General Information
Xpression Event Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 06055115, registration address 3210 Heyford Park, Camp Road, Upper Heyford, Bicester, Oxfordshire, OX25 5HA.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The director has taken steps to restore the company to profitability and improve its cash position. These include reducing premises costs through lower rent, reducing staff numbers, and reducing the size of the vehicle fleet to match current levels of activity.
On that basis, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director has also confirmed that he will continue to support the company and will not seek repayment of his loan account where this would prejudice its ability to meet its other liabilities. The director therefore continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the basis stated below.
| Plant and Machinery |
20% and 10% Straight Line
|
| Motor Vehicles |
20% and 10% Straight Line
|
| Fixtures and Fittings |
25% and 20% Straight Line
|
| Computer Equipment |
33.33% Straight Line
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees Average number of employees during the period was 14 (2025 : 17). |
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 February 2025 |
20,000 |
|
20,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 January 2026 |
20,000 |
|
20,000 |
| Amortisation |
| At 01 February 2025 |
20,000 |
|
20,000 |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 January 2026 |
20,000 |
|
20,000 |
| Net book values |
| At 31 January 2026 |
- |
|
- |
| At 31 January 2025 |
- |
|
- |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 February 2025 |
240,664 |
|
1,105,659 |
|
102,300 |
|
10,251 |
|
1,458,874 |
| Additions |
29,899 |
|
- |
|
- |
|
- |
|
29,899 |
| Disposals |
(106,000) |
|
- |
|
- |
|
- |
|
(106,000) |
| At 31 January 2026 |
164,563 |
|
1,105,659 |
|
102,300 |
|
10,251 |
|
1,382,773 |
| Depreciation |
| At 01 February 2025 |
225,728 |
|
892,931 |
|
101,825 |
|
6,786 |
|
1,227,270 |
| Charge for year |
16,717 |
|
71,362 |
|
237 |
|
2,116 |
|
90,432 |
| On disposals |
(106,000) |
|
- |
|
- |
|
- |
|
(106,000) |
| At 31 January 2026 |
136,445 |
|
964,293 |
|
102,062 |
|
8,902 |
|
1,211,702 |
| Net book values |
| Closing balance as at 31 January 2026 |
28,118 |
|
141,366 |
|
238 |
|
1,349 |
|
171,071 |
| Opening balance as at 01 February 2025 |
14,936 |
|
212,728 |
|
475 |
|
3,465 |
|
231,604 |
Included within the net book value of tangible fixed assets is £106,883 (2025: £174,266) in respect of assets held on finance leases or similar hire purchase contracts. Depreciation for the year on these assets was £67,383 (2025: £113,068).
|
| 5. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Debtors |
137,658 |
|
137,487 |
| Provision for Doubtful Debts |
- |
|
(43,239) |
| Prepayments & Accrued Income |
512 |
|
5,352 |
| Other Debtors |
66,323 |
|
48,546 |
| Corporation Tax |
- |
|
6,838 |
|
204,493 |
|
154,984 |
|
| 6. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Creditors |
239,943 |
|
29,926 |
| Bank Loans & Overdrafts |
6,160 |
|
(6,161) |
| Corporation Tax |
1,104 |
|
- |
| PAYE & Social Security |
11,948 |
|
12,036 |
| Accrued Expenses |
3,485 |
|
20,683 |
| Other Creditors |
77,426 |
|
76,000 |
| Obligations under HP/Financial Leases |
86,095 |
|
76,548 |
| Directors' Current Accounts |
42,396 |
|
40,788 |
| VAT |
12,279 |
|
28,198 |
|
480,836 |
|
278,018 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2026
£ |
|
2025
£ |
| Bank Loans & Overdrafts |
- |
|
22,674 |
| Obligations Under HP/Financial Leases |
11,068 |
|
97,122 |
|
11,068 |
|
119,796 |
|
| 8. |
Provisions for liabilities
|
2026
£ |
|
2025
£ |
| Deferred Tax |
42,767 |
|
44,004 |
| Pension Provisions |
5,385 |
|
4,013 |
|
48,152 |
|
48,017 |
|
| 9. |
Share Capital
Allotted, called up and fully paid
|
2026
£ |
|
2025
£ |
|
900
Class A shares of £1.00 each |
900 |
|
900 |
|
100
Class B shares of £1.00 each |
100 |
|
100 |
|
1,000 |
|
1,000 |
|
| 10. |
Capital Redemption Reserve
|
2026
£ |
|
2025
£ |
| Capital Redemption Reserve b/fwd |
200 |
|
200 |
|
200 |
|
200 |
|
| 11. |
Related Party Transactions
Oxford Stage Hire Limited is a company owned and controlled by the Directors of Xpression Event Solutions Limited.
During the period the company made rental payments of £35,075 (2025: £33,000) to Oxford Stage Hire Limited.
At the balance sheet date the amount due from Oxford Stage Hire Limited was £46,263 (2025: £28,486).
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2
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