Project Beyond Consortium Ltd 11101055 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Research and development within the automotive industry Digita Accounts Production Advanced 6.30.9574.0 true true 11101055 2023-01-01 2023-12-31 11101055 2023-12-31 11101055 core:CurrentFinancialInstruments 2023-12-31 11101055 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11101055 bus:SmallEntities 2023-01-01 2023-12-31 11101055 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11101055 bus:FullAccounts 2023-01-01 2023-12-31 11101055 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11101055 bus:RegisteredOffice 2023-01-01 2023-12-31 11101055 bus:Director1 2023-01-01 2023-12-31 11101055 bus:Director2 2023-01-01 2023-12-31 11101055 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 11101055 countries:EnglandWales 2023-01-01 2023-12-31 11101055 2022-01-01 2022-12-31 11101055 2022-12-31 11101055 core:CurrentFinancialInstruments 2022-12-31 11101055 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 11101055

Project Beyond Consortium Ltd

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Project Beyond Consortium Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Project Beyond Consortium Ltd

Company Information

Directors

Mr Brian Watson

Mr Mark Selby

Registered office

Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW

Accountants

Opus Accounting Limited
Chartered Certified Accountants
Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW

 

Project Beyond Consortium Ltd

(Registration number: 11101055)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

86

82

Cash at bank and in hand

 

11,021

12,754

 

11,107

12,836

Creditors: Amounts falling due within one year

5

(2,943)

(2,943)

Net assets

 

8,164

9,893

Reserves

 

Retained earnings

8,164

9,893

Surplus

 

8,164

9,893

For the financial year ending 31 December 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 year 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 March 2024 and signed on its behalf by:
 

.........................................
Mr Mark Selby
Director

 

Project Beyond Consortium Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW
England

These financial statements were authorised for issue by the Board on 11 March 2024.

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.

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.

 

Project Beyond Consortium Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

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.

3

Staff numbers

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

4

Debtors

Current

2023
£

2022
£

Prepayments

82

82

Other debtors

4

-

 

86

82

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,200

1,200

Other creditors

1,743

1,743

2,943

2,943