Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09092321 Mr Gareth Creed-Newton Mrs Jenny Creed-Newton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09092321 2023-03-31 09092321 2024-03-31 09092321 2023-04-01 2024-03-31 09092321 frs-core:CurrentFinancialInstruments 2024-03-31 09092321 frs-core:ComputerEquipment 2024-03-31 09092321 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09092321 frs-core:ComputerEquipment 2023-03-31 09092321 frs-core:FurnitureFittings 2024-03-31 09092321 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09092321 frs-core:FurnitureFittings 2023-03-31 09092321 frs-core:ShareCapital 2024-03-31 09092321 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09092321 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09092321 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09092321 frs-bus:SmallEntities 2023-04-01 2024-03-31 09092321 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09092321 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09092321 frs-bus:Director1 2023-04-01 2024-03-31 09092321 frs-bus:Director1 2023-03-31 09092321 frs-bus:Director1 2024-03-31 09092321 frs-bus:Director2 2023-04-01 2024-03-31 09092321 frs-core:CurrentFinancialInstruments 5 2024-03-31 09092321 frs-countries:EnglandWales 2023-04-01 2024-03-31 09092321 2022-03-31 09092321 2023-03-31 09092321 2022-04-01 2023-03-31 09092321 frs-core:CurrentFinancialInstruments 2023-03-31 09092321 frs-core:ShareCapital 2023-03-31 09092321 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 09092321 frs-core:CurrentFinancialInstruments 5 2023-03-31
Registered number: 09092321
POPROMO LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09092321
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,971 2,230
1,971 2,230
CURRENT ASSETS
Debtors 5 59,335 133,427
Cash at bank and in hand 218,024 230,023
277,359 363,450
Creditors: Amounts Falling Due Within One Year 6 (5,767 ) (44,544 )
NET CURRENT ASSETS (LIABILITIES) 271,592 318,906
TOTAL ASSETS LESS CURRENT LIABILITIES 273,563 321,136
PROVISIONS FOR LIABILITIES
Deferred Taxation (493 ) (424 )
NET ASSETS 273,070 320,712
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 272,970 320,612
SHAREHOLDERS' FUNDS 273,070 320,712
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For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gareth Creed-Newton
Director
8th November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
POPROMO LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09092321 . The registered office is Eastwood, Ledbury, Herefordshire, HR8 2RP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line
Computer Equipment 33% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 1 2
1 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 3,684 10,158 13,842
Additions - 965 965
As at 31 March 2024 3,684 11,123 14,807
Depreciation
As at 1 April 2023 2,033 9,579 11,612
Provided during the period 668 556 1,224
As at 31 March 2024 2,701 10,135 12,836
...CONTINUED
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Net Book Value
As at 31 March 2024 983 988 1,971
As at 1 April 2023 1,651 579 2,230
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 21,106 112,804
Prepayments and accrued income 2,372 2,372
Other debtors 537 18,251
Credit note provision (1,968 ) -
VAT 9,941 -
Directors' loan accounts 27,347 -
59,335 133,427
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,038 32,204
Bank loans and overdrafts - 265
Corporation tax 729 2,323
VAT - 9,752
5,767 44,544
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Gareth Creed-Newton 18,251 63,418 (54,322 ) - 27,347
The above loan is unsecured, interest free and repayable on demand.
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