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REGISTERED NUMBER: 05171079 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ACUMEN PROMOTIONS LIMITED

ACUMEN PROMOTIONS LIMITED (REGISTERED NUMBER: 05171079)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ACUMEN PROMOTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: Mrs L K Bradbury





SECRETARY: Mrs J M Bailey





REGISTERED OFFICE: Unit 10
Mayfield Avenue Ind. Park
Weyhill
Andover
Hampshire
SP11 8HU





REGISTERED NUMBER: 05171079 (England and Wales)





ACCOUNTANTS: Evans & Co
Manchester House
High Street
Stalbridge
Sturminster Newton
Dorset
DT10 2LL

ACUMEN PROMOTIONS LIMITED (REGISTERED NUMBER: 05171079)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1,500 3,000
Tangible assets 6 14,326 15,030
15,826 18,030

CURRENT ASSETS
Stocks 22,558 23,853
Debtors 62,689 110,118
Cash at bank and in hand 68,895 20,566
154,142 154,537
CREDITORS
Amounts falling due within one year 122,028 144,741
NET CURRENT ASSETS 32,114 9,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,940

27,826

CREDITORS
Amounts falling due after more than one
year

(5,862

)

(14,500

)

PROVISIONS FOR LIABILITIES (2,585 ) (2,623 )
NET ASSETS 39,493 10,703

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 29,493 703
SHAREHOLDERS' FUNDS 39,493 10,703

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ACUMEN PROMOTIONS LIMITED (REGISTERED NUMBER: 05171079)

ABRIDGED BALANCE SHEET - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 March 2024 and were signed by:





Mrs L K Bradbury - Director


ACUMEN PROMOTIONS LIMITED (REGISTERED NUMBER: 05171079)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Acumen Promotions 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

ACUMEN PROMOTIONS LIMITED (REGISTERED NUMBER: 05171079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023 27,000
Amortisation for year 1,500
At 31 December 2023 28,500
NET BOOK VALUE

At 31 December 2023 1,500
At 31 December 2022 3,000

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 88,380
Additions 3,813
Disposals (4,392 )
At 31 December 2023 87,801
DEPRECIATION
At 1 January 2023 73,350
Charge for year 2,528
Eliminated on disposal (2,403 )
At 31 December 2023 73,475
NET BOOK VALUE
At 31 December 2023 14,326
At 31 December 2022 15,030