Liz Scott PR & Marketing Limited 07597675 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is marketing and PR for children's books. Digita Accounts Production Advanced 6.30.9574.0 true 07597675 2023-04-01 2024-03-31 07597675 2024-03-31 07597675 core:RetainedEarningsAccumulatedLosses 2024-03-31 07597675 core:ShareCapital 2024-03-31 07597675 core:CurrentFinancialInstruments 2024-03-31 07597675 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07597675 core:Goodwill 2024-03-31 07597675 core:FurnitureFittingsToolsEquipment 2024-03-31 07597675 bus:SmallEntities 2023-04-01 2024-03-31 07597675 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07597675 bus:FullAccounts 2023-04-01 2024-03-31 07597675 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07597675 bus:RegisteredOffice 2023-04-01 2024-03-31 07597675 bus:Director1 2023-04-01 2024-03-31 07597675 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07597675 core:Goodwill 2023-04-01 2024-03-31 07597675 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07597675 core:OfficeEquipment 2023-04-01 2024-03-31 07597675 countries:EnglandWales 2023-04-01 2024-03-31 07597675 2023-03-31 07597675 core:Goodwill 2023-03-31 07597675 core:FurnitureFittingsToolsEquipment 2023-03-31 07597675 2022-04-01 2023-03-31 07597675 2023-03-31 07597675 core:RetainedEarningsAccumulatedLosses 2023-03-31 07597675 core:ShareCapital 2023-03-31 07597675 core:CurrentFinancialInstruments 2023-03-31 07597675 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07597675 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 07597675

Liz Scott PR & Marketing Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Liz Scott PR & Marketing Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Liz Scott PR & Marketing Limited

(Registration number: 07597675)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

5

422

562

Current assets

 

Debtors

6

3,120

2,215

Cash at bank and in hand

 

86,334

106,062

 

89,454

108,277

Creditors: Amounts falling due within one year

7

(49,337)

(67,622)

Net current assets

 

40,117

40,655

Net assets

 

40,539

41,217

Capital and Reserves

 

Called up share capital

1

1

Retained Earnings

40,538

41,216

Shareholders' funds

 

40,539

41,217

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 20 August 2024
 

.........................................
Ms Elizabeth Gray Scott
Director

 

Liz Scott PR & Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:
5 Hawthorn Road
Hale
Altrincham
Cheshire
WA15 9RQ
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Liz Scott PR & Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Office equipment

Reducing balance - 25%

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line - 10%

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Liz Scott PR & Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

11,239

11,239

At 31 March 2024

11,239

11,239

Amortisation

At 1 April 2023

11,239

11,239

At 31 March 2024

11,239

11,239

Carrying amount

At 31 March 2024

-

-

5

Tangible Assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

2,951

2,951

At 31 March 2024

2,951

2,951

Depreciation

At 1 April 2023

2,388

2,388

Charge for the year

141

141

At 31 March 2024

2,529

2,529

Carrying amount

At 31 March 2024

422

422

At 31 March 2023

562

562

 

Liz Scott PR & Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

2024
£

2023
£

Trade debtors

2,603

150

Prepayments

517

-

Other debtors

-

2,065

3,120

2,215

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

34

Taxation and social security

8,348

6,811

Accruals and deferred income

3,575

3,216

Other creditors

37,414

57,561

49,337

67,622