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Registration number: 03026220

Integrated Marketing Contact Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2023

 

Integrated Marketing Contact Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Integrated Marketing Contact Limited

(Registration number: 03026220)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

104

209

Investment property

5

175,000

175,000

Other financial assets

6

1

1

 

175,105

175,210

Current assets

 

Debtors

7

247

234

Cash at bank and in hand

 

32,356

20,743

 

32,603

20,977

Creditors: Amounts falling due within one year

8

(174,634)

(147,736)

Net current liabilities

 

(142,031)

(126,759)

Net assets

 

33,074

48,451

Capital and reserves

 

Called up share capital

100

100

Fair value reserve

31,029

31,029

Profit and loss account

1,945

17,322

Shareholders' funds

 

33,074

48,451

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 21 November 2023

.........................................

Mr R E Waskett
Director

 

Integrated Marketing Contact Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 22 Franklin Avenue, Hartley Wintney, Hook, Hampshire, RG27 8RB.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Integrated Marketing Contact Limited

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

Asset class

Depreciation method and rate

Fixtures and fittings

25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Integrated Marketing Contact Limited

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

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2022

419

419

At 31 March 2023

419

419

Depreciation

At 1 April 2022

210

210

Charge for the year

105

105

At 31 March 2023

315

315

Carrying amount

At 31 March 2023

104

104

At 31 March 2022

209

209

5

Investment properties

2023
£

At 1 April 2022

175,000

At 31 March 2023

175,000

The investment properties are held at the director's valuation. He takes periodic informal advice and the valuations are assessed annually by the director based on market evaluation and rent yield.

There has been no valuation of investment property by an independent valuer.

 

Integrated Marketing Contact Limited

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

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2022

1

1

At 31 March 2023

1

1

Impairment

Carrying amount

At 31 March 2023

1

1

7

Debtors

2023
£

2022
£

Prepayments

247

234

247

234

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

-

13

Taxation and social security

1,578

2,019

Accruals and deferred income

8,990

8,498

Other creditors

164,066

137,206

174,634

147,736