UK Letterbox Marketing Limited
(trading as National Letterbox Marketing Limited)
Unaudited Financial Statements
For the year ended 30 September 2024
Pages for Filing with Registrar
Company Registration No. 02407774 (England and Wales)
UK Letterbox Marketing Limited
(trading as National Letterbox Marketing Limited)
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
UK Letterbox Marketing Limited
(trading as National Letterbox Marketing Limited)
Balance Sheet
As at 30 September 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
236,703
1,408,840
Cash at bank and in hand
20,037
236,703
1,428,877
Creditors: amounts falling due within one year
5
(1,192,174)
Net current assets
236,703
236,703
Capital and reserves
Called up share capital
6
70
70
Capital redemption reserve
30
30
Profit and loss reserves
236,603
236,603
Total equity
236,703
236,703
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 30 September 2024 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary 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 19 May 2025 and are signed on its behalf by:
R E Elliot
Director
Company Registration No. 02407774
UK Letterbox Marketing Limited
(trading as National Letterbox Marketing Limited)
Notes to the Financial Statements
For the year ended 30 September 2024
Page 2
1
Accounting policies
Company information
UK Letterbox Marketing Limited is a private company limited by shares incorporated in England and Wales. The registered office is 47 Great Marlborough Street, London, W1F 7JP.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of 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 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. The principal accounting policies adopted are set out below.
1.2
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors of the parent company, Media Concierge (Holdings) Limited, have prepared a cash flow forecast for a period of 12 months from the date of approval of these financial statements which indicates that the group and company will have sufficient funds to meet liabilities as they fall due for that period. The cash flow forecast has assessed the impacts of other external factors and has concluded that there is no significant impact to the going concern status of the company. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for 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.
1.4
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.
1.5
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.6
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.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
UK Letterbox Marketing Limited
(trading as National Letterbox Marketing Limited)
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
1
Accounting policies
(Continued)
Page 3
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
3
Dividends
2024
2023
£
£
Interim paid
25,000
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
665,772
Amounts owed by group undertakings
236,703
743,068
236,703
1,408,840
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
136,582
Corporation tax
24,118
Other taxation and social security
368,564
Accruals and deferred income
662,910
-
1,192,174
UK Letterbox Marketing Limited
(trading as National Letterbox Marketing Limited)
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
Page 4
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
70
70
70
70
7
Financial commitments, guarantees and contingent liabilities
The bank overdraft facilities are secured by way of a fixed and floating charge and a composite accounting agreement between all group companies with a bank account. An unlimited cross guarantee in respect of these companies has been given to the bank. The total outstanding liability for the group in respect of the overdraft facility is £nil (2023: £nil).
8
Related party transactions
The company has taken advantage of the exemption available under paragraph 33.1A of the Financial Reporting Standard 102 not to disclose transactions with any wholly owned members of the group.
9
Parent company
The immediate and ultimate parent company is Media Concierge (Holdings) Limited, a company incorporated in England and Wales.
The smallest and largest entity preparing consolidated accounts is Media Concierge (Holdings) Limited. The consolidated group accounts are available from 47 Great Marlborough Street, London, W1F 7JP.
The ultimate controlling party is M C Denmark by virtue of his shareholding in Media Concierge (Holdings) Limited.
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.