Company Registration No. 12168207 (England and Wales)
PROMOCUBE UK LIMITED
Unaudited accounts
for the year ended 31 August 2024
PROMOCUBE UK LIMITED
Unaudited accounts
Contents
PROMOCUBE UK LIMITED
Company Information
for the year ended 31 August 2024
Company Number
12168207 (England and Wales)
Registered Office
Denmark House
143 High Street
Chalfont St Peter
Bucks
SL9 9QL
PROMOCUBE UK LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
57,522
40,785
Cash at bank and in hand
96,246
32,802
Creditors: amounts falling due within one year
(76,837)
(23,622)
Net current assets
103,326
81,127
Total assets less current liabilities
160,848
121,912
Creditors: amounts falling due after more than one year
(71,843)
(77,293)
Called up share capital
100
100
Profit and loss account
88,905
44,519
Shareholders' funds
89,005
44,619
For the year ending 31 August 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 January 2025 and were signed on its behalf by
Timothy Basnett
Director
Company Registration No. 12168207
PROMOCUBE UK LIMITED
Notes to the Accounts
for the year ended 31 August 2024
PROMOCUBE UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12168207. The registered office is Denmark House, 143 High Street, Chalfont St Peter, Bucks, SL9 9QL.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% per annum of cost
Fixtures & fittings
25% per annum of cost
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2023
7,634
50,016
57,650
At 31 August 2024
7,634
91,550
99,184
At 1 September 2023
4,361
12,504
16,865
Charge for the year
1,909
22,888
24,797
At 31 August 2024
6,270
35,392
41,662
At 31 August 2024
1,364
56,158
57,522
At 31 August 2023
3,273
37,512
40,785
PROMOCUBE UK LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
1,702
16,081
Amounts due from group undertakings etc.
62,383
16,643
Other debtors
19,832
39,223
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,450
4,746
Trade creditors
41,768
1,630
Taxes and social security
17,520
-
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are unsecured of £5,450 (2023 £4,746). The bank loans and overdrafts are unsecured government-backed bounce back loans.
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Creditors: amounts falling due after more than one year
2024
2023
Other creditors
50,000
50,000
Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £50,000 (2023 £50,000) and £21,842 unsecured (2023 £27,293). The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
At 31 August 2024, T Basnett, a director, owed the company £19,832 (2023- £39,223).
This is an interest free loan repayable on demand.
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Transactions with related parties
At the year end Promocube is owed £61,883 by TMB Creative. Mr Basnett is a director of both companies. An additional £500 is owed by TMB International.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).