Projex Group Services Limited 13831101 false 2022-01-05 2023-01-31 2023-01-31 The principal activity of the company is that of property management. Digita Accounts Production Advanced 6.30.9574.0 true true 13831101 2022-01-05 2023-01-31 13831101 2023-01-31 13831101 bus:Director1 2023-01-31 13831101 bus:Director2 2023-01-31 13831101 bus:OrdinaryShareClass1 2023-01-31 13831101 core:RetainedEarningsAccumulatedLosses 2023-01-31 13831101 core:ShareCapital 2023-01-31 13831101 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13831101 core:Goodwill 2023-01-31 13831101 core:OtherResidualIntangibleAssets 2023-01-31 13831101 core:MotorVehicles 2023-01-31 13831101 core:OfficeEquipment 2023-01-31 13831101 core:PlantMachinery 2023-01-31 13831101 bus:SmallEntities 2022-01-05 2023-01-31 13831101 bus:AuditExemptWithAccountantsReport 2022-01-05 2023-01-31 13831101 bus:FullAccounts 2022-01-05 2023-01-31 13831101 bus:SmallCompaniesRegimeForAccounts 2022-01-05 2023-01-31 13831101 bus:RegisteredOffice 2022-01-05 2023-01-31 13831101 bus:Director1 2022-01-05 2023-01-31 13831101 bus:Director2 2022-01-05 2023-01-31 13831101 bus:OrdinaryShareClass1 2022-01-05 2023-01-31 13831101 bus:PrivateLimitedCompanyLtd 2022-01-05 2023-01-31 13831101 core:ComputerSoftware 2022-01-05 2023-01-31 13831101 core:Goodwill 2022-01-05 2023-01-31 13831101 core:OtherResidualIntangibleAssets 2022-01-05 2023-01-31 13831101 core:MotorVehicles 2022-01-05 2023-01-31 13831101 core:OfficeEquipment 2022-01-05 2023-01-31 13831101 core:PlantMachinery 2022-01-05 2023-01-31 13831101 countries:EnglandWales 2022-01-05 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13831101

Projex Group Services Limited

Annual Report and Unaudited Financial Statements

for the Period from 5 January 2022 to 31 January 2023

 

Projex Group Services Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Projex Group Services Limited

Company Information





 

Directors




 

S L Bartrum

P Thompson

Registered office





 

5 Dobb Top Road
Holmbridge
Holmfirth
HD9 2PQ

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Projex Group Services Limited

Directors' Report
for the Period from 5 January 2022 to 31 January 2023

The directors present their report and the financial statements for the period from 5 January 2022 to 31 January 2023.

Incorporation

The company was incorporated and commenced trading on 5 January 2022.

Director of the company

The director who held office during the period was as follows:

P Thompson (appointed 5 January 2022)

The following director was appointed after the period end:

S L Bartrum (appointed 4 August 2023)

Principal activity

The principal activity of the company is that of property management.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 October 2023 and signed on its behalf by:
 

.........................................
P Thompson
Director

 

Projex Group Services Limited

(Registration number: 13831101 )
Balance Sheet as at 31 January 2023

Note

2023
£

Fixed assets

 

Intangible assets

4

97,000

Tangible assets

5

31,715

 

128,715

Current assets

 

Stocks

6

59,685

Debtors

7

57,760

Cash at bank and in hand

 

189,666

 

307,111

Creditors: Amounts falling due within one year

8

(231,357)

Net current assets

 

75,754

Net assets

 

204,469

Capital and reserves

 

Called up share capital

9

1

Profit and loss account

204,468

Total equity

 

204,469

For the financial period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 October 2023 and signed on its behalf by:
 

 

Projex Group Services Limited

(Registration number: 13831101 )
Balance Sheet as at 31 January 2023

.........................................
P Thompson
Director

 

Projex Group Services Limited

Notes to the Unaudited Financial Statements
for the Period from 5 January 2022 to 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Dobb Top Road
Holmbridge
Holmfirth
HD9 2PQ
United Kingdom

These financial statements were authorised for issue by the Board on 4 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the net sales of goods, excluding value added tax.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Projex Group Services Limited

Notes to the Unaudited Financial Statements
for the Period from 5 January 2022 to 31 January 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% on reducing balance

Motor vehicles

25% on reducing balance

Office equipment

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

No depreciation

Goodwill

5% 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

 

Projex Group Services Limited

Notes to the Unaudited Financial Statements
for the Period from 5 January 2022 to 31 January 2023

4

Intangible assets

Goodwill
 £

Website
 £

Total
£

Cost or valuation

Additions

100,000

2,000

102,000

At 31 January 2023

100,000

2,000

102,000

Amortisation

Amortisation charge

5,000

-

5,000

At 31 January 2023

5,000

-

5,000

Carrying amount

At 31 January 2023

95,000

2,000

97,000

5

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

Additions

13,900

2,460

25,000

41,360

At 31 January 2023

13,900

2,460

25,000

41,360

Depreciation

Charge for the period

2,780

615

6,250

9,645

At 31 January 2023

2,780

615

6,250

9,645

Carrying amount

At 31 January 2023

11,120

1,845

18,750

31,715

6

Stocks

2023
£

Work in progress

55,935

Other inventories

3,750

59,685

 

Projex Group Services Limited

Notes to the Unaudited Financial Statements
for the Period from 5 January 2022 to 31 January 2023

7

Debtors

Current

2023
£

Trade debtors

57,760

8

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

79,825

Accruals and deferred income

2,492

Other creditors

149,040

231,357

9

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary of £1 each

1

1