Marketing by Us Limited - Period Ending 2017-09-30

Registration number: 09209040

Marketing by Us Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2017

MJH Accountants Limited
129 Woodplumpton Road
Fulwood
Preston
Lancashire
PR2 3LF

Marketing by Us Limited

Contents

Company Information	1
Accountants' Report	2
Statement of Comprehensive Income	3
Balance Sheet	4
Statement of Changes in Equity	5
Notes to the Financial Statements	6 to 12

Marketing by Us Limited

Company Information

Director

Mr Benjamin Jack Searle

Registered office

38 King Alfred Way Great Denham Bedford MK40 4SH

Bankers

Barclays Bank Plc Flitwick Branch 3 Station Road Flitwick Bedfordshire MK45 1JS

Accountants

MJH Accountants Limited 129 Woodplumpton Road Fulwood Preston Lancashire PR2 3LF

Page 1

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Marketing by Us Limited
for the Year Ended 30 September 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Marketing by Us Limited for the year ended 30 September 2017 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member 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
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Marketing by Us Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Marketing by Us Limited and state those matters that we have agreed to state to the Board of Directors of Marketing by Us 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 Marketing by Us Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Marketing by Us Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Marketing by Us Limited. You consider that Marketing by Us 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 Marketing by Us 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.

......................................

MJH Accountants Limited
129 Woodplumpton Road
Fulwood
Preston
Lancashire
PR2 3LF

30 November 2017

Page 2

Marketing by Us Limited

Statement of Comprehensive Income for the Year Ended 30 September 2017

	Note	2017 £	2016 £
Profit for the year		3,125	14,369
Total comprehensive income for the year		3,125	14,369

The notes on pages 6 to 12 form an integral part of these financial statements.

Page 3

Marketing by Us Limited

(Registration number: 09209040)
Balance Sheet as at 30 September 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	619	416
Current assets
Debtors	5	6,346	16,669
Cash at bank and in hand		20,964	18,250
		27,310	34,919
Creditors: Amounts falling due within one year	6	(23,641)	(24,213)
Net current assets		3,669	10,706
Total assets less current liabilities		4,288	11,122
Provisions for liabilities		(124)	(83)
Net assets		4,164	11,039
Capital and reserves
Called up share capital		100	100
Profit and loss account		4,064	10,939
Total equity		4,164	11,039

For the financial year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 30 November 2017
 

.........................................

Mr Benjamin Jack Searle

Director

The notes on pages 6 to 12 form an integral part of these financial statements.

Page 4

Marketing by Us Limited

Statement of Changes in Equity for the Year Ended 30 September 2017

	Share capital £	Profit and loss account £	Total £
At 1 October 2016	100	10,939	11,039
Profit for the year	-	3,125	3,125
Total comprehensive income	-	3,125	3,125
Dividends	-	(10,000)	(10,000)
At 30 September 2017	100	4,064	4,164

	Share capital £	Profit and loss account £	Total £
At 1 October 2015	100	6,570	6,670
Profit for the year	-	14,369	14,369
Total comprehensive income	-	14,369	14,369
Dividends	-	(10,000)	(10,000)
At 30 September 2016	100	10,939	11,039

The notes on pages 6 to 12 form an integral part of these financial statements.

Page 5

Marketing by Us Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
38 King Alfred Way
Great Denham
Bedford
MK40 4SH

These financial statements were authorised for issue by the director on 30 November 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33.3% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Page 6

Marketing by Us Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2016 - 1).

Page 7

Marketing by Us Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2016	599	599
Additions	455	455
At 30 September 2017	1,054	1,054
Depreciation
At 1 October 2016	183	183
Charge for the year	252	252
At 30 September 2017	435	435
Carrying amount
At 30 September 2017	619	619
At 30 September 2016	416	416

5

Debtors

	2017 £	2016 £
Trade debtors	6,301	9,605
Other debtors	45	7,064
Total current trade and other debtors	6,346	16,669

6

Creditors

	Note	2017 £	2016 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	19,066	16,979
Taxation and social security		2,902	3,281
Other creditors		1,673	3,953
		23,641	24,213

Page 8

Marketing by Us Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

7

Dividends

	2017	2016
	£	£

The director is proposing a final dividend of £Nil (2016 - £Nil) per share totalling £Nil (2016 - £Nil). This dividend has not been accrued in the Balance Sheet.

8	Related party transactions

Transactions with directors

2017	At 1 October 2016 £	Advances to directors £	Repayments by director £	At 30 September 2017 £
Mr Benjamin Jack Searle
Directors loan account	16,980	(10,934)	13,020	19,066

2016	At 1 October 2015 £	Advances to directors £	Repayments by director £	At 30 September 2016 £
Mr Benjamin Jack Searle
Directors loan account	10,047	(4,467)	11,400	16,980

Directors' remuneration

The directors' remuneration for the year was as follows:

	2017 £	2016 £
Remuneration	8,100	9,266
Compensation for loss of office	6,000	-
	14,100	9,266

In respect of the highest paid director:

	2017 £	2016 £
Remuneration	8,100	9,266

Page 9

Marketing by Us Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

9	Transition to FRS 102

These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A for small entities. The transition to FRS 102 Section 1A for small entities has resulted in a small number of changes in accounting policies to those used previously.

Balance Sheet at 1 October 2015
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Fixed assets
Tangible assets		277	-	-	277
Current assets
Debtors		8,949	-	-	8,949
Cash at bank and in hand		14,816	-	-	14,816
		23,765	-	-	23,765
Creditors: Amounts falling due within one year		(17,317)	-	-	(17,317)
Net current assets		6,448	-	-	6,448
Total assets less current liabilities		6,725	-	-	6,725
Provisions for liabilities		(55)	-	-	(55)
Net assets		6,670	-	-	6,670
Capital and reserves
Called up share capital		(100)	-	-	(100)
Profit and loss account		(6,570)	-	-	(6,570)
Total equity		(6,670)	-	-	(6,670)

Page 10

Marketing by Us Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

Balance Sheet at 30 September 2016
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Fixed assets
Tangible assets		416	-	-	416
Current assets
Debtors		16,669	-	-	16,669
Cash at bank and in hand		18,250	-	-	18,250
		34,919	-	-	34,919
Creditors: Amounts falling due within one year		(24,213)	-	-	(24,213)
Net current assets		10,706	-	-	10,706
Total assets less current liabilities		11,122	-	-	11,122
Provisions for liabilities		(83)	-	-	(83)
Net assets		11,039	-	-	11,039
Capital and reserves
Called up share capital		(100)	-	-	(100)
Profit and loss account		(10,939)	-	-	(10,939)
Total equity		(11,039)	-	-	(11,039)

Page 11

Marketing by Us Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

Profit and Loss Account for the year ended 30 September 2016
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Turnover		45,647	-	-	45,647
Cost of sales		(7,988)	-	-	(7,988)
Gross profit		37,659	-	-	37,659
Administrative expenses		(19,862)	-	-	(19,862)
Other operating income		164	-	-	164
Operating profit		17,961	-	-	17,961
Profit before tax		17,961	-	-	17,961
Taxation		(3,592)	-	-	(3,592)
Profit for the financial year		14,369	-	-	14,369

Page 12