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Registration number: 03267880

T.K.O. Marketing Consultants Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

T.K.O. Marketing Consultants Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

T.K.O. Marketing Consultants Limited

Company Information

Directors

J G Forster

A Forster

Company secretary

A Forster

Registered office

4 Lucastes Mews
Paddockhall Road
Haywards Heath
West Sussex
RH16 1HE

 

T.K.O. Marketing Consultants Limited

(Registration number: 03267880)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

12,237

44,067

Current assets

 

Debtors

5

612,992

449,933

Cash at bank and in hand

 

189,646

285,506

 

802,638

735,439

Creditors: Amounts falling due within one year

6

(73,119)

(37,901)

Net current assets

 

729,519

697,538

Net assets

 

741,756

741,605

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

740,756

740,605

Shareholders' funds

 

741,756

741,605

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2024 and signed on its behalf by:
 

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

J G Forster
Director

 

T.K.O. Marketing Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
4 Lucastes Mews
Paddockhall Road
Haywards Heath
West Sussex
RH16 1HE

These financial statements were authorised for issue by the Board on 12 March 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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.

 

T.K.O. Marketing Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet 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:

Asset class

Depreciation method and rate

Plant and machinery

33.33% on cost

Fixtures and fittings

10% on cost

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

T.K.O. Marketing Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2022 - 7).

 

T.K.O. Marketing Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2022

31,857

65,000

-

96,857

Additions

-

-

6,717

6,717

Disposals

-

(65,000)

-

(65,000)

At 30 September 2023

31,857

-

6,717

38,574

Depreciation

At 1 October 2022

21,143

37,580

784

59,507

Charge for the year

3,067

14,894

1,343

19,304

Eliminated on disposal

-

(52,474)

-

(52,474)

At 30 September 2023

24,210

-

2,127

26,337

Carrying amount

At 30 September 2023

7,647

-

4,590

12,237

At 30 September 2022

10,714

27,420

5,933

44,067

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

90,810

83,527

Amounts owed by related parties

7

504,656

339,415

Prepayments

 

17,447

26,912

Other debtors

 

79

79

   

612,992

449,933

 

T.K.O. Marketing Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

trade creditors

27,151

19,193

Taxation and social security

23,081

13,142

Accruals and deferred income

19,694

4,559

Other creditors

3,193

1,007

73,119

37,901

7

Related party transactions

Summary of transactions with parent

The Edge Marketing Solutions
 During the year the company paid rent of £24,000 (2022: £24,000) to T.K.O. Marketing Consultants Limited as well as management charges of £113,900 (2022: £121,000).
 

Loans to related parties

2023

Parent
£

Total
£

At start of period

339,415

339,415

Advanced

289,241

289,241

Repaid

(124,000)

(124,000)

At end of period

504,656

504,656

2022

Parent
£

Total
£

At start of period

245,505

245,505

Advanced

185,885

185,885

Repaid

(91,975)

(91,975)

At end of period

339,415

339,415