IRIS Accounts Production Software 03589150 1.1.15 31.12.15 31.12.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 03589150 2014-12-31 03589150 2015-12-31 03589150 2015-01-01 2015-12-31 03589150 2013-12-31 03589150 2014-01-01 2014-12-31 03589150 2014-12-31 03589150 ns12:England 2015-01-01 2015-12-31 03589150 ns14:PoundSterling 2015-01-01 2015-12-31 03589150 ns7:Director1 2015-01-01 2015-12-31 03589150 ns7:OrdinaryShareClass1 2015-01-01 2015-12-31 03589150 ns7:Director2 2015-01-01 2015-12-31 03589150 ns7:CompanySecretary 2015-01-01 2015-12-31 03589150 ns7:RegisteredOffice 2015-01-01 2015-12-31 03589150 ns7:EntityAccountantsOrAuditors 2015-01-01 2015-12-31 03589150 ns5:PlantMachinery 2015-01-01 2015-12-31 03589150 ns7:OrdinaryShareClass1 2015-12-31 03589150 ns7:OrdinaryShareClass1 2014-12-31
REGISTERED NUMBER: 03589150 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

FOR

PROMO ONLY LIMITED

PROMO ONLY LIMITED (REGISTERED NUMBER: 03589150)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2015










Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PROMO ONLY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2015







DIRECTORS: R J Robinson
P A Werner





SECRETARY: Chariot House Limited





REGISTERED OFFICE: 44 Grand Parade
Brighton
BN2 9QA





REGISTERED NUMBER: 03589150 (England and Wales)





ACCOUNTANTS: Chariot House Ltd
Chartered Accountants
6 Salisbury House
Finsbury Circus
London
EC2M 5QQ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PROMO ONLY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Promo Only Limited for the year ended 31st December 2015 which comprise the Profit and Loss
Account, the Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Promo Only Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Promo Only Limited and state those matters that we have agreed to state to the Board of Directors of Promo Only Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Promo Only 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 Promo Only Limited. You consider that Promo Only 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 Promo Only 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.






Chariot House Ltd
Chartered Accountants
6 Salisbury House
Finsbury Circus
London
EC2M 5QQ


13th July 2016

PROMO ONLY LIMITED (REGISTERED NUMBER: 03589150)

ABBREVIATED BALANCE SHEET
31ST DECEMBER 2015

2015 2014
Notes £    £   
FIXED ASSETS
Tangible assets 2 1,603 3,378

CURRENT ASSETS
Stocks 150 364
Debtors 15,443 3,980
Cash at bank 74,795 74,199
90,388 78,543
CREDITORS
Amounts falling due within one year (1,202,576 ) (1,174,112 )
NET CURRENT LIABILITIES (1,112,188 ) (1,095,569 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,110,585

)

(1,092,191

)

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account (1,110,587 ) (1,092,193 )
SHAREHOLDERS' FUNDS (1,110,585 ) (1,092,191 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 13th July 2016 and were signed on its behalf by:





P A Werner - Director


PROMO ONLY LIMITED (REGISTERED NUMBER: 03589150)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2015


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts
where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The financial statements have been prepared on the going concern basis as the company has received
confirmation from the ultimate controlling party, Promo Only Inc., of its intention to continue to provide
financial and other support to the extent necessary to enable the company to continue to pay its liabilities as and
when they become due for a period not less than one year from the date of approval of these financial statements.
Having regard to this intention, the directors believe it is appropriate to prepare these financial statements on a
going concern basis, notwithstanding the net liabilities at 31 December 2015.




PROMO ONLY LIMITED (REGISTERED NUMBER: 03589150)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2015


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2015
and 31st December 2015 8,563
DEPRECIATION
At 1st January 2015 5,185
Charge for year 1,775
At 31st December 2015 6,960
NET BOOK VALUE
At 31st December 2015 1,603
At 31st December 2014 3,378

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary £1 2 2

4. ULTIMATE PARENT COMPANY

The company's ultimate controlling party is Promo Only Inc., a company incorporated in the USA, which is
parent of both the smallest and largest groups of which the company is a member.