Promotion Line Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04181262

Promotion Line Limited

Filleted Unaudited Financial Statements

31 May 2025

Promotion Line Limited

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	26,645	32,236
Investments	6	50	50
		--------	--------
		26,695	32,286

Current assets

Debtors	7	410,696	463,985
Cash at bank and in hand		848,288	665,070
		------------	------------
		1,258,984	1,129,055

Creditors: amounts falling due within one year	8	201,827		204,037
		------------		------------
Net current assets			1,057,157		925,018
			------------		---------
Total assets less current liabilities			1,083,852		957,304

Provisions

Taxation including deferred tax	6,661	8,059
	------------	---------
Net assets	1,077,191	949,245
	------------	---------

Capital and reserves

Called up share capital	9	80	80
Capital redemption reserve		20	20
Profit and loss account		1,077,091	949,145
		------------	---------
Shareholders funds		1,077,191	949,245
		------------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Promotion Line Limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 21 October 2025 , and are signed on behalf of the board by:

Mrs B J Ferguson	Mrs A Degutis Bone
Director	Director

Company registration number: 04181262

Promotion Line Limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced net of value added tax during the year.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and Fittings	-	25% reducing balance
Office Equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 7 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 June 2024	473	194,876	195,349
Additions	–	2,843	2,843
	----	---------	---------
At 31 May 2025	473	197,719	198,192
	----	---------	---------
Depreciation
At 1 June 2024	421	162,692	163,113
Charge for the year	13	8,421	8,434
	----	---------	---------
At 31 May 2025	434	171,113	171,547
	----	---------	---------
Carrying amount
At 31 May 2025	39	26,606	26,645
	----	---------	---------
At 31 May 2024	52	32,184	32,236
	----	---------	---------

6. Investments

	Shares in participating interests
	£
Cost
At 1 June 2024 and 31 May 2025	50
	----
Impairment
At 1 June 2024 and 31 May 2025	–
	----

Carrying amount
At 31 May 2025	50
	----
At 31 May 2024	50
	----

The company owns 50% (50%: 2024) of the share capital of Box River Studios Ltd a company incorporated in England and Wales.

7. Debtors

	2025	2024
	£	£
Trade debtors	249,365	246,937
Prepayments and accrued income	16,802	16,418
Directors loan account	66,116	74,137
Other debtors	78,413	126,493
	---------	---------
	410,696	463,985
	---------	---------

Included in trade debtors is an amount of £59,690 (2024: £72,424) which represents amounts recoverable under contracts.

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	26,786	23,449
Accruals and deferred income	41,905	78,594
Corporation tax	51,298	41,637
Social security and other taxes	79,238	56,931
Other creditors	2,600	3,426
	---------	---------
	201,827	204,037
	---------	---------

There is a fixed and floating charge over the company's assets dated 24th June 2008 in favour of National Westminster Bank Plc.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary Class A shares of £ 1 each	80	80	80	80
	----	----	----	----

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	3,780	3,780
Later than 1 year and not later than 5 years	945	4,725
	-------	-------
	4,725	8,505
	-------	-------

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs B J Ferguson	74,137	16,019	( 24,040)	66,116
	--------	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs B J Ferguson	8,509	89,668	( 24,040)	74,137
	-------	--------	--------	--------

Interest of £1,602 (2024: £724) was charged on the above loan during the year.

12. Related party transactions

During the year the company made sales of £22,476 (2024: £28,596) to, and made purchases of £25,815 (2024: £59,134) from, participating interests. In 2024 there was a balance of £80,000 due from a company in which a director and shareholder is also a director and shareholder. This was repaid in the current year. £52,256 (2024 : 40,993) is due from Box River Studios Ltd, a company in which Promotion Line Ltd owns shares, and the companies share a common director.