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REGISTERED NUMBER: 06921714 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

KUDOS ROADSHOW LIMITED

KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KUDOS ROADSHOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr J S Johal
Mr H S Kataria
Mr R S Kataria





REGISTERED OFFICE: Granville House
Wallingford Road
Uxbridge
UB8 2RW





REGISTERED NUMBER: 06921714 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,182,746 1,079,959
1,182,746 1,079,959

CURRENT ASSETS
Stocks 10,000 15,000
Debtors 6 606,471 552,644
Cash at bank 81,333 702,897
697,804 1,270,541
CREDITORS
Amounts falling due within one year 7 976,789 1,386,466
NET CURRENT LIABILITIES (278,985 ) (115,925 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

903,761

964,034

CREDITORS
Amounts falling due after more than one
year

8

(50,000

)

(100,000

)

PROVISIONS FOR LIABILITIES (228,392 ) (228,075 )
NET ASSETS 625,369 635,959

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 625,269 635,859
SHAREHOLDERS' FUNDS 625,369 635,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:




Mr H S Kataria - Director Mr J S Johal - Director




Mr R S Kataria - Director


KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Kudos Roadshow 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.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents invoiced sales (net of VAT) for the provision of event management services, combined with hiring of audio visual plant and equipment. Turnover is recognised when there is a right to income following completion of the event.

Turnover is inclusive of amounts recoverable on contract, based upon the contractual right and proportion of income up to the reporting date.

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.

Website is being amortised evenly over its estimated useful life of five years.

Intangible fixed assets
Amortisation is provided at the annual rate of 20% on cost in order to write off the asset over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Property - 2% on cost-excluding land at 0%
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - at variable rates on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% 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 statement of financial position date.


KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 statement of financial position 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 23 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 3,200
AMORTISATION
At 1 July 2023
and 30 June 2024 3,200
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
Property machinery fittings
£    £    £   
COST
At 1 July 2023 188,592 2,400,743 10,135
Additions - 415,640 -
Disposals - (78,125 ) -
At 30 June 2024 188,592 2,738,258 10,135
DEPRECIATION
At 1 July 2023 15,088 1,512,311 7,830
Charge for year 3,772 240,825 576
Eliminated on disposal - (13,852 ) -
At 30 June 2024 18,860 1,739,284 8,406
NET BOOK VALUE
At 30 June 2024 169,732 998,974 1,729
At 30 June 2023 173,504 888,432 2,305

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 50,806 50,413 2,700,689
Additions - - 415,640
Disposals - - (78,125 )
At 30 June 2024 50,806 50,413 3,038,204
DEPRECIATION
At 1 July 2023 38,171 47,330 1,620,730
Charge for year 2,527 880 248,580
Eliminated on disposal - - (13,852 )
At 30 June 2024 40,698 48,210 1,855,458
NET BOOK VALUE
At 30 June 2024 10,108 2,203 1,182,746
At 30 June 2023 12,635 3,083 1,079,959

KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS
30/6/24 30/6/23
£    £   
Amounts falling due within one year:
Trade debtors 377,640 501,474
Amounts owed by group undertakings 16,000 16,000
Amounts owed by associates 6,000 6,000
Amounts recoverable on contract 137,014 23,539
Other debtors 19,817 5,631
556,471 552,644

Amounts falling due after more than one year:
Other debtors 50,000 -

Aggregate amounts 606,471 552,644

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 62,391 89,913
Hire purchase contracts (see note 9) 2,171 -
Trade creditors 480,008 381,156
Amounts owed to group undertakings 188,035 217,297
Taxation and social security 143,766 320,122
Other creditors 100,418 377,978
976,789 1,386,466

Within 'Other Creditors' are amounts owed to the directors totalling £ 29,603 (2023 - £277,676) The loans are payable on demand and no interest has been charged to the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Bank loans 50,000 100,000

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30/6/24 30/6/23
£    £   
Net obligations repayable:
Within one year 2,171 -

KUDOS ROADSHOW LIMITED (REGISTERED NUMBER: 06921714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30/6/24 30/6/23
£    £   
Within one year 7,079 4,323

Operating lease commitments relates to equipment and telephone systems.

10. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 30/6/23
£    £   
Bank overdrafts 12,391 39,913
Bank loans 100,000 150,000
Hire purchase contracts 2,171 -
114,562 189,913

The company has entered into a cross guarantee debenture to secure all monies due or to become due by way of a fixed and floating charge over the undertaking and all property in Kudos 1430 Limited.

The hire purchase liabilities are secured upon the assets to which they relate.

The Coronavirus Business Interruption Loan (CBIL) is substantially guaranteed by the government.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
200 Ordinary £0.50 100 100

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Kudos 1430 Limited.