Aztec Event Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05429795 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AZTEC EVENT SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Robson

K Robson

S Colesell

SECRETARY:

J D Robson

REGISTERED OFFICE:

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

REGISTERED NUMBER:

05429795 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,469,209

1,519,618

Investments

6

117,063

-

1,586,272

1,519,618

CURRENT ASSETS

Debtors

7

1,696,976

1,442,341

Cash at bank and in hand

1,175,805

1,304,568

2,872,781

2,746,909

CREDITORS

Amounts falling due within one year

8

1,901,714

1,818,827

NET CURRENT ASSETS

971,067

928,082

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,557,339

2,447,700

CREDITORS

Amounts falling due after more than one
year

9

(567,826

)

(871,206

)

PROVISIONS FOR LIABILITIES

12

(322,870

)

(312,797

)

NET ASSETS

1,666,643

1,263,697

CAPITAL AND RESERVES

Called up share capital

13

242,494

220,000

Share premium

5,000

Capital redemption reserve

15,000

Retained earnings

1,404,149

1,023,697

SHAREHOLDERS' FUNDS

1,666,643

1,263,697

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 4 April 2025 and were signed on its behalf by:

J D Robson - Director

1.	STATUTORY INFORMATION

Aztec Event Services Ltd 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.

Preparation of consolidated financial statements

The financial statements contain information about Aztec Event Services Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of the provision of audio and visual equipment, excluding value added tax. Services are recognised as turnover once they have been completed.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost, 20% on cost and at varying rates on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 60 (2023 - 56 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

154,909

AMORTISATION

At 1 January 2024

and 31 December 2024

154,909

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

5,303,547

Additions

388,429

Disposals

(2,132,836

)

At 31 December 2024

3,559,140

DEPRECIATION

At 1 January 2024

3,783,929

Charge for year

357,943

Eliminated on disposal

(2,051,941

)

At 31 December 2024

2,089,931

NET BOOK VALUE

At 31 December 2024

1,469,209

At 31 December 2023

1,519,618

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

1,563,783

Additions

283,760

Transfer to ownership

(237,684

)

At 31 December 2024

1,609,859

DEPRECIATION

At 1 January 2024

297,908

Charge for year

261,541

Transfer to ownership

(131,889

)

At 31 December 2024

427,560

NET BOOK VALUE

At 31 December 2024

1,182,299

At 31 December 2023

1,265,875

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

117,063

At 31 December 2024

117,063

NET BOOK VALUE

At 31 December 2024

117,063

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

536,951

441,788

Amounts owed by group undertakings

812,185

-

Other debtors

347,840

1,000,553

1,696,976

1,442,341

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

120,000

Hire purchase contracts (see note 10)

461,612

412,010

Trade creditors

308,481

338,146

Taxation and social security

502,480

367,597

Other creditors

509,141

581,074

1,901,714

1,818,827

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Bank loans

40,000

160,000

Hire purchase contracts (see note 10)

527,826

711,206

567,826

871,206

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.24

31.12.23

£

Net obligations repayable:

Within one year

461,612

412,010

Between one and five years

527,826

711,206

989,438

1,123,216

Non-cancellable operating

leases

31.12.24

31.12.23

£

Within one year

249,306

250,322

Between one and five years

291,170

540,476

790,798

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank loans

160,000

280,000

National Westminster Bank PLC hold a fixed and floating charge dated 11 June 2009 over all of the company's assets.

12.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

322,870

312,797

Deferred

tax

£

Balance at 1 January 2024

312,797

Movement in deferred tax

10,073

Balance at 31 December 2024

322,870

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100,000

Ordinary

£1.00

122,494

100,000

45,000

Ordinary B

£1.00

45,000

75,000

Preference

£1.00

75,000

242,494

220,000

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

Director

Balance outstanding at start of year

-

Amounts advanced

42,500

35,000

Amounts repaid

(42,500

)

(35,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Director

Balance outstanding at start of year

-

Amounts advanced

42,500

35,000

Amounts repaid

(42,500

)

(35,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Director

Balance outstanding at start of year

-

Amounts advanced

55,000

50,000

Amounts repaid

(55,000

)

(50,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-