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REGISTERED NUMBER: 04994515 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 December 2023

for

Impress Promotions Surrey Limited

Impress Promotions Surrey Limited (Registered number: 04994515)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Impress Promotions Surrey Limited

Company Information
for the year ended 31 December 2023







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)

Report of the Directors
for the year ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of suppliers of promotional, corporate and business gifts and clothing.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

M Pratt
B J Starling

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M Pratt - Director


2 August 2024

Impress Promotions Surrey Limited (Registered number: 04994515)

Income Statement
for the year ended 31 December 2023

2023 2022
£    £   

TURNOVER 711,128 567,481

Cost of sales 452,522 363,639
GROSS PROFIT 258,606 203,842

Administrative expenses 154,980 139,405
OPERATING PROFIT 103,626 64,437

Interest receivable and similar income 84 1
103,710 64,438

Interest payable and similar expenses 3 -
PROFIT BEFORE TAXATION 103,707 64,438

Tax on profit 23,255 12,243
PROFIT FOR THE FINANCIAL YEAR 80,452 52,195

Impress Promotions Surrey Limited (Registered number: 04994515)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,298 14,993
12,298 14,993

CURRENT ASSETS
Stocks 29,268 30,403
Debtors 6 51,219 57,444
Cash at bank 71,021 30,635
151,508 118,482
CREDITORS
Amounts falling due within one year 7 64,508 73,489
NET CURRENT ASSETS 87,000 44,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,298

59,986

PROVISIONS FOR LIABILITIES 2,640 2,780
NET ASSETS 96,658 57,206

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 96,558 57,106
SHAREHOLDERS' FUNDS 96,658 57,206

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

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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 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 2023

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 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 45,500
AMORTISATION
At 1 January 2023
and 31 December 2023 45,500
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 75,587
Additions 908
At 31 December 2023 76,495
DEPRECIATION
At 1 January 2023 60,594
Charge for year 3,603
At 31 December 2023 64,197
NET BOOK VALUE
At 31 December 2023 12,298
At 31 December 2022 14,993

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,477 53,741
Other debtors 5,742 3,703
51,219 57,444

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 22,226 38,779
Taxation and social security 26,358 15,945
Other creditors 15,924 18,765
64,508 73,489