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REGISTERED NUMBER: 04562209 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SHOWMASTERS LIMITED

SHOWMASTERS LIMITED (REGISTERED NUMBER: 04562209)

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


SHOWMASTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J V Joiner
Miss A M Swinsco





SECRETARY: Miss A M Swinsco





REGISTERED OFFICE: Ground Floor, Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR





REGISTERED NUMBER: 04562209 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

SHOWMASTERS LIMITED (REGISTERED NUMBER: 04562209)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174,546 244,635
Investments 5 10,000 110,000
184,546 354,635

CURRENT ASSETS
Stocks 184,748 190,285
Debtors 6 882,124 1,185,550
Cash at bank and in hand 362,224 481,641
1,429,096 1,857,476
CREDITORS
Amounts falling due within one year 7 579,177 908,698
NET CURRENT ASSETS 849,919 948,778
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,034,465

1,303,413

CREDITORS
Amounts falling due after more than one
year

8

(13,957

)

(23,894

)

PROVISIONS FOR LIABILITIES (18,014 ) (39,696 )
NET ASSETS 1,002,494 1,239,823

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,002,394 1,239,723
1,002,494 1,239,823

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.

SHOWMASTERS LIMITED (REGISTERED NUMBER: 04562209)

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





J V Joiner - Director


SHOWMASTERS LIMITED (REGISTERED NUMBER: 04562209)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Showmasters 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.

Turnover
Turnover is recognised at the fair value of the consideration receivable for services in the ordinary course of the business. Turnover is shown net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on cost
Fixtures, fittings and equipment - 33% on cost and 20% on cost
Motor vehicles - 20% on cost
Event equipment and props - 33% on cost and 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.

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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SHOWMASTERS LIMITED (REGISTERED NUMBER: 04562209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures,
Leasehold fittings
property and
improvements Equipment equipment
£    £    £   
COST
At 1 February 2023 63,717 5,119 107,040
Additions - - 2,833
Disposals - - -
At 31 January 2024 63,717 5,119 109,873
DEPRECIATION
At 1 February 2023 15,907 5,119 71,280
Charge for year 6,372 - 15,945
Eliminated on disposal - - -
At 31 January 2024 22,279 5,119 87,225
NET BOOK VALUE
At 31 January 2024 41,438 - 22,648
At 31 January 2023 47,810 - 35,760

Event
Motor equipment
vehicles and props Totals
£    £    £   
COST
At 1 February 2023 63,127 514,027 753,030
Additions - 60,444 63,277
Disposals - (168,915 ) (168,915 )
At 31 January 2024 63,127 405,556 647,392
DEPRECIATION
At 1 February 2023 38,657 377,432 508,395
Charge for year 6,907 95,318 124,542
Eliminated on disposal - (160,091 ) (160,091 )
At 31 January 2024 45,564 312,659 472,846
NET BOOK VALUE
At 31 January 2024 17,563 92,897 174,546
At 31 January 2023 24,470 136,595 244,635

SHOWMASTERS LIMITED (REGISTERED NUMBER: 04562209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. FIXED ASSET INVESTMENTS
Interest
Shares in in other
group participating
undertakings interests Totals
£    £    £   
COST
At 1 February 2023 100,000 10,000 110,000
Impairments (100,000 ) - (100,000 )
At 31 January 2024 - 10,000 10,000
NET BOOK VALUE
At 31 January 2024 - 10,000 10,000
At 31 January 2023 100,000 10,000 110,000

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 189,330 166,189
Amounts owed by group undertakings - 61,235
Amounts owed by associates - 93,081
Other debtors 379,551 366,697
PayPal 4,167 37,678
VAT - 8,196
Prepayments 170,208 311,806
743,256 1,044,882

Amounts falling due after more than one year:
Amounts owed by participating interests 138,868 140,668

Aggregate amounts 882,124 1,185,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,170 10,000
Trade creditors 118,253 238,312
Corporation tax - 25,130
Social security and other taxes 1,182 51
VAT 37,312 -
Credit card control 19,682 31,966
Directors' current accounts 47,008 50,317
Accrued expenses 345,570 552,922
579,177 908,698

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,425 10,000
Bank loans - 2-5 years 3,532 13,894
13,957 23,894

SHOWMASTERS LIMITED (REGISTERED NUMBER: 04562209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the director J Joiner £47,009 (£50,316 - 2023).

10. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Mr J Joiner by virtue of his majority ownership of the called up share capital.