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REGISTERED NUMBER: 05349005 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Specialised Projects Limited

Specialised Projects Limited (Registered number: 05349005)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Specialised Projects Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: P Clarke





REGISTERED OFFICE: 7 Essex Place
Kettering
Northamptonshire
NN15 6LE





REGISTERED NUMBER: 05349005 (England and Wales)





ACCOUNTANTS: Kempton Accountancy Services Limited
31 Lake Drive
Weldon
Northamptonshire
NN17 3FE

Specialised Projects Limited (Registered number: 05349005)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,520 10,357

CURRENT ASSETS
Stocks 5 500 400
Debtors 6 31,255 25,180
Cash at bank 238,195 246,348
269,950 271,928
CREDITORS
Amounts falling due within one year 7 14,431 12,556
NET CURRENT ASSETS 255,519 259,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,039

269,729

PROVISIONS FOR LIABILITIES 2,451 2,451
NET ASSETS 276,588 267,278

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 276,488 267,178
SHAREHOLDERS' FUNDS 276,588 267,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Specialised Projects Limited (Registered number: 05349005)

Balance Sheet - continued
31 March 2022


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

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

The financial statements were approved by the director and authorised for issue on 5 September 2022 and were signed by:





P Clarke - Director


Specialised Projects Limited (Registered number: 05349005)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Specialised Projects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Specialised Projects Limited (Registered number: 05349005)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2021 13,800 15,756 19,047 48,603
Additions - 18,495 - 18,495
Disposals - (15,756 ) - (15,756 )
At 31 March 2022 13,800 18,495 19,047 51,342
DEPRECIATION
At 1 April 2021 9,333 13,125 15,788 38,246
Charge for year 1,116 770 815 2,701
Eliminated on disposal - (13,125 ) - (13,125 )
At 31 March 2022 10,449 770 16,603 27,822
NET BOOK VALUE
At 31 March 2022 3,351 17,725 2,444 23,520
At 31 March 2021 4,467 2,631 3,259 10,357

5. STOCKS
31.3.22 31.3.21
£    £   
Stocks 500 400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 31,255 25,180

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 856 709
Tax 6,600 1,535
VAT 898 2,177
Directors' current accounts 4,577 6,735
Accruals and deferred income 1,500 1,400
14,431 12,556

Specialised Projects Limited (Registered number: 05349005)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year Mr Clarke, the director of the company, operated a directors current account with the company. At the year end, there was a credit balance on the account of £4,577 (2021 £6,734).

There have been various transactions in the form of a directors current account. Information disclosed is therefore given in an aggregated form.

9. RELATED PARTY DISCLOSURES

During the year the directors received dividends amounting to; Mr P Clarke £2,000 (2021 £2,000) and Mr Crisp £35,600 (2021 £10,000). Mr Crisp transferred his shares to Mr Clarke in June 2021.

Specialised Projects Limited

Report of the Accountants to the Director of
Specialised Projects Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2022 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kempton Accountancy Services Limited
31 Lake Drive
Weldon
Northamptonshire
NN17 3FE


5 September 2022