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.

EPS EVENT LIMITED (REGISTERED NUMBER: 10533866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

Creditors
Short term trade 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 529,519
Disposals (529,519 )
At 31 December 2023 -
AMORTISATION
At 1 January 2023 515,466
Charge for year 14,053
Eliminated on disposal (529,519 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 14,053

EPS EVENT LIMITED (REGISTERED NUMBER: 10533866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Leasehold Hire Plant and
improvements assets machinery
£    £    £   
COST
At 1 January 2023 46,127 156,939 86,462
Additions 7,688 101,491 6,019
Disposals - (80,522 ) (31,345 )
Impairments - (15,042 ) (1,813 )
Reclassification/transfer - 3,162 (1,215 )
At 31 December 2023 53,815 166,028 58,108
DEPRECIATION
At 1 January 2023 1,253 90,132 66,783
Charge for year 5,746 37,388 10,671
Eliminated on disposal - (61,646 ) (31,345 )
Reclassification/transfer - 1,324 (891 )
At 31 December 2023 6,999 67,198 45,218
NET BOOK VALUE
At 31 December 2023 46,816 98,830 12,890
At 31 December 2022 44,874 66,807 19,679

EPS EVENT LIMITED (REGISTERED NUMBER: 10533866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 47,655 75,650 8,171 421,004
Additions 18,288 - 1,361 134,847
Disposals (217 ) (1,830 ) - (113,914 )
Impairments (77 ) - - (16,932 )
Reclassification/transfer (1,947 ) - - -
At 31 December 2023 63,702 73,820 9,532 425,005
DEPRECIATION
At 1 January 2023 9,279 56,673 5,144 229,264
Charge for year 8,325 3,559 1,623 67,312
Eliminated on disposal (3,710 ) (1,830 ) - (98,531 )
Reclassification/transfer (433 ) - - -
At 31 December 2023 13,461 58,402 6,767 198,045
NET BOOK VALUE
At 31 December 2023 50,241 15,418 2,765 226,960
At 31 December 2022 38,376 18,977 3,027 191,740

6. STOCKS
2023 2022
£    £   
Stocks 45,545 39,374

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 285,435 380,763
Amounts owed by group undertakings 22,352 9,882
Other debtors 375,585 401,035
683,372 791,680

EPS EVENT LIMITED (REGISTERED NUMBER: 10533866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 15,766 74,940
Amounts owed to group undertakings 2,941,784 2,735,664
Taxation and social security 32,813 10,022
Other creditors 117,207 55,824
3,107,570 2,876,450

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 188,750 182,532
Between one and five years 520,288 569,600
In more than five years 338,668 448,668
1,047,706 1,200,800

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

The Report of the Auditors was unqualified.

Mr AR Turner FCA FMAAT (Senior Statutory Auditor)
for and on behalf of Mark J Rees LLP Chartered Accountants

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr AD Sinclair
Balance outstanding at start of year - -
Amounts advanced 146 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 146 -

No interest was charged on the above balance.

EPS EVENT LIMITED (REGISTERED NUMBER: 10533866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. ULTIMATE CONTROLLING PARTY

The controlling party is EPS Holding GmbH of Talangerstr. 5, 82152 Krailling, Germany.