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REGISTERED NUMBER: 07135758 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2023

for

PROMOTER FRIENDLY AGENCY LIMITED

PROMOTER FRIENDLY AGENCY LIMITED (REGISTERED NUMBER: 07135758)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROMOTER FRIENDLY AGENCY LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2023







Directors: Mr S L Halliwell
Mr E R Halliwell





Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ





Registered number: 07135758 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

PROMOTER FRIENDLY AGENCY LIMITED (REGISTERED NUMBER: 07135758)

Balance Sheet
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 74,246 3,778
74,246 3,778

CURRENT ASSETS
Debtors 6 98,400 106,849
Cash at bank and in hand 884,585 373,610
982,985 480,459
CREDITORS
Amounts falling due within one year 7 851,414 448,783
NET CURRENT ASSETS 131,571 31,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,817

35,454

CREDITORS
Amounts falling due after more than one year 8 (81,652 ) (34,709 )

PROVISIONS FOR LIABILITIES 9 (14,107 ) -
NET ASSETS 110,058 745

CAPITAL AND RESERVES
Called up share capital 10 120 120
Retained earnings 109,938 625
SHAREHOLDERS' FUNDS 110,058 745

PROMOTER FRIENDLY AGENCY LIMITED (REGISTERED NUMBER: 07135758)

Balance Sheet - continued
31 JANUARY 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





Mr S L Halliwell - Director


PROMOTER FRIENDLY AGENCY LIMITED (REGISTERED NUMBER: 07135758)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Promoter Friendly Agency Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents
Patents are valued at cost less accumulated amortisation.
Amortisation is calculated to write off the cost in equal instalments over their estimated useful life of 10 years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

PROMOTER FRIENDLY AGENCY LIMITED (REGISTERED NUMBER: 07135758)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 February 2022
and 31 January 2023 1,710
AMORTISATION
At 1 February 2022
and 31 January 2023 1,710
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022 4,526 - 4,526
Additions 4,219 68,203 72,422
At 31 January 2023 8,745 68,203 76,948
DEPRECIATION
At 1 February 2022 748 - 748
Charge for year 817 1,137 1,954
At 31 January 2023 1,565 1,137 2,702
NET BOOK VALUE
At 31 January 2023 7,180 67,066 74,246
At 31 January 2022 3,778 - 3,778

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 59,587 39,263
Amounts owed by participating interests - 4,000
Other debtors 38,813 63,586
98,400 106,849

PROMOTER FRIENDLY AGENCY LIMITED (REGISTERED NUMBER: 07135758)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 9,599 9,686
Hire purchase contracts 4,559 -
Trade creditors 10,221 34,563
Taxation and social security 21,492 34,470
Other creditors 805,543 370,064
851,414 448,783

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 24,797 34,709
Hire purchase contracts 56,855 -
81,652 34,709

9. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 14,107 -

Deferred
tax
£   
Utilised during year 14,107
Balance at 31 January 2023 14,107

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
40 Ordinary A £1 40 40
40 Ordinary B £1 40 40
40 Ordinary C £1 40 40
120 120

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mr S L Halliwell
Balance outstanding at start of year 3,288 3,343
Amounts advanced 464 465
Amounts repaid (6,010 ) (520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,258 ) 3,288

PROMOTER FRIENDLY AGENCY LIMITED (REGISTERED NUMBER: 07135758)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Halliwell, Mr EL Halliwell and Mr B Almond.