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REGISTERED NUMBER: 07190668 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

GoPromotional Ltd

GoPromotional Ltd (Registered number: 07190668)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GoPromotional Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: G K Parkin





REGISTERED OFFICE: Longfields Court
Wharncliffe Business Park
Barnsley
S71 3GN





REGISTERED NUMBER: 07190668 (England and Wales)





ACCOUNTANTS: Finoptus Consulting Limited
Office 1
Fairfield Business Park
Green Road
Penistone
South Yorkshire
S36 6FQ

GoPromotional Ltd (Registered number: 07190668)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 110,085 133,403
Tangible assets 5 20,594 14,398
130,679 147,801

CURRENT ASSETS
Debtors 6 147,568 127,961
Cash at bank 224,618 102,714
372,186 230,675
CREDITORS
Amounts falling due within one year 7 420,627 434,138
NET CURRENT LIABILITIES (48,441 ) (203,463 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,238

(55,662

)

CREDITORS
Amounts falling due after more than
one year

8

108,548

148,334
NET LIABILITIES (26,310 ) (203,996 )

GoPromotional Ltd (Registered number: 07190668)

Balance Sheet - continued
31 December 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (26,510 ) (204,196 )
(26,310 ) (203,996 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2023 and were signed by:





G K Parkin - Director


GoPromotional Ltd (Registered number: 07190668)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

GoPromotional Ltd 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.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


GoPromotional Ltd (Registered number: 07190668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2022
and 31 December 2022 248,579
AMORTISATION
At 1 January 2022 115,176
Charge for year 23,318
At 31 December 2022 138,494
NET BOOK VALUE
At 31 December 2022 110,085
At 31 December 2021 133,403

GoPromotional Ltd (Registered number: 07190668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 58,434
Additions 16,713
At 31 December 2022 75,147
DEPRECIATION
At 1 January 2022 44,036
Charge for year 10,517
At 31 December 2022 54,553
NET BOOK VALUE
At 31 December 2022 20,594
At 31 December 2021 14,398

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 78,049 101,597
Other debtors 69,519 26,364
147,568 127,961

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 40,392 49,832
Trade creditors 312,859 235,483
Taxation and social security 9,737 15,911
Other creditors 57,639 132,912
420,627 434,138

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 108,548 148,334

GoPromotional Ltd (Registered number: 07190668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
G K Parkin
Balance outstanding at start of year 22,473 18,467
Amounts advanced 6,713 4,006
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,186 22,473