The Marketing Centre (International) Limited,Ltd - AccountsLtd - Accounts

The Marketing Centre (International) Limited,Ltd - AccountsLtd - Accounts

THE MARKETING CENTRE (INTERNATIONAL) LIMITED - Company Information

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2020-01-01 03066632 2020-12-31 03066632 2020-01-01 2020-12-31 03066632 uk-bus:RegisteredOffice 2020-01-01 2020-12-31 03066632 uk-bus:Director1 2020-01-01 2020-12-31 03066632 uk-bus:Director1 2020-12-31 03066632 uk-bus:Director2 2020-01-01 2020-12-31 03066632 uk-bus:Director2 2020-12-31 03066632 2019-12-31 03066632 2019-01-01 2019-12-31 03066632 uk-core:WithinOneYear 2019-12-31 03066632 uk-core:WithinOneYear 2020-12-31 03066632 uk-core:ShareCapital 2020-12-31 03066632 uk-core:ShareCapital 2019-12-31 03066632 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 03066632 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 03066632 uk-core:OtherMiscellaneousReserve 2020-12-31 03066632 uk-core:ToolsEquipment 2020-01-01 2020-12-31 03066632 uk-core:FurnitureFittings 2020-01-01 2020-12-31 03066632 uk-core:ToolsEquipment 2019-12-31 03066632 uk-core:FurnitureFittings 2019-12-31 03066632 uk-core:FurnitureFittings 2020-12-31 03066632 uk-core:ToolsEquipment 2020-12-31 03066632 uk-core:WithinOneYear 2020-01-01 2020-12-31 03066632 3 uk-bus:Director2 2020-01-01 2020-12-31 03066632 3 uk-bus:Director2 2020-12-31 03066632 3 uk-bus:Director2 2019-12-31 iso4217:GBP xbrli:pure 03066632 uk-bus:AuditExemptWithAccountantsReport 2020-01-01 2020-12-31 03066632 uk-bus:FRS102 2020-01-01 2020-12-31 03066632 uk-bus:FullAccounts 2020-01-01 2020-12-31 03066632 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
The Marketing Centre (International) Limited
Registered Number:03066632
For the year ended 31 December 2020
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 December 2020
The Marketing Centre (International) Limited
Contents Page
Company Information
1
2
Directors' Report
3
Chartered Accountants' Report
4
Income Statement
5
Statement of Financial Position
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Notes to the Financial Statements
3
For the year ended 31 December 2020
The Marketing Centre (International) Limited
Company Information
C Jones
Directors
Mrs K L Gibson
Mrs K L Gibson
Company Secretary
03066632
Registered Number
Pilgrim House
Registered Office
Oxford Place
Plymouth
Devon
PL1 5AJ
Turnbull & Co Accountants Limited
Accountants
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
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For the year ended 31 December 2020
The Marketing Centre (International) Limited
Directors' Report
The directors present their report and accounts for the year ended 31 December 2020.
Principal activities
The principal activity of the company continued to be that of marketing and database services. Directors Responsibilities Company law requires the directors to prepare financial statements for each financial year which give a true and fair view. In preparing those financial statements, the directors are required to: Select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable; State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is not appropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records, for safeguarding the assets of the company, and for taking reasonable steps for the prevention and detection of fraud and other irregularitites.
Directors
The directors who served the company throughout the year were as follows:
C Jones
Mrs K L Gibson
Mrs K L Gibson
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
15 July 2021
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For the year ended 31 December 2020
The Marketing Centre (International) Limited
Chartered Accountants' Report
Chartered Accountants' report to the Directors on the preparation of the unaudited statutory accounts of The
Marketing Centre (International) Limited for the year ended 31 December 2020
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts
of The Marketing Centre (International) Limited for the year ended 31 December 2020 which comprise the Income
Statement, the Statement of Financial Position and the related notes from the company's accounting records and from
information and explanations you have given us.
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its
ethical and other professional requirements which are detailed at
icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of The Marketing Centre (International) Limited, as a body, in
accordance with the terms of our engagement letter dated 12 July 2021. Our work has been undertaken solely to
prepare for your approval the accounts of The Marketing Centre (International) Limited and state those matters that
we have agreed to state to the Board of Directors of The Marketing Centre (International) Limited, as a body, in this
report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than The Marketing Centre (International) Limited and its Board of
Directors as a body for our work or for this report.
It is your duty to ensure that The Marketing Centre (International) Limited has kept adequate accounting records to
prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The
Marketing Centre (International) Limited. You consider that The Marketing Centre (International) Limited is exempt
from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Marketing Centre (International)
Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information
and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Turnbull & Co Accountants Limited
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
Date:
23 July 2021
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For the year ended 31 December 2020
The Marketing Centre (International) Limited
Income Statement
2019
£
2020
£
Turnover
48,002
48,976
(5,662)
Cost of sales
(5,206)
43,314
Gross profit
42,796
Administrative expenses
(26,371)
(25,266)
Other operating income
10,096
-
Operating profit
26,521
18,048
26,521
18,048
Profit before taxation
(5,043)
(3,429)
Taxation
21,478
Profit for the financial year
14,619
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Registered Number :
03066632
As at 31 December 2020
The Marketing Centre (International) Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
316
421
2
316
421
Current assets
Trade and other receivables
6,281
7,107
3
32,654
Cash and cash equivalents
39,567
46,674
38,935
Trade and other payables: amounts falling due within one
year
(5,930)
(8,150)
4
33,005
38,524
Net current assets
Total assets less current liabilities
38,840
33,426
(60)
(80)
Provisions for liabilities
38,780
Net assets
33,346
Capital and reserves
Called up share capital
40
40
Retained earnings
38,680
33,246
Other reserves
60
60
38,780
33,346
Shareholders' funds
For the year ended 31 December 2020 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 of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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 in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs K L Gibson
These financial statements were approved and authorised for issue by the Board on 15 July 2021 and were signed by:
The notes form part of these financial statements
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For the year ended 31 December 2020
The Marketing Centre (International) Limited
Notes to the Financial Statements
Statutory Information
The Marketing Centre (International) Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 03066632.
Principal place of business:
12 Mary Seacole Road
The Miillfileds
Plymouth
Devon
PL1 3JY
Registered address:
Pilgrim House
Oxford Place
Plymouth
Devon
PL1 5AJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
35% Straight line
Computer equipment
25% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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For the year ended 31 December 2020
The Marketing Centre (International) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 January 2020
13,893
8,525
5,368
At 31 December 2020
5,368
8,525
13,893
Provision for depreciation and impairment
At 01 January 2020
13,472
8,525
4,947
Charge for year
105
-
105
At 31 December 2020
13,577
8,525
5,052
At 31 December 2020
Net book value
316
-
316
At 31 December 2019
421
-
421
3. Trade and other receivables
2019
2020
£
£
Trade debtors
5,568
4,650
Other debtors
1,539
1,631
6,281
7,107
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Taxation and social security
7,191
4,971
Other creditors
959
959
8,150
5,930
Included within taxation and social security is corporation tax of £5,059 (2019: £3,494).
5. Related party transactions
Dividends of £16,044 were paid to the shareholder in the year.
The company is under the effective control of its shareholder.
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For the year ended 31 December 2020
The Marketing Centre (International) Limited
Notes to the Financial Statements Continued
6. Directors advances and guarantees
At 01/01/2020
Loaned
Repaid
At 31/12/2020
£
£
£
£
Mrs K L Gibson
Loan to director
(125)
(162)
167
130
(125)
(162)
167
130
7. Guarantees and other financial commitments
Lease commitments
At 31 December 2020 the company had annual commitments under non-cancellable operating leases as set out
below:
2019
£
2020
£
Operating leases which expire:
559
550
Within 1 year
559
550
Under FRS 102, the figures represent the full amount payable for the whole period of the lease remaining at 31
December 2020.
8. Average number of persons employed
During the year the average number of employees was 2 (2019 : 2)
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