2023-01-01 NI063084 2023-12-31 NI063084 2023-01-01 2023-12-31 NI063084 2022-12-31 NI063084 2022-01-01 2022-12-31 NI063084 uk-core:WithinOneYear 2022-12-31 NI063084 uk-core:WithinOneYear 2023-12-31 NI063084 uk-core:ShareCapital 2023-12-31 NI063084 uk-core:ShareCapital 2022-12-31 NI063084 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI063084 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI063084 uk-bus:Director1 2023-01-01 2023-12-31 NI063084 uk-core:ToolsEquipment 2023-01-01 2023-12-31 NI063084 uk-core:Goodwill 2022-12-31 NI063084 uk-core:Goodwill 2023-12-31 NI063084 uk-core:WithinOneYear 2023-12-31 NI063084 uk-core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure NI063084 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 NI063084 uk-bus:FRS102 2023-01-01 2023-12-31 NI063084 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 NI063084 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Advanced Marketing (NI) Ltd
Registered Number:NI063084
For the year ended 31 December 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 December 2023
Advanced Marketing (NI) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI063084
As at 31 December 2023
Advanced Marketing (NI) Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Current assets
Inventories
27,845
1,692
4
Trade and other receivables
45,090
17,648
5
19,340
72,935
Trade and other payables: amounts falling due within one
year
(140,108)
(121,056)
6
(67,173)
(101,716)
Net current liabilities
Total assets less current liabilities
(101,716)
(67,173)
(101,716)
Net liabilities
(67,173)
Capital and reserves
Called up share capital
2
2
Retained earnings
(101,718)
(67,175)
(101,716)
(67,173)
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
David Vance Director
These financial statements were approved and authorised for issue by the Board on 05 March 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Advanced Marketing (NI) Ltd
Notes to the Financial Statements
Statutory Information
Advanced Marketing (NI) Ltd is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI063084.
Registered address:
Unit 5
Blaris Industrial Estate
Altona Road
Lisburn
BT27 5QB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Straight line
Office equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 December 2023
Advanced Marketing (NI) Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2023
275,000
At 31 December 2023
275,000
Amortisation
At 01 January 2023
275,000
At 31 December 2023
275,000
Net book value
At 31 December 2023
-
At 31 December 2022
-
3. Property, plant and equipment
Office
equipment
£
Cost or
valuation
At 01 January 2023
15,965
At 31 December 2023
15,965
Provision for depreciation and impairment
At 01 January 2023
15,965
At 31 December 2023
15,965
At 31 December 2023
Net book value
-
At 31 December 2022
-
4. Inventories
2022
2023
£
£
Stocks
1,692
27,845
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6
For the year ended 31 December 2023
Advanced Marketing (NI) Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
900
28,145
Other debtors
16,748
16,945
45,090
17,648
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
39,368
75,907
Trade creditors
29,789
34,287
Taxation and social security
-
1,107
Other creditors
51,899
28,807
121,056
140,108
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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