Context Public Relations Limited 03643421 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of advertising services Digita Accounts Production Advanced 6.30.9574.0 true true 03643421 2023-04-01 2024-03-31 03643421 2024-03-31 03643421 bus:OrdinaryShareClass1 bus:Non-cumulativeRedeemableShares 2024-03-31 03643421 core:RetainedEarningsAccumulatedLosses 2024-03-31 03643421 core:ShareCapital 2024-03-31 03643421 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-03-31 03643421 core:CurrentFinancialInstruments 2024-03-31 03643421 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03643421 core:FurnitureFittingsToolsEquipment 2024-03-31 03643421 bus:SmallEntities 2023-04-01 2024-03-31 03643421 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03643421 bus:FilletedAccounts 2023-04-01 2024-03-31 03643421 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03643421 bus:RegisteredOffice 2023-04-01 2024-03-31 03643421 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 03643421 bus:Director1 2023-04-01 2024-03-31 03643421 bus:Director4 2023-04-01 2024-03-31 03643421 bus:Director5 2023-04-01 2024-03-31 03643421 bus:OrdinaryShareClass1 bus:Non-cumulativeRedeemableShares 2023-04-01 2024-03-31 03643421 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03643421 core:FurnitureFittings 2023-04-01 2024-03-31 03643421 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 03643421 core:MotorVehicles 2023-04-01 2024-03-31 03643421 countries:EnglandWales 2023-04-01 2024-03-31 03643421 2023-03-31 03643421 core:FurnitureFittingsToolsEquipment 2023-03-31 03643421 2022-04-01 2023-03-31 03643421 2023-03-31 03643421 bus:OrdinaryShareClass1 bus:Non-cumulativeRedeemableShares 2023-03-31 03643421 core:RetainedEarningsAccumulatedLosses 2023-03-31 03643421 core:ShareCapital 2023-03-31 03643421 core:CurrentFinancialInstruments 2023-03-31 03643421 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03643421 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03643421

Context Public Relations Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Context Public Relations Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Context Public Relations Limited

Company Information

Directors

Miss Eleanor Katherine Smith

Mr Frank Smith

Mr Alexander James Smith

Mrs Jenni Anne Livesley

Company secretary

Mr Frank Smith

Registered office

The Motorworks
Chestergate
Macclesfield
Cheshire
SK11 6DU

Accountants

The Moffatts Partnership LLP
Suite 1.1, First Floor
Jackson House
Sibson Road
Sale
M33 7RR

 

Context Public Relations Limited

(Registration number: 03643421)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

9,100

10,711

Other financial assets

5

104,777

100,000

 

113,877

110,711

Current assets

 

Debtors

6

176,271

168,182

Cash at bank and in hand

 

656,786

648,605

 

833,057

816,787

Creditors: Amounts falling due within one year

7

(101,948)

(92,833)

Net current assets

 

731,109

723,954

Total assets less current liabilities

 

844,986

834,665

Provisions for liabilities

(926)

(2,035)

Net assets

 

844,060

832,630

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

843,960

832,530

Shareholders' funds

 

844,060

832,630

 

Context Public Relations Limited

(Registration number: 03643421)
Balance Sheet as at 31 March 2024

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.

Directors' 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 directors acknowledge their 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 November 2024 and signed on its behalf by:
 

.........................................
Mr Frank Smith
Company secretary and director

 

Context Public Relations 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:
The Motorworks
Chestergate
Macclesfield
Cheshire
SK11 6DU

These financial statements were authorised for issue by the Board on 1 November 2024.

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.

Going concern

The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.

Revenue recognition

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

 

Context Public Relations Limited

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

Government grants

Government grants are recognised under the accrual model. Income is recognised in the same period that the related expenditure the grant is intended to compensate is incurred.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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 income 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.

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

Fixtures, fittings & equipment

25% Reducing balance basis

Motor vehicles

25% Reducing balance basis

 

Context Public Relations Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Context Public Relations Limited

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

Financial instruments

Classification
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

 Recognition and measurement
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

All other financial instruments are initially recognised at fair value, which is normally the transaction price. Other financial instruments are subsequently measured at fair value with any changes in the fair value recorded in the profit and loss account.

 Impairment
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously
been recognised. The impairment reversal is recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 11).

 

Context Public Relations Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

122,052

122,052

At 31 March 2024

122,052

122,052

Depreciation

At 1 April 2023

111,341

111,341

Charge for the year

1,611

1,611

At 31 March 2024

112,952

112,952

Carrying amount

At 31 March 2024

9,100

9,100

At 31 March 2023

10,711

10,711

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

100,000

100,000

Fair value adjustments

3,910

3,910

Additions

867

867

At 31 March 2024

104,777

104,777

Impairment

Carrying amount

At 31 March 2024

104,777

104,777

 

Context Public Relations Limited

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

69,892

54,340

Prepayments

18,162

20,625

Other debtors

88,217

93,217

 

176,271

168,182

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

18,789

5,376

Taxation and social security

36,820

47,689

Accruals and deferred income

7,599

4,550

Other creditors

38,740

35,218

101,948

92,833

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100