REGISTERED NUMBER: 05178376 (England and Wales)

Financial Statements

For The Year Ended 31 December 2025

for

Global Events (Travel) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P R Harris

REGISTERED OFFICE:

22 Sandsgate

Town Street Farsley

Pudsey

West Yorkshire

LS28 5UJ

REGISTERED NUMBER:

05178376 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

FIXED ASSETS

Tangible assets

4

59,861

78,850

CURRENT ASSETS

Stocks

450,131

153,728

Debtors

5

85,841

86,720

Cash at bank

493,521

457,151

1,029,493

697,599

CREDITORS

Amounts falling due within one year

6

875,559

535,019

NET CURRENT ASSETS

153,934

162,580

TOTAL ASSETS LESS CURRENT LIABILITIES

213,795

241,430

CAPITAL AND RESERVES

Called up share capital

40,002

40,002

Retained earnings

173,793

201,428

213,795

241,430

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 June 2026 and were signed by:

P R Harris - Director

1.	STATUTORY INFORMATION

Global Events (Travel) 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on reducing balance

Work in progress

Work in progress represents direct costs incurred in advance by the company in respect of events that had not commenced at the year end. The costs will be carried forward to be matched against related income at the commencement of the event.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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.

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.

Deferred income

Deferred income arises when a sale is raised but the date of travel has not yet occurred and the income remains potentially refundable to the client upon cancellation.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

5,887

76,707

82,594

Additions

900

-

900

Disposals

(2,909

)

-

(2,909

)

At 31 December 2025

3,878

76,707

80,585

DEPRECIATION

At 1 January 2025

3,115

629

3,744

Charge for year

316

19,019

19,335

Eliminated on disposal

(2,355

)

-

(2,355

)

At 31 December 2025

1,076

19,648

20,724

NET BOOK VALUE

At 31 December 2025

2,802

57,059

59,861

At 31 December 2024

2,772

76,078

78,850

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,869

9,258

Section 455 tax

18,527

17,578

Directors' loan accounts

56,719

53,908

VAT

1,815

1,835

Prepayments

2,911

4,141

85,841

86,720

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

154

3,399

Tax

19,860

11,020

Net wages

-

1,659

Other creditors

4,151

-

Accruals and deferred income

849,168

516,821

Accrued expenses

2,226

2,120

875,559

535,019

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

P R Harris

Balance outstanding at start of year

53,908

52,722

Amounts advanced

2,811

1,186

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

56,719

53,908

The above loan is unsecured, repayable on demand and interest has been charged at the HMRC beneficial loan rate.