Exhibition Display Solutions Ltd. - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04150614 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Exhibition Display Solutions Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M N Theobald

J Harding

REGISTERED OFFICE:

Unit T2

Rose Business Estate

Marlow Bottom Road

Marlow

Bucks.

SL7 3ND

REGISTERED NUMBER:

04150614 (England and Wales)

ACCOUNTANTS:

The Fish Partnership

The Mill House

Boundary Road

Loudwater

High Wycombe

Bucks.

HP10 9QN

FIXED ASSETS

Tangible assets

4

19,542

34,733

Investments

5

40

40

19,582

34,773

CURRENT ASSETS

Debtors

6

120,749

67,462

Cash at bank and in hand

18,236

811

138,985

68,273

CREDITORS

Amounts falling due within one year

7

96,737

53,492

NET CURRENT ASSETS

42,248

14,781

TOTAL ASSETS LESS CURRENT LIABILITIES

61,830

49,554

CREDITORS

Amounts falling due after more than one year

8

(26,487

)

(35,323

)

PROVISIONS FOR LIABILITIES

(3,474

)

(6,417

)

NET ASSETS

31,869

7,814

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

40

40

Retained earnings

31,729

7,674

SHAREHOLDERS' FUNDS

31,869

7,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 September 2017 and were signed on its behalf by:

M N Theobald - Director

1.	STATUTORY INFORMATION

Exhibition Display Solutions Ltd. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "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.

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.

Fixtures and fittings

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2016

182,585

Additions

3,342

At 31 May 2017

185,927

DEPRECIATION

At 1 June 2016

147,852

Charge for year

18,533

At 31 May 2017

166,385

NET BOOK VALUE

At 31 May 2017

19,542

At 31 May 2016

34,733

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2016

and 31 May 2017

40

NET BOOK VALUE

At 31 May 2017

40

At 31 May 2016

40

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

116,782

66,712

Other debtors

3,967

750

120,749

67,462

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

25,604

1,678

Trade creditors

14,050

28,490

Taxation and social security

43,363

9,765

Other creditors

13,720

13,559

96,737

53,492

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

26,487

35,323

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Between one and five years

21,333

13,825