EMC Event Structures Limited


Directors	PETERS, Benjamin Harry
	PETERS, Caroline
	PETERS, Samuel William Harry
	PETERS, Victoria


Registered Address	2 The Barns, Graystone Plains Lane
	Hampsthwaite
	Harrogate
	HG3 2HT


Registered Number	03164494 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement


		Straight line (years)
	Plant and machinery	5
	Fixtures and fittings	3
	Vehicles	5

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease.

	Financial instruments
	The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	56		23

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 January 25	2,337,584	354,334	39,173	2,731,091
Additions	757,564	536,418	4,964	1,298,946
Disposals	(99,750)	(103,247)	(1,672)	(204,669)
At 31 December 25	2,995,398	787,505	42,465	3,825,368
Depreciation and impairment
At 01 January 25	636,182	74,073	30,365	740,620
Charge for year	381,752	114,123	4,057	499,932
On disposals	(30,538)	(13,167)	(828)	(44,533)
At 31 December 25	987,396	175,029	33,594	1,196,019
Net book value
At 31 December 25	2,008,002	612,476	8,871	2,629,349
At 31 December 24	1,701,402	280,261	8,808	1,990,471


	The net book value of assets held under finance leases of hire purchase contracts, included above are as follows: Plant and machinery £172,027 (2024 - £326,932) Motor vehicles £498,379 (2024 - £268,631)

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	95,803	25,976
Amounts owed by group undertakings	1,147,181	453,080
Other debtors	31,329	829
Prepayments and accrued income	64,895	105,834
Total	1,339,208	585,719


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	223,286	206,247
Bank borrowings and overdrafts	207,526	190,422
Taxation and social security	129,866	105,567
Finance lease and HP contracts	201,668	153,125
Other creditors	8,000	138,306
Accrued liabilities and deferred income	6,001	12,611
Total	776,347	806,278


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The following liabilities included within creditors, amounts falling due within one year, are secured by the Company: Finance lease and HP contracts £201,668 (2024 - £153,125) Bank loans £201,967 (2024 - £185,000)

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

The following liabilities included within creditors, amounts falling due within one year, are secured by the Company: 
Finance lease and HP contracts £201,668 (2024 - £153,125)
Bank loans £201,967 (2024 - £185,000)

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	151,940	368,276
Other creditors	525,139	451,442
Total	677,079	819,718


	The following liabilities included within creditors, amounts falling due after one year, are secured by the Company: Bank loans £128,914 (2024 - £339,690) Finance lease and HP contracts £525,139 (2024 - £421,954)

7.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carries in the Statement of financial position.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. 

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. 

When payments are eventually made, they are charged to the provision carries in the Statement of financial position.

	2025	2024
	£	£
Net deferred tax liability (asset)	600,000	325,000
Total	600,000	325,000

8.	Pension commitments
	The Company operates a defined contribution pension scheme in respect of the directors and employees. The Company also makes contributions in respect of the directors' personal pension plans. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,257 (2024 - £10,907). Contributions totalling £Nil (2024 - £2,028) were payable to the schemes at the period end and are included in creditors.

Pension commitments

The Company operates a defined contribution pension scheme in respect of the directors and employees. The Company also makes contributions in respect of the directors' personal pension plans. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,257 (2024 - £10,907). Contributions totalling £Nil (2024 - £2,028) were payable to the schemes at the period end and are included in creditors.

9.	Operating lease commitments
	At 31 December 2025, the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods: Not later than 1 year £128,278 (2024 - £127,413) Later than 1 year and not later than 5 years £32,070 (2024 - £159,266)

10.	Related party transactions
	Included within other debtors is £28,446 (2024 - £Nil) owed by S Peters, £2,872 (2024 - £Nil) owed by V Peters and £10 (2024 - £Nil) owed by B Peters. These loans bear interest at a commercial rate and are repayable on demand.

11.	Controlling party
	This Company's parent undertaking and ultimate holding company is Prospect Companies Limited, a Company registered in England and Wales, company number 15085058. Its registered office is the same as that of EMC Event Structures Limited.

12.	Parent-subsidiary relationships
	As part of a small group, this Company is exempt from producing group accounts. These accounts are for this Company alone.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		2,629,349		1,990,471
			2,629,349		1,990,471
Current assets
Debtors	4	1,339,208		585,719
Cash at bank and on hand		119,781		82,413
		1,458,989		668,132
Creditors amounts falling due within one year	5	(776,347)		(806,278)
Net current assets (liabilities)			682,642		(138,146)
Total assets less current liabilities			3,311,991		1,852,325
Creditors amounts falling due after one year	6		(677,079)		(819,718)
Provisions for liabilities	7		(600,000)		(325,000)
Net assets			2,034,912		707,607
Capital and reserves
Called up share capital			2		2
Profit and loss account			2,034,910		707,605
Shareholders' funds			2,034,912		707,607