REGISTERED NUMBER: 03379700 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

CTN Exhibitions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Cloet

O Langlois

SECRETARY:

P R Slack

REGISTERED OFFICE:

Unit G3A

Halesfield 19

Telford

Shropshire

TF7 4QT

REGISTERED NUMBER:

03379700 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr A J Poole

AUDITORS:

Tranter Lowe (Oakengates) Limited

Statutory Auditor

International House

6 Market Street

Oakengates

Telford

Shropshire

TF2 6EF

FIXED ASSETS

Tangible assets

5

85,674

96,587

CURRENT ASSETS

Stocks

6

903,548

1,205,977

Debtors

7

253,163

285,664

Cash at bank and in hand

195,448

20,938

1,352,159

1,512,579

CREDITORS

Amounts falling due within one year

8

878,256

787,958

NET CURRENT ASSETS

473,903

724,621

TOTAL ASSETS LESS CURRENT LIABILITIES

559,577

821,208

PROVISIONS FOR LIABILITIES

13,071

15,156

NET ASSETS

546,506

806,052

CAPITAL AND RESERVES

Called up share capital

11

20,000

20,000

Retained earnings

526,506

786,052

SHAREHOLDERS' FUNDS

546,506

806,052

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:

J Cloet - Director

1.	STATUTORY INFORMATION

CTN Exhibitions 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The Company reported an operating loss of £174,875 during the year and has relied upon support from the Holding Company to meet its day to day working capital requirements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

at varying rates

Office equipment

-

at varying rates

Motor vehicles

-

at varying rates

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 Euro's are translated into sterling at the rate of £1.00 : €1.21 at the Balance Sheet date. Transactions in Euro's were translated into sterling at the rate of £1.00 : €1..15 during the year. 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4.	AUDITORS' REMUNERATION

31.12.24

31.12.23

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

4,327

4,107

Auditors' remuneration for non audit work

5,072

4,773

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Office

Motor

leasehold

machinery

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

29,390

48,476

64,830

75,992

218,688

Additions

-

6,997

24,242

-

31,239

Disposals

(1,141

)

(10,917

)

(4,463

)

-

(16,521

)

At 31 December 2024

28,249

44,556

84,609

75,992

233,406

DEPRECIATION

At 1 January 2024

11,162

29,593

25,085

56,261

122,101

Charge for year

4,146

5,948

23,230

8,828

42,152

Eliminated on disposal

(1,141

)

(10,917

)

(4,463

)

-

(16,521

)

At 31 December 2024

14,167

24,624

43,852

65,089

147,732

NET BOOK VALUE

At 31 December 2024

14,082

19,932

40,757

10,903

85,674

At 31 December 2023

18,228

18,883

39,745

19,731

96,587

6.

STOCKS

31.12.24

31.12.23

£

£

Stocks

903,548

1,205,977

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

152,551

189,181

Other debtors

-

20,854

Prepayments

100,612

75,629

253,163

285,664

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 9)

496

58,892

Trade creditors

542,466

578,787

Social security and other taxes

11,872

14,285

VAT

42,814

58,184

Other creditors

2,991

4,560

Amount owed to parent company

206,629

-

Accrued expenses

70,988

73,250

878,256

787,958

The bank overdraft is secured by fixed and floating charges on the assets of the Company.

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

496

58,892

10.	LEASING AGREEMENTS

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

31.12.24

31.12.23

£

£

Within one year

89,036

67,569

Between one and five years

121,673

132,291

210,709

199,860

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

20,000

Ordinary

£1

20,000

20,000

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr A J Poole (Senior Statutory Auditor)

for and on behalf of Tranter Lowe (Oakengates) Limited

13.	RELATED PARTY DISCLOSURES

14.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

15.	ULTIMATE CONTROLLING PARTY