Advanced Marketing (NI) Ltd,Ltd - AccountsLtd - Accounts

Advanced Marketing (NI) Ltd,Ltd - AccountsLtd - Accounts

ADVANCED MARKETING (NI) LTD - Company Information

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2017-01-01 NI063084 2017-12-31 NI063084 2017-01-01 2017-12-31 NI063084 2016-12-31 NI063084 2016-01-01 2016-12-31 NI063084 uk-core:WithinOneYear 2016-12-31 NI063084 uk-core:WithinOneYear 2017-12-31 NI063084 uk-core:ShareCapital 2017-12-31 NI063084 uk-core:ShareCapital 2016-12-31 NI063084 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 NI063084 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 NI063084 uk-bus:Director1 2017-01-01 2017-12-31 NI063084 uk-core:NetGoodwill 2017-01-01 2017-12-31 NI063084 uk-core:ToolsEquipment 2017-01-01 2017-12-31 NI063084 uk-core:Goodwill 2016-12-31 NI063084 uk-core:Goodwill 2017-12-31 NI063084 uk-core:Goodwill 2017-01-01 2017-12-31 iso4217:GBP NI063084 uk-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 NI063084 uk-bus:FRS102 2017-01-01 2017-12-31 NI063084 uk-bus:FullAccounts 2017-01-01 2017-12-31 NI063084 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31
Advanced Marketing (NI) Ltd
Registered Number:NI063084
For the year ended 31 December 2017
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 December 2017
Advanced Marketing (NI) Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 December 2017
Advanced Marketing (NI) Ltd
Statement of Financial Position
Registered Number :
NI063084
£
£
2016
2017
Notes
Fixed assets
Intangible assets
-
45,833
2
Property, plant and equipment
13,666
9,208
3
13,666
55,041
Current assets
Inventories
475,055
433,715
4
Trade and other receivables
1,031,264
999,162
5
680,318
Cash and cash equivalents
429,809
1,862,686
2,186,637
Trade and other payables: amounts falling due within one
year
(1,579,401)
(1,209,161)
6
607,236
653,525
Net current assets
Total assets less current liabilities
667,191
662,277
(2,597)
(1,750)
Provisions for liabilities
664,594
Net assets
660,527
Capital and reserves
Called up share capital
2
2
Retained earnings
664,592
660,525
664,594
660,527
Shareholders' funds
For the year ended 31 December 2017 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 2017 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
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4
For the year ended 31 December 2017
Advanced Marketing (NI) Ltd
Statement of Financial Position Continued
David Vance Director
These financial statements were approved and authorised for issue by the Board on 09 April 2018 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 December 2017
Advanced Marketing (NI) Ltd
Notes to the Financial Statements
Statutory Information
Advanced Marketing (NI) Ltd is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI063084.
Registered address:
Unit 5
Blaris Industrial Estate
Altona Road
Lisburn
BT27 5QB
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 as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 5 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Straight line
Office equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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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6
For the year ended 31 December 2017
Advanced Marketing (NI) Ltd
Notes to the Financial Statements Continued
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2017
275,000
At 31 December 2017
275,000
Amortisation
At 01 January 2017
229,167
45,833
Charge for year
At 31 December 2017
275,000
Net book value
At 31 December 2017
-
At 31 December 2016
45,833
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7
For the year ended 31 December 2017
Advanced Marketing (NI) Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Office
equipment
£
Cost or
valuation
At 01 January 2017
19,988
9,534
Additions
Disposals
(774)
At 31 December 2017
28,748
Provision for depreciation and impairment
At 01 January 2017
10,780
Charge for year
4,790
(488)
On disposal
At 31 December 2017
15,082
At 31 December 2017
Net book value
13,666
At 31 December 2016
9,208
4. Inventories
2016
2017
£
£
Stocks
433,715
475,055
5. Trade and other receivables
2016
2017
£
£
Trade debtors
974,781
1,013,818
Other debtors
24,381
17,446
1,031,264
999,162
6. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
825,625
948,369
Taxation and social security
77,256
61,004
Other creditors
306,280
570,028
1,209,161
1,579,401
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