Edinburgh Showtec Limited SC355009 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of the supply of lighting and crew for events. Digita Accounts Production Advanced 6.30.9574.0 true SC355009 2023-10-01 2024-09-30 SC355009 2024-09-30 SC355009 core:CapitalRedemptionReserve 2024-09-30 SC355009 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC355009 core:ShareCapital 2024-09-30 SC355009 core:CurrentFinancialInstruments 2024-09-30 SC355009 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 SC355009 core:Goodwill 2024-09-30 SC355009 core:MotorVehicles 2024-09-30 SC355009 core:OtherPropertyPlantEquipment 2024-09-30 SC355009 bus:SmallEntities 2023-10-01 2024-09-30 SC355009 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC355009 bus:FilletedAccounts 2023-10-01 2024-09-30 SC355009 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC355009 bus:RegisteredOffice 2023-10-01 2024-09-30 SC355009 bus:Director1 2023-10-01 2024-09-30 SC355009 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC355009 core:Goodwill 2023-10-01 2024-09-30 SC355009 core:MotorVehicles 2023-10-01 2024-09-30 SC355009 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 SC355009 core:PlantMachinery 2023-10-01 2024-09-30 SC355009 countries:Scotland 2023-10-01 2024-09-30 SC355009 2023-09-30 SC355009 core:Goodwill 2023-09-30 SC355009 core:MotorVehicles 2023-09-30 SC355009 core:OtherPropertyPlantEquipment 2023-09-30 SC355009 2022-10-01 2023-09-30 SC355009 2023-09-30 SC355009 core:CapitalRedemptionReserve 2023-09-30 SC355009 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC355009 core:ShareCapital 2023-09-30 SC355009 core:CurrentFinancialInstruments 2023-09-30 SC355009 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 SC355009 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-09-30 SC355009 core:MotorVehicles 2023-09-30 SC355009 core:OtherPropertyPlantEquipment 2023-09-30 SC355009 core:PreviouslyStatedAmount 2023-09-30 iso4217:GBP xbrli:pure

Registration number: SC355009

Edinburgh Showtec Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Edinburgh Showtec Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Edinburgh Showtec Limited

(Registration number: SC355009)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

496,995

419,305

Current assets

 

Debtors

6

179,216

202,492

Cash at bank and in hand

 

523,764

607,303

 

702,980

809,795

Creditors: Amounts falling due within one year

7

(285,363)

(265,642)

Net current assets

 

417,617

544,153

Total assets less current liabilities

 

914,612

963,458

Provisions for liabilities

(92,750)

(104,826)

Net assets

 

821,862

858,632

Capital and reserves

 

Called up share capital

80

80

Capital redemption reserve

20

20

Retained earnings

821,762

858,532

Shareholders' funds

 

821,862

858,632

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 January 2025 and signed on its behalf by:
 

.........................................
S A Olsson
Director

 

Edinburgh Showtec Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
14-15 Main Street
Longniddry
East Lothian
EH32 0NF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Edinburgh Showtec Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Edinburgh Showtec Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 4).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

30,000

30,000

At 30 September 2024

30,000

30,000

Amortisation

At 1 October 2023

30,000

30,000

At 30 September 2024

30,000

30,000

Carrying amount

At 30 September 2024

-

-

 

Edinburgh Showtec Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

236,314

928,087

1,164,401

Additions

55,885

191,448

247,333

Disposals

(20,000)

-

(20,000)

At 30 September 2024

272,199

1,119,535

1,391,734

Depreciation

At 1 October 2023

125,940

619,156

745,096

Charge for the year

40,571

125,096

165,667

Eliminated on disposal

(16,024)

-

(16,024)

At 30 September 2024

150,487

744,252

894,739

Carrying amount

At 30 September 2024

121,712

375,283

496,995

At 30 September 2023

110,374

308,931

419,305

6

Debtors

Current

2024
£

2023
£

Trade debtors

156,841

200,592

Other debtors

22,375

1,900

 

179,216

202,492

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

130,036

21,632

Directors loan

20,503

34,012

Taxation and social security

 

122,132

153,168

Other creditors

 

12,692

56,830

 

285,363

265,642