The Marketing Innovation Group Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06963849 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

The Marketing Innovation Group Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

16,516

22,022

16,516

22,022

CURRENT ASSETS

Debtors

6

35,767

35,790

CREDITORS

Amounts falling due within one year

7

(930

)

(940

)

NET CURRENT ASSETS

34,837

34,850

TOTAL ASSETS LESS CURRENT LIABILITIES

51,353

56,872

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

51,352

56,871

SHAREHOLDERS' FUNDS

51,353

56,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 20 December 2023 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 measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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.

Motor vehicles

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

45,000

AMORTISATION

At 1 April 2022

and 31 March 2023

45,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2022

and 31 March 2023

69,600

DEPRECIATION

At 1 April 2022

47,578

Charge for year

5,506

At 31 March 2023

53,084

NET BOOK VALUE

At 31 March 2023

16,516

At 31 March 2022

22,022

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

35,767

35,790

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other creditors

930

940