REGISTERED NUMBER: 10533866 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EPS EVENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr AD Sinclair

Mr S Tobie

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

Leicestershire

LE1 7RU

REGISTERED NUMBER:

10533866 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr AR Turner FCA FMAAT

AUDITORS:

Mark J Rees LLP Chartered Accountants

Granville Hall

Granville Road

Leicester

Leicestershire

LE1 7RU

BANKERS:

National Westminster Bank Plc

5 Market Place

Chesterfield

S40 1TW

FIXED ASSETS

Tangible assets

4

395,829

226,960

CURRENT ASSETS

Stocks

5

40,087

45,545

Debtors

6

570,560

683,372

Cash at bank and in hand

232,497

396,552

843,144

1,125,469

CREDITORS

Amounts falling due within one year

7

2,950,950

3,107,570

NET CURRENT LIABILITIES

(2,107,806

)

(1,982,101

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,711,977

)

(1,755,141

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1,711,978

)

(1,755,142

)

SHAREHOLDERS' FUNDS

(1,711,977

)

(1,755,141

)

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 18 March 2025 and were signed on its behalf by:

Mr AD Sinclair - Director

1.	STATUTORY INFORMATION

EPS Event 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.

Preparation of consolidated financial statements

The financial statements contain information about EPS Event Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Going concern

The company made a profit during the year ended 31 December 2024 of £43.164 (2023 loss £10,903) and had current liabilities of £1,711,977(2023:£1,755,141) at that date.

The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved, the anticipated cash flows, availability of support from the company's ultimate parent undertaking and other mitigating actions that can be taken during the period.

Should the company be unable to continue to trade, adjustments would have to be made to reduce the assets to their recoverable amount, to provide for any further liabilities which may arise, and to reclassify fixed assets as current.

Turnover

Revenue comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts.

Turnover is recognised in the period in which the goods and services are provided.

Income and deposits received relating to projects to be completed after the year end are included as deferred income.

Tangible fixed assets

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

Leasehold improvements

-

over 10 years

Hire assets

-

at varying rates on cost

Plant and machinery

-

33% on cost, 20% on cost and 20% on reducing balance

Fixtures and fittings

-

various rates on cost & reducing balance

Motor vehicles

-

various rates on cost & reducing balance

Computer equipment

-

33% on cost

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 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 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 foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Hire

Plant and

improvements

assets

machinery

£

£

£

COST

At 1 January 2024

53,815

166,028

58,108

Additions

10,283

98,910

1,941

At 31 December 2024

64,098

264,938

60,049

DEPRECIATION

At 1 January 2024

6,999

67,198

45,218

Charge for year

6,798

39,929

3,772

At 31 December 2024

13,797

107,127

48,990

NET BOOK VALUE

At 31 December 2024

50,301

157,811

11,059

At 31 December 2023

46,816

98,830

12,890

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

63,702

73,820

9,532

425,005

Additions

14,212

133,104

3,895

262,345

At 31 December 2024

77,914

206,924

13,427

687,350

DEPRECIATION

At 1 January 2024

13,461

58,402

6,767

198,045

Charge for year

12,332

28,006

2,639

93,476

At 31 December 2024

25,793

86,408

9,406

291,521

NET BOOK VALUE

At 31 December 2024

52,121

120,516

4,021

395,829

At 31 December 2023

50,241

15,418

2,765

226,960

5.

STOCKS

2024

2023

£

£

Stocks

40,087

45,545

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

207,420

285,435

Amounts owed by group undertakings

4,751

22,352

Other debtors

358,389

375,585

570,560

683,372

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

19,744

15,766

Amounts owed to group undertakings

2,835,020

2,941,784

Taxation and social security

65,335

32,813

Other creditors

30,851

117,207

2,950,950

3,107,570

8.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

110,000

188,750

Between one and five years

440,000

520,288

In more than five years

228,668

338,668

778,668

1,047,706

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

The Report of the Auditors was unqualified.

Mr AR Turner FCA FMAAT (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr AD Sinclair

Balance outstanding at start of year

146

-

Amounts advanced

162

146

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

308

146

No interest was charged on the above balance.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is EPS Holding GmbH of Talangerstr. 5, 82152 Krailling, Germany.

12.	PENSION COMMITMENTS

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company within independently administered funds. The total contributions paid in the year amounted to £16,644 (2023 - £8,595). Contributions of £Nil (2023 - £2,450) were unpaid at the year end.