Registered number
05521516
Adrenalin Promotions Ltd
Unaudited Filleted Accounts
31 May 2023
Adrenalin Promotions Ltd
Registered number: 05521516
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 303 505
Current assets
Debtors 4 741 -
Cash at bank and in hand 8,159 7,905
8,900 7,905
Creditors: amounts falling due within one year 5 (6,160) (1,903)
Net current assets 2,740 6,002
Total assets less current liabilities 3,043 6,507
Creditors: amounts falling due after more than one year 6 (4,717) (6,735)
Net liabilities (1,674) (228)
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,675) (229)
Shareholder's funds (1,674) (228)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Woodward
Director
Approved by the board on 12 January 2024
Adrenalin Promotions Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 5,115
At 31 May 2023 5,115
Depreciation
At 1 June 2022 4,610
Charge for the year 202
At 31 May 2023 4,812
Net book value
At 31 May 2023 303
At 31 May 2022 505
4 Debtors 2023 2022
£ £
Other debtors 741 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,600 1,231
Trade creditors 750 750
Taxation and social security costs 1,094 635
Other creditors 2,716 (713)
6,160 1,903
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 4,717 6,735
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J Woodward
Non interest bearing repayable on demand - 741 - 741
- 741 - 741
8 Other information
Adrenalin Promotions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
19 Steene Grove
Northfield
Birmingham
B31 5QH
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