Company registration number 02326716 (England and Wales)
ECLIPSE PRESENTATIONS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ECLIPSE PRESENTATIONS LIMITED
COMPANY INFORMATION
Directors
Mr R Purslow
Mrs D Horseman
Mr J Castle
(Appointed 5 January 2024)
Secretary
Mrs C Purslow
Company number
02326716
Registered office
Kings Parade
Lower Coombe Street
Croydon
Surrey
CR0 1AA
Auditor
Bryden Johnson Limited
Kings Parade
Lower Coombe Street
Croydon
Surrey
CR0 1AA
Business address
5 Chaffinch Business Park
Croydon Road
Beckenham
Kent
BR3 4AA
ECLIPSE PRESENTATIONS LIMITED
CONTENTS
Page
Strategic report
1 - 4
Directors' report
5 - 6
Independent auditor's report
7 - 9
Profit and loss account
10
Statement of comprehensive income
11
Balance sheet
12
Statement of changes in equity
13
Statement of cash flows
14
Notes to the financial statements
15 - 25
ECLIPSE PRESENTATIONS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The directors present the strategic report for the year ended 31 December 2024.

 

This strategic report provides a detailed analysis of the Company’s current position, strategic initiatives, and financial outlook. It highlights our commitment to sustainable growth, operational excellence, and innovative service delivery. With over 120 dedicated staff members, the Company is poised to leverage its strengths and seize new opportunities in the dynamic events industry.

 

The Company specializes in comprehensive creative event production services, encompassing corporate events, weddings, conferences, and virtual events both in the UK, Europe and globally. Our business model focuses on delivering high-quality, customized experiences through meticulous planning, execution, and post-event analysis.

 

Our short-term goals include increasing market share in the corporate events sector, enhancing our digital presence and online engagement. Longer term goals include developing international markets and leading the industry in the increasing demand for eco-friendly sustainable event solutions.

Review of the business

In 2024 the Company committed to enhance our CRS with membership of ISLA and the Board voted to recruit both a Sustainability Lead and Health and Safety Manager. As proud partners of the AV Alliance, a community of eco-conscious technology partners, the Company is the sole UK supplier of AV Drop, as one of our key goals is to transition from a linear to a circular economy, aiming for zero waste and ensuring that custom scenic elements are less than 25% of the overall green scenic metric. 

Our event-specific energy-efficient production technology spans from conception through to execution on-site, and we ensure an environmentally holistic approach to our work.  The Company is EcoVadis certified and is looking to achieve ISO 9001:2015, ISO 45001:2018, and ISO 20121 certifications in the next 12 months. 

 

Employees

Team is everything to us. We approach all projects with a carefully chosen team of individuals, each of whom bring their own talents and perspectives to the event. We are proud of our people and their passion for the job.

The directors recognise the value of the people it employs and makes sure that all employees are well prepared for any new opportunities and challenges to their working lives.  The Company sets out to attract capable employees, and to retain and motivate them once they are employed. It does so by a combination of offering market rates of pay and benefits in kind, and training, together with involvement in some of the decision-making process, and consultation about major changes in policy and procedures. The Company is committed to providing regular training and development programs to keep staff updated with industry trends and skills. The Company fosters a positive work environment through workplace committees, recognition programs, team-building activities, and career development opportunities.

 

ECLIPSE PRESENTATIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -

Results

The company delivered a strong financial performance over the reporting period, reflecting the success of its strategic initiatives and operational efficiencies. Turnover increased significantly from £15.3 million to £20.7 million, representing a year-on-year growth of 35%. This growth was underpinned by a robust events calendar, improved client retention, and expansion into new market segments.

Gross margin improved from 48.8% to 51.3% indicating enhanced cost control and a shift toward higher-margin services. The company’s focus on value-added offerings and streamlined procurement contributed to this margin expansion.

Excluding the write off of the inter company loan with the holding company, net profit grew by an impressive 58%, with the net profit margin rising from 11.2% to 13.2%. This reflects disciplined financial management and an effective scaling of operations, allowing for increased profitability as revenues rose.

Similarly, although the net assets of the company reduced by £660,360 from £5,501,220 to £4,840,860 the activities within the year resulted in the company’s balance sheet having strengthened, with net assets increasing by £1.7 million, supported by a £560,000 rise in fixed assets, which included key investments in technology aimed at supporting long-term growth.

These results position the company well for continued expansion and demonstrate the positive impact of its current strategic direction.

People & Development

As part of our commitment to nurturing future talent and supporting skills development within the industry, we continued to invest in our apprenticeship programme. During the year, we celebrated the successful completion of an AV Technician apprenticeship, with the individual now employed full-time within the business. Building on this success, we have welcomed a new AV Technician apprentice and further expanded the scheme by introducing a Finance apprenticeship. These initiatives not only strengthen our internal capabilities but also reinforce our long-term strategy of developing a skilled, diverse, and sustainable workforce.

Principal risks and uncertainties

The management of the business and the execution of the Company strategy are subject to a number of risks.

 

Interest rate risk

The Company has sufficient liquidity to fund its operations, therefore the company does not consider interest rate risk to be significant.

 

Liquidity risk

The Company monitors and manages its liquidity closely and pays particular attention to its cash flow. Debtors are checked for compliance with the Company's credit policy and monitored regularly for any other breach of credit terms.

 

Credit Risk

The Company’s credit policy is based on regular credit checks of new and existing customers, supplemented by credit agency reports, observing credit limits and visits by the Company’s sales staff. Customers are required to enter into agreements, which include clearly defined payment terms. Once trade credit has been granted, performance is monitored closely.

 

Exchange risk

The Company predominantly uses three currencies, Sterling, US Dollars and Euros. The level of funds held in each of the currencies is monitored regularly and any excess foreign currency is managed and actively traded into GBP when advantageous to do so.

ECLIPSE PRESENTATIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -

Non-financial risks

The key business risks and uncertainties affecting the Company are potential impact on client budgets and event spending due to economic downturns. This is mitigated by diversifying our client base and keeping close management of overheads. Competitive pressures are also a risk from increased competition from new entrants and established players. The Company looks to continuously innovate and invest to maintain its competitive edge.

 

Product, public and employee liability are covered by the Company's insurances, which are arranged by independent brokers with reputable underwriters, and the cover is reviewed annually. In addition, the Company provides product liability cover, which is also insured, for all those of its products which the Company sells.

 

Damage or loss arising from natural and other causes, including fire, flood, lightning, riot, and civil commotion is covered by insurances, which are also arranged by independent brokers with reputable underwriters, and the cover is reviewed annually.

 

The Company has a Health & Safety policy, which is reviewed annually by the Board. The Managing Director is responsible for its implementation. That is backed up by insurance. The Board, having reviewed the above risk management policies and procedures, confirms that the procedures comply with the policies, and that no significant failures or weaknesses have been identified during the past year.

 

The Company is committed to achieving sustainable growth and maintaining its reputation for excellence in the events industry. Our strategic initiatives are designed to enhance market presence, operational efficiency, and customer satisfaction. By focusing on innovation, staff development, and financial prudence, The Company is well-positioned to navigate the challenges and opportunities ahead. This strategic report underscores our dedication to long-term success and provides a roadmap for achieving our financial and operational goals.

Future Outlook

The Company anticipates continued positive momentum in 2025, with revenue projected to grow to £25.5 million. While gross margin improvements are expected to be more modest compared to the previous year, the upward trajectory reflects our ongoing focus on operational efficiency and value-added service delivery.

Our strategy remains focused on maintaining a competitive edge, expanding our market share, and continuing to outpace the wider industry. We are confident in our ability to further grow our customer base, diversify our service offering, and deliver sustainable business performance.

With strong performance across all departments, the Company enters the coming year with a positive outlook and a clear path for continued growth and profitability.

Key performance indicators

Given the straightforward nature of the business, the Company's directors are of the opinion that analysis using KPIs is not necessary for an understanding of the development, performance or position of the business.

ECLIPSE PRESENTATIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -

Sustainability and Excellence 

2024 marked a pivotal year in the Company’s sustainability journey as we really shifted from planning which we were recognised as the "best" by ISLA, the highest achievable score at measuring real impact and analysing data. As part of our ongoing commitment, we embedded sustainability across our systems, culture, and client delivery. Following our membership with ISLA and strategic sustainability hire, we have transitioned into Phase 2 of our Sustainability Management System and internal training programmes, all tracked by our company sustainability objectives, split by 4 key pillars and KPIs. Sustainability is now integrated into our day-to-day decision-making. We have introduced post-event carbon impact reporting for £30k+ projects, with a good uptake measuring through Sustrax MX. Data is now feeding directly into client recommendations and company wide  improvements.

 

We have:

 

We have also published a detailed 2024 Eco-Report outlining emissions reduction targets and timelines and are now preparing to rename this as our Sustainability Report in line with evolving best practice and compliance. Looking ahead, we are currently working towards our ISO 20121 certification and publishing our 2025 Sustainability report with even more transparent data.

On behalf of the board

Mr R Purslow
Director
22 July 2025
ECLIPSE PRESENTATIONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Principal activities
The principal activity of the company continued to be that of engaging in support services for the staging of presentations and conferences.
Results and dividends

The results for the year are set out on page 10.

Ordinary dividends were paid amounting to £301,266. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr R Purslow
Mrs D Horseman
Mr J Castle
(Appointed 5 January 2024)
Auditor

The auditor, Bryden Johnson Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

ECLIPSE PRESENTATIONS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
On behalf of the board
Mr R Purslow
Mrs D Horseman
Director
Director
22 July 2025
ECLIPSE PRESENTATIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF ECLIPSE PRESENTATIONS LIMITED
- 7 -
Opinion

We have audited the financial statements of Eclipse Presentations Limited (the 'company') for the year ended 31 December 2024 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

ECLIPSE PRESENTATIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF ECLIPSE PRESENTATIONS LIMITED (CONTINUED)
- 8 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to UK taxation, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to management override of controls. Audit procedures performed by the engagement team included:

 

- Reviewing minutes of meetings of those charged with governance;

- Enquiry of management and those charged with governance around actual and potential litigation and claims;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations, and

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness and testing accounting estimates (because of the risk of management bias).

 

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

ECLIPSE PRESENTATIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF ECLIPSE PRESENTATIONS LIMITED (CONTINUED)
- 9 -

Use of our report

This report is made solely to the company's member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's member those matters we are required to state to the member in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's member, for our audit work, for this report, or for the opinions we have formed.

Jackie Wilding
Senior Statutory Auditor
For and on behalf of Bryden Johnson Limited
5 August 2025
Chartered Accountants
Statutory Auditor
Kings Parade
Lower Coombe Street
Croydon
Surrey
CR0 1AA
ECLIPSE PRESENTATIONS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 10 -
2024
2023
Notes
£
£
Turnover
3
20,726,101
15,350,947
Cost of sales
(10,084,065)
(7,855,449)
Gross profit
10,642,036
7,495,498
Administrative expenses
(7,924,543)
(5,741,223)
Exceptional items
4
(2,396,946)
-
0
Operating profit
5
320,547
1,754,275
Interest receivable and similar income
8
68,208
20,598
Interest payable and similar expenses
9
(58,282)
(54,503)
Profit before taxation
330,473
1,720,370
Tax on profit
10
(689,567)
(402,223)
(Loss)/profit for the financial year
(359,094)
1,318,147

The profit and loss account has been prepared on the basis that all operations are continuing operations.

ECLIPSE PRESENTATIONS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
2024
2023
£
£
(Loss)/profit for the year
(359,094)
1,318,147
Other comprehensive income
-
-
Total comprehensive income for the year
(359,094)
1,318,147
ECLIPSE PRESENTATIONS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 12 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
12
1,954,063
1,393,981
Current assets
Stocks
13
24,409
19,259
Debtors
14
2,462,610
4,512,285
Cash at bank and in hand
5,691,152
4,103,560
8,178,171
8,635,104
Creditors: amounts falling due within one year
15
(4,527,165)
(3,523,183)
Net current assets
3,651,006
5,111,921
Total assets less current liabilities
5,605,069
6,505,902
Creditors: amounts falling due after more than one year
16
(279,700)
(658,674)
Provisions for liabilities
Deferred tax liability
19
484,509
346,008
(484,509)
(346,008)
Net assets
4,840,860
5,501,220
Capital and reserves
Called up share capital
21
24,000
24,000
Capital redemption reserve
8,400
8,400
Profit and loss reserves
4,808,460
5,468,820
Total equity
4,840,860
5,501,220

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 22 July 2025 and are signed on its behalf by:
Mr R  Purslow
Mrs D Horseman
Director
Director
Company registration number 02326716 (England and Wales)
ECLIPSE PRESENTATIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 13 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2023
24,000
8,400
4,488,113
4,520,513
Year ended 31 December 2023:
Profit and total comprehensive income
-
-
1,318,147
1,318,147
Dividends
11
-
-
(337,440)
(337,440)
Balance at 31 December 2023
24,000
8,400
5,468,820
5,501,220
Year ended 31 December 2024:
Loss and total comprehensive income
-
-
(359,094)
(359,094)
Dividends
11
-
-
(301,266)
(301,266)
Balance at 31 December 2024
24,000
8,400
4,808,460
4,840,860
ECLIPSE PRESENTATIONS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
25
3,644,049
2,053,273
Interest paid
(58,282)
(54,503)
Corporation tax paid
(284,917)
(418,568)
Net cash inflow from operating activities
3,300,850
1,580,202
Investing activities
Purchase of tangible fixed assets
(1,125,354)
(1,028,536)
Proceeds from disposal of tangible fixed assets
5,417
26,327
Repayment of loans
(5,598)
-
0
Interest received
68,208
20,598
Net cash used in investing activities
(1,057,327)
(981,611)
Financing activities
Repayment of bank loans
(104,000)
(104,000)
Proceeds received / (paid) from finance leases obligations
(250,665)
561,709
Dividends paid
(301,266)
(337,440)
Net cash (used in)/generated from financing activities
(655,931)
120,269
Net increase in cash and cash equivalents
1,587,592
718,860
Cash and cash equivalents at beginning of year
4,103,560
3,384,700
Cash and cash equivalents at end of year
5,691,152
4,103,560
ECLIPSE PRESENTATIONS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
1
Accounting policies
Company information

Eclipse Presentations Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kings Parade, Lower Coombe Street, Croydon, Surrey, CR0 1AA.

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.

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, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet 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.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for 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.

1.4
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 Leasehold
Over period of the lease
Plant and machinery
25% and 33% straight line
Fixtures, fittings & equipment
25% straight line
Motor vehicles
over 6 years

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.

1.5
Stocks

Stocks are stated at the lower of cost and net realisable value.

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.

ECLIPSE PRESENTATIONS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 16 -
1.7
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 of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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.

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 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 receipts 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.

1.8
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.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

ECLIPSE PRESENTATIONS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 17 -
1.10
Retirement benefits

Pension contributions payable are charged to the profit and loss account in the year they are payable.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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.

 

Such estimates are generally in relation to the application of depreciation policies, whereby the estimate is based on managements knowledge of the business and current environment.

 

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
Turnover and other revenue

An analysis of the company's turnover is as follows:

2024
2023
£
£
Turnover analysed by geographical market
United Kingdom
15,605,167
12,182,691
United States
4,450,462
1,204,906
Europe
634,419
663,600
Rest of the world
36,053
1,299,750
20,726,101
15,350,947
ECLIPSE PRESENTATIONS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3
Turnover and other revenue
(Continued)
- 18 -
2024
2023
£
£
Other revenue
Interest income
68,208
20,598
4
Exceptional item
2024
2023
£
£
Expenditure
Intercompany loans written off
2,396,946
-
5
Operating profit
2024
2023
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange losses/(gains)
(28,029)
-
0
Fees payable to the company's auditors for the audit of the company's financial statements
13,500
10,500
Depreciation of owned tangible fixed assets
565,272
362,947
Profit on disposal of tangible fixed assets
(5,417)
(20,572)
Operating lease charges
295,095
241,370
6
Employees

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

2024
2023
Number
Number
Administration
12
10
Production
109
83
Total
121
93

Their aggregate remuneration comprised:

2024
2023
£
£
Wages and salaries
5,781,318
3,903,659
Social security costs
572,579
394,175
Pension costs
243,313
260,310
6,597,210
4,558,144
ECLIPSE PRESENTATIONS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 19 -
7
Directors' remuneration
2024
2023
£
£
Remuneration for qualifying services
160,634
63,500
Company pension contributions to defined contribution schemes
91,776
136,500
252,410
200,000
8
Interest receivable and similar income
2024
2023
£
£
Interest income
Interest on bank deposits
68,208
20,598
9
Interest payable and similar expenses
2024
2023
£
£
Interest on bank overdrafts and loans
19,754
24,983
Interest on finance leases and hire purchase contracts
38,528
29,520
58,282
54,503
10
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
551,066
248,856
Adjustments in respect of prior periods
-
0
(63,940)
Total current tax
551,066
184,916
Deferred tax
Origination and reversal of timing differences
138,501
217,307
Total tax charge
689,567
402,223
ECLIPSE PRESENTATIONS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10
Taxation
(Continued)
- 20 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2024
2023
£
£
Profit before taxation
330,473
1,720,370
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 23.52%)
82,618
404,631
Tax effect of expenses that are not deductible in determining taxable profit
606,913
6,893
Under/(over) provided in prior years
-
0
(63,940)
Enhanced capital allowance
(140,901)
(162,670)
Deferred tax adjustment
138,501
217,309
Profit on disposal
(1,354)
-
0
Pension adjustment
3,790
-
0
Taxation charge for the year
689,567
402,223
11
Dividends
2024
2023
£
£
Interim paid
301,266
337,440
ECLIPSE PRESENTATIONS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 21 -
12
Tangible fixed assets
Land and buildings Leasehold
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
20,129
3,004,015
89,916
94,415
3,208,475
Additions
6,530
969,692
149,132
-
0
1,125,354
Disposals
-
0
(17,218)
-
0
-
0
(17,218)
At 31 December 2024
26,659
3,956,489
239,048
94,415
4,316,611
Depreciation and impairment
At 1 January 2024
20,129
1,692,220
86,403
15,742
1,814,494
Depreciation charged in the year
218
547,184
2,128
15,742
565,272
Eliminated in respect of disposals
-
0
(17,218)
-
0
-
0
(17,218)
At 31 December 2024
20,347
2,222,186
88,531
31,484
2,362,548
Carrying amount
At 31 December 2024
6,312
1,734,303
150,517
62,931
1,954,063
At 31 December 2023
-
0
1,311,795
3,513
78,673
1,393,981

The net book value of tangible fixed assets includes £478,136 (2023 : £682,965), in respect of assets held under finance lease or hire purchase contracts. The depreciation charge in respect of such assets amounted to £193,555 (2023 : £15,742).

13
Stocks
2024
2023
£
£
Stocks
24,409
19,259
14
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,218,952
1,946,280
Corporation tax recoverable
-
0
63,940
Amounts owed by group undertakings
-
0
2,244,518
Other debtors
8,773
5,794
Prepayments and accrued income
234,885
251,753
2,462,610
4,512,285
ECLIPSE PRESENTATIONS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 22 -
15
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Bank loans
17
104,000
104,000
Obligations under finance leases
18
262,525
238,216
Trade creditors
1,857,210
1,396,782
Corporation tax
451,065
248,856
Other taxation and social security
640,603
619,496
Other creditors
72,751
53,644
Accruals and deferred income
1,139,011
862,189
4,527,165
3,523,183
16
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
17
104,000
208,000
Obligations under finance leases
18
175,700
450,674
279,700
658,674
17
Loans and overdrafts
2024
2023
£
£
Bank loans
208,000
312,000
Payable within one year
104,000
104,000
Payable after one year
104,000
208,000

There is a fixed / floating charge over all the assets of the company in respect of a bank loan.

18
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
262,525
238,216
In two to five years
175,700
450,674
438,225
688,890

Finance lease payments represent rentals payable by the company for certain items of plant and machinery.

ECLIPSE PRESENTATIONS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 23 -
19
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
484,509
346,008
2024
Movements in the year:
£
Liability at 1 January 2024
346,008
Charge to profit or loss
138,501
Liability at 31 December 2024
484,509
20
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
243,313
260,310

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

21
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
24,000
24,000
24,000
24,000
ECLIPSE PRESENTATIONS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 24 -
22
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
2023
£
£
Within one year
203,878
203,878
Between two and five years
139,262
343,140
343,140
547,018
23
Related party transactions

The company has taken advantage of the exemption available under FRS102 for Related Party disclosure, not to disclose any transactions and balances between the group companies that have been eliminated on consolidation.

24
Ultimate controlling party

The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is RPG Live Limited. Copies of RPG Live Limited consolidated financial statements can be obtained from Companies House.

 

The ultimate controlling party is Mr R Purslow, by virtue of his shareholding.

25
Cash generated from operations
2024
2023
£
£
(Loss)/profit for the year after tax
(359,094)
1,318,147
Adjustments for:
Taxation charged
689,567
402,223
Finance costs
58,282
54,503
Investment income
(68,208)
(20,598)
Gain on disposal of tangible fixed assets
(5,417)
(20,572)
Depreciation and impairment of tangible fixed assets
565,272
362,947
Movements in working capital:
Increase in stocks
(5,150)
(3,259)
Decrease/(increase) in debtors
1,991,333
(155,563)
Increase in creditors
777,464
115,445
Cash generated from operations
3,644,049
2,053,273
ECLIPSE PRESENTATIONS LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 25 -
26
Analysis of changes in net funds
1 January 2024
Cash flows
31 December 2024
£
£
£
Cash at bank and in hand
4,103,560
1,587,592
5,691,152
Borrowings excluding overdrafts
(312,000)
104,000
(208,000)
Obligations under finance leases
(688,890)
250,665
(438,225)
3,102,670
1,942,257
5,044,927
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