The Marketing Innovation Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06963849 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

The Marketing Innovation Group Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

39,150

52,200

39,150

52,200

CURRENT ASSETS

Debtors

6

60,485

60,678

Cash at bank

16

388

60,501

61,066

CREDITORS

Amounts falling due within one year

7

(13,588

)

(13,540

)

NET CURRENT ASSETS

46,913

47,526

TOTAL ASSETS LESS CURRENT LIABILITIES

86,063

99,726

CREDITORS

Amounts falling due after more than one year

8

(25,040

)

(37,560

)

NET ASSETS

61,023

62,166

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

61,022

62,165

SHAREHOLDERS' FUNDS

61,023

62,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2021 and were signed by:

Mr R W Bielby - Director

1.	STATUTORY INFORMATION

The Marketing Innovation Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06963849

Registered office:

The Customer Farming Centre

P O Box 427

Knutsford

Cheshire

WA16 1EH

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised when the company obtains the right to consideration.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

45,000

AMORTISATION

At 1 April 2019

and 31 March 2020

45,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2019

9,299

69,600

21,347

100,246

Disposals

(9,299

)

-

(21,347

)

(30,646

)

At 31 March 2020

-

69,600

-

69,600

DEPRECIATION

At 1 April 2019

9,299

17,400

21,347

48,046

Charge for year

-

13,050

-

13,050

Eliminated on disposal

(9,299

)

-

(21,347

)

(30,646

)

At 31 March 2020

-

30,450

-

30,450

NET BOOK VALUE

At 31 March 2020

-

39,150

-

39,150

At 31 March 2019

-

52,200

-

52,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

60,485

60,678

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

12,520

12,520

Other creditors

1,068

1,020

13,588

13,540

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

25,040

37,560

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.20

31.3.19

£

£

Hire purchase contracts

37,560

50,080

Hire purchase creditors are secured on the asset to which they relate.