Company Registration No. 06352837 (England and Wales)
Diffusion PR and Communications Limited
Unaudited accounts
for the year ended 31 March 2024
Diffusion PR and Communications Limited
Unaudited accounts
Contents
Diffusion PR and Communications Limited
Company Information
for the year ended 31 March 2024
Directors
Mr D Bhurji
Mr I Ristic
Company Number
06352837 (England and Wales)
Registered Office
152 Coles Green Road
London
NW2 7HD
Accountants
Jacobs & Company
152 Coles Green Road
London
NW2 7HD
Diffusion PR and Communications Limited
Statement of financial position
as at 31 March 2024
Tangible assets
19,370
29,799
Cash at bank and in hand
1,581
76,527
Creditors: amounts falling due within one year
(244,753)
(266,806)
Net current (liabilities)/assets
(147,217)
107,689
Total assets less current liabilities
(127,847)
137,488
Creditors: amounts falling due after more than one year
(91,667)
(120,833)
Provisions for liabilities
Deferred tax
(2,101)
(2,101)
Net (liabilities)/assets
(221,615)
14,554
Called up share capital
1,000
1,000
Profit and loss account
(222,615)
13,554
Shareholders' funds
(221,615)
14,554
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by
Mr I Ristic
Director
Company Registration No. 06352837
Diffusion PR and Communications Limited
Notes to the Accounts
for the year ended 31 March 2024
Diffusion PR and Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 06352837. The registered office is 152 Coles Green Road, London, NW2 7HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the life of the lease
Fixtures & fittings
33% on straight line basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The financial statements have been prepared on a going concern basis. The directors have assessed the company’s ability to continue as a going concern and have reasonable expectations that the company will continue to operate for the foreseeable future.
Diffusion PR and Communications Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
27,919
15,849
43,768
At 31 March 2024
27,919
18,829
46,748
At 1 April 2023
6,204
7,765
13,969
Charge for the year
9,307
4,102
13,409
At 31 March 2024
15,511
11,867
27,378
At 31 March 2024
12,408
6,962
19,370
At 31 March 2023
21,715
8,084
29,799
Amounts falling due within one year
Trade debtors
47,258
130,585
Amounts due from group undertakings etc.
-
106,648
Accrued income and prepayments
7,556
21,896
Other debtors
12,183
9,881
Amounts falling due after more than one year
Other debtors
28,958
28,958
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
50,000
50,000
Trade creditors
30,530
35,452
Amounts owed to group undertakings and other participating interests
68,551
-
Taxes and social security
31,058
35,525
7
Creditors: amounts falling due after more than one year
2024
2023
Diffusion PR and Communications Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
96,525
96,525
Later than one year and not later than five years
32,175
128,700
10
Transactions with related parties
The company paid dividends of £nil (2023: £250,000) to the parent company, Communication That Connects Group Limited.
Communication that Connects Group Limited, a company registered in England at 152 Coles Green Road London NW2 7HD under company registration number 08095071, is the controlling party.
12
Average number of employees
During the year the average number of employees was 8 (2023: 14).