REGISTERED NUMBER: |
Financial Statements For The Period 8 January 2021 to 31 January 2022 |
for |
Utilise Marketing Group Limited |
REGISTERED NUMBER: |
Financial Statements For The Period 8 January 2021 to 31 January 2022 |
for |
Utilise Marketing Group Limited |
Utilise Marketing Group Limited (Registered number: 13123033) |
Contents of the Financial Statements |
For The Period 8 January 2021 to 31 January 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Utilise Marketing Group Limited |
Company Information |
For The Period 8 January 2021 to 31 January 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
Utilise Marketing Group Limited (Registered number: 13123033) |
Balance Sheet |
31 January 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
Utilise Marketing Group Limited (Registered number: 13123033) |
Balance Sheet - continued |
31 January 2022 |
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 and authorised for issue on |
Utilise Marketing Group Limited (Registered number: 13123033) |
Notes to the Financial Statements |
For The Period 8 January 2021 to 31 January 2022 |
1. | STATUTORY INFORMATION |
Utilise Marketing Group Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The directors have considered the consequences of COVID-19 and other events and conditions, and they have determined that they do not create a material uncertainty that casts significant doubt upon the entity’s ability to continue as a going concern. |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Turnover |
Turnover is measured at the fair value of marketing fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the services are complete. |
Tangible fixed assets |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Financial instruments |
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. |
Taxation |
Taxation for the period 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. |
Utilise Marketing Group Limited (Registered number: 13123033) |
Notes to the Financial Statements - continued |
For The Period 8 January 2021 to 31 January 2022 |
2. | ACCOUNTING POLICIES - continued |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 31 January 2022 |
DEPRECIATION |
Charge for period |
At 31 January 2022 |
NET BOOK VALUE |
At 31 January 2022 |
Utilise Marketing Group Limited (Registered number: 13123033) |
Notes to the Financial Statements - continued |
For The Period 8 January 2021 to 31 January 2022 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 31 January 2022 |
NET BOOK VALUE |
At 31 January 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
S Follett, a director operates a current account to which transactions of a private nature are charged. Included in other debtors at 31st January 2022 is £54,436 owed to the company. The loan is repayable on demand and includes interest at 2% and 2.25%. |
R Welch, a director operates a current account to which transactions of a private nature are charged. Included in other debtors at 31st January 2022 is £48,219 owed to the company. The loan is repayable on demand and includes interest at 2% and 2.25%. |
Utilise Marketing Group Limited (Registered number: 13123033) |
Notes to the Financial Statements - continued |
For The Period 8 January 2021 to 31 January 2022 |
10. | RELATED PARTY DISCLOSURES |
Included in other debtors at 31st January 2022 is £6,960 owed from a related party under common control. The loan is repayable on demand and interest free. |
Included in other creditors at 31st January 2022 is £100 owed to a related party under common control. The loan is repayable on demand and interest free. |