First Exhibition Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04300762 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

FOR

FIRST EXHIBITION SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R F Turnbull

M B Turnbull

SECRETARY:

Ms N J Turnbull

REGISTERED OFFICE:

Venture House

The Tanneries

East Street

Titchfield

Hampshire

PO14 4AR

REGISTERED NUMBER:

04300762 (England and Wales)

ACCOUNTANTS:

Compass Accountants Limited

Chartered Accountants

Venture House

The Tanneries

East Street

Titchfield

Hampshire

PO14 4AR

FIXED ASSETS

Tangible assets

4

256,369

180,526

CURRENT ASSETS

Debtors

5

326,476

352,016

Cash at bank

401,741

457,081

728,217

809,097

CREDITORS

Amounts falling due within one year

6

299,123

448,295

NET CURRENT ASSETS

429,094

360,802

TOTAL ASSETS LESS CURRENT
LIABILITIES

685,463

541,328

CREDITORS

Amounts falling due after more than one
year

7

-

(32,800

)

PROVISIONS FOR LIABILITIES

(47,628

)

(15,032

)

NET ASSETS

637,835

493,496

CAPITAL AND RESERVES

Called up share capital

8

29,751

Capital redemption reserve

9

5,250

Retained earnings

9

602,834

458,495

SHAREHOLDERS' FUNDS

637,835

493,496

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th May 2026 and were signed on its behalf by:

R F Turnbull - Director

M B Turnbull - Director

1.	STATUTORY INFORMATION

First Exhibition 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.

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.

Turnover

Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Basic financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally 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.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st November 2024

112,753

147,306

88,052

54,877

402,988

Additions

1,913

-

170,016

171,929

At 31st October 2025

114,666

147,306

88,052

224,893

574,917

DEPRECIATION

At 1st November 2024

73,266

48,536

56,728

43,932

222,462

Charge for year

10,350

19,754

6,265

59,717

96,086

At 31st October 2025

83,616

68,290

62,993

103,649

318,548

NET BOOK VALUE

At 31st October 2025

31,050

79,016

25,059

121,244

256,369

At 31st October 2024

39,487

98,770

31,324

10,945

180,526

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1st November 2024

95,496

80,042

175,538

Transfer to ownership

(95,496

)

(80,042

)

(175,538

)

At 31st October 2025

-

DEPRECIATION

At 1st November 2024

46,844

10,882

57,726

Transfer to ownership

(46,844

)

(10,882

)

(57,726

)

At 31st October 2025

-

NET BOOK VALUE

At 31st October 2025

-

At 31st October 2024

48,652

69,160

117,812

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

291,293

307,910

Amounts owed by group undertakings

875

-

Other debtors

34,308

44,106

326,476

352,016

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

49,200

Trade creditors

136,067

172,885

Amounts owed to group undertakings

-

103,818

Taxation and social security

50,357

63,916

Other creditors

112,699

58,476

299,123

448,295

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

-

32,800

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

15,749

Ordinary

1

15,749

1

Ordinary A

1

7,438

Ordinary C

1

6,563

Ordinary B

1

7,438

29,751

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1st November 2024

458,495

5,250

463,745

Profit for the year

144,339

-

144,339

At 31st October 2025

602,834

5,250

608,084

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2025 and 31st October 2024:

2025

2024

£

R F Turnbull

Balance outstanding at start of year

(624

)

(312

)

Amounts repaid

(312

)

(312

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(936

)

(624

)

M B Turnbull

Balance outstanding at start of year

55

(312

)

Amounts advanced

1,130

679

Amounts repaid

(312

)

(312

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

873

55