CORONATION PROMOTIONS LIMITED

Company Registration Number:
02536726 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 January 2023

End date: 31 March 2024

CORONATION PROMOTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

CORONATION PROMOTIONS LIMITED

Balance sheet

As at 31 March 2024


Notes

15 months to 31 March 2024

2022


£

£
Fixed assets
Tangible assets: 3 11,295 7,297
Total fixed assets: 11,295 7,297
Current assets
Stocks: 22,367 22,216
Debtors:   109,638 156,450
Cash at bank and in hand: 60,747 149,804
Total current assets: 192,752 328,470
Creditors: amounts falling due within one year:   (60,366) (180,146)
Net current assets (liabilities): 132,386 148,324
Total assets less current liabilities: 143,681 155,621
Creditors: amounts falling due after more than one year: 4 (17,556) (30,419)
Provision for liabilities: (2,055) (1,275)
Total net assets (liabilities): 124,070 123,927
Capital and reserves
Called up share capital: 750 750
Other reserves: 250 250
Profit and loss account: 123,070 122,927
Shareholders funds: 124,070 123,927

The notes form part of these financial statements

CORONATION PROMOTIONS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 September 2024
and signed on behalf of the board by:

Name: Mrs R C Porter
Status: Director

The notes form part of these financial statements

CORONATION PROMOTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment 10% on a straight line basis Fixtures and fittings 10% on a straight line basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Valuation and information policy

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss

CORONATION PROMOTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

15 months to 31 March 2024 2022
Average number of employees during the period 7 10

CORONATION PROMOTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 January 2023 93,959
Additions 8,364
At 31 March 2024 102,323
Depreciation
At 01 January 2023 86,662
Charge for year 4,366
At 31 March 2024 91,028
Net book value
At 31 March 2024 11,295
At 31 December 2022 7,297

CORONATION PROMOTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due after more than one year note

During the year ended 31 December 2021, the company took out a bank loan of £50,000. The loan is unsecured and repayable over a period of six years.