Interflex Marketing Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02050455 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

INTERFLEX MARKETING ASSOCIATES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N R W Preston

J W Senior

SECRETARY:

N R W Preston

REGISTERED OFFICE:

Springwood Booths Park

Chelford Road

Knutsford

Cheshire

WA16 8GS

REGISTERED NUMBER:

02050455 (England and Wales)

AUDITORS:

Walker Begley Limited

Chartered Accountants and Statutory Auditors

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

FIXED ASSETS

Tangible assets

4

140,563

117,693

CURRENT ASSETS

Debtors

882,294

860,639

Cash at bank

936,263

889,825

1,818,557

1,750,464

CREDITORS

Amounts falling due within one year

180,977

219,758

NET CURRENT ASSETS

1,637,580

1,530,706

TOTAL ASSETS LESS CURRENT LIABILITIES

1,778,143

1,648,399

PROVISIONS FOR LIABILITIES

24,774

10,773

NET ASSETS

1,753,369

1,637,626

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,753,269

1,637,526

SHAREHOLDERS' FUNDS

1,753,369

1,637,626

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2021 and were signed on its behalf by:

N R W Preston - Director

1.	STATUTORY INFORMATION

Interflex Marketing Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

In light of COVID-19 and the impact on the economy, we have considered how this affects the company performance and cashflow moving forward.

Although the company experienced a downturn in turnover and profitability in quarter two of the year, the second six months saw levels return to previous and the company has recorded increased profits on a reduced turnover. As directors, we have exercised caution and continue to do so as we move into 2021, with controls over costs and cashflow. Based on our current evaluation, we believe the company to be a going concern and the accounts are prepared on that basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2020

248,365

Additions

122,700

Disposals

(137,258

)

At 31 December 2020

233,807

DEPRECIATION

At 1 January 2020

130,672

Charge for year

43,965

Eliminated on disposal

(81,393

)

At 31 December 2020

93,244

NET BOOK VALUE

At 31 December 2020

140,563

At 31 December 2019

117,693

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Begley (Senior Statutory Auditor)

for and on behalf of Walker Begley Limited

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Antalux SA, a company registered in Luxembourg.