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REGISTERED NUMBER: 06779913 (England and Wales)












Promontory Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024






Promontory Ltd (Registered number: 06779913)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Promontory Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Scott Garrett
Samantha Garrett





REGISTERED OFFICE: 8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW





REGISTERED NUMBER: 06779913 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

Promontory Ltd (Registered number: 06779913)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,101 52,574

CURRENT ASSETS
Debtors 5 417,491 350,663
Cash at bank 244,583 371,317
662,074 721,980
CREDITORS
Amounts falling due within one
year

6

306,045

275,517
NET CURRENT ASSETS 356,029 446,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,130

499,037

CREDITORS
Amounts falling due after more
than one year

7

(20,990

)

(19,333

)

PROVISIONS FOR LIABILITIES 9 (3,936 ) (4,758 )
NET ASSETS 380,204 474,946

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 379,204 473,946
SHAREHOLDERS' FUNDS 380,204 474,946

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

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

Promontory Ltd (Registered number: 06779913)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:





Scott Garrett - Director


Promontory Ltd (Registered number: 06779913)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Promontory 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% straight line
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Computer equipment - 25% straight line

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

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company for the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Promontory Ltd (Registered number: 06779913)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 42,459 5,356 20,368 98,794 166,977
Additions - 1,743 3,172 4,994 9,909
Disposals - - - (2,173 ) (2,173 )
At 31 December 2024 42,459 7,099 23,540 101,615 174,713
DEPRECIATION
At 1 January 2024 6,369 5,058 18,006 84,970 114,403
Charge for year 2,123 569 2,203 6,857 11,752
Eliminated on disposal - - - (543 ) (543 )
At 31 December 2024 8,492 5,627 20,209 91,284 125,612
NET BOOK VALUE
At 31 December 2024 33,967 1,472 3,331 10,331 49,101
At 31 December 2023 36,090 298 2,362 13,824 52,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 284,097 238,777
Other debtors 133,394 111,886
417,491 350,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,171 10,000
Trade creditors 262,912 144,251
Taxation and social security 28,336 110,641
Other creditors 10,626 10,625
306,045 275,517

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 20,990 19,333

Promontory Ltd (Registered number: 06779913)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 11,000 11,000
Between one and five years 3,667 15,583
14,667 26,583

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,936 4,758

Deferred
tax
£   
Balance at 1 January 2024 4,758
Provided during year (822 )
Balance at 31 December 2024 3,936