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REGISTERED NUMBER: 01845011 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Refinery Marketing Communications
Limited

Refinery Marketing Communications
Limited (Registered number: 01845011)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Refinery Marketing Communications
Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P N Bradshaw
Mrs M Lawton-Johal
R Kara
Miss S Hanley
M Bailey





SECRETARY: Mrs D Kennedy





REGISTERED OFFICE: 10 Pittbrook Street
Manchester
M12 6JX





REGISTERED NUMBER: 01845011 (England and Wales)





ACCOUNTANTS: Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW

Refinery Marketing Communications
Limited (Registered number: 01845011)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 134,264 151,415

CURRENT ASSETS
Stocks 5 65,094 75,594
Debtors 6 2,252,590 1,767,788
Cash at bank 45,122 41,675
2,362,806 1,885,057
CREDITORS
Amounts falling due within one year 7 (954,790 ) (930,876 )
NET CURRENT ASSETS 1,408,016 954,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,542,280

1,105,596

CREDITORS
Amounts falling due after more than one year 8 - (14,791 )

PROVISIONS FOR LIABILITIES 9 (7,502 ) (9,851 )
NET ASSETS 1,534,778 1,080,954

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,533,778 1,079,954
SHAREHOLDERS' FUNDS 1,534,778 1,080,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Refinery Marketing Communications
Limited (Registered number: 01845011)

Balance Sheet - continued
31 October 2023


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 31 July 2024 and were signed on its behalf by:





P N Bradshaw - Director


Refinery Marketing Communications
Limited (Registered number: 01845011)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Refinery Marketing Communications 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Monetary amounts in these financial statements are rounded to the nearest £.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key assumptions concerning the future and other key sources of estimation include uncertainties at the reporting date, which may have a risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial periods, are discussed below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost and 15% on cost
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.


Refinery Marketing Communications
Limited (Registered number: 01845011)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

Financial instruments
Financial assets and financial liabilities are recognised in the Company's balance sheet when the Company
becomes a party to the contractual provisions of the instrument. The principal financial assets and liabilities of the Company are as follows:

(a) Trade receivables and trade payables

Trade receivables do not carry interest and are stated at their initial fair value reduced by appropriate allowances for estimated irrecoverable amounts.

Trade payables on normal terms are not interest bearing and are stated at their nominal value.

(b) Cash and cash equivalents

Bank overdrafts are included within financial liabilities in current liabilities in the balance sheet.

(c) Bank and other borrowings

Interest-bearing bank and other borrowings are recorded at the fair value of the proceeds received. Finance
charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an accruals basis in the income statement using the effective interest method and are added to the carrying value of the instrument to the extent that they are not settled in the period in which they arise.

Refinery Marketing Communications
Limited (Registered number: 01845011)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2022 - 48 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2022 164,710 4,305 22,421
Additions - - -
At 31 October 2023 164,710 4,305 22,421
DEPRECIATION
At 1 November 2022 76,418 4,305 18,672
Charge for year 10,981 - 2,298
At 31 October 2023 87,399 4,305 20,970
NET BOOK VALUE
At 31 October 2023 77,311 - 1,451
At 31 October 2022 88,292 - 3,749

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 20,035 193,455 404,926
Additions - 14,325 14,325
At 31 October 2023 20,035 207,780 419,251
DEPRECIATION
At 1 November 2022 4,007 150,109 253,511
Charge for year 4,007 14,190 31,476
At 31 October 2023 8,014 164,299 284,987
NET BOOK VALUE
At 31 October 2023 12,021 43,481 134,264
At 31 October 2022 16,028 43,346 151,415

5. STOCKS
31.10.23 31.10.22
£    £   
Work-in-progress 65,094 75,594

Refinery Marketing Communications
Limited (Registered number: 01845011)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 816,404 704,703
Amounts owed by group undertakings 1,089,878 1,054,776
Directors' current accounts 235,625 -
Tax 78,957 -
Prepayments 31,726 8,309
2,252,590 1,767,788

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 108,304 227,239
Hire purchase contracts 14,791 2,552
Trade creditors 217,704 231,319
Amounts owed to group undertakings 170,508 179,774
Tax 239,874 63,424
Social security and other taxes 39,693 40,184
VAT 91,202 82,903
Other creditors 9,664 11,642
Accrued expenses 63,050 91,839
954,790 930,876

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts - 14,791

9. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax
Accelerated capital allowances 7,502 9,851

Deferred
tax
£   
Balance at 1 November 2022 9,851
Credit to Income Statement during year (2,349 )
Balance at 31 October 2023 7,502

Refinery Marketing Communications
Limited (Registered number: 01845011)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
P N Bradshaw
Balance outstanding at start of year - -
Amounts advanced 163,503 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 163,503 -

R Kara
Balance outstanding at start of year - -
Amounts advanced 29,614 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,614 -

Mrs M Lawton-Johal
Balance outstanding at start of year - -
Amounts advanced 42,507 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,507 -

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Refinery Group Limited.

The ultimate controlling party is Oakbase Integrated MarketingLimited.

The company's parent company is Refinery Group Limited which is itself wholly owned by Refinery Holdings Limited, and it in turn is wholly owned by Oakbase Integrated Marketing Limited. All companies are registered in England and Wales. The registered office of the ultimate parent company is 10 Pittbrook Street, Manchester, M12 6JX.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Refinery Marketing Communications
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Refinery Marketing Communications Limited for the year ended 31 October 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Refinery Marketing Communications Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Refinery Marketing Communications Limited and state those matters that we have agreed to state to the Board of Directors of Refinery Marketing Communications Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Refinery Marketing Communications Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Refinery Marketing Communications Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Refinery Marketing Communications Limited. You consider that Refinery Marketing Communications Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Refinery Marketing Communications Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW


31 July 2024