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Registered Number: 11556283
England and Wales

 

 

 

PROJECTPAY LTD


Abridged Accounts
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Investments 3 100,446   
100,446   
Current assets      
Debtors 1,032    77,782 
Cash at bank and in hand 7,682    131 
8,714    77,913 
Creditors: amount falling due within one year (66,541)   (33,443)
Net current assets (57,827)   44,470 
 
Total assets less current liabilities 42,619    44,470 
Creditors: amount falling due after more than one year (257,493)   (175,477)
Provisions for liabilities (770)   (904)
Net assets (215,644)   (131,911)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (215,645)   (131,912)
Shareholders' funds (215,644)   (131,911)
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 08 August 2024 and were signed by:


-------------------------------
Louise Stewart
Director
1
General Information
PROJECTPAY LTD is a private company, limited by shares, registered in England and Wales, registration number 11556283, registration address 49 GREEK STREET, LONDON, W1D 4EG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 2).
3.

Investments

Cost Loans to group undertakings   Total
  £   £
At 01 July 2023  
Additions 100,446    100,446 
Transfer to/from tangible fixed assets  
Disposals  
At 30 June 2024 100,446    100,446 

2