Company registration number:
10532775
South West Power Promotions Limited
Unaudited filleted financial statements
31 December 2020
South West Power Promotions Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
South West Power Promotions Limited
Directors and other information
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Directors
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Mark Phillips
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Gillian Williams
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Ian Jordan
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Company number
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10532775
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Registered office
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Grenville Arms
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Fore Street
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Nanpean
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Cornwall
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PL26 7YE
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Business address
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St Boniface Arena
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Coypool Road
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Plymouth
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Devon
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PL7 4NW
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Accountants
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Ian J Brown & Company
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2 Comiston Road
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Edinburgh
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EH10 5QE
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South West Power Promotions Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of South West Power Promotions Limited
Year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of South West Power Promotions Limited for the year ended 31 December 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of South West Power Promotions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of South West Power Promotions Limited and state those matters that we have agreed to state to the board of directors of South West Power Promotions Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than South West Power Promotions Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that South West Power Promotions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of South West Power Promotions Limited. You consider that South West Power Promotions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of South West Power Promotions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ian J Brown & Company
Chartered Accountants
2 Comiston Road
Edinburgh
EH10 5QE
30 September 2021
South West Power Promotions Limited
Statement of financial position
31 December 2020
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2020
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2019
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£
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£
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Fixed assets
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20,657
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22,543
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_______
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_______
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Current assets
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10,861
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4,001
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Creditors: amounts falling due within one year
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(
169,344)
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(
146,538)
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_______
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_______
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Net current liabilities
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(
158,483)
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(
142,537)
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_______
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_______
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Total assets less current liabilities
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137,826)
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119,994)
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Accruals and deferred income
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(
820)
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(
780)
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_______
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_______
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Net liabilities
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(
138,646)
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(
120,774)
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Capital and reserves
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(
138,646)
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(
120,774)
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_______
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_______
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Notes to the financial statements
South West Power Promotions Limited
Year ended 31 December 2020
1.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company:
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2020
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Balance brought forward
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Advances /(credits) to the directors
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Amounts repaid
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Balance o/standing
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£
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£
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£
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£
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Mark Phillips
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(
147,281)
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(
4,060)
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10,650
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(
140,691)
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Gillian Williams
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1
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-
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-
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1
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(
147,280)
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(
4,060)
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10,650
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(
140,690)
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2019
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Balance brought forward
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Advances /(credits) to the directors
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Amounts repaid
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Balance o/standing
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£
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£
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£
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£
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Mark Phillips
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(
124,210)
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(
23,071)
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-
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(
147,281)
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Gillian Williams
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1
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-
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-
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1
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_______
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(
124,209)
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(
23,071)
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-
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(
147,280)
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_______
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For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
30 September 2021
, and are signed on behalf of the board by:
Mark Phillips
Director
Company registration number:
10532775
The company is a private company limited by shares, registered in England.