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REGISTERED NUMBER: 07035450 (England and Wales)















Promotos Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Promotos Limited (Registered number: 07035450)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Promotos Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J Jenkins
L Jenkins





SECRETARY: J Jenkins





REGISTERED OFFICE: C9 Duffryn Business Park
Alder Avenue
Ystrad Mynach
Mid Glamorgan
CF82 7TW





REGISTERED NUMBER: 07035450 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Promotos Limited (Registered number: 07035450)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,559 202,291

CURRENT ASSETS
Debtors 5 217,061 211,569
Cash at bank 171,599 129,132
388,660 340,701
CREDITORS
Amounts falling due within one year 6 129,040 127,037
NET CURRENT ASSETS 259,620 213,664
TOTAL ASSETS LESS CURRENT LIABILITIES 439,179 415,955

CREDITORS
Amounts falling due after more than one year 7 (55,120 ) (92,289 )

PROVISIONS FOR LIABILITIES (26,032 ) (29,572 )
NET ASSETS 358,027 294,094

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 357,927 293,994
SHAREHOLDERS' FUNDS 358,027 294,094

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Promotos Limited (Registered number: 07035450)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





J Jenkins - Director


Promotos Limited (Registered number: 07035450)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Promotos 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, relating to amusement and recreation activities, is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Promotos Limited (Registered number: 07035450)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 70,659 334,705 405,364
Additions 1,313 63,417 64,730
Disposals - (738 ) (738 )
At 31 March 2023 71,972 397,384 469,356
DEPRECIATION
At 1 April 2022 36,609 166,464 203,073
Charge for year 11,462 75,677 87,139
Eliminated on disposal - (415 ) (415 )
At 31 March 2023 48,071 241,726 289,797
NET BOOK VALUE
At 31 March 2023 23,901 155,658 179,559
At 31 March 2022 34,050 168,241 202,291

Promotos Limited (Registered number: 07035450)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 140,888
Additions 26,000
Disposals (738 )
Transfer to ownership (19,262 )
At 31 March 2023 146,888
DEPRECIATION
At 1 April 2022 62,652
Charge for year 35,891
Eliminated on disposal (415 )
Transfer to ownership (17,853 )
At 31 March 2023 80,275
NET BOOK VALUE
At 31 March 2023 66,613
At 31 March 2022 78,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 121,022 87,000
Other debtors 96,039 124,569
217,061 211,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 39,179 29,640
Trade creditors - 661
Taxation and social security 76,793 83,888
Other creditors 2,420 2,200
129,040 127,037

Promotos Limited (Registered number: 07035450)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 21,707 30,478
Hire purchase contracts 27,413 52,743
Other creditors 6,000 9,068
55,120 92,289

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 32,355 41,126
Hire purchase contracts 66,592 82,383
98,947 123,509

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
J Jenkins and L Jenkins
Balance outstanding at start of year 36,824 8,816
Amounts advanced 26,315 28,008
Amounts repaid (51,884 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,255 36,824