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REGISTERED NUMBER: 01082967 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INNOVATIVE MARKETING INTERNATIONAL
LIMITED

INNOVATIVE MARKETING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01082967)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INNOVATIVE MARKETING INTERNATIONAL
LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mr M S Dhanjal
Mr J A Lyons





SECRETARY: Mr M S Dhanjal





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 01082967 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

INNOVATIVE MARKETING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01082967)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,294 41,749
Investments 5 50,181 50,181
76,475 91,930

CURRENT ASSETS
Debtors 6 134,593 376,022
Cash at bank 1,047,361 782,314
1,181,954 1,158,336
CREDITORS
Amounts falling due within one year 7 219,554 242,311
NET CURRENT ASSETS 962,400 916,025
TOTAL ASSETS LESS CURRENT LIABILITIES 1,038,875 1,007,955

CAPITAL AND RESERVES
Called up share capital 8 20,625 20,625
Capital redemption reserve 29,375 29,375
Retained earnings 988,875 957,955
SHAREHOLDERS' FUNDS 1,038,875 1,007,955

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.

INNOVATIVE MARKETING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01082967)

BALANCE SHEET - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:




Mr J A Lyons - Director



Mr M S Dhanjal - Director


INNOVATIVE MARKETING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01082967)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Innovative Marketing International Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is at 100 Barbirolli Square, Manchester, M2 3BD. The address of its principal place of business is 21 Dorset Square, London NW1 6QG.

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 represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of promotional merchandise supplies, which are recognised at the point of which the goods or services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Office equipment-10% straight line
Plant & machinery-20% straight line
Motor vehicles-25% straight line

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


INNOVATIVE MARKETING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01082967)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Valuation of investments
Investments held as fixed assets are shown at cost less provision for impairment.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the
effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for
bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are
recognised when paid. Final equity dividends are recognised when approved by the shareholders at
an annual general meeting.

3. EMPLOYEES AND DIRECTORS

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

INNOVATIVE MARKETING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01082967)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 184,264
Disposals (71,849 )
At 31 December 2023 112,415
DEPRECIATION
At 1 January 2023 142,515
Charge for year 15,455
Eliminated on disposal (71,849 )
At 31 December 2023 86,121
NET BOOK VALUE
At 31 December 2023 26,294
At 31 December 2022 41,749

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1 59,880 59,881
PROVISIONS
At 1 January 2023
and 31 December 2023 - 9,700 9,700
NET BOOK VALUE
At 31 December 2023 1 50,180 50,181
At 31 December 2022 1 50,180 50,181

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 95,347 186,260
Amounts owed by group undertakings 32,248 173,862
Other debtors 6,998 15,900
134,593 376,022

INNOVATIVE MARKETING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01082967)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 9,920 30,742
Taxation and social security 42,546 19,439
Other creditors 167,088 192,130
219,554 242,311

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
20,625 Ordinary £1.00 20,625 20,625

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2022 - £50,000) were paid to the directors .

During the year the company has provided support services to its subsidiary and charged an administration fee of £79,597 (2022: £149,585). At the balance sheet date the subsidiary company owed £32,248 (2022: £173,862) by way of interest free loan.