Company Registration No. 02288361 (England and Wales)
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Unaudited accounts
for the year ended 30 September 2022
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Unaudited accounts
Contents
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Company Information
for the year ended 30 September 2022
Company Number
02288361 (England and Wales)
Registered Office
LITTLE CRIOL FARM BUSINESS CENTRE
BETHERSDEN ROAD
SHADOXHURST
KENT
TN26 1LL
Accountants
NW BOOK-KEEPING & ACCOUNTANCY LTD
SUITE 27, RIVERSIDE HOUSE
RIVER LAWN ROAD
TONBRIDGE
KENT
TN9 1EP
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Statement of financial position
as at 30 September 2022
Intangible assets
12,900
25,800
Tangible assets
24,555
27,443
Cash at bank and in hand
5
10
Creditors: amounts falling due within one year
(76,751)
(68,102)
Net current liabilities
(31,977)
(39,233)
Total assets less current liabilities
5,478
14,010
Creditors: amounts falling due after more than one year
(60,290)
(70,167)
Net liabilities
(54,812)
(56,157)
Called up share capital
100
100
Profit and loss account
(54,912)
(56,257)
Shareholders' funds
(54,812)
(56,157)
For the year ending 30 September 2022 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 28 June 2023 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 2022
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 2022
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 30 September 2022
129,000
Charge for the year
12,900
At 30 September 2022
116,100
At 30 September 2022
12,900
At 30 September 2021
25,800
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2022
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 2021
421
107,268
45,167
13,202
166,058
Additions
739
-
2,874
2,524
6,137
At 30 September 2022
1,160
107,268
48,041
15,726
172,195
At 1 October 2021
234
92,970
34,245
11,166
138,615
Charge for the year
87
3,575
3,592
1,771
9,025
At 30 September 2022
321
96,545
37,837
12,937
147,640
At 30 September 2022
839
10,723
10,204
2,789
24,555
At 30 September 2021
187
14,298
10,922
2,036
27,443
Amounts falling due within one year
Trade debtors
21,960
8,373
Deferred tax asset
7,964
7,467
Accrued income and prepayments
7,470
5,644
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
12,061
14,259
Obligations under finance leases and hire purchase contracts
1,050
-
Trade creditors
18,874
27,022
Taxes and social security
19,548
15,043
Other creditors
20,425
11,237
Loans from directors
(34,593)
(20,455)
8
Creditors: amounts falling due after more than one year
2022
2021
INTERACTION MARKETING & PUBLIC RELATIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2022
9
Deferred taxation
2022
2021
Accelerated capital allowances
(8,461)
(7,467)
Tax losses carried forward
833
-
Other deferred taxation
(336)
-
Provision at start of year
(7,467)
(7,344)
Credited to the profit and loss account
(497)
(123)
Provision at end of year
(7,964)
(7,467)
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 (2021: 2).