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Registered number: 09945120
Show Time Events Group Limited
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 January 2024
3NT Ltd
38 Arden Road
Desborough
Kettering
Northants
NN14 2WJ
Director's Report and Unaudited Financial Statements
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Statement of Changes in Equity 7
Notes to the Financial Statements 8—10
Page 1
Company Information
Director Mr D W Bailey
Company Number 09945120
Registered Office 38 Arden Road
Desborough
Kettering
Northants
NN14 2WJ
Business 25 Abingdon View
Worksop
Nottinghamshire
S81 7RT
Accountants 3NT Ltd
38 Arden Road
Desborough
Kettering
Northants
NN14 2WJ
Bankers Lloyds Bank
2 George Row
Northampton
Northants
NN1 1DJ
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 31 January 2024.
Principal Activity
The company's principal activity continues to be that of event organisation.
Directors
The director who held office during the year were as follows:
Mr D W Bailey
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr D W Bailey
Director
31/10/2024
Page 2
Page 3
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Show Time Events Group Limited for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Show Time Events Group Limited for the year ended 31 January 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the director of Show Time Events Group Limited , as a body, in accordance with the terms of our engagement letter dated 11 January 2016. Our work has been undertaken solely to prepare for your approval the accounts of Show Time Events Group Limited and state those matters that we have agreed to state to the director of Show Time Events Group Limited , as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Show Time Events Group Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Show Time Events Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Show Time Events Group Limited . You consider that Show Time Events Group Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Show Time Events Group Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Laurence Denton
31/10/2024
3NT Ltd
38 Arden Road
Desborough
Kettering
Northants
NN14 2WJ
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Page 4
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 486,320 336,907
Cost of sales (364,220 ) (248,855 )
GROSS PROFIT 122,100 88,052
Administrative expenses (89,763 ) (90,307 )
OPERATING PROFIT/(LOSS) 32,337 (2,255 )
Loss on disposal of fixed assets - (693 )
Other interest receivable and similar income 7 -
Interest payable and similar charges (2,515 ) (1,887 )
PROFIT/(LOSS) BEFORE TAXATION 29,829 (4,835 )
Tax on Profit/(loss) 4 224 2,136
PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR 30,053 (2,699 )
The notes on pages 8 to 10 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,530 3,711
2,530 3,711
CURRENT ASSETS
Debtors 6 29,888 4,075
Cash at bank and in hand 16,467 23,441
46,355 27,516
Creditors: Amounts Falling Due Within One Year 7 (8,033 ) (15,864 )
NET CURRENT ASSETS (LIABILITIES) 38,322 11,652
TOTAL ASSETS LESS CURRENT LIABILITIES 40,852 15,363
Creditors: Amounts Falling Due After More Than One Year 8 (36,227 ) (40,567 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (481 ) (705 )
NET ASSETS/(LIABILITIES) 4,144 (25,909 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 4,044 (26,009 )
SHAREHOLDERS' FUNDS 4,144 (25,909)
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Page 6
For the year ending 31 January 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr D W Bailey
Director
31/10/2024
The notes on pages 8 to 10 form part of these financial statements.
Page 6
Page 7
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 February 2022 100 (23,310 ) (23,210)
Loss for the year and total comprehensive income - (2,699 ) (2,699)
As at 31 January 2023 and 1 February 2023 100 (26,009 ) (25,909)
Profit for the year and total comprehensive income - 30,053 30,053
As at 31 January 2024 100 4,044 4,144
Page 7
Page 8
Notes to the Financial Statements
1. General Information
Show Time Events Group Limited Registered number 09945120 is a limited by shares company incorporated in England & Wales. The Registered Office is 38 Arden Road, Desborough, Kettering, Northants, NN14 2WJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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. 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% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tax on Profit
Tax Rate 2024 2023
2024 2023 £ £
Current tax
UK Corporation Tax 19.0% 19.0% - -
Deferred Tax
Deferred taxation (224 ) (2,136 )
Total tax charge for the period (224 ) (2,136 )
2024 2023
£ £
Profit before tax 29,829 (4,835)
Breakdown of tax charge is:
Tax on profit at 19% (UK standard rate) 5,667 (919 )
Tax losses utilised (5,891 ) (1,217 )
Total tax charge for the period (224) (2,136)
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 5,133 2,447 7,580
As at 31 January 2024 5,133 2,447 7,580
Depreciation
As at 1 February 2023 2,851 1,018 3,869
Provided during the period 570 611 1,181
As at 31 January 2024 3,421 1,629 5,050
Net Book Value
As at 31 January 2024 1,712 818 2,530
As at 1 February 2023 2,282 1,429 3,711
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 3,375 627
Other debtors 13,863 3,448
VAT 12,650 -
29,888 4,075
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,344 4,968
Bank loans and overdrafts 5,000 5,000
Other taxes and social security - 106
VAT - 3,707
Accruals and deferred income 689 620
Director's loan account - 1,463
8,033 15,864
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 36,227 40,567
36,227 40,567
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 9
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10. Ultimate Controlling Party
The company's ultimate controlling party is Mr David Bailey by virtue of his ownership of 100% of the issued share capital in the company.
Page 10