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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
Page
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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
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Diffusion PR and Communications Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,370 
29,799 
Current assets
Debtors
95,955 
297,968 
Cash at bank and in hand
1,581 
76,527 
97,536 
374,495 
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 
Capital and reserves
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
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Diffusion PR and Communications Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Foreign exchange
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.
Going concern
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.
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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 
Additions
- 
2,980 
2,980 
At 31 March 2024
27,919 
18,829 
46,748 
Depreciation
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 
Net book value
At 31 March 2024
12,408 
6,962 
19,370 
At 31 March 2023
21,715 
8,084 
29,799 
5
Debtors
2024 
2023 
£ 
£ 
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 
66,997 
269,010 
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 
VAT
31,734 
41,971 
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 
Other creditors
107 
5,190 
Accruals
32,773 
59,293 
Deferred income
- 
39,375 
244,753 
266,806 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
91,667 
120,833 
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Diffusion PR and Communications Limited Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
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 
128,700 
225,225 
10
Transactions with related parties
The company paid dividends of £nil (2023: £250,000) to the parent company, Communication That Connects Group Limited.
11
Controlling party
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).
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