Project Storm Garden Ltd 10682409 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Sports Marketing Consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 10682409 2022-04-01 2023-03-31 10682409 2023-03-31 10682409 bus:OrdinaryShareClass1 2023-03-31 10682409 bus:OrdinaryShareClass2 2023-03-31 10682409 1 2023-03-31 10682409 core:CurrentFinancialInstruments 2023-03-31 10682409 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10682409 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10682409 bus:SmallEntities 2022-04-01 2023-03-31 10682409 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10682409 bus:AbridgedAccounts 2022-04-01 2023-03-31 10682409 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10682409 bus:RegisteredOffice 2022-04-01 2023-03-31 10682409 bus:Director1 2022-04-01 2023-03-31 10682409 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10682409 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 10682409 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10682409 1 2022-04-01 2023-03-31 10682409 countries:UnitedKingdom 2022-04-01 2023-03-31 10682409 2021-04-01 2022-03-31 10682409 2022-03-31 10682409 bus:OrdinaryShareClass1 2022-03-31 10682409 bus:OrdinaryShareClass2 2022-03-31 10682409 core:CurrentFinancialInstruments 2022-03-31 10682409 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 10682409 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10682409

Project Storm Garden Ltd

trading as Project Storm Garden

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2023

 

Project Storm Garden Ltd

trading as Project Storm Garden

Contents

Company Information

1

Director's Report

2

Abridged Balance Sheet

3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Project Storm Garden Ltd

trading as Project Storm Garden

Company Information

Director

Mr Haydn Dodge

Registered office

14 Brook Dene
Winslow
Buckingham
Buckinghamshire
MK18 3FU

Accountants

MK4 Accountants
14 Brook Dene
Winslow
Buckingham
Buckinghamshire
MK18 3FU

 

Project Storm Garden Ltd

trading as Project Storm Garden

Director's Report for the Year Ended 31 March 2023

The director presents his report and the abridged financial statements for the year ended 31 March 2023.

Change of company name

The company changed its name from HSD Consulting Ltd to Project Storm Garden Ltd effective from 3 November 2023.

Director of the company

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

Mr Haydn Dodge

Principal activity

The principal activity of the company is Sports Marketing Consultancy

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 director on 10 November 2023
 

.........................................
Mr Haydn Dodge
Director

 

Project Storm Garden Ltd

trading as Project Storm Garden

(Registration number: 10682409)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

39,621

12,545

Cash at bank and in hand

 

3,785

33,678

 

43,406

46,223

Creditors: Amounts falling due within one year

(26,380)

(11,350)

Total assets less current liabilities

 

17,026

34,873

Creditors: Amounts falling due after more than one year

(8,887)

(33,533)

Accruals and deferred income

 

(607)

(863)

Net assets

 

7,532

477

Capital and reserves

 

Called up share capital

5

2

2

Retained earnings

7,530

475

Shareholders' funds

 

7,532

477

For the financial year ending 31 March 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 10 November 2023
 

.........................................
Mr Haydn Dodge
Director

 

Project Storm Garden Ltd

trading as Project Storm Garden

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The company was formerly known as HSD Consulting Ltd.

The address of its registered office is:
14 Brook Dene
Winslow
Buckingham
Buckinghamshire
MK18 3FU
England

The principal place of business is:
31 Heyford Way
Old Hatfield
Herts
AL10 0AT
United Kingdom

These financial statements were authorised for issue by the director on 10 November 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 abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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.

 

Project Storm Garden Ltd

trading as Project Storm Garden

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 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 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Project Storm Garden Ltd

trading as Project Storm Garden

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A Share of £1 each

1

1

1

1

Ordinary B Share of £1 each

1

1

1

1

 

2

2

2

2