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REGISTERED NUMBER: 11748443 (England and Wales)
















Provis Events Limited

Unaudited Financial Statements

for the Year Ended

31 January 2024






Provis Events Limited (Registered number: 11748443)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Provis Events Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs S Gascoigne
K N Gascoigne





REGISTERED OFFICE: 82 Byfield Road
Woodford Halse
Daventry
England
NN11 3QS





REGISTERED NUMBER: 11748443 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL

Provis Events Limited (Registered number: 11748443)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 491 1,476
Tangible assets 5 29,005 18,177
29,496 19,653

CURRENT ASSETS
Stocks 67,358 78,978
Debtors 6 89,572 102,756
Cash at bank and in hand 20,751 8,375
177,681 190,109
CREDITORS
Amounts falling due within one year 7 146,355 169,965
NET CURRENT ASSETS 31,326 20,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,822

39,797

CREDITORS
Amounts falling due after more than one
year

8

171,094

82,318
NET LIABILITIES (110,272 ) (42,521 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (110,274 ) (42,523 )
SHAREHOLDERS' FUNDS (110,272 ) (42,521 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Provis Events Limited (Registered number: 11748443)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





Mrs S Gascoigne - Director


Provis Events Limited (Registered number: 11748443)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Provis Events 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.

The business has been severely affected by the Covid 19 pandemic as its core business relies on agricultural shows which were unable to take place for the majority of the year under review and as a result lower margin work had to be undertaken when opportunities arose. The accounts have been prepared on the going concern basis despite the result obtained as the directors have already obtained an increased level of contracts in the months following the year end and are endeavouring to improve their place in the market to return a profitable result in the forthcoming financial year.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Provis Events Limited (Registered number: 11748443)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 4,923
AMORTISATION
At 1 February 2023 3,447
Charge for year 985
At 31 January 2024 4,432
NET BOOK VALUE
At 31 January 2024 491
At 31 January 2023 1,476

Provis Events Limited (Registered number: 11748443)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 28,073
Additions 20,248
At 31 January 2024 48,321
DEPRECIATION
At 1 February 2023 9,896
Charge for year 9,420
At 31 January 2024 19,316
NET BOOK VALUE
At 31 January 2024 29,005
At 31 January 2023 18,177

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 41,927 45,534
Other debtors 40,761 55,581
Prepayments 6,884 1,641
89,572 102,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 6,316 7,560
Other loans - 19,539
Trade creditors 37,094 16,264
Social security and other taxes 4,158 -
VAT 8,534 38,281
Other creditors 14,184 7,777
Directors' current accounts 8,909 14,440
Deferred income 63,378 63,361
Accrued expenses 3,782 2,743
146,355 169,965

Provis Events Limited (Registered number: 11748443)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 2-5 years 25,263 30,240
Bank loans more 5 yr by instal 8,947 14,490
Other loans - 2-5 years - 37,588
Other loans more 5yrs instal 136,884 -
171,094 82,318

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,947 14,490
Other loans more 5yrs instal 136,884 -
145,831 14,490

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2

10. ULTIMATE CONTROLLING PARTY

The two directors are the joint controlling parties of the company.