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REGISTERED NUMBER: 02520369 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

FOR

UV&S EVENT SERVICES LTD

UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UV&S EVENT SERVICES LTD

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: J N Ollenburger
L A Spence
D P Monahan
M Cox





REGISTERED OFFICE: Unit 9 Hambridge Business Centre
Hambridge Lane
Newbury
Berkshire
RG14 5TN





REGISTERED NUMBER: 02520369 (England and Wales)





AUDITORS: Deighan Perkins LLP
Chartered Accountants
Statutory Auditors
1st Floor, Commerce House
1 Raven Road
South Woodford
London
E18 1HB

UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
(Unaudited)
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 154,081 168,836

CURRENT ASSETS
Stocks 189,663 556,079
Debtors 5 992,560 1,183,173
Cash at bank and in hand 151,217 516,180
1,333,440 2,255,432
CREDITORS
Amounts falling due within one year 6 769,387 1,343,414
NET CURRENT ASSETS 564,053 912,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

718,134

1,080,854

CREDITORS
Amounts falling due after more than one
year

7

(66,334

)

(341,872

)

PROVISIONS FOR LIABILITIES (35,472 ) (38,575 )
NET ASSETS 616,328 700,407

CAPITAL AND RESERVES
Called up share capital 201 201
Retained earnings 9 616,127 700,206
616,328 700,407

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 14 March 2024 and were signed on its behalf by:





D P Monahan - Director


UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

UV&S Event Services Ltd 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.

Revenue
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue 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 & Machinery Straight line 10% and 25%
Motor Vehicles 25% reducing balance

Stocks
Work in progress is valued at the lower of cost or net realisable value.

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets
Basic financial assets, which includes trade and other debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that as a result of one or more events that occurred after an initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and preference shares classed as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire

Equity Instruments
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the period 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.


UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 (2022 - 21 ) .

UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 September 2022 589,505
Additions 60,035
Disposals (135,744 )
At 31 December 2023 513,796
DEPRECIATION
At 1 September 2022 420,669
Charge for period 73,885
Eliminated on disposal (134,839 )
At 31 December 2023 359,715
NET BOOK VALUE
At 31 December 2023 154,081
At 31 August 2022 168,836

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
(Unaudited)
£ £
Trade debtors 427,981 442,170
Amounts owed by group undertakings 500,000 623,903
Other debtors 64,579 117,100
992,560 1,183,173

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
(Unaudited)
£ £
Bank loans and overdrafts 92,926 74,800
Trade creditors 152,547 275,842
Taxation and social security 226,980 253,809
Other creditors 296,934 738,963
769,387 1,343,414

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
(Unaudited)
£ £
Bank loans 49,111 164,817
Other creditors 17,223 177,055
66,334 341,872

UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
(Unaudited)
£ £
Within one year 182,056 150,964
Between one and five years 258,125 497,478
440,181 648,442

9. RESERVES
Retained
earnings
£

At 1 September 2022 700,206
Profit for the period 592,157
Dividends (676,236 )
At 31 December 2023 616,127

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

The Report of the Auditors was unqualified.


The financial statements for the year ended 31st August 2022 were not audited.

Kevin Perkins FCA CTA (Senior Statutory Auditor)
for and on behalf of Deighan Perkins LLP

11. ULTIMATE CONTROLLING PARTY

UV&S Ltd owns 100% of the company's ordinary share capital.

The ultimate holding company is Underground Vaults & Storage Inc.which owns 100% of the ordinary share capital of UV&S Ltd.

Underground Vaults & Storage Inc. is a company incorporated in the United States of America, in which the results of the company are incorporated. The registered address of Underground Vaults & Storage Inc. is 906 North Halstead, PO Box 1723, Hutchinson, Kansas 675041723.