Good Promotional Practice Ltd 07213805 false 2024-05-01 2024-09-13 2024-09-13 The principal activity of the company is compliance and training in marketing for pharmaceutical companies. Digita Accounts Production Advanced 6.30.9574.0 true 07213805 2024-05-01 2024-09-13 07213805 2024-09-13 07213805 core:CurrentFinancialInstruments 2024-09-13 07213805 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-13 07213805 core:OfficeEquipment 2024-09-13 07213805 bus:SmallEntities 2024-05-01 2024-09-13 07213805 bus:AuditExemptWithAccountantsReport 2024-05-01 2024-09-13 07213805 bus:FilletedAccounts 2024-05-01 2024-09-13 07213805 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2024-09-13 07213805 bus:RegisteredOffice 2024-05-01 2024-09-13 07213805 bus:Director1 2024-05-01 2024-09-13 07213805 bus:PrivateLimitedCompanyLtd 2024-05-01 2024-09-13 07213805 core:OfficeEquipment 2024-05-01 2024-09-13 07213805 countries:EnglandWales 2024-05-01 2024-09-13 07213805 2024-04-30 07213805 core:OfficeEquipment 2024-04-30 07213805 2023-05-01 2024-04-30 07213805 2024-04-30 07213805 core:CurrentFinancialInstruments 2024-04-30 07213805 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 07213805 core:OfficeEquipment 2024-04-30 iso4217:GBP xbrli:pure

Registration number: 07213805

Good Promotional Practice Ltd

Unaudited Filleted Financial Statements

for the Period from 1 May 2024 to 13 September 2024

 

Good Promotional Practice Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Good Promotional Practice Ltd

(Registration number: 07213805)
Balance Sheet as at 13 September 2024

Note

2024
£

2024
£

Fixed assets

 

Tangible assets

4

866

1,015

Current assets

 

Debtors

5

7,224

-

Cash at bank and in hand

 

145,537

149,537

 

152,761

149,537

Creditors: Amounts falling due within one year

6

(26,146)

(24,603)

Net current assets

 

126,615

124,934

Net assets

 

127,481

125,949

Capital and reserves

 

Called up share capital

2

2

Retained earnings

127,479

125,947

Shareholders' funds

 

127,481

125,949

For the financial period ending 13 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 October 2024
 

.........................................
Ms J P Marshall
Director

 

Good Promotional Practice Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 13 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Church Cottages
Church Road
Newdigate
Surrey
RH5 5DL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of compliance and training in marketing for pharmaceutical companies in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Good Promotional Practice Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 13 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

 

Good Promotional Practice Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 13 September 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 May 2024

5,391

5,391

At 13 September 2024

5,391

5,391

Depreciation

At 1 May 2024

4,376

4,376

Charge for the period

149

149

At 13 September 2024

4,525

4,525

Carrying amount

At 13 September 2024

866

866

At 30 April 2024

1,015

1,015

5

Debtors

Current

2024
£

2024
£

Trade debtors

7,224

-

 

7,224

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2024
£

Due within one year

Trade creditors

-

477

Taxation and social security

3,026

3,493

Other creditors

23,120

20,633

26,146

24,603

 

Good Promotional Practice Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 13 September 2024

7

Related party transactions

Other transactions with the director

J P Marshall had loan with the Company. At the balance sheet date the amount owed to J P Marshall was £21,119 (2024: £20,633).