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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2024
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
COMPANY INFORMATION
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
CONTENTS
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their annual report for Y.E.S. (Your Event Solutions) Limited for the year ended 31 December 2024.
The principal activity of the Group during the year was that of organising corporate events and hospitality.
Our Mission: To empower our network of travel advisors with the most exceptional programs, products, and support to deliver unparalleled experiences to the traveller our clients. Our Vision: To be recognised as the undisputed leader in passionately delivering the power of our travel advisors’ human touch and expertise to clients and consumers everywhere. Our Values Clients First We exist to deliver the power of our travel advisors and agencies to the world. Their success is our success and, as a result, they are first in everything we do. We, Not Me Collaboration, teamwork and relationships are tenets of our success. The collective power of our employees, clients, advisors, agencies, and suppliers is what moves us forward. Human Always We are a human first business. We believe in the power and competitive advantage created through the innate traits of being human. Trust, integrity, experience, empathy and building relationships are at the very core of how we operate. Act As Owners We are all leaders fully vested in the success of our organisation. We are empowered decision makers that take pride in doing the right thing always. Go The Extra Mile We always go the extra mile to make things exceptional. Good is the enemy of great. Complacency is the enemy of innovation. Just like our advisors go the extra mile for their clients; we go the distance for our advisors and each other. Everybody Belongs We believe in the power that comes from a diverse team of respectful professionals that is inclusive of all people and thought.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Group continues to witness a solid recvoery in consumer confidence that has led to an increase in its revenues.
Overall, the Directors are happy with the Group's performance. Funding, liquidity and going concern As of 31 December 2024, the Group had net assets of £12,572,416 (2023: £12,036,258) and net current assets of £12,567,167 (2023: £12,031,641). Employee involvement and communication We continue to engage colleagues with great ideas and endeavour to involve our people with matters affecting them. We collate feedback through employee opinion surveys. This forms an important strategic tool across the UK Group, as they provide honest feedback that can drive business improvements. We are proud to highlight Internova's unwavering dedication and investment in the well-being and growth of our employees. As a Group, we proritize creating a supportive and rewarding work environment that nurtures their professional development and personal success. We are commited to fostering a culture of transparency, respect, and continuous leaning. We believe in providing opportunities for skill enhancement, career advancement, and work-life balance to ensure that each team member feels valued and motivated. Through initiatives such as professional development programs, mentorship opportunities, flexible work arrangements, and employee well-being initiatives, we strive to empower our employees to reach their full potential. We understand that their growth and satisfaction are essential to our collective success. As we navigate challenges and celebrate triumphs together, our employee's well-being and growth are at the forefront of our priorities. We promote two-way communication through proactive employee forums, team meetings, and Group Townhalls to discuss important matters. Disabled employees The policy of the Group is to give full and fair consideration to applications for employment from disabled persons having regard to their aptitudes and abilities. Whenever possible, the Group continued to employ those employees who have become disabled. The Group plans for the training and career development of all disabled employees.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Consumer demand
Potential impact: A reduction in profitability levels. Mitigation: Customer feedback is obtained to ensure our product is continually evolving to meet the market demand. Our pricing policy is reviewed regularly to ensure it remains competitive. Sales progress is regularly reviewed, and marketing strategy adjusted accordingly. Competitive risks Potential impact: The risk that a new entrant or an existing company may take business away. Mitigation: The directors believe that they "have their fingers on the pulse" and thereby will take the necessary steps. Business closure due to any health emergency Potential impact: Business closure resulting in loss of revenue and profit. Mitigation: Continued control over the Group’s cost and agility to implement whatever measures required to ensure the Group can withstand any storms coming its way. This and the additional comfort given by its immediate and ultimate parent. Key supplier management Potential impact: The risk of losing its major suppliers. Mitigation: The Group ensures that all the reports are reconciled, and payments are made in a timely manner. It also makes sure that all the correct procedures are adhered to. Operating costs may not be controlled Potential impact: A reduction in profits might occur. Mitigation: All cost variances are reviewed in a timely manner and any remedial action taken immediately. Business continuity and IT Systems Potential impact: The risk of failure of the Group's IT systems and processes. Mitigation: The Group is highly dependent on its IT systems to record and process vast volumes of bookings, financial information and other data. The directors have a policy of constantly updating its software and hardware to ensure that the systems are operating efficiently and can cope with the ongoing demands. The systems are regularly backed up to ensure that the Group can continue to function without interruption. Liquidity Risk Potential impact: The risk of shortage of working capital. Mitigation: The directors keep a keen eye on the working capital requirements of the Group and take appropriate action to ensure that the Group always has adequate working capital. The Group has adequate finance in place to cover its short to medium term operations. Credit risk Potential impact: Profitability may reduce due to non-payment by our clients. Mitigation: The Group continues to have tight credit control management in place. Credit continues to be phased out as much as possible with clients being encouraged to move to direct debit settlement.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Lack of sustainability improvements
Potential impact: The risk that we are not successful in driving social and environmental improvements across our operations, that our suppliers do not uphold our corporate and social responsibility standards. Failure to influence our clientele and suppliers to manage their corporate events more sustainably. Mitigation: For the Group, economic, environmental, and social sustainability is a fundamental management principle and a cornerstone of our strategy for continually enhancing the value of our Group. By doing this, we create the conditions for long-term economic success and assume responsibility for sustainable transformation in the corporate events industry. Our focus is to reduce the environmental impact of our operations and promote responsible social policies and outcomes, both, directly through our own business and indirectly via our influence over our supply chain partners, thereby driving sustainable transformation of the corporate events industry.
This report was approved by the board on 22 September 2025 and signed on its behalf.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
The profit for the year, after taxation, amounted to £533,150 (2023 - £1,171,098).
Dividends amounting to £Nil (2023: £Nil) were paid to the directors for the year.
The directors who served during the year were:
The Group considers applications for employment from candidates with a disability where the candidate’s particular aptitudes and abilities are consistent with adequately meeting the requirements of the role. Opportunities are available for employees with a disability for training, career development and promotion. Where existing employees become disabled, it is the group’s policy to provide continuing employment wherever practicable in the same or an alternative position to provide appropriate training to achieve this aim.
Directors Indemnities The Group maintained throughout the year and at the date of approval of the financial statements, liability insurance for its directors and officers. This is a qualifying provision for the purposes of the Companies Act 2006. Environmental policy The Group is committed to responsible energy management and will practice energy efficiency through our organisation where possible. We recognise that climate change is one of the most serious environmental challenges currently threatening the global community and we understand we have a role to play in reducing greenhouse gas emissions.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
There have been no significant events affecting the Group since the year end.
The auditors, Xeinadin Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Group's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Group's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements and other information included in Directors' Reports may differ from legislation in other jurisdictions.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
We have audited the financial statements of Y.E.S. (Your Event Solutions) Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2024, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of 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).
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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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.
In auditing the financial statements, we have concluded that the directors' 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 or the 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 directors with respect to going concern are described in the relevant sections of this report.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED (CONTINUED)
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 Auditors' 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 Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙Enquiry of management and those charged with governance around actual and potential litigation and claims;
∙Reviewing minutes of meetings of those charged with governance;
∙Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;
∙Enquiry of management and those charged with governance to identify any instances of non-compliance with laws and regulations.
The potential effect of these laws and regulations on the financial statements varies considerably. Firstly, the Group is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Secondly, the Group is subject to many other laws and regulations where the consequence of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance the imposition of fines or litigation or the loss of the entities license to operate. We identified the following areas as those most likely to have such an effect: health and safety including data protection laws and employment law compliance, recognising the nature of the Group's activities. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach..
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED (CONTINUED)
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' 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 Auditors' 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.
for and on behalf of
Chartered Accountants & Statutory Auditor
8th Floor
Becket House
36 Old Jewry
EC2R 8DD
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
REGISTERED NUMBER: 04368522
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 September 2025.
The notes on pages 20 to 34 form part of these financial statements.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
REGISTERED NUMBER: 04368522
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 20 to 34 form part of these financial statements.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The company is a private company limited by shares, registered in England and Wales. The address of the registered office and principal place of business is Solutions House, Halifax Road, Hipperholme, Halifax, HX3 8ER.
The nature of the company's operations and principal activities are recorded in the Strategic Report and the Directors Report.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
Your Event Solutions Limited, as an individual entity, meets the definition of a qualifying entity per FRS 102 and has taken advantage of the exemption available in paragraph 1.12 of FRS 102 from presenting a company only statement of cash flows. These consolidated financial statements include a consolidated statement of cash flows which include the cash flows of Your Event Solutions Limited.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Basic 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 the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the statement of comprehensive income in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods. There are no critical accounting judgements made in applying the company's accounting policies.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of turnover by country of destination:
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 26
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 27
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11.Taxation (continued)
There were no factors that may affect future tax charges.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 29
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12.Tangible fixed assets (continued)
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 31
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 32
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Foreign exchange reserve
Profit and loss account
The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pensions cost charge represents contributions payable by the Group to the fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £31,098 (2023: £24,334).
During the year the company entered into the following transactions with related parties:
Rent of premises owned by a pension scheme created for the benefit of key management personnel of £ The company has taken advantage of the exemption available under FRS 102 'Related Party Transactions' from disclosing related party transactions with other entities that are wholly owned.
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Y.E.S. (YOUR EVENT SOLUTIONS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Internova Travel Group LLC (Incorporated in the USA) is regarded by the directors as being the company's ultimate parent company.
The company is a 100% subsidiary of Protravel International LLC, incorporated in the USA. Protravel International LLC is a 100% subsidiary of Tzell Holdings LLC, which is a 100% subsidiary of Internova Travel Group LLC. The company is included in the consolidated accounts of Internova Travel Group LLC.
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