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REGISTERED NUMBER: 03939517 (England and Wales)















KBC Public Relations & Marketing Ltd

Unaudited Financial Statements for the Year Ended 31 March 2023






KBC Public Relations & Marketing Ltd (Registered number: 03939517)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KBC Public Relations & Marketing Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D J Ezra
Mrs L Philpott
Mrs L B Lashbrook





SECRETARY: Mrs C M Burgess-Craddy





REGISTERED OFFICE: 16 Bridge Road
Haywards Heath
RH16 1UA





REGISTERED NUMBER: 03939517 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

KBC Public Relations & Marketing Ltd (Registered number: 03939517)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,688 3,451

CURRENT ASSETS
Debtors 5 372,064 351,816
Cash at bank and in hand 103,423 109,620
475,487 461,436
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

159,638

142,797
NET CURRENT ASSETS 315,849 318,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,537

322,090

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(104,765

)

(191,750

)

PROVISIONS FOR LIABILITIES (1,271 ) (656 )
NET ASSETS 216,501 129,684

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 216,401 129,584
SHAREHOLDERS' FUNDS 216,501 129,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

KBC Public Relations & Marketing Ltd (Registered number: 03939517)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





Mrs L B Lashbrook - Director


KBC Public Relations & Marketing Ltd (Registered number: 03939517)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

KBC Public Relations & Marketing 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.

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.

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
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 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.

KBC Public Relations & Marketing Ltd (Registered number: 03939517)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

The company manages the financial risks of changes in foreign exchange rates by using forward contracts. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently remeasured at fair value at the balance sheet date. Changes in the fair value are recognised in the income statement in foreign exchange losses or gains as appropriate.

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 contributes to the personal pension schemes of its employees. Contributions payable to the pension schemes are charged to the profit and loss account in the period to which they relate.

Forward contracts
Forward contracts are initially measured at fair value on the contract date. Subsequent changes in fair value are recognised in the income statement at each reporting date.

Going concern
The directors have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern.

At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next twelve months and thus conclude that the going concern basis remains appropriate.

Grants
Government grants in respect of capital expenditure are credited to a deferred income account and released to profit over the expected useful lives of the relevant assets in equal annual instalments.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

KBC Public Relations & Marketing Ltd (Registered number: 03939517)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 21,087 13,300 34,387
Additions - 5,757 5,757
At 31 March 2023 21,087 19,057 40,144
DEPRECIATION
At 1 April 2022 21,087 9,849 30,936
Charge for year - 2,520 2,520
At 31 March 2023 21,087 12,369 33,456
NET BOOK VALUE
At 31 March 2023 - 6,688 6,688
At 31 March 2022 - 3,451 3,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 140,709 83,016
Amounts owed by group undertakings 163,765 250,750
Other debtors 67,590 18,050
372,064 351,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 59,000 59,000
Trade creditors 23,380 29,600
Taxation and social security 46,488 24,363
Other creditors 30,770 29,834
159,638 142,797

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 104,765 191,750

KBC Public Relations & Marketing Ltd (Registered number: 03939517)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 163,765 250,750

Bank borrowings are secured by way of a fixed and floating charge over the company's assets. Secured amounts are repayable over a 6 year term, at an annual interest rate of 3.99% over the Bank of England base rate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 Ordinary £1 90 90
10 Ordinary A £1 10 10
100 100

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had outstanding operating lease commitments totalling £7,500 (2022: £22,500).

11. RELATED PARTY DISCLOSURES

At the balance sheet date the parent company owed £163,765 (2022 - £250,750) to the company. This loan is interest free, unsecured and repayable on demand.

During the year total dividends of £101,852 (2022 - £131,535) were paid to the parent company.