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REGISTERED NUMBER: 06199545 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Award Promotions Limited

Award Promotions Limited (Registered number: 06199545)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Balance Sheet 1

Notes to the Financial Statements 2


Award Promotions Limited (Registered number: 06199545)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 8,048 5,805
Tangible assets 5 99,129 13,929
107,177 19,734

CURRENT ASSETS
Debtors 6 20,232 11,998
Cash and cash equivalents 34,556 75,779
54,788 87,777
CREDITORS
Amounts falling due within one year 7 49,908 23,294
NET CURRENT ASSETS 4,880 64,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,057

84,217

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 112,056 84,216
112,057 84,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:




D French - Director



Miss C Bradbrook - Director


Award Promotions Limited (Registered number: 06199545)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Award Promotions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06199545

Registered office: 18-20 High Street
Stevenage
United Kingdom
Hertfordshire
SG1 3EJ

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

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

Award Promotions Limited (Registered number: 06199545)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold in the ordinary course of the business. Trade debtors are recognised at the transaction price. Trade debtors are reviewed annually for any bad debts and any adjustment is made through the profit and loss.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been aquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date, they are presented as non-current liabilities.

Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2024 8,000 6,450 14,450
Additions - 3,142 3,142
At 31 March 2025 8,000 9,592 17,592
AMORTISATION
At 1 April 2024 8,000 645 8,645
Charge for year - 899 899
At 31 March 2025 8,000 1,544 9,544
NET BOOK VALUE
At 31 March 2025 - 8,048 8,048
At 31 March 2024 - 5,805 5,805

Award Promotions Limited (Registered number: 06199545)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 56,521
Additions 93,566
Disposals (34,027 )
At 31 March 2025 116,060
DEPRECIATION
At 1 April 2024 42,592
Charge for year 4,959
Eliminated on disposal (30,620 )
At 31 March 2025 16,931
NET BOOK VALUE
At 31 March 2025 99,129
At 31 March 2024 13,929

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 20,074 11,759
Other debtors 158 239
20,232 11,998

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 22,946 10,807
Taxation and social security 22,112 10,600
Other creditors 4,850 1,887
49,908 23,294

8. CALLED UP SHARE CAPITAL

Allotted, called up and fully paid shares
2025 2024
No. £    No. £   
Ordinary shares of £1 each 1 1 1 1


9. RELATED PARTY DISCLOSURES

At the balance sheet date C Bradbrook was owed £1,011 (2024 - £325) and D French was owed £624 (2024 - £312) by the company. The loans are provided interest free and are repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Miss C Bradbrook.