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REGISTERED NUMBER: 08963280 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

2 IN TENTS MARQUEE HIRE LIMITED

2 IN TENTS MARQUEE HIRE LIMITED (REGISTERED NUMBER: 08963280)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


2 IN TENTS MARQUEE HIRE LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J Childs





REGISTERED OFFICE: 55 East Street
Faversham
Kent
ME13 8AF





REGISTERED NUMBER: 08963280 (England and Wales)





ACCOUNTANTS: Kemp Carr Brown & Co.
Appletree Office
Frith Road
Aldington
Ashford
Kent
TN25 7HJ

2 IN TENTS MARQUEE HIRE LIMITED (REGISTERED NUMBER: 08963280)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 2,153,632 2,494,777
2,153,633 2,494,778

CURRENT ASSETS
Stocks 1,034,605 995,437
Debtors 6 1,614,524 4,367,040
Investments 7 - 804,000
Cash at bank 6,014,212 2,762,149
8,663,341 8,928,626
CREDITORS
Amounts falling due within one year 8 1,014,357 1,834,841
NET CURRENT ASSETS 7,648,984 7,093,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,802,617

9,588,563

PROVISIONS FOR LIABILITIES 9 500,941 439,282
NET ASSETS 9,301,676 9,149,281

2 IN TENTS MARQUEE HIRE LIMITED (REGISTERED NUMBER: 08963280)

Balance Sheet - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,301,576 9,149,181
SHAREHOLDERS' FUNDS 9,301,676 9,149,281

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 February 2025 and were signed by:





J Childs - Director


2 IN TENTS MARQUEE HIRE LIMITED (REGISTERED NUMBER: 08963280)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

2 In Tents Marquee Hire 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

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.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.


2 IN TENTS MARQUEE HIRE LIMITED (REGISTERED NUMBER: 08963280)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 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 21 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023
and 31 March 2024 99,999
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

2 IN TENTS MARQUEE HIRE LIMITED (REGISTERED NUMBER: 08963280)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 4,840,158 1,016,191 16,915 5,873,264
Additions 236,342 126,730 - 363,072
At 31 March 2024 5,076,500 1,142,921 16,915 6,236,336
DEPRECIATION
At 1 April 2023 2,837,730 528,512 12,245 3,378,487
Charge for year 559,693 141,348 3,176 704,217
At 31 March 2024 3,397,423 669,860 15,421 4,082,704
NET BOOK VALUE
At 31 March 2024 1,679,077 473,061 1,494 2,153,632
At 31 March 2023 2,002,428 487,679 4,670 2,494,777

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 423,306 2,820,100
Other debtors 730,550 1,195,047
Tax 456,767 350,000
Prepayments 3,901 1,893
1,614,524 4,367,040

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Unlisted investments - 804,000

2 IN TENTS MARQUEE HIRE LIMITED (REGISTERED NUMBER: 08963280)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 186,698 215,798
Tax 636,467 418,959
Social security and other taxes 14,407 15,954
VAT 168,697 475,865
Directors' current accounts 778 1,227
Accruals and deferred income 3,810 703,538
Accrued expenses 3,500 3,500
1,014,357 1,834,841

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 500,941 439,282

Deferred
tax
£   
Balance at 1 April 2023 439,282
Increase in year 61,659
Balance at 31 March 2024 500,941