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REGISTERED NUMBER: 04994515 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Impress Promotions Surrey Limited

Impress Promotions Surrey Limited (Registered number: 04994515)






Contents of the Financial Statements
for the year ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Impress Promotions Surrey Limited

Company Information
for the year ended 31 December 2022







DIRECTORS: M Pratt
B J Starling





SECRETARY: B J Starling





REGISTERED OFFICE: Barn Studios
Gaterounds
Parkgate Road
Newdigate
Surrey
RH5 5AJ





REGISTERED NUMBER: 04994515 (England and Wales)





ACCOUNTANTS: L J P Accounting Ltd
Barn Studios
Gaterounds
Parkgate Road
Newdigate
Surrey
RH5 5AJ

Impress Promotions Surrey Limited (Registered number: 04994515)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,993 19,156
14,993 19,156

CURRENT ASSETS
Stocks 30,403 17,507
Debtors 6 57,444 44,592
Cash at bank 30,635 68,004
118,482 130,103
CREDITORS
Amounts falling due within one year 7 73,489 111,103
NET CURRENT ASSETS 44,993 19,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,986

38,156

PROVISIONS FOR LIABILITIES 2,780 3,555
NET ASSETS 57,206 34,601

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,106 34,501
SHAREHOLDERS' FUNDS 57,206 34,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 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 21 November 2023 and were signed on its behalf by:





M Pratt - Director


Impress Promotions Surrey Limited (Registered number: 04994515)

Notes to the Financial Statements
for the year ended 31 December 2022

1. STATUTORY INFORMATION

Impress Promotions Surrey 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of two businesses in 2004, has been amortised evenly over its estimated useful life of five years.

The amount paid for goodwill in connection with the acquisition of a business in 2005 has also been amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 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.

Impress Promotions Surrey Limited (Registered number: 04994515)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 45,500
AMORTISATION
At 1 January 2022
and 31 December 2022 45,500
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 75,587
DEPRECIATION
At 1 January 2022 56,431
Charge for year 4,163
At 31 December 2022 60,594
NET BOOK VALUE
At 31 December 2022 14,993
At 31 December 2021 19,156

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 53,741 40,925
Other debtors 3,703 3,667
57,444 44,592

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 40,000
Trade creditors 38,779 39,649
Taxation and social security 15,945 15,172
Other creditors 18,765 16,282
73,489 111,103