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REGISTERED NUMBER: 03289985 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

THE PROFESSIONAL PROMOTION COMPANY LTD

THE PROFESSIONAL PROMOTION COMPANY LTD (REGISTERED NUMBER: 03289985)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE PROFESSIONAL PROMOTION COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A M Dallow
S Dallow





REGISTERED OFFICE: 1 Alton Way
Ashby De La Zouch
Leicestershire
LE65 1ER





REGISTERED NUMBER: 03289985 (England and Wales)





ACCOUNTANTS: Flint & Thompson
2 Manor Square
Solihull
West Midlands
B91 3PX

THE PROFESSIONAL PROMOTION COMPANY LTD (REGISTERED NUMBER: 03289985)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,566 12,372

CURRENT ASSETS
Debtors 5 125,885 198,170
Cash in hand (30,724 ) (43,979 )
95,161 154,191
CREDITORS
Amounts falling due within one year 6 102,698 163,375
NET CURRENT LIABILITIES (7,537 ) (9,184 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,029

3,188

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,929 3,088
4,029 3,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:




A M Dallow - Director


THE PROFESSIONAL PROMOTION COMPANY LTD (REGISTERED NUMBER: 03289985)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

The Professional Promotion Company Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - NIL ) .

THE PROFESSIONAL PROMOTION COMPANY LTD (REGISTERED NUMBER: 03289985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 19,420 22,378 10,314 52,112
DEPRECIATION
At 1 June 2023 8,445 21,769 9,526 39,740
Charge for year - 609 197 806
At 31 May 2024 8,445 22,378 9,723 40,546
NET BOOK VALUE
At 31 May 2024 10,975 - 591 11,566
At 31 May 2023 10,975 609 788 12,372

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,657 83,684
Other debtors 75,228 114,486
125,885 198,170

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,000 29,000
Trade creditors 53,164 81,103
Taxation and social security 20,615 18,353
Other creditors 11,919 34,919
102,698 163,375

THE PROFESSIONAL PROMOTION COMPANY LTD (REGISTERED NUMBER: 03289985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
A M Dallow
Balance outstanding at start of year 78,167 78,675
Amounts advanced 15,080 25,032
Amounts repaid (31,000 ) (25,540 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,247 78,167