CE Promotions Ltd - Filleted accounts

Registered number

NI637095

CE Promotions Ltd

Filleted Accounts

31 December 2024

CE Promotions Ltd
Registered number:		NI637095
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		150,182			52,814

Current assets
Debtors	4	103,844			58,665
Cash at bank and in hand		96,280			32,191
		200,124			90,856

Creditors: amounts falling due within one year	5	(313,259)			(111,197)

Net current liabilities			(113,135)			(20,341)

Total assets less current liabilities			37,047			32,473

Creditors: amounts falling due after more than one year	6		(4,410)			(14,809)

Provisions for liabilities			(28,534)			(12,252)


Net assets			4,103			5,412

Capital and reserves
Called up share capital			200			200
Profit and loss account			3,903			5,212

Shareholders' funds			4,103			5,412

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Charlie Eastwood
Director
Approved by the board on 30 July 2025

CE Promotions Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					1		2


3	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 January 2024							87,802
	Additions							134,914
	Disposals							(8,333)
	At 31 December 2024							214,383

	Depreciation
	At 1 January 2024							34,988
	Charge for the year							31,492
	On disposals							(2,279)
	At 31 December 2024							64,201

	Net book value
	At 31 December 2024							150,182
	At 31 December 2023							52,814


4	Debtors					2024		2023
£							£

	Trade debtors					10,421		51,999
	Director's Loan					-		6,666
	Other debtors					93,423		-
						103,844		58,665


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					10,399		11,030
	Trade creditors					17,160		15,540
	Taxation and social security costs					11,106		31,312
	Other creditors					274,594		53,315
						313,259		111,197


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					4,410		14,809


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Charlie Eastwood
	Loan provided in FY23	6,666		-		(6,666)		-

		6,666		-		(6,666)		-


8	Other information

	CE Promotions Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	541 Saintfield Road
	Carryduff
	Belfast
	Antrim
	BT8 8ES