REGISTERED NUMBER: 07190668 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

GoPromotional Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G K Parkin

REGISTERED OFFICE:

Longfields Court

Wharncliffe Business Park

Barnsley

S71 3GN

REGISTERED NUMBER:

07190668 (England and Wales)

ACCOUNTANTS:

Finoptus Consulting Limited

Room 501

DMC 01

County Way

Barnsley

South Yorkshire

S70 2JW

FIXED ASSETS

Intangible assets

4

64,652

87,243

Tangible assets

5

103,724

83,057

Investments

6

85

-

168,461

170,300

CURRENT ASSETS

Debtors

7

192,310

169,261

Cash at bank

217,930

262,273

410,240

431,534

CREDITORS

Amounts falling due within one year

8

390,725

396,955

NET CURRENT ASSETS

19,515

34,579

TOTAL ASSETS LESS CURRENT LIABILITIES

187,976

204,879

CREDITORS

Amounts falling due after more than one year

9

(28,333

)

(104,421

)

PROVISIONS FOR LIABILITIES

(25,931

)

(16,958

)

NET ASSETS

133,712

83,500

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

133,512

83,300

133,712

83,500

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 director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

G K Parkin - Director

1.	STATUTORY INFORMATION

GoPromotional 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.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about GoPromotional Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures & Fittings 20 - 50% on cost

Motor Vehicles - 20% on cost

Computer Equipment - 33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2024

and 31 December 2024

248,579

AMORTISATION

At 1 January 2024

161,336

Amortisation for year

22,591

At 31 December 2024

183,927

NET BOOK VALUE

At 31 December 2024

64,652

At 31 December 2023

87,243

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

12,011

69,534

71,806

153,351

Additions

18,423

-

32,726

51,149

At 31 December 2024

30,434

69,534

104,532

204,500

DEPRECIATION

At 1 January 2024

9,196

2,318

58,780

70,294

Charge for year

4,278

13,443

12,761

30,482

At 31 December 2024

13,474

15,761

71,541

100,776

NET BOOK VALUE

At 31 December 2024

16,960

53,773

32,991

103,724

At 31 December 2023

2,815

67,216

13,026

83,057

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

69,534

DEPRECIATION

At 1 January 2024

2,318

Charge for year

13,443

At 31 December 2024

15,761

NET BOOK VALUE

At 31 December 2024

53,773

At 31 December 2023

67,216

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

85

At 31 December 2024

85

NET BOOK VALUE

At 31 December 2024

85

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

83,359

111,345

Other debtors

108,951

57,916

192,310

169,261

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

40,000

40,000

Hire purchase contracts

36,088

-

Trade creditors

160,738

258,645

Amounts owed to group undertakings

10,632

-

Taxation and social security

77,149

28,854

Other creditors

66,118

69,456

390,725

396,955

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

28,333

68,333

Hire purchase contracts

-

36,088

28,333

104,421

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

G K Parkin

Balance outstanding at start of year

30,751

29,186

Amounts advanced

16,433

1,565

Amounts repaid

(13,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,184

30,751