Company Registration No. 03343393 (England and Wales)
Marketing Projects House Limited
Unaudited accounts
for the year ended 30 June 2024
Marketing Projects House Limited
Unaudited accounts
Contents
Marketing Projects House Limited
Company Information
for the year ended 30 June 2024
Company Number
03343393 (England and Wales)
Registered Office
Congress House
Lyon Road
Harrow
HA1 2EN
United Kingdom
Accountants
Balmoral Consultancy Services Limited
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Marketing Projects House Limited
Statement of financial position
as at 30 June 2024
Tangible assets
3,044
3,917
Cash at bank and in hand
5,438
9,481
Creditors: amounts falling due within one year
(9,875)
(3,343)
Net current assets
20,465
45,152
Called up share capital
1,000
1,000
Profit and loss account
22,509
48,069
Shareholders' funds
23,509
49,069
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 28 March 2025 and were signed on its behalf by
M Bruzzone
Director
Company Registration No. 03343393
Marketing Projects House Limited
Notes to the Accounts
for the year ended 30 June 2024
Marketing Projects House Limited is a private company, limited by shares, registered in England and Wales, registration number 03343393. The registered office is Congress House, Lyon Road, Harrow, HA1 2EN, United Kingdom.
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.
Foreign currency translation
Functional and presentational currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of income and retained earnings within 'other operating income'.
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:
Fixtures & fittings
4 years Straight Line
Computer equipment
4 years Straight Line
Marketing Projects House Limited
Notes to the Accounts
for the year ended 30 June 2024
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Marketing Projects House Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
6,495
12,327
18,822
At 30 June 2024
7,977
12,327
20,304
At 1 July 2023
2,940
11,965
14,905
Charge for the year
1,994
361
2,355
At 30 June 2024
4,934
12,326
17,260
At 30 June 2024
3,043
1
3,044
At 30 June 2023
3,555
362
3,917
Amounts falling due within one year
Trade debtors
24,846
38,558
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
311
Loans from directors
7,842
1,008
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
8
Transactions with related parties
During the year under review, dividends amounting £Nil (2023: £6,000 ) were paid to the director, Mr M Bruzzone and his family members.
As at the balance sheet date the sum of £7,842 (2023: £1,008) was owed to Mr M Bruzzone. There are no terms as to interest or repayment in respect of the balance.
Marketing Projects House Limited
Notes to the Accounts
for the year ended 30 June 2024
During the year under review, the company was jointly controlled by M Bruzzone and A Bruzzone by virtue of their shareholding.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).