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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2017-01-01 03066632 2017-12-31 03066632 2017-01-01 2017-12-31 03066632 uk-bus:RegisteredOffice 2017-01-01 2017-12-31 03066632 uk-bus:Director1 2017-01-01 2017-12-31 03066632 uk-bus:Director1 2017-12-31 03066632 uk-bus:Director2 2017-01-01 2017-12-31 03066632 uk-bus:Director2 2017-12-31 03066632 2016-12-31 03066632 2016-01-01 2016-12-31 03066632 uk-core:WithinOneYear 2016-12-31 03066632 uk-core:WithinOneYear 2017-12-31 03066632 uk-core:ShareCapital 2017-12-31 03066632 uk-core:ShareCapital 2016-12-31 03066632 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 03066632 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 03066632 uk-core:OtherMiscellaneousReserve 2017-12-31 03066632 uk-core:ToolsEquipment 2017-01-01 2017-12-31 03066632 uk-core:FurnitureFittings 2017-01-01 2017-12-31 03066632 uk-core:ToolsEquipment 2016-12-31 03066632 uk-core:FurnitureFittings 2016-12-31 03066632 uk-core:FurnitureFittings 2017-12-31 03066632 uk-core:ToolsEquipment 2017-12-31 03066632 uk-core:WithinOneYear 2017-01-01 2017-12-31 03066632 3 uk-bus:Director2 2017-01-01 2017-12-31 03066632 3 uk-bus:Director2 2017-12-31 03066632 3 uk-bus:Director2 2016-12-31 iso4217:GBP 03066632 uk-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 03066632 uk-bus:FRS102 2017-01-01 2017-12-31 03066632 uk-bus:FullAccounts 2017-01-01 2017-12-31 03066632 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31
The Marketing Centre (International) Limited
Registered Number:03066632
For the year ended 31 December 2017
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 December 2017
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
6 to 8
Notes to the Financial Statements
3
For the year ended 31 December 2017
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 2017
The Marketing Centre (International) Limited
Directors' Report
The director presents his report and accounts for the year ended 31 December 2017.
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 director who served the company throughout the year was 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:
18 May 2018
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For the year ended 31 December 2017
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 2017
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 2017 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 14 April 2016. 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:
22 May 2018
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For the year ended 31 December 2017
The Marketing Centre (International) Limited
Income Statement
2016
£
2017
£
Turnover
62,696
79,738
(17,944)
Cost of sales
(2,804)
61,794
Gross profit
59,892
Administrative expenses
(29,799)
(25,965)
Operating profit
30,093
35,829
Other interest receivable and similar income
2
-
30,095
35,829
Profit before taxation
(5,787)
(7,166)
Taxation
24,308
Profit for the financial year
28,663
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7
As at 31 December 2017
The Marketing Centre (International) Limited
Statement of Financial Position
Registered Number :
03066632
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
703
564
2
703
564
Current assets
Trade and other receivables
18,753
15,120
3
23,402
Cash and cash equivalents
31,807
46,927
42,155
Trade and other payables: amounts falling due within one
year
(13,632)
(10,399)
4
28,523
36,528
Net current assets
Total assets less current liabilities
37,231
29,087
(134)
(113)
Provisions for liabilities
37,097
Net assets
28,974
Capital and reserves
Called up share capital
40
40
Retained earnings
36,997
28,874
Other reserves
60
60
37,097
28,974
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 director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.
Mrs K L Gibson
These financial statements were approved and authorised for issue by the Board on 18 May 2018 and were signed by:
The notes form part of these financial statements
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For the year ended 31 December 2017
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.
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% Straight line
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.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 January 2017
12,462
7,844
4,618
681
681
-
Additions
At 31 December 2017
4,618
8,525
13,143
Provision for depreciation and impairment
At 01 January 2017
11,898
7,280
4,618
Charge for year
542
542
-
At 31 December 2017
12,440
7,822
4,618
At 31 December 2017
Net book value
-
703
703
At 31 December 2016
-
564
564
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For the year ended 31 December 2017
The Marketing Centre (International) Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
2017
£
£
Trade debtors
13,420
17,142
Other debtors
1,700
1,611
18,753
15,120
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
-
2,120
Taxation and social security
9,145
10,397
Other creditors
1,254
1,115
10,399
13,632
Included within taxation and social security is corporation tax of £5,764 (2016: £7,087).
5. Related party transactions
A dividend of £16,186 was paid to each of the directors in the year.
The company is under the effective control of Mrs K L Gibson.
6. Directors advances and guarantees
At 01/01/2017
Loaned
Repaid
At 31/12/2017
£
£
£
£
Mrs K L Gibson
Loan from director
65
85
90
110
65
85
90
110
7. Guarantees and other financial commitments
Lease commitments
At 31 December 2017 the company had annual commitments under non-cancellable operating leases as set out
below:
2016
£
2017
£
Operating leases which expire:
526
521
Within 1 year
526
521
Under FRS 102, the figure represents the full amount payable for the whole period of the lease remaining at 31
December 2017.
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For the year ended 31 December 2017
The Marketing Centre (International) Limited
Notes to the Financial Statements Continued
8. Average number of persons employed
During the year the average number of employees was 2 (2016 : 2)
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