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Promowise Limited

Registered Number:09452549

For the year ended 28 February 2019

England and Wales

Unaudited Financial Statements

For the year ended 28 February 2019

Promowise Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 28 February 2019

Promowise Limited

Statement of Financial Position

Registered Number :

09452549

2018

2019

Notes

Fixed assets

Property, plant and equipment

1,585

Current assets

524

Cash and cash equivalents

7,640

524

Trade and other payables: amounts falling due within one

year

(4,752)

(4,198)

(4,228)

3,442

Net current assets

Total assets less current liabilities

5,027

(4,208)

(301)

Provisions for liabilities

4,726

Net assets/liabilities

(4,208)

Capital and reserves

Called up share capital

Retained earnings

4,725

(4,209)

4,726

(4,208)

Shareholders' funds

For the year ended 28 February 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr David Neil Rotheroe Director

These financial statements were approved and authorised for issue by the Board on 25 November 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 28 February 2019

Promowise Limited

Notes to the Financial Statements

Statutory Information

Promowise Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 09452549.

Registered address:

Unit 7d Avondale Works

Woodland Way

Bristol

BS15 1PA

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 2 years.

Intangible assets

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Website costs - over two years

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25% Straight line

2. Intangible fixed assets

Other

Intangible

Assets

Cost or valuation

At 01 March 2018

1,895

At 28 February 2019

1,895

Amortisation

At 01 March 2018

1,895

At 28 February 2019

1,895

Net book value

At 28 February 2019

At 28 February 2018

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For the year ended 28 February 2019

Promowise Limited

Notes to the Financial Statements Continued

3. Property, plant and equipment

Plant and

Machinery

Cost or

valuation

At 01 March 2018

2,114

Additions

At 28 February 2019

2,197

Provision for depreciation and impairment

At 01 March 2018

Charge for year

549

At 28 February 2019

612

At 28 February 2019

Net book value

1,585

At 28 February 2018

4. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

(1)

Taxation and social security

2,295

3,528

Other creditors

1,904

1,224

4,198

4,752

5. Related party transactions

The company owes an unsecred loan from Mr D Rotheroe the director. At the year end the balance outstanding was

£1,904 (2018 - £1,224) and was interest free.

6. Average number of persons employed

During the year the average number of employees was 1 (2018 : 1)

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