Flint Public Relations Limited
Flint Public Relations Limited
Registered number: 06860278
Unaudited Financial Statements
For The Year Ended 31 March 2019
Chaddesley Sanford
3rd Floor
3 Fitzhardinge Street
London
W1H 6EF
Flint Public Relations Limited
Unaudited Financial Statements
For The Year Ended 31 March 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Flint Public Relations Limited
Balance Sheet
As at
31 March 2019
Balance Sheet
Registered number:
06860278
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 5 |
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| Investments | 6 |
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| CURRENT ASSETS | |||||
| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 10 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 118,994 | 167,056 | |||
Page 1
Flint Public Relations Limited
Balance Sheet (continued)
As at
31 March 2019
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
Flint Public Relations Limited
Notes to the Financial Statements
For The Year Ended 31 March 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
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| Computer Equipment |
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1.4.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 18 (2018 - 16).
Page 3
Flint Public Relations Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2019
5.
Tangible Assets
| Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at |
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| Additions |
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| Disposals |
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| As at |
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| Depreciation | |||
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| Provided during the period |
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| Disposals |
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| As at |
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| Net Book Value | |||
| As at |
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6.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at |
73,518 |
| As at |
73,518 |
| Provision | |
| As at |
- |
| As at |
- |
| Net Book Value | |
| As at |
73,518 |
| As at |
73,518 |
At the balance sheet date, the company holds 14,999 shares, 99.99% of the paid up capital in Flint Public Relations Private Limited, a company incorporated in India. To date, there has been no dividend income arising from the investment, and the investment is held at cost.
Page 4
Flint Public Relations Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2019
7.
Debtors
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors | 62,818 | 32,427 | |
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| Due after more than one year | |||
| Other debtors | - | 24,871 | |
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8.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Other creditors | 14,939 | 86,334 | |
| Taxation and social security | 47,814 | 66,473 | |
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9.
Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured and contain fixed and floating charges.
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 42,964 | - |
Page 5
Flint Public Relations Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2019
11.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | Amounts written off | As at |
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| £ | £ | £ | £ | £ | |
| Mr Oliver Balston |
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| Mr Digby Halsby |
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The above loans are unsecured, interest free and repayable on demand.
12.
Related Party Transactions
During the year, total dividends of £63,000 (2018 - £63,000) were paid to the directors.
13.
Controlling Party
The company's controlling party is D L S Halsby and O P Balston by virtue of their ownership of 50% of the issued share capital in the company.
Page 6