Company registration number 10540546 (England and Wales)
INK MEDIA A PUBLIC RELATIONS COMPANY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
INK MEDIA A PUBLIC RELATIONS COMPANY LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
INK MEDIA A PUBLIC RELATIONS COMPANY LTD (REGISTERED NUMBER: 10540546)
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,848
4,056
Current assets
Debtors
4
117,687
76,169
Cash at bank and in hand
125,899
174,825
243,586
250,994
Creditors: amounts falling due within one year
5
(116,906)
(93,350)
Net current assets
126,680
157,644
Total assets less current liabilities
132,528
161,700
Creditors: amounts falling due after more than one year
6
(5,156)
(20,616)
Net assets
127,372
141,084
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
127,272
140,984
Total equity
127,372
141,084

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 December 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.

INK MEDIA A PUBLIC RELATIONS COMPANY LTD (REGISTERED NUMBER: 10540546)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 31 March 2025 and are signed on its behalf by:
O Quinn
Director
INK MEDIA A PUBLIC RELATIONS COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Ink Media A Public Relations Company Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.

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 £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for public relations services, excluding value added tax. Turnover is recognised once the service has been provided to the customer.

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:

Fixtures and fittings
25% reducing balance
Computers
33% straight line

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.

1.4
Taxation

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

1.5
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.

INK MEDIA A PUBLIC RELATIONS COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
2
Employees

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

2024
2023
Number
Number
Total
3
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 January 2024
3,571
6,439
10,010
Additions
629
4,206
4,835
At 31 December 2024
4,200
10,645
14,845
Depreciation and impairment
At 1 January 2024
2,007
3,947
5,954
Depreciation charged in the year
461
2,582
3,043
At 31 December 2024
2,468
6,529
8,997
Carrying amount
At 31 December 2024
1,732
4,116
5,848
At 31 December 2023
1,564
2,492
4,056
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
36,561
26,346
Other debtors
81,126
49,823
117,687
76,169
INK MEDIA A PUBLIC RELATIONS COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
15,456
15,455
Taxation and social security
77,145
73,894
Other creditors
24,305
4,001
116,906
93,350
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,156
20,616
7
Financial commitments, guarantees and contingent liabilities

During the year ended 31 December 2020 the company borrowed £85,000 from its bankers as part of the Coronavirus Business Interruption Loan scheme. As part of this loan scheme the UK government has guaranteed the advance and will pay the interest and fees due for the first 12 months. As at the balance sheet date the balance outstanding on this loan was £20,612.

8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
4,485
14,246
9
Directors' transactions

At 31 December 2024 the directors owed the company £80,047 (2023 : 48,728) by way of an interest free loan. The loan is repayable on demand.

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