PROMO-PRO LTD,Ltd - AccountsLtd - Accounts

PROMO-PRO LTD,Ltd - AccountsLtd - Accounts

PROMO-PRO LTD - Company Information

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2020-01-01 12284736 2020-12-31 12284736 2020-01-01 2020-12-31 12284736 uk-core:WithinOneYear 2020-12-31 12284736 uk-core:ShareCapital 2020-12-31 12284736 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 12284736 uk-bus:Director1 2020-01-01 2020-12-31 12284736 uk-core:NetGoodwill 2020-01-01 2020-12-31 12284736 uk-core:Goodwill 2020-01-01 2020-12-31 12284736 uk-core:Goodwill 2020-12-31 12284736 uk-core:AfterOneYear 2020-12-31 iso4217:GBP xbrli:pure 12284736 uk-bus:AuditExemptWithAccountantsReport 2020-01-01 2020-12-31 12284736 uk-bus:FRS102 2020-01-01 2020-12-31 12284736 uk-bus:FullAccounts 2020-01-01 2020-12-31 12284736 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
PROMO-PRO LTD
Registered Number:12284736
For the year ended 31 December 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2020
PROMO-PRO LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
12284736
As at 31 December 2020
PROMO-PRO LTD
Statement of Financial Position
£
2020
Notes
Fixed assets
Intangible assets
16,000
2
Property, plant and equipment
23,622
3
39,622
Current assets
Inventories
6,000
4
Trade and other receivables
7,273
5
Cash and cash equivalents
12,027
25,300
Trade and other payables: amounts falling due within one
year
(66,271)
6
(40,971)
Net current liabilities
Total assets less current liabilities
(1,349)
(1,349)
Net assets/liabilities
Capital and reserves
Called up share capital
3
Retained earnings
(1,352)
(1,349)
Shareholders' funds
For the year ended 31 December 2020 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 31 December 2020 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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 Steven Hastings Director
These financial statements were approved and authorised for issue by the Board on 15 February 2021 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 December 2020
PROMO-PRO LTD
Notes to the Financial Statements
Statutory Information
PROMO-PRO LTD is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12284736.
Registered address:
UNIT 6, HURST FARM
CROSSHANDS
LYDNEY
GLOS
GL
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 2020, is being amortised evenly over its estimated useful life of 3 years.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
Additions
24,000
At 31 December 2020
24,000
Amortisation
8,000
Charge for year
At 31 December 2020
8,000
Net book value
At 31 December 2020
16,000
2 of 4
5
For the year ended 31 December 2020
PROMO-PRO LTD
Notes to the Financial Statements Continued
3. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
29,528
Additions
At 31 December 2020
29,528
Provision for depreciation and impairment
Charge for year
5,906
At 31 December 2020
5,906
At 31 December 2020
Net book value
23,622
4. Inventories
2020
£
Stocks
6,000
5. Trade and other receivables
2020
£
Trade debtors
7,273
The debtors above include the following amounts falling due after more than one year:
Trade debtors
7,273
6. Trade and other payables: amounts falling due within one year
2020
£
Trade creditors
3,024
Taxation and social security
4,599
Other creditors
58,648
66,271
3 of 4
6
For the year ended 31 December 2020
PROMO-PRO LTD
Notes to the Financial Statements Continued
7. Average number of persons employed
During the year the average number of employees was 4
4 of 4