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REGISTERED NUMBER: 05531336 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

FLEET PROJECTS LIMITED

FLEET PROJECTS LIMITED (Registered number: 05531336)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLEET PROJECTS LIMITED

Company Information
for the Year Ended 31 August 2023







DIRECTOR: M DONOVAN





REGISTERED OFFICE: 130 Bournemouth Road
Chandler's Ford
Southampton
Hampshire
SO53 3AL





REGISTERED NUMBER: 05531336 (England and Wales)





ACCOUNTANTS: CBM Accountants Limited
130 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3AL

FLEET PROJECTS LIMITED (Registered number: 05531336)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,433 897

CURRENT ASSETS
Stocks - 1,821
Debtors 5 55,085 14,698
Cash at bank 430,813 453,818
485,898 470,337
CREDITORS
Amounts falling due within one year 6 83,971 98,219
NET CURRENT ASSETS 401,927 372,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,360

373,015

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 404,260 372,915
SHAREHOLDERS' FUNDS 404,360 373,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

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 30 September 2023 and were signed by:





M DONOVAN - Director


FLEET PROJECTS LIMITED (Registered number: 05531336)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

FLEET 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

FLEET PROJECTS LIMITED (Registered number: 05531336)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 8,091 3,688 11,779
Additions 292 1,830 2,122
At 31 August 2023 8,383 5,518 13,901
DEPRECIATION
At 1 September 2022 7,350 3,532 10,882
Charge for year 128 458 586
At 31 August 2023 7,478 3,990 11,468
NET BOOK VALUE
At 31 August 2023 905 1,528 2,433
At 31 August 2022 741 156 897

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 53,525 13,634
VAT 1,560 1,064
55,085 14,698

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 59,430 75,698
Social security and other taxes 303 292
Net wages 1,364 -
Other creditors 13,400 13,400
Directors' current accounts 7,489 6,939
Accruals and deferred income 1,985 1,890
83,971 98,219

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100