Pro Expo UK Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11812695 (England and Wales)

PRO EXPO UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2021 TO 30 APRIL 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P De Wet

REGISTERED OFFICE:

Gibson House

Hurricane Court

Hurricane Close

Stafford

Staffordshire

ST16 1GZ

REGISTERED NUMBER:

11812695 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

12,734

CURRENT ASSETS

Debtors

5

34,211

20,971

Cash at bank

2,765

9,346

36,976

30,317

CREDITORS

Amounts falling due within one year

6

(11,819

)

(22,741

)

NET CURRENT ASSETS

25,157

7,576

TOTAL ASSETS LESS CURRENT LIABILITIES

25,157

20,310

CREDITORS

Amounts falling due after more than one year

7

(18,683

)

(9,535

)

PROVISIONS FOR LIABILITIES

-

(2,419

)

NET ASSETS

6,474

8,356

CAPITAL AND RESERVES

Called up share capital

8

150

150

Retained earnings

6,324

8,206

SHAREHOLDERS' FUNDS

6,474

8,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2022 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2023 and were signed by:

P De Wet - Director

1.	STATUTORY INFORMATION

Pro Expo UK 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the the hiring out of stretch tents is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the hire date.

Where the outcome cannot be measured reliably turnover is recognised only to the extent of the expenses recognised that are recoverable.

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

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33.3% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Accounting period

The company's accounting period was extended from 28 February 2022 to 30 April 2022. As such, the comparatives are not entirely comparable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2021

19,663

Additions

43,890

Disposals

(63,553

)

At 30 April 2022

-

DEPRECIATION

At 1 March 2021

6,929

Charge for period

13,275

Eliminated on disposal

(20,204

)

At 30 April 2022

-

NET BOOK VALUE

At 30 April 2022

-

At 28 February 2021

12,734

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

-

10,349

Amounts owed by associates

32,216

-

Other debtors

257

7,425

Directors' current accounts

-

892

Tax

1,738

1,738

Prepayments

-

567

34,211

20,971

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

2,196

1,464

Hire purchase contracts

4,500

-

Trade creditors

-

794

Amounts owed to associates

-

13,895

Tax

4,709

-

Social security and other taxes

-

883

VAT

414

4,205

Accrued expenses

-

1,500

11,819

22,741

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

2,196

2,196

Bank loans - 2-5 years

4,392

6,588

Bank loans more than 5 years

by instalments

382

751

Hire purchase contracts

11,713

-

18,683

9,535

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

382

751

382

751

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

150

Ordinary

£1

150

150

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 April 2022 and the year ended 28 February 2021:

2022

2021

£

£

P De Wet

Balance outstanding at start of period

892

-

Amounts advanced

14,765

7,880

Amounts repaid

(15,657

)

(6,988

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

892

No interest has been charged on the loan and it is repayable on demand.