Company Registration No. 04402819 (England and Wales)
Promotasport Limited
Unaudited accounts
for the year ended 31 March 2025
Promotasport Limited
Unaudited accounts
Contents
Promotasport Limited
Company Information
for the year ended 31 March 2025
Directors
PETER JOHNSTON
CHARLES JOHNSTON
Company Number
04402819 (England and Wales)
Registered Office
BUILDING 8 WYNDMERE PARK
ASHWELL ROAD
STEEPLE MORDEN
HERTFORDSHIRE
SG8 0NZ
Accountants
SRG Accountancy Services
2 WHITFIELD ROAD
POTTON
Sandy
BEDFORDSHIRE
SG19 2FS
Promotasport Limited
Accountants' report
Accountants' report to the board of directors of Promotasport Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2025. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
SRG Accountancy Services
2 WHITFIELD ROAD
POTTON
Sandy
BEDFORDSHIRE
SG19 2FS
13 May 2025
Promotasport Limited
Statement of financial position
as at 31 March 2025
Tangible assets
1,208
1,581
Cash at bank and in hand
5,618
6
Creditors: amounts falling due within one year
(1,560)
(1,655)
Net current assets
76,293
73,860
Total assets less current liabilities
77,541
75,481
Creditors: amounts falling due after more than one year
(33,000)
(33,000)
Called up share capital
50,000
50,000
Profit and loss account
(5,459)
(7,519)
Shareholders' funds
44,541
42,481
For the year ending 31 March 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by
PETER JOHNSTON
Director
Company Registration No. 04402819
Promotasport Limited
Notes to the Accounts
for the year ended 31 March 2025
Promotasport Limited is a private company, limited by shares, registered in England and Wales, registration number 04402819. The registered office is BUILDING 8 WYNDMERE PARK, ASHWELL ROAD, STEEPLE MORDEN, HERTFORDSHIRE, SG8 0NZ.
2
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.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Income tax expense represents the sum of the ta 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 income because 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 or subsequently enacted by the end of the reporting period.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Promotasport Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
50,000 Ordinary shares of £1 each
50,000
50,000
6
Average number of employees
During the year the average number of employees was 2 (2024: 2).