REGISTERED NUMBER: 03238686 (England and Wales)

Audited Financial Statements for the Year Ended 30 April 2025

for

EVENT INSURANCE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P D S Jones

P J Telling

D Rose

REGISTERED OFFICE:

11 Laura Place

Bath

Somerset

BA2 4BL

REGISTERED NUMBER:

03238686 (England and Wales)

AUDITORS:

Richardson Swift Audit Ltd

Chartered Accountants

Statutory Auditor

11 Laura Place

Bath

BA2 4BL

FIXED ASSETS

Tangible assets

4

253,881

328,182

CURRENT ASSETS

Debtors: amounts falling due within one year

5

832,167

489,271

Debtors: amounts falling due after more than one year

5

275,794

135,264

Cash at bank and in hand

495,638

475,970

1,603,599

1,100,505

CREDITORS

Amounts falling due within one year

6

716,971

677,826

NET CURRENT ASSETS

886,628

422,679

TOTAL ASSETS LESS CURRENT LIABILITIES

1,140,509

750,861

CREDITORS

Amounts falling due after more than one year

7

-

(133,409

)

PROVISIONS FOR LIABILITIES

9

(54,404

)

(62,355

)

NET ASSETS

1,086,105

555,097

CAPITAL AND RESERVES

Called up share capital

10

168

100

Share premium

111,932

-

Retained earnings

974,005

554,997

SHAREHOLDERS' FUNDS

1,086,105

555,097

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 6 November 2025 and were signed on its behalf by:

P D S Jones - Director

P J Telling - Director

1.	STATUTORY INFORMATION

Event Insurance Services 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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue is recognised when the policy is taken out.

Tangible fixed assets

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

Long leasehold

-

10 - 20% on cost

Plant & machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20-33% Straight line

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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

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 21 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant &

and

leasehold

machinery

fittings

£

£

£

COST

At 1 May 2024

56,138

483

12,033

Additions

-

-

590

Disposals

(139

)

-

-

At 30 April 2025

55,999

483

12,623

DEPRECIATION

At 1 May 2024

54,903

483

10,545

Charge for year

931

-

1,445

At 30 April 2025

55,834

483

11,990

NET BOOK VALUE

At 30 April 2025

165

-

633

At 30 April 2024

1,235

-

1,488

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

220,573

469,655

758,882

Additions

-

58,255

58,845

Disposals

-

-

(139

)

At 30 April 2025

220,573

527,910

817,588

DEPRECIATION

At 1 May 2024

124,072

240,697

430,700

Charge for year

55,143

75,488

133,007

At 30 April 2025

179,215

316,185

563,707

NET BOOK VALUE

At 30 April 2025

41,358

211,725

253,881

At 30 April 2024

96,501

228,958

328,182

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

172,681

210,911

Other debtors

496,889

190,778

Directors' current accounts

112,000

29,908

Prepayments and accrued income

50,597

57,674

832,167

489,271

Amounts falling due after more than one year:

Other debtors

275,794

135,264

Aggregate amounts

1,107,961

624,535

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,968

55,556

Hire purchase contracts

119,520

34,325

Trade creditors

39,283

46,946

Corporation tax

233,794

81,990

Social security and other taxes

36,663

30,748

Other creditors

257,311

250,738

Directors' current accounts

951

-

Accruals and deferred income

15,481

177,523

716,971

677,826

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

-

13,889

Hire purchase contracts

-

119,520

-

133,409

8.	SECURED DEBTS

The hire purchase liabilities are secured on the assets to which they relate.

The bank loan is guaranteed by the UK Government under the Coronavirus Large Business Interruption Loan Scheme.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

54,404

62,355

Deferred

tax

£

Balance at 1 May 2024

62,355

Accelerated capital allowances

(7,951

)

Balance at 30 April 2025

54,404

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

68

A Ordinary

£1

68

-

168

100

68 A Ordinary shares of £1 each were allotted as fully paid at a premium of 1646.06 per share during the year.

Ordinary shares rank equally for voting purposes and have an entitlement to dividends.

A Ordinary do not carry any voting rights or an entitlement to dividends.

During the year the A Ordinary shares were issued at a premium of £110k. Post year end these shares were purchased back by the company at the issue value.

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

The Report of the Auditors was unqualified.

Catherine Edwards BSc FCA (Senior Statutory Auditor)

for and on behalf of Richardson Swift Audit Ltd

12.	OTHER FINANCIAL COMMITMENTS

The company had commitments under operating leases totalling £72,240 at the balance sheet date (2024: £134,160).

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the directors owed the company £111,049 (2024: £29.908)

14.	SIGNIFICANT JUDGEMENTS AND ESTIMATES

An element of the profit share receivable relates to the third party underwriter's best estimate as at the balance sheet date and has been assessed by the directors. This is included in the accounts in debtors and income.

No other significant judgements or estimates have had to be made by the directors in preparing the financial statements.