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REGISTERED NUMBER: 03663568 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

The Promotion Company (Hull) Limited

The Promotion Company (Hull) Limited (Registered number: 03663568)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Promotion Company (Hull) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: R M Oldroyd
Mrs A M Oldroyd





SECRETARY: R M Oldroyd





REGISTERED OFFICE: 44 Northgate
Walkington
East Yorkshire
HU17 8ST





REGISTERED NUMBER: 03663568 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

The Promotion Company (Hull) Limited (Registered number: 03663568)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,278 3,539

CURRENT ASSETS
Stocks and work in progress 5 16,643 9,730
Debtors 6 72,478 105,231
Cash at bank and in hand 55,909 58,887
145,030 173,848
CREDITORS
Amounts falling due within one year 7 104,286 123,435
NET CURRENT ASSETS 40,744 50,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,022

53,952

CREDITORS
Amounts falling due after more than one
year

8

(6,818

)

(11,364

)

PROVISIONS FOR LIABILITIES (1,517 ) (806 )
NET ASSETS 38,687 41,782

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 37,687 40,782
38,687 41,782

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Promotion Company (Hull) Limited (Registered number: 03663568)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




R M Oldroyd - Director



Mrs A M Oldroyd - Director


The Promotion Company (Hull) Limited (Registered number: 03663568)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

The Promotion Company (Hull) 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. 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.

Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

Print Services
The company produces and sells promotional merchandise, branded clothing and workwear, digital and litho print, and signage and displays. The company works for individuals and businesses located regionally, nationally and internationally. Revenue is recognised by the company as outlined above. Payment of invoices are due within 30 days of the invoice date.

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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress to their present location and condition.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.


The Promotion Company (Hull) Limited (Registered number: 03663568)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 35,882 9,225 23,807 68,914
Additions 2,590 2,240 - 4,830
At 30 November 2023 38,472 11,465 23,807 73,744
DEPRECIATION
At 1 December 2022 34,665 8,780 21,930 65,375
Charge for year 885 509 697 2,091
At 30 November 2023 35,550 9,289 22,627 67,466
NET BOOK VALUE
At 30 November 2023 2,922 2,176 1,180 6,278
At 30 November 2022 1,217 445 1,877 3,539

The Promotion Company (Hull) Limited (Registered number: 03663568)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. STOCKS AND WORK IN PROGRESS
2023 2022
£    £   
Stocks 5,500 4,000
Work-in-progress 11,143 5,730
16,643 9,730

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 66,785 57,766
Amounts owed by participating interests - 47,465
Other debtors 5,693 -
72,478 105,231

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,546 4,546
Trade creditors 55,138 57,055
Amounts owed to participating interests 12,000 -
Taxation and social security 26,572 26,670
Other creditors 6,030 35,164
104,286 123,435

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 6,818 11,364

9. RELATED PARTY DISCLOSURES

The company is jointly controlled by Mr R M Oldroyd and Mrs A M Oldroyd who both hold 50% of the shares in the company.

During the year under review, the company has paid rent of £5,000 to Mr R M Oldroyd and Mrs A M Oldroyd, directors and shareholders of the company, for use of freehold property by the company, which is jointly owned by them.