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REGISTERED NUMBER: 04119505 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

VIVID PUBLIC RELATIONS LIMITED

VIVID PUBLIC RELATIONS LIMITED (REGISTERED NUMBER: 04119505)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


VIVID PUBLIC RELATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: P Evans





REGISTERED OFFICE: First Floor, 336 Molesey Road
Hersham
Walton on Thames
Surrey
KT12 3PD





REGISTERED NUMBER: 04119505 (England and Wales)





ACCOUNTANTS: The McWhirter Partnership Limited
Chartered Accountants
336 Molesey Road
Hersham
Walton on Thames
Surrey
KT12 3PD

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VIVID PUBLIC RELATIONS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vivid Public Relations Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Vivid Public Relations Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Vivid Public Relations Limited and state those matters that we have agreed to state to the director of Vivid Public Relations Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vivid Public Relations Limited and its director for our work or for this report.

It is your duty to ensure that Vivid Public Relations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vivid Public Relations Limited. You consider that Vivid Public Relations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Vivid Public Relations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The McWhirter Partnership Limited
Chartered Accountants
336 Molesey Road
Hersham
Walton on Thames
Surrey
KT12 3PD


24 October 2023

VIVID PUBLIC RELATIONS LIMITED (REGISTERED NUMBER: 04119505)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,134 1,169

CURRENT ASSETS
Debtors 5 119,892 134,834
Cash at bank 5,793 1
125,685 134,835
CREDITORS
Amounts falling due within one year 6 100,799 134,429
NET CURRENT ASSETS 24,886 406
TOTAL ASSETS LESS CURRENT LIABILITIES 26,020 1,575

CREDITORS
Amounts falling due after more than one
year

7

27,778

38,847
NET LIABILITIES (1,758 ) (37,272 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,858 ) (37,372 )
SHAREHOLDERS' FUNDS (1,758 ) (37,272 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





P Evans - Director


VIVID PUBLIC RELATIONS LIMITED (REGISTERED NUMBER: 04119505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Vivid Public Relations 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 "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.

Turnover
Turnover represents net invoiced fee income for services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 etc - 20% on reducing balance

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.

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 year was 4 (2021 - 4 ) .

VIVID PUBLIC RELATIONS LIMITED (REGISTERED NUMBER: 04119505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 12,193
Additions 249
At 31 December 2022 12,442
DEPRECIATION
At 1 January 2022 11,024
Charge for year 284
At 31 December 2022 11,308
NET BOOK VALUE
At 31 December 2022 1,134
At 31 December 2021 1,169

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 25,555 62,104
Amounts recoverable on
contracts 7,582 12,757
Other debtors 86,755 59,973
119,892 134,834

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 28,354 69,805
Trade creditors 4,140 -
Taxation and social security 67,270 63,589
Other creditors 1,035 1,035
100,799 134,429

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 27,778 38,847

VIVID PUBLIC RELATIONS LIMITED (REGISTERED NUMBER: 04119505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Invoice Discounting Facility 17,243 35,009

The company has entered into a factoring agreement, and the funds loaned by the factoring company are secured on the book debts assigned.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2022, the director D Blythe owed the company £25,732 (2021 - £22,083). The maximum amount of the loan during the year was £25,732 and interest was charged at a rate of 2.5% on the outstanding amount.

At 31 December 2022, the director P Evans owed the company £39,551 (2021 - £22,737). The maximum amount of the loan during the year was £40,896 and interest was charged at a rate of 2.5% on the outstanding amount.

10. GOING CONCERN

The accounts have been prepared on a going concern basis, which the director believes to be appropriate with the ongoing support of the director and creditors.