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REGISTERED NUMBER: 02520369 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

UV&S EVENT SERVICES LTD

UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UV&S EVENT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: J N Ollenburger
D P Monahan
M Cox





REGISTERED OFFICE: Unit 9 Hambridge Business Centre
Hambridge Lane
Newbury
Berkshire
RG14 5TN





REGISTERED NUMBER: 02520369 (England and Wales)





AUDITORS: Clemence Hoar Cummings
Chartered Accountants and Statutory Auditor
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 219,029 154,081

CURRENT ASSETS
Stocks - 189,663
Debtors 5 1,455,770 992,560
Cash at bank and in hand 1,206,517 151,217
2,662,287 1,333,440
CREDITORS
Amounts falling due within one year 6 1,685,000 769,387
NET CURRENT ASSETS 977,287 564,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,196,316

718,134

CREDITORS
Amounts falling due after more than
one year

7

(61,750

)

(66,334

)

PROVISIONS FOR LIABILITIES (52,175 ) (35,472 )
NET ASSETS 1,082,391 616,328

CAPITAL AND RESERVES
Called up share capital 201 201
Retained earnings 9 1,082,190 616,127
1,082,391 616,328

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 31st March 2025 and were signed on its behalf by:





D P Monahan - Director


UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

UV&S 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue derived from providing displays for short-term events is recognised upon the commencement of the event, consistent with the pattern of benefits expected to be derived by the customer in most cases until the end of event.

Revenue from logistics facilities is recognised when the service is carried out and the customer receives the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery Straight line 10% and 25%
Motor Vehicles 25% reducing balance

Stocks
Work in progress is valued at the lower of cost or net realisable value.

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which includes trade and other debtors, 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that as a result of one or more events that occurred after an initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and preference shares classed 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire

Equity Instruments
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.


UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 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.

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.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

Going concern
The directors believe that the company is well placed to manage its business risks successfully and has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024 513,796
Additions 136,174
Disposals (20,419 )
At 31st December 2024 629,551
DEPRECIATION
At 1st January 2024 359,716
Charge for year 70,680
Eliminated on disposal (19,874 )
At 31st December 2024 410,522
NET BOOK VALUE
At 31st December 2024 219,029
At 31st December 2023 154,080

UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1st January 2024 126,995
Additions 75,700
At 31st December 2024 202,695
DEPRECIATION
At 1st January 2024 70,186
Charge for year 30,411
At 31st December 2024 100,597
NET BOOK VALUE
At 31st December 2024 102,098
At 31st December 2023 56,809

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 272,101 427,981
Amounts owed by group undertakings 500,000 500,000
Other debtors 683,669 64,579
1,455,770 992,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 57,925 92,926
Trade creditors 483,866 152,547
Taxation and social security 161,465 226,980
Other creditors 981,744 296,934
1,685,000 769,387

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,312 49,111
Other creditors 52,438 17,223
61,750 66,334

UV&S EVENT SERVICES LTD (REGISTERED NUMBER: 02520369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 147,500 182,056
Between one and five years 122,916 258,125
270,416 440,181

9. RESERVES
Retained
earnings
£   

At 1st January 2024 616,127
Profit for the year 466,063
At 31st December 2024 1,082,190

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Perkins FCA CTA (Senior Statutory Auditor)
for and on behalf of Clemence Hoar Cummings

11. ULTIMATE CONTROLLING PARTY

UV&S Ltd owns 100% of the company's ordinary share capital.

The ultimate holding company is Underground Vaults & Storage Inc.which owns 100% of the ordinary share capital of UV&S Ltd.

Underground Vaults & Storage Inc. is a company incorporated in the United States of America, in which the results of the company are incorporated. The registered address of Underground Vaults & Storage Inc. is 906 North Halstead, PO Box 1723, Hutchinson, Kansas 675041723.