7 7 New Dimension Exhibitions Limited 00990071 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is construction of unique exhibition stands. Digita Accounts Production Advanced 6.30.9574.0 true true 00990071 2023-10-01 2024-09-30 00990071 2024-09-30 00990071 bus:OrdinaryShareClass1 2024-09-30 00990071 core:CurrentFinancialInstruments 2024-09-30 00990071 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 00990071 core:Non-currentFinancialInstruments 2024-09-30 00990071 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 00990071 core:FurnitureFittingsToolsEquipment 2024-09-30 00990071 core:LandBuildings 2024-09-30 00990071 core:MotorVehicles 2024-09-30 00990071 core:OtherPropertyPlantEquipment 2024-09-30 00990071 bus:SmallEntities 2023-10-01 2024-09-30 00990071 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 00990071 bus:FilletedAccounts 2023-10-01 2024-09-30 00990071 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 00990071 bus:RegisteredOffice 2023-10-01 2024-09-30 00990071 bus:Director1 2023-10-01 2024-09-30 00990071 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 00990071 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00990071 core:FurnitureFittings 2023-10-01 2024-09-30 00990071 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 00990071 core:LandBuildings 2023-10-01 2024-09-30 00990071 core:LeaseholdImprovements 2023-10-01 2024-09-30 00990071 core:MotorVehicles 2023-10-01 2024-09-30 00990071 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 00990071 core:PlantMachinery 2023-10-01 2024-09-30 00990071 1 2023-10-01 2024-09-30 00990071 countries:EnglandWales 2023-10-01 2024-09-30 00990071 2023-09-30 00990071 core:FurnitureFittingsToolsEquipment 2023-09-30 00990071 core:LandBuildings 2023-09-30 00990071 core:MotorVehicles 2023-09-30 00990071 core:OtherPropertyPlantEquipment 2023-09-30 00990071 2022-10-01 2023-09-30 00990071 2023-09-30 00990071 bus:OrdinaryShareClass1 2023-09-30 00990071 core:CurrentFinancialInstruments 2023-09-30 00990071 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 00990071 core:Non-currentFinancialInstruments 2023-09-30 00990071 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 00990071 core:FurnitureFittingsToolsEquipment 2023-09-30 00990071 core:LandBuildings 2023-09-30 00990071 core:MotorVehicles 2023-09-30 00990071 core:OtherPropertyPlantEquipment 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 00990071

New Dimension Exhibitions Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

New Dimension Exhibitions Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

New Dimension Exhibitions Limited

Company Information

Director

Mr G Howard

Registered office

Unit 7 New Wellbury Business Park
Hexton Road
Hitchin
Hertfordshire
SG5 3BP

 

New Dimension Exhibitions Limited

(Registration number: 00990071)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

24,546

27,883

Current assets

 

Stocks

5

77,200

70,250

Debtors

6

24,092

27,645

Cash at bank and in hand

 

409

410

 

101,701

98,305

Creditors: Amounts falling due within one year

7

(44,951)

(54,576)

Net current assets

 

56,750

43,729

Total assets less current liabilities

 

81,296

71,612

Creditors: Amounts falling due after more than one year

7

(26,389)

(31,945)

Net assets

 

54,907

39,667

Capital and reserves

 

Called up share capital

100

100

Retained earnings

54,807

39,567

Shareholders' funds

 

54,907

39,667

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.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 December 2024
 

 

New Dimension Exhibitions Limited

(Registration number: 00990071)
Balance Sheet as at 30 September 2024

.........................................
Mr G Howard
Director

 

New Dimension Exhibitions 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 England and Wales.

The address of its registered office is:
Unit 7 New Wellbury Business Park
Hexton Road
Hitchin
Hertfordshire
SG5 3BP

These financial statements were authorised for issue by the director on 19 December 2024.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises of the consideration received or receivable for the 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.

 

New Dimension Exhibitions Limited

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

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the business recognises related costs which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

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.

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

Short Leasehold

10% Straight Line

Fixtures and Fittings

25% Reducing Balance

Plant and Machinery

25% Reducing Balance

Motor Vehicles

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

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.

Stocks

The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

 

New Dimension Exhibitions Limited

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

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

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.

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 the director) during the year, was 7 (2023 - 7).

 

New Dimension Exhibitions Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

5,484

72,550

69,785

9,563

157,382

Additions

-

-

-

3,734

3,734

At 30 September 2024

5,484

72,550

69,785

13,297

161,116

Depreciation

At 1 October 2023

1,705

71,598

51,808

4,388

129,499

Charge for the year

378

238

4,494

1,961

7,071

At 30 September 2024

2,083

71,836

56,302

6,349

136,570

Carrying amount

At 30 September 2024

3,401

714

13,483

6,948

24,546

At 30 September 2023

3,779

952

17,977

5,175

27,883

Included within the net book value of land and buildings above is £3,401 (2023 - £3,779) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

77,200

70,250

6

Debtors

Current

2024
£

2023
£

Trade debtors

11,343

14,896

Other debtors

12,749

12,749

 

24,092

27,645

 

New Dimension Exhibitions Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

12

18,509

19,826

Trade creditors

 

1,279

27,435

Taxation and social security

 

24,320

21,245

Accruals and deferred income

 

1,575

1,575

Other creditors

 

(732)

(15,505)

 

44,951

54,576

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

12

26,389

31,945

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary share capital of £1 each

100

100

100

100

         

9

Dividends

2024

2023

£

£

Interim dividend of £320.00 (2023 - £180.00) per ordinary share

32,000

18,000

 

 
 

New Dimension Exhibitions Limited

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

10

Related party transactions

At the balance sheet date, the company owed £15,854 (2023: £9) to Gareth Howard, the company director. There are no terms of repayment or interest charged on this loan
At the balance sheet date, the company was owed £26,660 by (2023: £25,404) New Dimension H Limited, where G Howard is the director. There are no terms of interest due to it being normal commercial terms.

11

Parent and ultimate parent undertaking

The ultimate controlling party is Gareth Howard by virtue of his share holding.

12

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

26,389

31,945

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,555

5,825

Bank overdrafts

12,954

14,001

18,509

19,826

Within loans and borrowings there is a £31,945 bounce back loan from the government provided through Barclays. As per government regulations there is no security required on this loan by either New Dimensions Exhibitions Limited or the directors.