Company registration number 01429721 (England and Wales)
D.J.G. EXHIBITION FREIGHT SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
D.J.G. EXHIBITION FREIGHT SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
D.J.G. EXHIBITION FREIGHT SERVICES LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
187,929
196,437
Investments
5
100
98
188,029
196,535
Current assets
Debtors
6
78,299
81,817
Cash at bank and in hand
37,651
58,893
115,950
140,710
Creditors: amounts falling due within one year
Taxation and social security
-
0
5,933
Other creditors
283,239
289,162
283,239
295,095
Net current liabilities
(167,289)
(154,385)
Total assets less current liabilities
20,740
42,150
Provisions for liabilities
(1,555)
(1,555)
Net assets
19,185
40,595
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
19,085
40,495
Total equity
19,185
40,595
D.J.G. EXHIBITION FREIGHT SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 5 March 2025
D. J. Gardner MBE
Director
Company Registration No. 01429721
D.J.G. EXHIBITION FREIGHT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information

D.J.G. Exhibition Freight Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 34 Grace Business Centre, 23 Willow Lane, Willow Lane Industrial Estate, Mitcham, CR4 4TQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
4% on building cost - It makes up of 50% of total land & building costs
Plant and machinery
25% on cost
Fixtures, fittings & equipment
20% on written down value
Motor vehicles
20% on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

D.J.G. EXHIBITION FREIGHT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

D.J.G. EXHIBITION FREIGHT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
5
7
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2023
423,302
53,738
477,040
Additions
-
0
2,379
2,379
Disposals
-
0
(7,117)
(7,117)
At 31 July 2024
423,302
49,000
472,302
Depreciation and impairment
At 1 August 2023
235,047
45,556
280,603
Depreciation charged in the year
8,466
1,789
10,255
Eliminated in respect of disposals
-
0
(6,485)
(6,485)
At 31 July 2024
243,513
40,860
284,373
Carrying amount
At 31 July 2024
179,789
8,140
187,929
At 31 July 2023
188,255
8,182
196,437
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
100
98
D.J.G. EXHIBITION FREIGHT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
5
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 August 2023
98
Additions
2
At 31 July 2024
100
Carrying amount
At 31 July 2024
100
At 31 July 2023
98
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
47,789
48,969
Corporation tax recoverable
1,626
-
0
Other debtors
28,884
32,848
78,299
81,817
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
11,447
32,719
Corporation tax
-
0
5,933
Other creditors
271,792
256,443
283,239
295,095
D.J.G. EXHIBITION FREIGHT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 7 -
8
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
51 Ordinary 'A' Shares of £1 each
51
51
39 Ordinary 'B' Shares of £1 each
39
39
90
90
Preference share capital
Issued and fully paid
5 Ordinary 'C' Shares of £1 each
5
5
5 Ordinary 'D' Shares of £1 each
5
5
10
10
Preference shares classified as equity
10
10
Total equity share capital
100
100
9
Related party transactions

The company paid £16,245 (2023 - £21,842) to Willow Lane Management Company Ltd in the year, a company of which D. J. Gardner MBE is a director. The payment last year was at the market rate for environment and estate management services provided by the company.

 

At the balance sheet date the company owed £19,300 to shareholders of the company (2023: £19,300). All loans are interest free and repayable on demand.

10
Directors' transactions

At the year end, the company owed the director £237,706 (2023 - £221,117). This loan is interest free and repayable on demand.

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