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REGISTERED NUMBER: 03709577 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Vanguard Promotions Limited

Vanguard Promotions Limited (Registered number: 03709577)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vanguard Promotions Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: P Weatherill
R G Brown





SECRETARY: R G Brown





REGISTERED OFFICE: Unit A
Acorn Industrial Estate
Strawberry Street
Hull
East Yorkshire
HU9 1EN





REGISTERED NUMBER: 03709577 (England and Wales)






Vanguard Promotions Limited (Registered number: 03709577)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 395 1,015

CURRENT ASSETS
Stocks 4,210 4,549
Debtors 5 36,435 43,487
Cash at bank - 2,786
40,645 50,822
CREDITORS
Amounts falling due within one year 6 49,813 46,384
NET CURRENT (LIABILITIES)/ASSETS (9,168 ) 4,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,773

)

5,453

CREDITORS
Amounts falling due after more than one
year

7

(6,900

)

(10,500

)

PROVISIONS FOR LIABILITIES - (193 )
NET LIABILITIES (15,673 ) (5,240 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (15,773 ) (5,340 )
SHAREHOLDERS' FUNDS (15,673 ) (5,240 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Vanguard Promotions Limited (Registered number: 03709577)

Balance Sheet - continued
29 February 2024


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





R G Brown - Director


Vanguard Promotions Limited (Registered number: 03709577)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Vanguard Promotions Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue Recognition
Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 15% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost is calculated at an average cost basis. Overheads are charged to profit and loss as incurred.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


Vanguard Promotions Limited (Registered number: 03709577)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The company is supported by Mr R G Brown. There are therefore no issues in preparing the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 48,243
DEPRECIATION
At 1 March 2023 47,228
Charge for year 620
At 29 February 2024 47,848
NET BOOK VALUE
At 29 February 2024 395
At 28 February 2023 1,015

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 22,671 22,431
Other debtors 13,764 21,056
36,435 43,487

Vanguard Promotions Limited (Registered number: 03709577)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 8,559 3,600
Trade creditors 22,683 19,408
Taxation and social security 12,318 16,688
Other creditors 6,253 6,688
49,813 46,384

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 6,900 10,500

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year-end date the director had the following balance owing to the company:
29.2.2428.2.23
££
Balance owing from director5,05613,992

Interest of nil (2023: £237) has been charged on the director's loan account in the year.