REGISTERED NUMBER: 04590739 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CFS EVENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C F Phillips

Mr J A Phillips

Mrs R L M Bull

Mrs D Colagiovanni

SECRETARY:

Mr J A Phillips

REGISTERED OFFICE:

Unit E Mindenhall Court

17 High Street

Stevenage

Herts

SG1 3UN

REGISTERED NUMBER:

04590739 (England and Wales)

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Tangible assets

5

906,296

911,238

CURRENT ASSETS

Debtors

6

342,442

476,529

Cash at bank and in hand

109,298

474,034

451,740

950,563

CREDITORS

Amounts falling due within one year

7

328,516

753,542

NET CURRENT ASSETS

123,224

197,021

TOTAL ASSETS LESS CURRENT LIABILITIES

1,029,520

1,108,259

CREDITORS

Amounts falling due after more than one year

8

(445,175

)

(478,660

)

PROVISIONS FOR LIABILITIES

(3,707

)

(3,138

)

NET ASSETS

580,638

626,461

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

580,538

626,361

SHAREHOLDERS' FUNDS

580,638

626,461

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:

Mrs R L M Bull - Director

1.	STATUTORY INFORMATION

CFS Events Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services exclusive of value added tax.

Turnover does not include the disbursed costs the company recharges on to its' customers.

Tangible fixed assets

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

Freehold property

- Not depreciated

Improvement to property

- 25% reducing balance

Plant and machinery

- 25% reducing balance

Fixtures and fittings

- 25% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts

Long term contracts are recongnised in accordance with FRS 102 in that revenue is recognised by reference to the stage of completion of each transaction at the end of the reporting period.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 19 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

and 31 December 2024

891,469

14,443

8,846

DEPRECIATION

At 1 January 2024

-

7,827

8,784

Charge for year

-

1,654

16

At 31 December 2024

-

9,481

8,800

NET BOOK VALUE

At 31 December 2024

891,469

4,962

46

At 31 December 2023

891,469

6,616

62

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

35,357

1,838

951,953

DEPRECIATION

At 1 January 2024

23,759

345

40,715

Charge for year

2,899

373

4,942

At 31 December 2024

26,658

718

45,657

NET BOOK VALUE

At 31 December 2024

8,699

1,120

906,296

At 31 December 2023

11,598

1,493

911,238

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

138,381

244,801

Other debtors

44,197

44,037

Prepayments and accrued income

159,864

187,691

342,442

476,529

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

50,100

50,100

Trade creditors

32,772

19,222

Tax

3,053

4,842

Social security and other taxes

27,960

11,291

Pension liability

4,832

3,058

VAT

15,580

93,401

Other creditors

3,234

1,633

Directors' current accounts

84

84

Accruals and deferred income

190,901

569,911

328,516

753,542

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

51,200

51,200

Bank loans - 2-5 years

97,833

117,833

Bank loans more 5 yr by instal

296,142

309,627

445,175

478,660

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

296,142

309,627

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

-

5,256

Between one and five years

-

10,512

-

15,768

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

495,275

528,760