Company registration number 08399480 (England and Wales)
PROMOBOUND LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
PROMOBOUND LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PROMOBOUND LTD (REGISTERED NUMBER: 08399480)
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
983
277
Current assets
Stocks
11,849
10,340
Debtors
4
36,657
39,606
Cash at bank and in hand
15,034
638
63,540
50,584
Creditors: amounts falling due within one year
5
(49,405)
(29,627)
Net current assets
14,135
20,957
Total assets less current liabilities
15,118
21,234
Creditors: amounts falling due after more than one year
6
(17,361)
(20,539)
Provisions for liabilities
(69)
(76)
Net (liabilities)/assets
(2,312)
619
Capital and reserves
Called up share capital
130
130
Profit and loss reserves
(2,442)
489
Total equity
(2,312)
619

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

PROMOBOUND LTD (REGISTERED NUMBER: 08399480)
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2023
28 February 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 28 November 2023
Mr N Claydon
Director
PROMOBOUND LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
1
Accounting policies
Company information

Promobound Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2, Second Floor North, The Fitted Rigging House, Anchor Wharf, The Historic Dockyard, Chatham, Kent, ME4 4TZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet 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. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% on cost
Computer equipment
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PROMOBOUND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 4 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 March 2022
685
2,455
3,140
Additions
524
448
972
At 28 February 2023
1,209
2,903
4,112
Depreciation and impairment
At 1 March 2022
685
2,178
2,863
Depreciation charged in the year
98
168
266
At 28 February 2023
783
2,346
3,129
Carrying amount
At 28 February 2023
426
557
983
At 28 February 2022
-
0
277
277
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
4,527
19,878
Other debtors
32,130
19,728
36,657
39,606
PROMOBOUND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
2,778
2,378
Trade creditors
21,693
12,943
Taxation and social security
2,864
3,229
Other creditors
22,070
11,077
49,405
29,627
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
17,361
20,539
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