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REGISTERED NUMBER: SC358234 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

The Poster Associates Ltd.

The Poster Associates Ltd. (Registered number: SC358234)






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


The Poster Associates Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Guy M Duman
Mr William Love
Mr Thomas Love





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC358234 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

The Poster Associates Ltd. (Registered number: SC358234)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,006 27,410

CURRENT ASSETS
Work in Progress 1,817 -
Debtors 5 38,317 43,543
Cash at bank and in hand 10,014 27,728
50,148 71,271
CREDITORS
Amounts falling due within one year 6 60,732 64,220
NET CURRENT (LIABILITIES)/ASSETS (10,584 ) 7,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,422

34,461

CREDITORS
Amounts falling due after more than one
year

7

(36,781

)

(42,743

)

PROVISIONS FOR LIABILITIES 8 (1,290 ) (5,208 )
NET LIABILITIES (26,649 ) (13,490 )

CAPITAL AND RESERVES
Called up share capital 9 8 8
Retained earnings (26,657 ) (13,498 )
SHAREHOLDERS' FUNDS (26,649 ) (13,490 )

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.

The Poster Associates Ltd. (Registered number: SC358234)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:




Mr Guy M Duman - Director



Mr Thomas Love - Director


The Poster Associates Ltd. (Registered number: SC358234)

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

1. STATUTORY INFORMATION

The Poster Associates Ltd. is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery - 20% on cost
Fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

The Poster Associates Ltd. (Registered number: SC358234)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fittings
Plant and and Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2022 169,851 5,620 18,075 193,546
Additions 4,408 1,291 - 5,699
At 31 March 2023 174,259 6,911 18,075 199,245
DEPRECIATION
At 1 April 2022 147,703 3,843 14,590 166,136
Charge for year 9,771 461 871 11,103
At 31 March 2023 157,474 4,304 15,461 177,239
NET BOOK VALUE
At 31 March 2023 16,785 2,607 2,614 22,006
At 31 March 2022 22,148 1,777 3,485 27,410

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,426 42,978
Other debtors 2,891 565
38,317 43,543

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,949 5,949
Trade creditors 6,208 6,012
Taxation and social security 26,333 32,014
Other creditors 22,242 20,245
60,732 64,220

The Poster Associates Ltd. (Registered number: SC358234)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 36,781 42,743

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 12,985 18,947

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,290 5,208

Deferred
tax
£   
Balance at 1 April 2022 5,208
Provided during year (3,918 )
Balance at 31 March 2023 1,290

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
30 Ordinary 'A' £0.10 3 3
5 Ordinary 'B' £1 5 5
8 8

The Poster Associates Ltd. (Registered number: SC358234)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr William Love
Balance outstanding at start of year 239 3,862
Amounts advanced - 239
Amounts repaid (239 ) (3,862 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 239

Mr Thomas Love
Balance outstanding at start of year 326 3,949
Amounts advanced - 326
Amounts repaid (326 ) (3,949 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 326

11. ULTIMATE CONTROLLING PARTY

The company is under the control of the Directors.