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REGISTERED NUMBER: 04076202 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

FEEDBACK MARKET RESEARCH LIMITED

FEEDBACK MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04076202)

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


FEEDBACK MARKET RESEARCH LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Mrs C J Copley
P A Copley





SECRETARY: Mrs C J Copley





REGISTERED OFFICE: Field House Farm
Main Street
Sigglesthorne
East Yorkshire
HU11 5QA





REGISTERED NUMBER: 04076202 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

FEEDBACK MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04076202)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165,749 185,657

CURRENT ASSETS
Stocks 1,805 1,715
Debtors 5 146,797 63,709
Cash at bank 577,466 272,782
726,068 338,206
CREDITORS
Amounts falling due within one year 6 263,453 164,754
NET CURRENT ASSETS 462,615 173,452
TOTAL ASSETS LESS CURRENT
LIABILITIES

628,364

359,109

CREDITORS
Amounts falling due after more than one year 7 - (17,007 )

PROVISIONS FOR LIABILITIES (10,882 ) (11,414 )
NET ASSETS 617,482 330,688

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 617,480 330,686
SHAREHOLDERS' FUNDS 617,482 330,688

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.

FEEDBACK MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04076202)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2023 and were signed on its behalf by:




Mrs C J Copley - Director



P A Copley - Director


FEEDBACK MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04076202)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Feedback Market Research 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 financial statements are presented in sterling which is the functional currency of the company.
The principal activity of the company is market research.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company,including the impact of Covid-19, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.The company has suffered a period of difficult trade due to Covid-19 but has utilised the government support available and the directors are confident that the position of the company going forward will be positive.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 15% on cost

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 stocks to their present location and condition.

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.


FEEDBACK MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04076202)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
Taxation
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 38 (2022 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 168,129 146,950 315,079
DEPRECIATION
At 1 April 2022 42,546 86,876 129,422
Charge for year 3,363 16,545 19,908
At 31 March 2023 45,909 103,421 149,330
NET BOOK VALUE
At 31 March 2023 122,220 43,529 165,749
At 31 March 2022 125,583 60,074 185,657

FEEDBACK MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04076202)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 33,690
DEPRECIATION
At 1 April 2022 9,784
Charge for year 8,422
At 31 March 2023 18,206
NET BOOK VALUE
At 31 March 2023 15,484
At 31 March 2022 23,906

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 146,718 61,858
Other debtors 79 1,851
146,797 63,709

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 17,007 3,635
Trade creditors 7,376 379
Taxation and social security 158,799 120,365
Other creditors 80,271 40,375
263,453 164,754

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 17,007

FEEDBACK MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04076202)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have made loans to the company on an interest free repayable on demand basis.The amount included in other creditors was £24,890 ( 2022 £1,322 ).

9. RELATED PARTY DISCLOSURES

The company operates from premises owned by the directors. Included in administrative expenses is rent paid to the directors amounting to £46,200 (2022 £46,200).

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors, Mrs C J Copley and Mr P A Copley, by nature of them holding 100% of the issued share capital of the company.