Company registration number 13293097 (England and Wales)
25/8 MARKETING GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
25/8 MARKETING GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
25/8 MARKETING GROUP LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,067
11,419
Investments
5
24,712
24,406
36,779
35,825
Current assets
Stocks
12,691
2,337
Debtors
6
405,936
397,727
Cash at bank and in hand
7,444
105,352
426,071
505,416
Creditors: amounts falling due within one year
7
(285,883)
(278,202)
Net current assets
140,188
227,214
Net assets
176,967
263,039
Capital and reserves
Called up share capital
150
150
Profit and loss reserves
176,817
262,889
Total equity
176,967
263,039

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 January 2025 and are signed on its behalf by:
Mr D V J Coe
Director
Company Registration No. 13293097
25/8 MARKETING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

25/8 Marketing Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Crown House, Bridgewater Close, Burnley, Lancashire, United Kingdom, BB11 5TE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance basis
Office and computer equipment
Depreciated straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

25/8 MARKETING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

25/8 MARKETING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
5
3
Tangible fixed assets
Plant and equipment
Office and computer equipment
Total
£
£
£
Cost
At 1 April 2023
-
0
17,954
17,954
Additions
3,414
4,382
7,796
At 31 March 2024
3,414
22,336
25,750
Depreciation and impairment
At 1 April 2023
-
0
6,535
6,535
Depreciation charged in the year
556
6,592
7,148
At 31 March 2024
556
13,127
13,683
Carrying amount
At 31 March 2024
2,858
9,209
12,067
At 31 March 2023
-
0
11,419
11,419
25/8 MARKETING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
4
Subsidiaries

Details of the company's subsidiaries at 31 March 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
25/8 Retail Solutions Limited
United Kingdom
Ordinary
75.00
25/8 Marketing Group North America LLC
United States
Ordinary
75.00
Prepackit Ltd
United Kingdom
Ordinary
75.00
The Cavendish Press Limited
United Kingdom
Ordinary
75.00
5
Fixed asset investments
2024
2023
£
£
Investments
24,712
24,406
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
234,960
388,246
Amounts owed by group undertakings
49,010
-
0
Other debtors
121,966
9,481
405,936
397,727
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank overdraft (secured)
46,483
-
0
Trade creditors
204,392
101,392
Amounts owed to group undertakings
-
0
26,729
Taxation and social security
8,149
89,113
Other creditors
26,859
60,968
285,883
278,202
8
Related party transactions

 

25/8 MARKETING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
8
Related party transactions
(Continued)
- 6 -

25/8 Retail Solutions Limited

 

25/8 Marketing Group Limited is a shareholder in the company and has a controlling interest in 25/8 Retail Solutions Limited. During the period the company purchased goods and services on commercial terms from 25/8 Retail Solutions Limited amounting to £109,473 (2023 - £56,259) and sold goods and services amounting to £26,455 (2023 - £31,882).

 

At the balance sheet date the amount due to 25/8 Retail Solutions Limited was £28,724 (2023 - £54,274).

 

25/8 Marketing Group North America LLC

 

25/8 Marketing Group Limited is a shareholder in the company and has a controlling interest in 25/8 Marketing Group North America LLC. During the period the company purchased goods and services on commercial terms from 25/8 Marketing Group North America LLC amounting to £nil (2023 - £10,111) and sold goods and services amounting to £126,517 (2023 - £2,941).

 

At the balance sheet date the amount due from 25/8 Marketing Group North America LLC was £67,796 (2023 - £27,545).

 

Prepackit Limited

 

25/8 Marketing Group Limited is a shareholder in the company and has a controlling interest in Prepackit Limited. During the period the company purchased goods and services on commercial terms from Prepackit Limited amounting to £120,212 and sold goods and services amounting to £8,817.

 

At the balance sheet date the amount due from Prepackit Limited was £11,942.

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