IRIS Accounts Production v24.1.0.578 04181628 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041816282022-07-31041816282023-07-31041816282022-08-012023-07-31041816282021-07-31041816282021-08-012022-07-31041816282022-07-3104181628ns15:EnglandWales2022-08-012023-07-3104181628ns14:PoundSterling2022-08-012023-07-3104181628ns10:Director12022-08-012023-07-3104181628ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3104181628ns10:SmallEntities2022-08-012023-07-3104181628ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3104181628ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3104181628ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3104181628ns10:FullAccounts2022-08-012023-07-3104181628ns10:Director22022-08-012023-07-3104181628ns10:RegisteredOffice2022-08-012023-07-3104181628ns5:CurrentFinancialInstruments2023-07-3104181628ns5:CurrentFinancialInstruments2022-07-3104181628ns5:ShareCapital2023-07-3104181628ns5:ShareCapital2022-07-3104181628ns5:RetainedEarningsAccumulatedLosses2023-07-3104181628ns5:RetainedEarningsAccumulatedLosses2022-07-3104181628ns5:PlantMachinery2022-08-012023-07-3104181628ns5:ComputerEquipment2022-08-012023-07-3104181628ns5:PlantMachinery2022-07-3104181628ns5:ComputerEquipment2022-07-3104181628ns5:PlantMachinery2023-07-3104181628ns5:ComputerEquipment2023-07-3104181628ns5:PlantMachinery2022-07-3104181628ns5:ComputerEquipment2022-07-3104181628ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3104181628ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 04181628 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

PROMOTING EXCELLENCE LTD

PROMOTING EXCELLENCE LTD (REGISTERED NUMBER: 04181628)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROMOTING EXCELLENCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: P S Rushton
L Rushton





REGISTERED OFFICE: 126 Shevington Lane
Shevington
Wigan
Lancashire
WN6 8BJ





REGISTERED NUMBER: 04181628 (England and Wales)





ACCOUNTANTS: C A Hunter Limited
Britannia Chambers
26 George Street
St Helens
Merseyside
WA10 1BZ

PROMOTING EXCELLENCE LTD (REGISTERED NUMBER: 04181628)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 543 757

CURRENT ASSETS
Debtors 5 3,643 3,264
Cash at bank 63,906 54,986
67,549 58,250
CREDITORS
Amounts falling due within one year 6 22,285 24,683
NET CURRENT ASSETS 45,264 33,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,807

34,324

PROVISIONS FOR LIABILITIES 103 144
NET ASSETS 45,704 34,180

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 45,664 34,140
SHAREHOLDERS' FUNDS 45,704 34,180

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

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

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

PROMOTING EXCELLENCE LTD (REGISTERED NUMBER: 04181628)

BALANCE SHEET - continued
31 JULY 2023



The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





P S Rushton - Director


PROMOTING EXCELLENCE LTD (REGISTERED NUMBER: 04181628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Promoting Excellence Ltd 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. 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 represents net invoiced sales of services, excluding value added tax.

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 - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

PROMOTING EXCELLENCE LTD (REGISTERED NUMBER: 04181628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2022 1,420 9,907 11,327
Disposals (280 ) - (280 )
At 31 July 2023 1,140 9,907 11,047
DEPRECIATION
At 1 August 2022 1,380 9,190 10,570
Charge for year 40 174 214
Eliminated on disposal (280 ) - (280 )
At 31 July 2023 1,140 9,364 10,504
NET BOOK VALUE
At 31 July 2023 - 543 543
At 31 July 2022 40 717 757

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 3,643 3,264

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 1,119 4,252
Tax 5,595 6,154
Social security and other taxes 100 100
Directors' current accounts 8,814 6,257
Deferred income 3,500 6,000
Accrued expenses 3,157 1,920
22,285 24,683