REGISTERED NUMBER: 08821504 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Graphic Evolution (Harrogate) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A Brennan

R E Davies

REGISTERED OFFICE:

Clare House

5a Clare Road

Halifax

HX1 2HX

REGISTERED NUMBER:

08821504 (England and Wales)

SENIOR STATUTORY AUDITOR:

Phillipa Symington ACA, CA(SA)

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Tangible assets

4

72,285

97,521

CURRENT ASSETS

Stocks

5

8,304

9,708

Debtors

6

3,271,149

4,435,634

Cash at bank

50,000

613

3,329,453

4,445,955

CREDITORS

Amounts falling due within one year

7

(2,787,999

)

(4,541,938

)

NET CURRENT ASSETS/(LIABILITIES)

541,454

(95,983

)

TOTAL ASSETS LESS CURRENT LIABILITIES

613,739

1,538

PROVISIONS FOR LIABILITIES

8

-

(1,438

)

NET ASSETS

613,739

100

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

613,639

-

SHAREHOLDERS' FUNDS

613,739

100

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 26 September 2025 and were signed on its behalf by:

M A Brennan - Director

1.	STATUTORY INFORMATION

Graphic Evolution (Harrogate) 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade for a period of at least 12 months from the date the financial statements are approved. However the validity of the going concern basis is dependent upon the support of the group. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition

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

Revenue is recognised when the company satisfies its performance obligations under customer contracts:

Manufacturing and Installation

Revenue is recognised at the point of delivery and installation of advertising structures, when control passes to the customer.

Advertising Services

Revenue is recognised monthly over the period the advertising is displayed.

Concession Arrangements

Where the company operates under a revenue-sharing agreement with local councils, revenue is recognised gross. The council’s share is accrued as a liability based on contractual terms.

Deferred Income

Income received in advance of service delivery is deferred and recognised when the service is performed.

Tangible fixed assets

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

Motor vehicles

-

33% on cost

Computer equipment

-

50% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks

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

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

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 20 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

104,435

39,200

143,635

Additions

26,600

2,895

29,495

Disposals

(5,833

)

-

(5,833

)

At 31 December 2024

125,202

42,095

167,297

DEPRECIATION

At 1 January 2024

27,739

18,375

46,114

Charge for year

34,327

20,404

54,731

Eliminated on disposal

(5,833

)

-

(5,833

)

At 31 December 2024

56,233

38,779

95,012

NET BOOK VALUE

At 31 December 2024

68,969

3,316

72,285

At 31 December 2023

76,696

20,825

97,521

5.

STOCKS

2024

2023

£

£

Stocks

8,304

9,708

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

3,182,728

4,350,511

Other debtors

-

333

VAT

59,733

73,566

Deferred tax asset

866

-

Prepayments and accrued income

27,822

11,224

3,271,149

4,435,634

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

60,111

42,390

Amounts owed to group undertakings

2,526,525

4,473,854

Taxation and social security

185,026

12,472

Other creditors

7,581

1,222

Accruals

8,756

12,000

2,787,999

4,541,938

8.	PROVISIONS FOR LIABILITIES

2023

£

Deferred tax

1,438

Deferred

tax

£

Balance at 1 January 2024

1,438

Provided during year

(2,304

)

Balance at 31 December 2024

(866

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

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

The Report of the Auditors was unqualified.

Phillipa Symington ACA, CA(SA) (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

11.	ULTIMATE PARENT COMPANY

The ultimate parent company is Outdo Holdings Limited (previously Community Partners Holdings Limited), a private company, limited by shares, registered in England and Wales. The company's registered office is 5a Clare Road, Halifax, England, HX1 2HX.

The parent undertaking is Outdo Airports Limited (previously Eye Airports Limited), a limited company, registered in England and Wales. The company's registered office is Clare House, 5a Clare Road, Halifax, HX1 2HX.

12.	COMPARATIVES

This is the first year that the company has been audited. In the prior year the company took advantage of the audit exemption available to small companies, therefore the comparatives in these financial statements for the year ended 31 December 2023 are unaudited. However, we have obtained sufficient appropriate audit evidence that the opening balances do not contain misstatements that materially affect the current period's financial statements.