Company Registration No. 08902364 (England and Wales)
258 Marketing Limited
Unaudited accounts
for the year ended 28 February 2017
258 Marketing Limited
Unaudited accounts
Contents
258 Marketing Limited
Company Information
for the year ended 28 February 2017
Company Number
08902364 (England and Wales)
Registered Office
Suite 301, Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS
Accountants
Platts
Churchill House Suite 301
120 Bunns Lane
Mill Hill
London
NW7 2AS
258 Marketing Limited
Statement of financial position
as at
28 February 2017
Cash at bank and in hand
1,604,869
543,250
Creditors: amounts falling due within one year
(480,082)
(119,962)
Net current assets
1,543,779
423,288
Net assets
1,545,324
440,166
Called up share capital
1
1
Profit and loss account
1,545,323
440,165
Shareholders' funds
1,545,324
440,166
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 7 October 2017.
Mr A O O Joshua
Director
Company Registration No. 08902364
258 Marketing Limited
Notes to the Accounts
for the year ended 28 February 2017
258 Marketing Limited is a private company, limited by shares, registered in England and Wales, registration number 08902364. The principal place of business is 11 Calico Row, Plantation Wharf, Battersea, London, SW11 3YH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
10 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investments in shares are measured at cost less impairment.
4
Investments
Other investments
Valuation at 1 March 2016
16,878
Fair value adjustments
(15,333)
Valuation at 28 February 2017
1,545
Amounts due from group undertakings etc.
301
-
258 Marketing Limited
Notes to the Accounts
for the year ended 28 February 2017
6
Investments held as current assets
2017
2016
Unlisted investments
131,841
-
7
Creditors: amounts falling due within one year
2017
2016
Amounts owed to group undertakings and other participating interests
11,458
4,776
Taxes and social security
337,037
111,890
Loans from directors
121,864
2,396
8
Transactions with related parties
As detailed in the Director's Report, the Director owns the entire issued ordinary share capital of the company.
9
Average number of employees
During the year the average number of employees was 3 (2016: 3).
10
Reconciliations on adoption of FRS 102
The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.