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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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PCT MARKETING LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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FOR |
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PCT MARKETING LTD |
PCT MARKETING LTD (REGISTERED NUMBER: 08403825) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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PCT MARKETING LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Counting House |
High Street |
Lutterworth |
Leicestershire |
LE17 4AY |
PCT MARKETING LTD (REGISTERED NUMBER: 08403825) |
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BALANCE SHEET |
31 MARCH 2019 |
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2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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PCT MARKETING LTD (REGISTERED NUMBER: 08403825) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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1. | STATUTORY INFORMATION |
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PCT Marketing Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Critical accounting judgements and key sources of estimation uncertainty |
In the application of the Company's accounting policies, the directors are required to make judgements, estimates |
and assumptions about the carrying values of assets and liabilities that are not readily apparent from other |
sources. The estimates and underlying assumptions are based on historical experience and other factors that are |
considered relevant, Actual results may differ from these estimates. |
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Turnover |
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the |
ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts. |
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The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future |
economic benefits will flow to the entity and specific criteria have been met for each of the company's activities |
The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale |
have been resolved. The company bases its estimates on historical results, taking into consideration the type of |
customer, the type of transaction and the specifics of each arrangement. |
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Financial instruments |
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Financial assets |
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of |
receivables is established where there is objective evidence that the company will not be able to collect all |
amounts due according to the original terms of payment. Receivables are considered for impairment on a case by |
case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable. |
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Financial liabilities |
The company's financial liabilities include trade and other payables, which are measured at amortised cost using |
the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the |
contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in |
which they are incurred. |
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Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid |
investments with original maturities of three months or less, and bank overdrafts. |
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PCT MARKETING LTD (REGISTERED NUMBER: 08403825) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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3. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Directors' current accounts | 10,415 | - |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Tax |
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Social security and other taxes |
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Other creditors |
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Directors' current accounts | - | 1,845 |
Accrued expenses |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 1 | 1 |
PCT MARKETING LTD (REGISTERED NUMBER: 08403825) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 April 2018 |
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Profit for the year |
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Dividends | ( |
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At 31 March 2019 |
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9. | RELATED PARTY DISCLOSURES |
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As at 31 March 2019, there was an amount due by the director, Mr P C Thomas, of £10,415 (2018 £1,845 due to |
the director). which is included within debtors on the balance sheet.The balance was repaid in full after the year |
end. |
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10. | ULTIMATE CONTROLLING PARTY |
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The controlling party is P C Thomas. |