Company Registration No. 02288361 (England and Wales)
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Unaudited accounts
for the year ended 30 September 2021
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Unaudited accounts
Contents
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Company Information
for the year ended 30 September 2021
Company Number
02288361 (England and Wales)
Registered Office
LITTLE CRIOL FARM BUSINESS CENTRE
BETHERSDEN ROAD
SHADOXHURST
KENT
TN26 1LL
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Statement of financial position
as at
30 September 2021
Intangible assets
25,800
38,700
Tangible assets
27,443
34,140
Cash at bank and in hand
10
5,663
Creditors: amounts falling due within one year
(68,102)
(126,952)
Net current liabilities
(39,233)
(65,025)
Total assets less current liabilities
14,010
7,815
Creditors: amounts falling due after more than one year
(70,167)
(50,096)
Net liabilities
(56,157)
(42,281)
Called up share capital
100
100
Capital redemption reserve
(56,257)
(42,381)
Shareholders' funds
(56,157)
(42,281)
For the year ending 30 September 2021 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 her 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 20 September 2022 and were signed on its behalf by
Karen ROWE
Director
Company Registration No. 02288361
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2021
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02288361. The registered office is LITTLE CRIOL FARM BUSINESS CENTRE, BETHERSDEN ROAD, SHADOXHURST, KENT, TN26 1LL.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
15% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2021
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The accounts have been prepareed on a going concern basis. Having been through a difficult time with the Coronavirus having an impact on the income of the business, the director has supported the business through this trying time, and will continue to do so if required.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The following secured debts are included within creditors:
2021 2020
Bank overdraft £14,259 £12,572
Bank Loans £69,838 £58,876
£84,097 £71,448
4
Intangible fixed assets
Goodwill
At 1 October 2020
129,000
At 30 September 2021
129,000
Charge for the year
12,900
At 30 September 2021
103,200
At 30 September 2021
25,800
At 30 September 2020
38,700
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2021
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2020
421
107,268
42,269
13,202
163,160
Additions
-
-
2,898
-
2,898
At 30 September 2021
421
107,268
45,167
13,202
166,058
At 1 October 2020
201
88,204
30,128
10,487
129,020
Charge for the year
33
4,766
4,117
679
9,595
At 30 September 2021
234
92,970
34,245
11,166
138,615
At 30 September 2021
187
14,298
10,922
2,036
27,443
At 30 September 2020
220
19,064
12,141
2,715
34,140
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
8,373
34,421
Deferred tax asset
7,467
7,344
Accrued income and prepayments
5,644
7,124
Other debtors
7,375
7,375
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
14,259
21,352
Trade creditors
27,022
31,516
Taxes and social security
15,043
2,331
Other creditors
11,237
15,888
Loans from directors
(20,455)
33,098
8
Creditors: amounts falling due after more than one year
2021
2020
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2021
9
Deferred taxation
2021
2020
Accelerated capital allowances
(7,467)
(7,344)
Provision at start of year
(7,344)
-
Credited to the profit and loss account
(123)
(7,344)
Provision at end of year
(7,467)
(7,344)
10
Share capital
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 2 (2020: 2).