Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 6 | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
H A Coetzee | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Tangible fixed assets | ||||||||
Plant and machinery | over 5 years | |||||||
Fixtures, fittings, tools and equipment | over 5 years | |||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Provisions | ||||||||
Foreign currency translation | ||||||||
Pensions | ||||||||
Share-based payments | ||||||||
Equity-settled transactions The cost of equity-settled transactions with employees is measured by reference to the fair value of the equity instruments granted at the date at which they are granted and is recognised as an expense over the vesting period, which ends on the date on which the relevant employees become fully entitled to the award. Fair value is determined by the directors or an external valuer using an appropriate valuation method if appropriate. The vesting period is determined as a best estimate by the directors with reference to the vesting conditions. |
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2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Office equipment and information technology | Plant and machinery and office fittings | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 January 2023 | ||||||||
Additions | - | |||||||
At 31 December 2023 | ||||||||
Depreciation | ||||||||
At 1 January 2023 | ||||||||
Charge for the year | ||||||||
At 31 December 2023 | ||||||||
Net book value | ||||||||
At 31 December 2023 | ||||||||
At 31 December 2022 | ||||||||
4 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Related party loan | - | 2,000 | ||||||
Director's loan account | - | 33,318 | ||||||
5 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Pension fund | - | 1,486 | ||||||
Taxation and social security costs | ||||||||
Directors' current account | 42,240 | - | ||||||
Accruals | 3,741 | 2,250 | ||||||
Other creditors | ||||||||
6 | Creditors: amounts falling due after one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans | ||||||||
7 | Related party transactions | |||||||
A related company controlled by the directors provided consultancy services to Marketing Pro Limited, during the accounting period, amounting to £141,417. | ||||||||
8 | Loans to directors | |||||||
Description and conditions | B/fwd | Paid | Repaid | C/fwd | ||||
£ | £ | £ | £ | |||||
[Loan 1] | ( |
- | ||||||
Loan was repaid on 30/06/2023 | ||||||||
[Loan 2] | ( |
- | ||||||
Loan was repaid on 30/06/2023 | ||||||||
33,318 | - | (33,318) | - | |||||
9 | Share based payments | |||||||
Enterprise Management Incentive (EMI) Share Option Plan | ||||||||
The directors, at their discretion, may select any number of inviduals who are eligible employees to be offered share options under the EMI share option plan. The options may be exercised in whole (or in part) at the earliest of any of the following events: a share sale, a trade sale or a listing. The expense released for share-based payments in respect of employee services received during the period to 31 December 2023 is £245 (31 December 2022 - £75). The portion of that expense released arising from equity-settled share-based payment transactions is £245 (31 December 2022 - £75). The following table illustrates the number and weighted average exercise prices (WAEP) of, and movements in, share options during the year. |
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2023 | 2023 | 2022 | 2022 | |||||
No. | WAEP | No. | WAEP | |||||
Outstanding at the start of the accounting period | 2,002 | £ 0.68 | 2,221 | £ 0.68 | ||||
Granted during the year | - | £ - | - | - | ||||
Forfeited during the year | (188) | £ 0.68 | (219) | - | ||||
Exercised | - | - | - | - | ||||
Expired during the year | - | - | - | - | ||||
Outstanding as at 31 December | 1,814 | £ 0.68 | 2,002 | £ 0.68 | ||||
Exercisable at 31 December | - | - | - | - | ||||
The weighted average fair value of options during the period was £0.68 (31 December 2022 – £0.68) | ||||||||
10 | Controlling party | |||||||
11 | Other information | |||||||
Marketing Pro Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
124 City Road | ||||||||
London | ||||||||
EC1V 2NX |