Company Registration No. 03411164 (England and Wales)
Replay Promotions Limited
Unaudited accounts
for the year ended 31 March 2023
Replay Promotions Limited
Unaudited accounts
Contents
Replay Promotions Limited
Company Information
for the year ended 31 March 2023
Company Number
03411164 (England and Wales)
Registered Office
152 Coles Green Road
London
NW2 7HD
Accountants
Jacobs & Company
152 Coles Green Road
London
NW2 7HD
Replay Promotions Limited
Statement of financial position
as at 31 March 2023
Investments
154,069
154,069
Cash at bank and in hand
149,610
107,514
Creditors: amounts falling due within one year
(51,583)
(122,628)
Net current assets
658,880
604,635
Total assets less current liabilities
812,951
758,893
Creditors: amounts falling due after more than one year
-
(30,398)
Net assets
812,951
728,495
Called up share capital
1
1
Profit and loss account
812,950
728,494
Shareholders' funds
812,951
728,495
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 November 2023 and were signed on its behalf by
Steven Scop
Director
Company Registration No. 03411164
Replay Promotions Limited
Notes to the Accounts
for the year ended 31 March 2023
Replay Promotions Limited is a private company, limited by shares, registered in England and Wales, registration number 03411164. The registered office is 152 Coles Green Road, London, NW2 7HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
4
Intangible fixed assets
Goodwill
Replay Promotions Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Fixtures & fittings
6
Investments
Subsidiary undertakings
Valuation at 1 April 2022
154,069
Valuation at 31 March 2023
154,069
Investments comprise
100% of the issued share capital of Sonata Limited a company incorporated in England
100% of the issued share capital of Replay Promotions BV a company incorporated in the Netherlands
Amounts falling due within one year
Trade debtors
38,520
53,586
Amounts due from group undertakings etc.
181,098
290,821
Other debtors
331,454
272,953
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
11,268
Trade creditors
4,014
2,066
Amounts owed to group undertakings and other participating interests
7,812
76,761
Taxes and social security
33,928
25,956
Replay Promotions Limited
Notes to the Accounts
for the year ended 31 March 2023
9
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The company is a party to a cross-guarantee in favour of Lloyds Bank plc in respect of borrowings by Osmosis Promotional Products Ltd, Osmosis Properties Ltd, Pulstar Dataprint Limited and the company.
12
Transactions with related parties
The following balances existed with related companies at 31 March 2023:
An amount of £7,812 (2022:£76,761) was due to Sonata Limited, a subsidiary. An amount of £181,908 (2022:£290,820) was due from Replay Promotions BV, a subsidiary.
An amount of £243,069 (2021: £166,873) was due from Osmosis Promotional Products Ltd.
Mr S Scop, the director, is a director and shareholder of Osmosis Promotional Products Ltd. Osmosis Promotional Products charged Replay Promotions an amount of £54,000 (2022:£54,000) for management fees and share of costs in the year.
13
Average number of employees
During the year the average number of employees was 2 (2022: 2).