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REGISTERED NUMBER: 07190668 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GoPromotional Ltd

GoPromotional Ltd (Registered number: 07190668)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5


GoPromotional Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G K Parkin





REGISTERED OFFICE: Longfields Court
Wharncliffe Business Park
Barnsley
S71 3GN





REGISTERED NUMBER: 07190668 (England and Wales)





ACCOUNTANTS: Finoptus Consulting Limited
Office 1
Fairfield Business Park
Green Road
Penistone
South Yorkshire
S36 6FQ

GoPromotional Ltd (Registered number: 07190668)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 87,243 110,085
Tangible assets 5 83,057 20,594
170,300 130,679

CURRENT ASSETS
Debtors 6 169,261 147,568
Cash at bank 262,273 224,618
431,534 372,186
CREDITORS
Amounts falling due within one
year

7

396,955

420,627
NET CURRENT ASSETS/(LIABILITIES) 34,579 (48,441 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,879

82,238

CREDITORS
Amounts falling due after more
than one year

8

(104,421

)

(108,548

)

PROVISIONS FOR LIABILITIES (16,958 ) -
NET ASSETS/(LIABILITIES) 83,500 (26,310 )

GoPromotional Ltd (Registered number: 07190668)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 83,300 (26,510 )
83,500 (26,310 )

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 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.

GoPromotional Ltd (Registered number: 07190668)

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.

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 3 October 2024 and were signed by:





G K Parkin - Director


GoPromotional Ltd (Registered number: 07190668)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

GoPromotional 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.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

GoPromotional Ltd (Registered number: 07190668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each
asset over its estimated useful life.

Fixtures & Fittings - 20% -50% on cost
Motor Vehicles - 20% on cost
Computer Equipment - 33% 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.

GoPromotional Ltd (Registered number: 07190668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2022 - 8 ) .

GoPromotional Ltd (Registered number: 07190668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023
and 31 December 2023 248,579
AMORTISATION
At 1 January 2023 138,494
Amortisation for year 22,842
At 31 December 2023 161,336
NET BOOK VALUE
At 31 December 2023 87,243
At 31 December 2022 110,085

GoPromotional Ltd (Registered number: 07190668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 9,135 - 66,012 75,147
Additions 2,876 69,534 5,794 78,204
At 31 December 2023 12,011 69,534 71,806 153,351
DEPRECIATION
At 1 January 2023 6,788 - 47,765 54,553
Charge for year 2,408 2,318 11,015 15,741
At 31 December 2023 9,196 2,318 58,780 70,294
NET BOOK VALUE
At 31 December 2023 2,815 67,216 13,026 83,057
At 31 December 2022 2,347 - 18,247 20,594

GoPromotional Ltd (Registered number: 07190668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 69,534
At 31 December 2023 69,534
DEPRECIATION
Charge for year 2,318
At 31 December 2023 2,318
NET BOOK VALUE
At 31 December 2023 67,216

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 111,345 78,049
Other debtors 57,916 69,519
169,261 147,568

GoPromotional Ltd (Registered number: 07190668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,000 40,392
Trade creditors 258,645 312,859
Taxation and social security 28,854 9,737
Other creditors 69,456 57,639
396,955 420,627

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 68,333 108,548
Hire purchase contracts 36,088 -
104,421 108,548

GoPromotional Ltd (Registered number: 07190668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
G K Parkin
Balance outstanding at start of year 29,186 22,473
Amounts advanced 1,129 6,713
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,315 29,186