Company registration number 10172124 (England and Wales)
RPG LIVE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
RPG LIVE LIMITED
COMPANY INFORMATION
Director
Mr R Purslow
Secretary
Mrs C Purslow
Company number
10172124
Registered office
1-4 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
RPG LIVE LIMITED
CONTENTS
Page
Strategic report
1 - 4
Director's report
5 - 6
Independent auditor's report
7 - 9
Profit and loss account
10
Group statement of comprehensive income
11
Group balance sheet
12
Company balance sheet
13
Group statement of changes in equity
14
Company statement of changes in equity
15
Group statement of cash flows
16
Company statement of cash flows
17
Notes to the financial statements
18 - 32
RPG LIVE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The director presents the strategic report for the year ended 31 December 2024.

 

This strategic report provides a detailed analysis of the Group’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 Group is poised to leverage its strengths and seize new opportunities in the dynamic events industry.

 

The Group 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.

RPG LIVE LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Review of the business

In 2024 the Group 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 Group 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 Group 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 director recognises the value of the people the Group employs and makes sure that all employees are well prepared for any new opportunities and challenges to their working lives. The Group 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 Group is committed to providing regular training and development programs to keep staff updated with industry trends and skills. The Group fosters a positive work environment through workplace committees, recognition programs, team-building activities, and career development opportunities.

 

Results

The Group 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 Group’s focus on value-added offerings and streamlined procurement contributed to this margin expansion.

Net profit grew by an impressive 62%, with the net profit margin rising from 10.59% to 12.73%. This reflects disciplined financial management and an effective scaling of operations, allowing for increased profitability as revenues rose.

The Group’s balance sheet also strengthened during the period. Net assets increased by £1.64 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 Group 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.

RPG LIVE LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
Principal risks and uncertainties

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

 

Interest rate risk

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

 

Liquidity risk

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

 

Credit Risk

The Group’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 Group’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 Group 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.

 

Non-financial risks

The key business risks and uncertainties affecting the Group 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 Group looks to continuously innovate and invest to maintain its competitive edge.

 

Product, public and employee liability are covered by the Group's insurances, which are arranged by independent brokers with reputable underwriters, and the cover is reviewed annually. In addition, the Group provides product liability cover, which is also insured, for all those of its products which the Group 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 Group 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 Group 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 Group 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 Group 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 Group enters the coming year with a positive outlook and a clear path for continued growth and profitability.

RPG LIVE LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
Key performance indicators

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

Sustainability and Excellence 

2024 marked a pivotal year in the Group’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
RPG LIVE LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -

The director presents his annual report and financial statements for the year ended 31 December 2024.

Principal activities

The principal activity of the company and group 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 director does not recommend payment of a final dividend.

Director

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

Mr R Purslow
Auditor

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

Statement of director's responsibilities

The director is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

 

 

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the group and 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 auditor of the company 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 auditor of the company is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

RPG LIVE LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
On behalf of the board
Mr R Purslow
Director
22 July 2025
RPG LIVE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF RPG LIVE LIMITED
- 7 -
Opinion

We have audited the financial statements of RPG Live Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company 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 group and parent 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 director's 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 group's and parent 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 director 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 director is 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:

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

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the director's 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 director

As explained more fully in the director's responsibilities statement, the director is 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 director determines 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 director is responsible for assessing the parent 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 director either intends to liquidate the parent company or to cease operations, or has 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 group 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.

RPG LIVE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF RPG LIVE LIMITED
- 9 -

Use of our report

This report is made solely to the company’s members, as a body, 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 members those matters we are required to state to them 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 members as a body, 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
RPG LIVE LIMITED
GROUP 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
(8,019,967)
(5,848,270)
Exceptional item
-
0
(1,480,000)
Exceptional item
-
0
1,480,000
Operating profit
4
2,622,069
1,647,228
Interest receivable and similar income
7
75,859
33,930
Interest payable and similar expenses
8
(58,282)
(54,959)
Profit before taxation
2,639,646
1,626,199
Tax on profit
9
(690,444)
(402,223)
Profit for the financial year
1,949,202
1,223,976
Profit for the financial year is all attributable to the owners of the parent company.
RPG LIVE LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
2024
2023
£
£
Profit for the year
1,949,202
1,223,976
Other comprehensive income
-
-
Total comprehensive income for the year
1,949,202
1,223,976
Total comprehensive income for the year is all attributable to the owners of the parent company.
RPG LIVE LIMITED
GROUP BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 12 -
2024
2023
Notes
£
£
£
£
Fixed assets
Goodwill
11
279,838
373,117
Tangible assets
12
1,954,063
1,393,981
2,233,901
1,767,098
Current assets
Stocks
15
24,409
19,259
Debtors
16
2,732,610
2,267,767
Cash at bank and in hand
6,152,140
4,676,897
8,909,159
6,963,923
Creditors: amounts falling due within one year
17
(4,530,542)
(3,525,966)
Net current assets
4,378,617
3,437,957
Total assets less current liabilities
6,612,518
5,205,055
Creditors: amounts falling due after more than one year
18
(279,700)
(658,674)
Provisions for liabilities
Deferred tax liability
21
484,509
346,008
(484,509)
(346,008)
Net assets
5,848,309
4,200,373
Capital and reserves
Called up share capital
24
1,011
1,011
Share premium account
748,922
748,922
Profit and loss reserves
5,098,376
3,450,440
Total equity
5,848,309
4,200,373

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

The financial statements were approved and signed by the director and authorised for issue on 22 July 2025
22 July 2025
Mr R  Purslow
Director
Company registration number 10172124 (England and Wales)
RPG LIVE LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 13 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
13
2,740,000
2,740,000
Current assets
Debtors
16
270,000
-
0
Cash at bank and in hand
460,988
573,337
730,988
573,337
Creditors: amounts falling due within one year
17
(3,377)
(2,247,301)
Net current assets/(liabilities)
727,611
(1,673,964)
Net assets
3,467,611
1,066,036
Capital and reserves
Called up share capital
24
1,011
1,011
Share premium account
748,922
748,922
Profit and loss reserves
2,717,678
316,103
Total equity
3,467,611
1,066,036

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £2,702,841 (2023 - £336,548 profit).

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

The financial statements were approved and signed by the director and authorised for issue on 22 July 2025
22 July 2025
Mr R  Purslow
Director
Company registration number 10172124 (England and Wales)
RPG LIVE LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2023
-
0
-
0
-
0
-
Year ended 31 December 2023:
Profit and total comprehensive income
-
-
1,223,976
1,223,976
Issue of share capital
24
10
748,922
-
748,932
Dividends
10
-
-
(387,440)
(387,440)
Transfers
-
-
2,613,904
2,613,904
Other movements
1,001
-
-
1,001
Balance at 31 December 2023
1,011
748,922
3,450,440
4,200,373
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
1,949,202
1,949,202
Dividends
10
-
-
(301,266)
(301,266)
Balance at 31 December 2024
1,011
748,922
5,098,376
5,848,309
RPG LIVE LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2023
-
-
-
-
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
-
703,543
703,543
Issue of share capital
24
1,011
748,922
-
749,933
Dividends
10
-
-
(387,440)
(387,440)
Balance at 31 December 2023
1,011
748,922
316,103
1,066,036
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
2,702,841
2,702,841
Dividends
10
-
-
(301,266)
(301,266)
Balance at 31 December 2024
1,011
748,922
2,717,678
3,467,611
RPG LIVE LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
27
3,794,049
4,290,687
Interest paid
(58,282)
(54,959)
Corporation taxes paid
(284,917)
-
Net cash inflow from operating activities
3,450,850
4,235,728
Investing activities
Purchase of tangible fixed assets
(1,125,354)
(3,245,280)
Proceeds from disposal of tangible fixed assets
5,417
26,327
Net of cash acquired from purchase of subsidiaries
-
3,045,396
Repayment of loans
(275,598)
-
Interest received
75,859
33,930
Net cash used in investing activities
(1,319,676)
(139,627)
Financing activities
Proceeds from issue of shares
-
9,930
Bank loan taken
-
416,000
Proceeds received from financing lease obligations
646,306
Repayment of bank loans
(104,000)
(104,000)
Payment of finance leases obligations
(250,665)
-
Dividends paid to equity shareholders
(301,266)
(387,440)
Net cash (used in)/generated from financing activities
(655,931)
580,796
Net increase in cash and cash equivalents
1,475,243
4,676,897
Cash and cash equivalents at beginning of year
4,676,897
-
0
Cash and cash equivalents at end of year
6,152,140
4,676,897
RPG LIVE LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 17 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
28
150,000
409,595
Interest paid
-
0
(456)
Corporation taxes paid
-
0
(9,138)
Net cash inflow from operating activities
150,000
400,001
Investing activities
Loans made
(270,000)
-
0
Interest received
7,651
13,332
Dividends received
301,266
337,440
Net cash generated from investing activities
38,917
350,772
Financing activities
Proceeds from issue of shares
-
9,930
Dividends paid to equity shareholders
(301,266)
(387,440)
Net cash used in financing activities
(301,266)
(377,510)
Net (decrease)/increase in cash and cash equivalents
(112,349)
373,263
Cash and cash equivalents at beginning of year
573,337
200,074
Cash and cash equivalents at end of year
460,988
573,337
RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 18 -
1
Accounting policies
Company information

RPG Live Limited (“the company”) is a private limited company incorporated in England and Wales. The registered office is 1-4 Kings Parade, Lower Coombe Street, Croydon, Surrey, CR0 1AA.

 

The group consists of RPG Live Limited and all of its subsidiaries.

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. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. Investments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

 

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company RPG Live Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

 

All financial statements are made up to 31 December 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

 

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.4
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 19 -
1.5
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.

1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.7
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:

Leasehold land and buildings
Over the period of the lease
Plant and machinery
25% and 33% straight line
Fixtures, fittings and 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 recognised in the profit and loss account.

1.8
Fixed asset investments

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

 

In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 20 -
1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible 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.

 

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

1.10
Stocks

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

1.11
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.

1.12
Financial instruments

The group 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.

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 group 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 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.

1.13
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 21 -
1.14
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 group’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.

1.15
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.

1.16
Retirement benefits

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

1.17
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

 

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

1.18
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 profit or loss 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 leased asset are consumed.

RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 22 -
1.19
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 group’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.

 

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
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
2024
2023
£
£
Other revenue
Interest income
75,859
33,930
4
Operating profit
2024
2023
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange gains
(28,029)
-
Depreciation of owned tangible fixed assets
565,272
362,947
Profit on disposal of tangible fixed assets
(5,417)
(20,572)
Amortisation of intangible assets
93,279
93,279
Operating lease charges
295,095
241,370
RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 23 -
5
Auditor's remuneration
2024
2023
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
2,000
2,520
Audit of the financial statements of the company's subsidiaries
13,500
10,500
15,500
13,020
6
Employees

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

Group
Company
2024
2023
2024
2023
Number
Number
Number
Number
Administration
12
10
1
1
Production
109
83
-
-
Total
121
93
1
1

Their aggregate remuneration comprised:

Group
Company
2024
2023
2024
2023
£
£
£
£
Wages and salaries
5,781,318
3,903,659
-
0
-
0
Social security costs
572,579
394,175
-
-
Pension costs
243,313
260,310
-
0
-
0
6,597,210
4,558,144
-
0
-
0
7
Interest receivable and similar income
2024
2023
£
£
Interest income
Interest on bank deposits
75,859
33,930
2024
2023
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
75,859
33,930
RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 24 -
8
Interest payable and similar expenses
2024
2023
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
19,754
24,983
Other finance costs:
Interest on finance leases and hire purchase contracts
38,528
29,520
Other interest
-
456
Total finance costs
58,282
54,959
9
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
551,943
248,856
Adjustments in respect of prior periods
-
0
(63,940)
Total current tax
551,943
184,916
Deferred tax
Origination and reversal of timing differences
138,501
217,307
Total tax charge
690,444
402,223
RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
9
Taxation
(Continued)
- 25 -

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
2,639,646
1,626,199
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 23.52%)
659,912
382,482
Tax effect of expenses that are not deductible in determining taxable profit
7,676
6,893
Tax effect of utilisation of tax losses not previously recognised
(169)
-
0
Unutilised tax losses carried forward
-
0
101,517
Effect of change in corporation tax rate
(331)
-
Amortisation on assets not qualifying for tax allowances
23,320
-
0
Under/(over) provided in prior years
-
0
(63,940)
Dividend income
-
(79,368)
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
690,444
402,223
10
Dividends
2024
2023
Recognised as distributions to equity holders:
£
£
Interim paid
301,266
387,440
11
Intangible fixed assets
Group
Goodwill
Goodwill
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
466,396
13,400
479,796
Amortisation and impairment
At 1 January 2024
93,279
13,400
106,679
Amortisation charged for the year
93,279
-
0
93,279
At 31 December 2024
186,558
13,400
199,958
RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11
Intangible fixed assets
(Continued)
- 26 -
Carrying amount
At 31 December 2024
279,838
-
0
279,838
At 31 December 2023
373,117
-
0
373,117
Company
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
13,400
Amortisation and impairment
At 1 January 2024 and 31 December 2024
13,400
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
12
Tangible fixed assets
Group
Leasehold land and buildings
Plant and machinery
Fixtures, fittings and 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 company had no tangible fixed assets at 31 December 2024 or 31 December 2023.
RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12
Tangible fixed assets
(Continued)
- 27 -

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
Fixed asset investments
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Investments in subsidiaries
14
-
0
-
0
2,740,000
2,740,000
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2024 and 31 December 2024
2,740,000
Carrying amount
At 31 December 2024
2,740,000
At 31 December 2023
2,740,000
14
Subsidiaries

Details of the company's subsidiaries at 31 December 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Eclipse Presentations Limited
UK
Ordinary
100.00
15
Stocks
Group
Company
2024
2023
2024
2023
£
£
£
£
Stocks
24,409
19,259
-
0
-
0
RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 28 -
16
Debtors
Group
Company
2024
2023
2024
2023
Amounts falling due within one year:
£
£
£
£
Trade debtors
2,218,952
1,946,280
-
0
-
0
Corporation tax recoverable
-
0
63,940
-
0
-
0
Other debtors
278,773
5,794
270,000
-
0
Prepayments and accrued income
234,885
251,753
-
0
-
0
2,732,610
2,267,767
270,000
-
17
Creditors: amounts falling due within one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Bank loans
19
104,000
104,000
-
0
-
0
Obligations under finance leases
20
262,525
238,216
-
0
-
0
Trade creditors
1,857,210
1,396,782
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
-
0
2,244,517
Corporation tax payable
451,942
248,856
877
-
0
Other taxation and social security
640,603
619,496
-
-
Other creditors
72,751
53,643
-
0
-
0
Accruals and deferred income
1,141,511
864,973
2,500
2,784
4,530,542
3,525,966
3,377
2,247,301
18
Creditors: amounts falling due after more than one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Bank loans and overdrafts
19
104,000
208,000
-
0
-
0
Obligations under finance leases
20
175,700
450,674
-
0
-
0
279,700
658,674
-
-
19
Loans and overdrafts
Group
Company
2024
2023
2024
2023
£
£
£
£
Bank loans
208,000
312,000
-
0
-
0
Payable within one year
104,000
104,000
-
0
-
0
Payable after one year
104,000
208,000
-
0
-
0
RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19
Loans and overdrafts
(Continued)
- 29 -

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

20
Finance lease obligations
Group
Company
2024
2023
2024
2023
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
262,525
238,216
-
0
-
0
In two to five years
175,700
450,674
-
0
-
0
438,225
688,890
-
-

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

21
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2024
2023
Group
£
£
Accelerated capital allowances
484,509
346,008
The company has no deferred tax assets or liabilities.
Group
Company
2024
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
-
22
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
243,313
260,310
RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
22
Retirement benefit schemes
(Continued)
- 30 -

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

23
Share-based payment transactions

The group operates an Approved Share Option Scheme under which eligible key personnel who are vital to the operations of the group, may be granted options to acquire shares in the group. The options granted will be for unissued Ordinary B shares with an exercise price equalling the nominal value of the shares, which are only exercisable on an exit event. There is no maximum term allocated to the share options and the method of settlement on such event would either be in cash or equity. These shares are not entitled to dividends until the shares are exercised. Both share schemes have the same arrangements.

The weighted average exercise price is £9.93.

Group and company
Number of share options
Weighted average exercise price
2024
2023
2024
2023
Number
Number
£
£
Outstanding at 1 January 2024
9,000
10,000
9.93
9.93
Granted
1,100
-
9.93
-
Exercised
-
(1,000)
-
9.93
Outstanding at 31 December 2024
10,100
9,000
-
-
Exercisable at 31 December 2024
-
-
-
-
24
Share capital
Group and company
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
82,082
82,082
821
821
Ordinary A shares of 1p each
17,017
17,017
170
170
Ordinary B shares of 1p each
2,001
2,001
20
20
101,100
101,100
1,011
1,011

 

RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 31 -
25
Operating lease commitments
Lessee

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

Group
Company
2024
2023
2024
2023
£
£
£
£
Within one year
203,878
203,878
-
-
Between two and five years
139,262
343,140
-
-
343,140
547,018
-
-
26
Controlling party

The ultimate controlling party throughout the year was R Purslow by virtue of his shareholding.

27
Cash generated from group operations
2024
2023
£
£
Profit for the year after tax
1,949,202
1,223,976
Adjustments for:
Taxation charged
690,444
402,223
Finance costs
58,282
54,959
Investment income
(75,859)
(33,930)
Gain on disposal of tangible fixed assets
(5,417)
(20,572)
Amortisation and impairment of intangible assets
93,279
106,679
Depreciation and impairment of tangible fixed assets
565,272
1,845,544
Movements in working capital:
Increase in stocks
(5,150)
(19,259)
Increase in debtors
(253,185)
(2,203,827)
Increase in creditors
777,181
2,934,894
Cash generated from operations
3,794,049
4,290,687
RPG LIVE LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 32 -
28
Cash generated from operations - company
2024
2023
£
£
Profit for the year after tax
2,702,841
336,548
Adjustments for:
Taxation charged
877
-
0
Finance costs
-
0
456
Investment income
(308,917)
(350,772)
Movements in working capital:
(Decrease)/increase in creditors
(2,244,801)
423,363
Cash generated from operations
150,000
409,595
29
Analysis of changes in net funds - group
1 January 2024
Cash flows
31 December 2024
£
£
£
Cash at bank and in hand
4,676,897
1,475,243
6,152,140
Borrowings excluding overdrafts
(312,000)
104,000
(208,000)
Obligations under finance leases
(688,890)
250,665
(438,225)
3,676,007
1,829,908
5,505,915
30
Analysis of changes in net funds - company
1 January 2024
Cash flows
31 December 2024
£
£
£
Cash at bank and in hand
573,337
(112,349)
460,988
2024-12-312024-01-01falsefalseCCH SoftwareCCH Accounts Production 2025.100Mr R PurslowMrs C Purslowfalse10172124bus:Consolidated2024-01-012024-12-31101721242024-01-012024-12-3110172124bus:Director12024-01-012024-12-3110172124bus:CompanySecretary12024-01-012024-12-3110172124bus:RegisteredOffice2024-01-012024-12-31101721242024-12-3110172124bus:Consolidated2023-01-012023-12-3110172124core:Exceptionalbus:Consolidated12024-01-012024-12-3110172124core:Exceptionalbus:Consolidated12023-01-012023-12-3110172124core:Exceptionalbus:Consolidated22024-01-012024-12-3110172124core:Exceptionalbus:Consolidated22023-01-012023-12-31101721242023-01-012023-12-3110172124bus:Consolidated2024-12-3110172124core:Goodwillbus:Consolidated2024-12-3110172124core:Goodwillbus:Consolidated2023-12-3110172124core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwillbus:Consolidated2024-12-3110172124core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwillbus:Consolidated2023-12-3110172124bus:Consolidated2023-12-3110172124core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-12-3110172124core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-12-3110172124core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2024-12-3110172124core:PlantMachinerybus:Consolidated2024-12-3110172124core:FurnitureFittingsbus:Consolidated2024-12-3110172124core:MotorVehiclesbus:Consolidated2024-12-3110172124core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2023-12-3110172124core:PlantMachinerybus:Consolidated2023-12-3110172124core:FurnitureFittingsbus:Consolidated2023-12-3110172124core:MotorVehiclesbus:Consolidated2023-12-31101721242023-12-3110172124core:ShareCapitalbus:Consolidated2024-12-3110172124core:ShareCapitalbus:Consolidated2023-12-3110172124core:SharePremiumbus:Consolidated2024-12-3110172124core:SharePremiumbus:Consolidated2023-12-3110172124core:RetainedEarningsAccumulatedLossesbus:Consolidated2023-12-3110172124core:ShareCapital2024-12-3110172124core:ShareCapital2023-12-3110172124core:SharePremium2024-12-3110172124core:SharePremium2023-12-3110172124core:RetainedEarningsAccumulatedLosses2024-12-3110172124core:RetainedEarningsAccumulatedLosses2023-12-3110172124core:ShareCapitalbus:Consolidated2022-12-3110172124core:SharePremiumbus:Consolidated2022-12-3110172124core:RetainedEarningsAccumulatedLossesbus:Consolidated2022-12-3110172124core:RetainedEarningsAccumulatedLossesbus:Consolidated2024-12-3110172124core:ShareCapitalbus:Consolidated2023-01-012023-12-3110172124core:SharePremiumbus:Consolidated2023-01-012023-12-3110172124bus:Consolidated2022-12-3110172124core:Goodwill2024-01-012024-12-3110172124core:LandBuildingscore:LongLeaseholdAssets2024-01-012024-12-3110172124core:PlantMachinery2024-01-012024-12-3110172124core:FurnitureFittings2024-01-012024-12-3110172124core:MotorVehicles2024-01-012024-12-3110172124core:UKTaxbus:Consolidated2024-01-012024-12-3110172124core:UKTaxbus:Consolidated2023-01-012023-12-3110172124bus:Consolidated12024-01-012024-12-3110172124bus:Consolidated12023-01-012023-12-3110172124bus:Consolidated22024-01-012024-12-3110172124bus:Consolidated22023-01-012023-12-3110172124bus:Consolidated32024-01-012024-12-3110172124bus:Consolidated32023-01-012023-12-3110172124bus:Consolidated42024-01-012024-12-3110172124bus:Consolidated42023-01-012023-12-3110172124bus:Consolidated52024-01-012024-12-3110172124bus:Consolidated52023-01-012023-12-3110172124bus:Consolidated62024-01-012024-12-3110172124bus:Consolidated62023-01-012023-12-3110172124core:Goodwillbus:Consolidated2023-12-3110172124core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwillbus:Consolidated2023-12-3110172124bus:Consolidated2023-12-3110172124core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-12-3110172124core:Goodwillbus:Consolidated2024-01-012024-12-3110172124core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwillbus:Consolidated2024-01-012024-12-3110172124core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2023-12-3110172124core:PlantMachinerybus:Consolidated2023-12-3110172124core:FurnitureFittingsbus:Consolidated2023-12-3110172124core:MotorVehiclesbus:Consolidated2023-12-3110172124core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2024-01-012024-12-3110172124core:PlantMachinerybus:Consolidated2024-01-012024-12-3110172124core:FurnitureFittingsbus:Consolidated2024-01-012024-12-3110172124core:MotorVehiclesbus:Consolidated2024-01-012024-12-3110172124core:Subsidiary12024-01-012024-12-3110172124core:Subsidiary112024-01-012024-12-3110172124core:CurrentFinancialInstruments2024-12-3110172124core:CurrentFinancialInstruments2023-12-3110172124core:CurrentFinancialInstrumentsbus:Consolidated2024-12-3110172124core:CurrentFinancialInstrumentsbus:Consolidated2023-12-3110172124core:WithinOneYearbus:Consolidated2024-12-3110172124core:WithinOneYearbus:Consolidated2023-12-3110172124core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3110172124core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3110172124core:Non-currentFinancialInstrumentscore:AfterOneYearbus:Consolidated2024-12-3110172124core:Non-currentFinancialInstrumentscore:AfterOneYearbus:Consolidated2023-12-3110172124core:Non-currentFinancialInstrumentscore:AfterOneYear2024-12-3110172124core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3110172124core:Non-currentFinancialInstrumentsbus:Consolidated2024-12-3110172124core:Non-currentFinancialInstrumentsbus:Consolidated2023-12-3110172124core:Non-currentFinancialInstruments2024-12-3110172124core:Non-currentFinancialInstruments2023-12-3110172124core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2024-12-3110172124core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2023-12-3110172124core:WithinOneYear2024-12-3110172124core:WithinOneYear2023-12-3110172124core:BetweenTwoFiveYearsbus:Consolidated2024-12-3110172124core:BetweenTwoFiveYearsbus:Consolidated2023-12-3110172124core:BetweenTwoFiveYears2024-12-3110172124core:BetweenTwoFiveYears2023-12-3110172124bus:PrivateLimitedCompanyLtd2024-01-012024-12-3110172124bus:FRS1022024-01-012024-12-3110172124bus:Audited2024-01-012024-12-3110172124bus:ConsolidatedGroupCompanyAccounts2024-01-012024-12-3110172124bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP