13 13 Europa International Exhibition Services 05337805 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Furniture Hire Supplier Digita Accounts Production Advanced 6.30.9574.0 true 05337805 2024-01-01 2024-12-31 05337805 2024-12-31 05337805 2 2024-12-31 05337805 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-12-31 05337805 core:CurrentFinancialInstruments 2024-12-31 05337805 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05337805 core:Goodwill 2024-12-31 05337805 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 05337805 core:MotorVehicles 2024-12-31 05337805 core:OfficeEquipment 2024-12-31 05337805 core:PlantMachinery 2024-12-31 05337805 bus:SmallEntities 2024-01-01 2024-12-31 05337805 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05337805 bus:FilletedAccounts 2024-01-01 2024-12-31 05337805 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05337805 bus:RegisteredOffice 2024-01-01 2024-12-31 05337805 bus:Director2 2024-01-01 2024-12-31 05337805 bus:Director4 2024-01-01 2024-12-31 05337805 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05337805 core:Goodwill 2024-01-01 2024-12-31 05337805 core:ComputerEquipment 2024-01-01 2024-12-31 05337805 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05337805 core:MotorVehicles 2024-01-01 2024-12-31 05337805 core:OfficeEquipment 2024-01-01 2024-12-31 05337805 core:PlantMachinery 2024-01-01 2024-12-31 05337805 countries:England 2024-01-01 2024-12-31 05337805 2023-12-31 05337805 core:Goodwill 2023-12-31 05337805 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 05337805 core:MotorVehicles 2023-12-31 05337805 core:OfficeEquipment 2023-12-31 05337805 core:PlantMachinery 2023-12-31 05337805 2023-01-01 2023-12-31 05337805 2023-12-31 05337805 2 2023-12-31 05337805 core:CurrentFinancialInstruments 2023-12-31 05337805 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05337805 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 05337805 core:MotorVehicles 2023-12-31 05337805 core:OfficeEquipment 2023-12-31 05337805 core:PlantMachinery 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 05337805

Europa International Exhibition Services

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Europa International Exhibition Services

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Europa International Exhibition Services

(Registration number: 05337805)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

365,929

405,024

Other financial assets

6

3,407

3,238

 

369,336

408,262

Current assets

 

Debtors

7

201,940

137,896

Cash at bank and in hand

 

1,115,601

1,098,614

 

1,317,541

1,236,510

Creditors: Amounts falling due within one year

8

(1,536,575)

(1,496,604)

Net current liabilities

 

(219,034)

(260,094)

Total assets less current liabilities

 

150,302

148,168

Provisions for liabilities

(19,562)

(19,562)

Net assets

 

130,740

128,606

Capital and reserves

 

Called up share capital

1,938

1,938

Profit and loss account

128,802

126,668

Shareholders' funds

 

130,740

128,606

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 31 July 2025 and signed on its behalf by:
 

 

Europa International Exhibition Services

(Registration number: 05337805)
Statement of Financial Position as at 31 December 2024 (continued)


SRL Murphy
Director


Mrs K Butterfield
Director

 

Europa International Exhibition Services

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Europa House
Meaford Way
Oakfield Road
Penge
LONDON
SE20 8RA

Principal activity

The principal activity of the company is Furniture Hire Supplier

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

Europa International Exhibition Services

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

25% on reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

 

Europa International Exhibition Services

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the statement of financial position in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

 

Europa International Exhibition Services

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 13).

 

Europa International Exhibition Services

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2024

480,000

480,000

At 31 December 2024

480,000

480,000

Amortisation

At 1 January 2024

480,000

480,000

At 31 December 2024

480,000

480,000

Carrying amount

At 31 December 2024

-

-

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

350,000

132,910

24,262

458,684

965,856

Revaluations

(25,000)

-

-

-

(25,000)

Disposals

-

-

-

(10,692)

(10,692)

At 31 December 2024

325,000

132,910

24,262

447,992

930,164

Depreciation

At 1 January 2024

-

131,220

24,076

405,536

560,832

Charge for the year

-

423

46

13,175

13,644

Eliminated on disposal

-

-

-

(10,241)

(10,241)

At 31 December 2024

-

131,643

24,122

408,470

564,235

Carrying amount

At 31 December 2024

325,000

1,267

140

39,522

365,929

At 31 December 2023

350,000

1,690

186

53,148

405,024

Included within the net book value of land and buildings above is £325,000 (2023 - £350,000) in respect of freehold land and buildings.
 

 

Europa International Exhibition Services

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2024

3,238

3,238

Fair value adjustments

169

169

At 31 December 2024

3,407

3,407

Impairment

Carrying amount

At 31 December 2024

3,407

3,407

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

90,265

34,507

Other debtors

 

-

26,000

Prepayments

 

111,675

73,337

Income tax asset

-

4,052

 

201,940

137,896

 

Europa International Exhibition Services

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

145,836

140,889

Taxation and social security

154,873

83,105

Accruals and deferred income

1,232,945

1,268,617

Other creditors

2,921

3,993

1,536,575

1,496,604

9

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.