1 August 2022 false No description of principal activity Taxfiler 2024.4 SC634998business:PrivateLimitedCompanyLtd2022-08-012023-07-31 SC6349982022-07-31 SC6349982022-08-012023-07-31 SC634998business:AuditExempt-NoAccountantsReport2022-08-012023-07-31 SC634998business:FilletedAccounts2022-08-012023-07-31 SC6349982023-07-31 SC634998business:Director12022-08-012023-07-31 SC634998business:Director22022-08-012023-07-31 SC634998business:RegisteredOffice2022-08-012023-07-31 SC6349982022-07-31 SC634998core:WithinOneYear2023-07-31 SC634998core:WithinOneYear2022-07-31 SC634998core:AfterOneYear2023-07-31 SC634998core:AfterOneYear2022-07-31 SC634998core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC634998core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 SC634998core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC634998core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 SC634998core:PreviouslyStatedAmount2023-07-31 SC634998core:PreviouslyStatedAmount2022-07-31 SC634998business:SmallEntities2022-08-012023-07-31 SC634998countries:Scotland2022-08-012023-07-31 SC634998core:LandBuildings2022-08-012023-07-31 SC634998core:PlantMachinery2022-08-012023-07-31 SC634998core:LandBuildings2022-07-31 SC634998core:PlantMachinery2022-07-31 SC634998core:LandBuildings2023-07-31 SC634998core:PlantMachinery2023-07-31 SC6349982021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC634998 (Scotland)
Context Projects Ltd Unaudited accounts for the year ended 31 July 2023
Context Projects Ltd Unaudited accounts Contents
Page
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Context Projects Ltd Company Information for the year ended 31 July 2023
Directors
Alice McRae Andrew Alexander McRae
Company Number
SC634998 (Scotland)
Registered Office
40 Victoria Street Edinburgh EH1 2JW Scotland
Accountants
Braes Accountancy Limited Ironworks Business Centre Castlelaurie Industrial Estate Falkirk Stirlingshire FK2 7XE
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Context Projects Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
633,273 
333,876 
Current assets
Cash at bank and in hand
1,313 
313,089 
Creditors: amounts falling due within one year
(494,940)
(659,481)
Net current liabilities
(493,627)
(346,392)
Total assets less current liabilities
139,646 
(12,516)
Creditors: amounts falling due after more than one year
(173,088)
- 
Net liabilities
(33,442)
(12,516)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(33,542)
(12,616)
Shareholders' funds
(33,442)
(12,516)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Andrew Alexander McRae Director Company Registration No. SC634998
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Context Projects Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Context Projects Ltd is a private company, limited by shares, registered in Scotland, registration number SC634998. The registered office is 40 Victoria Street, Edinburgh, EH1 2JW, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% Straight Line
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
329,171 
25,444 
354,615 
Additions
308,745 
- 
308,745 
At 31 July 2023
637,916 
25,444 
663,360 
Depreciation
At 1 August 2022
7,170 
13,569 
20,739 
Charge for the year
6,380 
2,968 
9,348 
At 31 July 2023
13,550 
16,537 
30,087 
Net book value
At 31 July 2023
624,366 
8,907 
633,273 
At 31 July 2022
322,001 
11,875 
333,876 
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Context Projects Ltd Notes to the Accounts for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
193,089 
Taxes and social security
- 
3,292 
Other creditors
483,500 
460,000 
Accruals
1,440 
3,100 
494,940 
659,481 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
173,088 
- 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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