2022-09-012023-08-312023-08-31falseNI024493INSTANT PROMOTION 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INSTANT PROMOTION LIMITED

Registered Number
NI024493
(Northern Ireland)

Unaudited Financial Statements for the Year ended
31 August 2023

INSTANT PROMOTION LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Directors

Josephine Elizabeth Kelly
Patrick Joseph Kelly

Company Secretary

Josephine Elizabeth Kelly

Registered Address

Argyle Arms
Argyle Street
Londonderry
BT48 7JJ

Registered Number

NI024493 (Northern Ireland)
INSTANT PROMOTION LIMITED
Statement of Financial Position
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3844,920844,968
Investments45021,385
844,970866,353
Current assets
Debtors377,430301,430
Cash at bank and on hand720,906723,471
1,098,3361,024,901
Creditors amounts falling due within one year(118,195)(98,922)
Net current assets (liabilities)980,141925,979
Total assets less current liabilities1,825,1111,792,332
Net assets1,825,1111,792,332
Capital and reserves
Called up share capital66
Profit and loss account1,825,1051,792,326
Shareholders' funds1,825,1111,792,332
The financial statements were approved and authorised for issue by the Board of Directors on 30 August 2024, and are signed on its behalf by:
Josephine Elizabeth Kelly
Director
Patrick Joseph Kelly
Director

Registered Company No. NI024493
INSTANT PROMOTION LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Fixtures & Fittings - 15% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 22983,902
At 31 August 23983,902
Depreciation and impairment
At 01 September 22138,935
Charge for year47
At 31 August 23138,982
Net book value
At 31 August 23844,920
At 31 August 22844,968
4.Fixed asset investments

Total

£
Cost or valuation
At 01 September 2221,385
Disposals(21,335)
At 31 August 2350
Net book value
At 31 August 2350
At 31 August 2221,385