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REGISTERED NUMBER: 07016895










Project Plus Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023






Project Plus Limited (Registered number: 07016895)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Project Plus Limited

Company Information
for the year ended 30 September 2023







DIRECTOR: Mr M Brookshaw





REGISTERED OFFICE: Cynlas
Parc Crescent
Llanfairfechan
Gwynedd
LL33 0AU





REGISTERED NUMBER: 07016895





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Project Plus Limited (Registered number: 07016895)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 69,533

CURRENT ASSETS
Debtors 5 7,543 100,261
Cash at bank 342,425 387,716
349,968 487,977
CREDITORS
Amounts falling due within one year 6 4,361 64,029
NET CURRENT ASSETS 345,607 423,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,607

493,481

PROVISIONS FOR LIABILITIES 7 - 9,553
NET ASSETS 345,607 483,928

CAPITAL AND RESERVES
Called up share capital 750 750
Capital redemption reserve 8 250 250
Retained earnings 8 344,607 482,928
SHAREHOLDERS' FUNDS 345,607 483,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 7 November 2023 and were signed by:





Mr M Brookshaw - Director


Project Plus Limited (Registered number: 07016895)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Project Plus Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Project Plus Limited (Registered number: 07016895)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 25,246 154,654 179,900
Additions - 38,690 38,690
Disposals (25,246 ) (193,344 ) (218,590 )
At 30 September 2023 - - -
DEPRECIATION
At 1 October 2022 20,197 90,170 110,367
Charge for year 5,049 13,228 18,277
Eliminated on disposal (25,246 ) (103,398 ) (128,644 )
At 30 September 2023 - - -
NET BOOK VALUE
At 30 September 2023 - - -
At 30 September 2022 5,049 64,484 69,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 94,630
Other debtors - 2,763
Tax 7,543 -
Prepayments - 2,868
7,543 100,261

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,601 9,900
Tax - 23,500
Social security and other taxes 500 25,685
Pension - 958
VAT 2,260 3,812
Other creditors - 106
Directors' current accounts - 68
4,361 64,029

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 9,553

Project Plus Limited (Registered number: 07016895)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 9,553
Provided during year (9,553 )
Balance at 30 September 2023 -

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 October 2022 482,928 250 483,178
Deficit for the year (58,776 ) (58,776 )
Dividends (79,545 ) (79,545 )
At 30 September 2023 344,607 250 344,857

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Brookshaw.

Project Plus Limited

Report of the Accountants to the Director of
Project Plus 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 30 September 2023 set out on page 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.






Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN


7 November 2023