REGISTERED NUMBER: 04562209 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SHOWMASTERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J V Joiner

Miss A M Swinsco

SECRETARY:

Miss A M Swinsco

REGISTERED OFFICE:

Ground Floor, Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

REGISTERED NUMBER:

04562209 (England and Wales)

ACCOUNTANTS:

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Tangible assets

4

73,234

174,546

Investments

5

10,000

10,000

83,234

184,546

CURRENT ASSETS

Stocks

116,654

184,748

Debtors

6

848,997

882,124

Cash at bank and in hand

168,547

362,224

1,134,198

1,429,096

CREDITORS

Amounts falling due within one year

7

479,978

579,177

NET CURRENT ASSETS

654,220

849,919

TOTAL ASSETS LESS CURRENT LIABILITIES

737,454

1,034,465

CREDITORS

Amounts falling due after more than one year

8

(3,309

)

(13,957

)

PROVISIONS FOR LIABILITIES

-

(18,014

)

NET ASSETS

734,145

1,002,494

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

734,045

1,002,394

734,145

1,002,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

J V Joiner - Director

1.	STATUTORY INFORMATION

Showmasters 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.

Turnover

Turnover is recognised at the fair value of the consideration receivable for services in the ordinary course of the business. Turnover is shown net of Value Added Tax.

Tangible fixed assets

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

Equipment

-

20% on cost

Fixtures, fittings and equipment

-

33% on cost and 20% on cost

Motor vehicles

-

20% on cost

Event equipment and props

-

33% on cost and 10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Leasehold

fittings

property

and

improvements

Equipment

equipment

£

£

£

COST

At 1 February 2024

and 31 January 2025

63,717

5,119

109,873

DEPRECIATION

At 1 February 2024

22,279

5,119

87,225

Charge for year

6,371

-

15,011

At 31 January 2025

28,650

5,119

102,236

NET BOOK VALUE

At 31 January 2025

35,067

-

7,637

At 31 January 2024

41,438

-

22,648

Event

Motor

equipment

vehicles

and props

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

63,127

405,556

647,392

DEPRECIATION

At 1 February 2024

45,564

312,659

472,846

Charge for year

6,907

73,023

101,312

At 31 January 2025

52,471

385,682

574,158

NET BOOK VALUE

At 31 January 2025

10,656

19,874

73,234

At 31 January 2024

17,563

92,897

174,546

5.	FIXED ASSET INVESTMENTS

Interest

in other

participatin

interests

£

COST

At 1 February 2024

and 31 January 2025

10,000

NET BOOK VALUE

At 31 January 2025

10,000

At 31 January 2024

10,000

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

61,655

189,330

Amounts owed by associates

138,482

-

Other debtors

445,998

379,551

PayPal

1,358

4,167

VAT

2,224

-

Prepayments

79,959

170,208

729,676

743,256

Amounts falling due after more than one year:

Amounts owed by participating interests

119,321

138,868

Aggregate amounts

848,997

882,124

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,648

10,170

Trade creditors

41,111

118,253

Social security and other taxes

487

1,182

VAT

-

37,312

Credit card control

26,189

19,682

Directors' current accounts

43,658

47,008

Accrued expenses

357,885

345,570

479,978

579,177

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

3,309

10,425

Bank loans - 2-5 years

-

3,532

3,309

13,957

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the director J Joiner £43,658 (£47,009- 2024).

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Mr J Joiner by virtue of his majority ownership of the called up share capital.