ABC Exhibitions Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

ABC Exhibitions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06857421 . The registered office is Mercury House Unit 2, Sutherland Road,Longton, Stoke-On-Trent, Staffordshire, ST3 1JB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website costs. It is amortised to profit and loss account over its estimated economic life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	4% Straight line
Plant & Machinery	25% Reducing balance/20% straight line
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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ABC Exhibitions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	3	3
Manufacturing	10	10

	13	13

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	6,265

As at 31 March 2025	6,265

Amortisation
As at 1 April 2024	3,760
Provided during the period	626

As at 31 March 2025	4,386

Net Book Value
As at 31 March 2025	1,879

As at 1 April 2024	2,505

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ABC Exhibitions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	401,203	132,599	136,676	51,513	721,991
Additions	-	13,104	4,510	1,971	19,585
Disposals	-	-	(9,731 )	-	(9,731 )

As at 31 March 2025	401,203	145,703	131,455	53,484	731,845

Depreciation
As at 1 April 2024	128,385	77,646	39,242	25,779	271,052
Provided during the period	16,048	17,236	24,908	6,926	65,118
Disposals	-	-	(7,421 )	-	(7,421 )

As at 31 March 2025	144,433	94,882	56,729	32,705	328,749

Net Book Value
As at 31 March 2025	256,770	50,821	74,726	20,779	403,096

As at 1 April 2024	272,818	54,953	97,434	25,734	450,939

6. Stocks

	2025	2024
	£	£
Materials	81,538	70,797
Work in progress	15,348	15,688

	96,886	86,485

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	32,044	55,824
Prepayments and accrued income	45,822	38,697
Other debtors	62,500	68,376
Directors' loan accounts	17,551	36,317

	157,917	199,214

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ABC Exhibitions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	20,711	45,014
Trade creditors	114,716	91,597
Bank loans and overdrafts	28,774	38,922
Corporation tax	26,441	37,063
Other taxes and social security	7,224	8,247
VAT	34,865	12,123
Net wages	-	5,173
Other creditors	2,306	4,789
Accruals and deferred income	117,321	94,879

	352,358	337,807

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	58,744	81,382
Bank loans	204,295	236,450

	263,039	317,832

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	68,121		90,828

10. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

Net obligations under finance lease and hire purchase contracts are secured on the assets concerned.

Bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	79,455	126,396
Bank loans and overdrafts	204,365	230,847

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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ABC Exhibitions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	59,378	34,105
Later than one year and not later than five years	94,446	89,681
Later than five years	-	12,515

	153,824	136,301

13. Directors Advances, Credits and Guarantees

Included within debtors is a directors loan of £17,551 (2024: £36,317).

The above loans are unsecured, subject to interest at a rate of 2.25% and repayable on demand.

Dividends paid to directors in the year were £60,000 (2024: £60,000)

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,879		2,505
Tangible Assets	5		403,096		450,939

			404,975		453,444
CURRENT ASSETS
Stocks	6	96,886		86,485
Debtors	7	157,917		199,214
Cash at bank and in hand		11,846		4,179

		266,649		289,878
Creditors: Amounts Falling Due Within One Year	8	(352,358 )		(337,807 )

NET CURRENT ASSETS (LIABILITIES)			(85,709 )		(47,929 )

TOTAL ASSETS LESS CURRENT LIABILITIES			319,266		405,515

Creditors: Amounts Falling Due After More Than One Year	9		(263,039 )		(317,832 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(29,804 )		(28,172 )

NET ASSETS			26,423		59,511

CAPITAL AND RESERVES
Called up share capital	11		2		2
Profit and Loss Account			26,421		59,509

SHAREHOLDERS' FUNDS			26,423		59,511

Mrs Kirsty Woolliscroft Director	Mr Andrew Woolliscroft Director
23 September 2025