Prometheus Projects (International) Limited 09424811 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true 09424811 2022-03-01 2023-02-28 09424811 2023-02-28 09424811 core:RetainedEarningsAccumulatedLosses 2023-02-28 09424811 core:ShareCapital 2023-02-28 09424811 core:CurrentFinancialInstruments 2023-02-28 09424811 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 09424811 core:OfficeEquipment 2023-02-28 09424811 bus:SmallEntities 2022-03-01 2023-02-28 09424811 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 09424811 bus:FullAccounts 2022-03-01 2023-02-28 09424811 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 09424811 bus:RegisteredOffice 2022-03-01 2023-02-28 09424811 bus:Director2 2022-03-01 2023-02-28 09424811 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 09424811 core:OfficeEquipment 2022-03-01 2023-02-28 09424811 countries:EnglandWales 2022-03-01 2023-02-28 09424811 core:OfficeEquipment 2022-02-28 09424811 2021-03-01 2022-02-28 09424811 2022-02-28 09424811 core:RetainedEarningsAccumulatedLosses 2022-02-28 09424811 core:ShareCapital 2022-02-28 09424811 core:CurrentFinancialInstruments 2022-02-28 09424811 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 09424811 core:OfficeEquipment 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 09424811

Prometheus Projects (International) Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Prometheus Projects (International) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Prometheus Projects (International) Limited

Company Information

Director

M Archer

Registered office

25 Armscroft Place
Gloucester
GL2 0SW

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Spencer House
6 Morston Court
Aisecome Way
Weston-super-Mare
North Somerset
BS22 8NG

 

Prometheus Projects (International) Limited

(Registration number: 09424811)
Balance Sheet
28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

284

379

Current assets

 

Debtors

6

4,020

4,963

Cash at bank and in hand

 

147,319

120,918

 

151,339

125,881

Creditors: Amounts falling due within one year

7

(96,398)

(50,686)

Net current assets

 

54,941

75,195

Net assets

 

55,225

75,574

Capital and reserves

 

Called up share capital

2

2

Retained earnings

55,223

75,572

Shareholders' funds

 

55,225

75,574

 

Prometheus Projects (International) Limited

(Registration number: 09424811)
Balance Sheet
28 February 2023

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 23 October 2023
 

.........................................
M Archer
Director

 

Prometheus Projects (International) Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 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:
25 Armscroft Place
Gloucester
GL2 0SW

These financial statements were authorised for issue by the director on 23 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Prometheus Projects (International) Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

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 corporation 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.

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

Office equipment

25% reducing balance

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Prometheus Projects (International) Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

95

126

5

Tangible assets

Office equipment
£

Cost or valuation

At 1 March 2022

1,514

At 28 February 2023

1,514

Depreciation

At 1 March 2022

1,135

Charge for the year

95

At 28 February 2023

1,230

Carrying amount

At 28 February 2023

284

At 28 February 2022

379

6

Debtors

2023
£

2022
£

Trade debtors

-

2,000

Other debtors

3,200

2,563

Gross amount due from customers for contract work

820

400

4,020

4,963

 

Prometheus Projects (International) Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Taxation and social security

 

16,174

11,733

Other creditors

 

80,224

38,953

 

96,398

50,686