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REGISTERED NUMBER: 13123033 (England and Wales)















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: S Follett
R D Welch





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 13123033 (England and Wales)





ACCOUNTANTS: Cobham Murphy
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 12,127
Investments 5 100
12,227

CURRENT ASSETS
Debtors 6 135,492
Cash at bank 197,520
333,012
CREDITORS
Amounts falling due within one year 7 165,698
NET CURRENT ASSETS 167,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,541

PROVISIONS FOR LIABILITIES 2,304
NET ASSETS 177,237

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 177,235
177,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2022 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.

Utilise Marketing Group Limited (Registered number: 13123033)

Balance Sheet - continued
31 January 2022


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 Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:





R D Welch - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

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 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 15,657
At 31 January 2022 15,657
DEPRECIATION
Charge for period 3,530
At 31 January 2022 3,530
NET BOOK VALUE
At 31 January 2022 12,127

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 100
At 31 January 2022 100
NET BOOK VALUE
At 31 January 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 25,877
Other debtors 109,615
135,492

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 818
Trade creditors 19,178
Amounts owed to group undertakings 100
Taxation and social security 74,436
Other creditors 71,166
165,698

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 2,400

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.