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REGISTERED NUMBER: 11398671















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

NW PROMOTIONS LIMITED

NW PROMOTIONS LIMITED (REGISTERED NUMBER: 11398671)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NW PROMOTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr Nile Wilson





REGISTERED OFFICE: 8 Mallory Place
Bowerhill
Melksham
SN12 6YB





REGISTERED NUMBER: 11398671





ACCOUNTANTS: Ad Valorem Audit Services Limited
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN

NW PROMOTIONS LIMITED (REGISTERED NUMBER: 11398671)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,711 5,302
Investments 6 32,606 31,986
37,317 37,288

CURRENT ASSETS
Debtors 7 285,346 220,078
Cash at bank 4,325 48,558
289,671 268,636
CREDITORS
Amounts falling due within one year 8 54,771 55,961
NET CURRENT ASSETS 234,900 212,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,217

249,963

PROVISIONS FOR LIABILITIES 1,177 1,007
NET ASSETS 271,040 248,956

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 270,940 248,856
271,040 248,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

NW PROMOTIONS LIMITED (REGISTERED NUMBER: 11398671)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 17 April 2024 and were signed by:





Mr Nile Wilson - Director


NW PROMOTIONS LIMITED (REGISTERED NUMBER: 11398671)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

NW Promotions Limited is a private company, limited by shares , registered in Not specified/Other. 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.

TURNOVER
Turnover 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.
Computer equipment - 20% 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
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 1 (2022 - 1 ) .

NW PROMOTIONS LIMITED (REGISTERED NUMBER: 11398671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. INTANGIBLE FIXED ASSETS
Development
costs
£
COST
At 1 July 2022
and 30 June 2023 5,000
AMORTISATION
At 1 July 2022
and 30 June 2023 5,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 July 2022 8,220
Additions 1,089
At 30 June 2023 9,309
DEPRECIATION
At 1 July 2022 2,918
Charge for year 1,680
At 30 June 2023 4,598
NET BOOK VALUE
At 30 June 2023 4,711
At 30 June 2022 5,302

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£ £
Other investments 32,606 31,986

7. DEBTORS
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 85,089 33,636
Other debtors 188,257 174,442
273,346 208,078

NW PROMOTIONS LIMITED (REGISTERED NUMBER: 11398671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. DEBTORS - continued
2023 2022
£ £
Amounts falling due after more than one year:
Other debtors 12,000 12,000

Aggregate amounts 285,346 220,078

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 26,403 2,439
Taxation and social security 27,963 52,680
Other creditors 405 842
54,771 55,961

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividend totalling £NIL (2022: £81,790) were paid in the year in respect of shares held by the company's directors.

At the balance sheet date, the director owed the company £141,316 (2022: £91,074). This loan in interest free and has no fixed date for repayment.

10. RELATED PARTY DISCLOSURES

Nile Wilson Gymnastics Limited is a related party by virtue of common directorship and shareholding.

At the balance sheet date Nile Wilson Gymnastics Limited owed NW Promotions Limited £90,484.89 (2022: £62,985). The loan is interest free with no fixed date for repayment.