1 November 2022 false No description of principal activity Taxfiler 2023.14 08719564business:PrivateLimitedCompanyLtd2022-11-012023-10-31 087195642022-10-31 087195642022-11-012023-10-31 08719564business:AuditExemptWithAccountantsReport2022-11-012023-10-31 08719564business:FilletedAccounts2022-11-012023-10-31 087195642023-10-31 08719564business:Director12022-11-012023-10-31 08719564business:RegisteredOffice2022-11-012023-10-31 087195642022-10-31 08719564core:WithinOneYear2023-10-31 08719564core:WithinOneYear2022-10-31 08719564core:AfterOneYear2023-10-31 08719564core:AfterOneYear2022-10-31 08719564core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 08719564core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 08719564core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 08719564core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 08719564core:PreviouslyStatedAmount2023-10-31 08719564core:PreviouslyStatedAmount2022-10-31 08719564business:SmallEntities2022-11-012023-10-31 08719564countries:EnglandWales2022-11-012023-10-31 08719564core:PlantMachinery2022-11-012023-10-31 08719564core:PlantMachinery2022-10-31 08719564core:PlantMachinery2023-10-31 08719564business:OrdinaryShareClass12022-11-012023-10-31 08719564business:OrdinaryShareClass12021-11-012022-10-31 087195642021-11-012022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08719564 (England and Wales)
PROPAGANDA SPORTS LTD Unaudited accounts for the year ended 31 October 2023
PROPAGANDA SPORTS LTD Unaudited accounts Contents
Page
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PROPAGANDA SPORTS LTD Company Information for the year ended 31 October 2023
Director
Paul Wilson
Company Number
08719564 (England and Wales)
Registered Office
THE LOFT 18 MULCASTER KIDLINGTON OXFORD OXON OX5 2HG
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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PROPAGANDA SPORTS LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,392 
1,856 
Current assets
Debtors
31 
- 
Cash at bank and in hand
2,415 
13,075 
2,446 
13,075 
Creditors: amounts falling due within one year
(118,322)
(111,224)
Net current liabilities
(115,876)
(98,149)
Total assets less current liabilities
(114,484)
(96,293)
Creditors: amounts falling due after more than one year
(6,942)
(8,865)
Net liabilities
(121,426)
(105,158)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(122,426)
(106,158)
Shareholders' funds
(121,426)
(105,158)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2024 and were signed on its behalf by
Paul Wilson Director Company Registration No. 08719564
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PROPAGANDA SPORTS LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
PROPAGANDA SPORTS LTD is a private company, limited by shares, registered in England and Wales, registration number 08719564. The registered office is THE LOFT 18 MULCASTER, KIDLINGTON, OXFORD, OXON, OX5 2HG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
2,475 
At 31 October 2023
2,475 
Depreciation
At 1 November 2022
619 
Charge for the year
464 
At 31 October 2023
1,083 
Net book value
At 31 October 2023
1,392 
At 31 October 2022
1,856 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
31 
- 
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PROPAGANDA SPORTS LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
6 
Trade creditors
576 
470 
Loans from directors
117,746 
110,748 
118,322 
111,224 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
6,942 
8,865 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Transactions with related parties
During the year, the company received a loan of £117,746 from a member of key management personnel. The loan is to be repaid on demand and interest-free. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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