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Registered number: 08275038
Exhibition Plinths Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
The Entrepreneurs Accountant (Ripple) Limited
ACCA
Kimberley
Northwick Road
Mark
Somerset
TA9 4PQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08275038
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 107,320 129,277
107,320 129,277
CURRENT ASSETS
Stocks 6 63,600 33,105
Debtors 7 19,755 13,423
Cash at bank and in hand 3,030 7,012
86,385 53,540
Creditors: Amounts Falling Due Within One Year 8 (85,443 ) (50,206 )
NET CURRENT ASSETS (LIABILITIES) 942 3,334
TOTAL ASSETS LESS CURRENT LIABILITIES 108,262 132,611
Creditors: Amounts Falling Due After More Than One Year 9 (50,443 ) (73,985 )
NET ASSETS 57,819 58,626
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 57,818 58,625
SHAREHOLDERS' FUNDS 57,819 58,626
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Williams
Director
23 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Exhibition Plinths Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08275038 . The registered office is Unit 1609 Carnival Way, North Petherton, Bridgwater, Somerset, TA6 6GY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 10,000
As at 31 December 2023 10,000
Amortisation
As at 1 January 2023 10,000
As at 31 December 2023 10,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 78,047 135,986 8,992 223,025
Additions 27,932 - 14,063 41,995
As at 31 December 2023 105,979 135,986 23,055 265,020
Depreciation
As at 1 January 2023 45,344 43,369 5,035 93,748
Provided during the period 22,691 33,996 7,265 63,952
As at 31 December 2023 68,035 77,365 12,300 157,700
Net Book Value
As at 31 December 2023 37,944 58,621 10,755 107,320
As at 1 January 2023 32,703 92,617 3,957 129,277
6. Stocks
2023 2022
£ £
Finished goods 63,600 33,105
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 19,755 13,423
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 13,432 13,432
Trade creditors 21,611 14,347
Bank loans and overdrafts 17,263 10,000
Corporation tax 23,056 -
Other taxes and social security 4,386 3,120
VAT 1,830 7,423
Other creditors - credit cards 1,842 545
Accruals and deferred income 780 256
Director's loan account 285 222
Amounts owed to parent undertaking 958 861
85,443 50,206
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 33,363 46,795
Bank loans 17,080 27,190
50,443 73,985
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,432 13,432
Later than one year and not later than five years 33,363 46,795
46,795 60,227
46,795 60,227
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
12. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 88,000 11,000
13. Ultimate Controlling Party
The company's ultimate controlling party is Design Make Display Limited by virtue of it's ownership of 100% of the issued share capital in the company.

As both the holding company and trading company are small entities in their own rights, no group accounts were required to be prepared.
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