Silverfin false false 31/12/2023 01/01/2023 31/12/2023 L Girling 08/02/2021 28 August 2024 The principal activity of the company during the year was the online selling of physical well-being activities. 13185424 2023-12-31 13185424 bus:Director1 2023-12-31 13185424 2022-12-31 13185424 core:CurrentFinancialInstruments 2023-12-31 13185424 core:CurrentFinancialInstruments 2022-12-31 13185424 core:ShareCapital 2023-12-31 13185424 core:ShareCapital 2022-12-31 13185424 core:RetainedEarningsAccumulatedLosses 2023-12-31 13185424 core:RetainedEarningsAccumulatedLosses 2022-12-31 13185424 core:OfficeEquipment 2022-12-31 13185424 core:ComputerEquipment 2022-12-31 13185424 core:OfficeEquipment 2023-12-31 13185424 core:ComputerEquipment 2023-12-31 13185424 2023-01-01 2023-12-31 13185424 bus:FilletedAccounts 2023-01-01 2023-12-31 13185424 bus:SmallEntities 2023-01-01 2023-12-31 13185424 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13185424 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13185424 bus:Director1 2023-01-01 2023-12-31 13185424 core:OfficeEquipment core:TopRangeValue 2023-01-01 2023-12-31 13185424 core:ComputerEquipment core:TopRangeValue 2023-01-01 2023-12-31 13185424 2022-01-01 2022-12-31 13185424 core:OfficeEquipment 2023-01-01 2023-12-31 13185424 core:ComputerEquipment 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 13185424 (England and Wales)

PROJECT YOU ONLINE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

PROJECT YOU ONLINE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

PROJECT YOU ONLINE LIMITED

BALANCE SHEET

As at 31 December 2023
PROJECT YOU ONLINE LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,819 0
1,819 0
Current assets
Debtors 4 38,900 25,938
Cash at bank and in hand 4,378 1,273
43,278 27,211
Creditors: amounts falling due within one year 5 ( 29,241) ( 21,974)
Net current assets 14,037 5,237
Total assets less current liabilities 15,856 5,237
Net assets 15,856 5,237
Capital and reserves
Called-up share capital 100 100
Profit and loss account 15,756 5,137
Total shareholder's funds 15,856 5,237

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.

Director's responsibilities:

The financial statements of Project You Online Limited (registered number: 13185424) were approved and authorised for issue by the Director on 28 August 2024. They were signed on its behalf by:

L Girling
Director
PROJECT YOU ONLINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
PROJECT YOU ONLINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Project You Online Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 118 Beaufort Road, Bournemouth, BH6 5AR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Office equipment 3 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 January 2023 0 0 0
Additions 559 2,169 2,728
At 31 December 2023 559 2,169 2,728
Accumulated depreciation
At 01 January 2023 0 0 0
Charge for the financial year 186 723 909
At 31 December 2023 186 723 909
Net book value
At 31 December 2023 373 1,446 1,819
At 31 December 2022 0 0 0

4. Debtors

2023 2022
£ £
Other debtors 38,900 25,938

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 4,690 19,619
Taxation and social security 8,632 1,205
Other creditors 15,919 1,150
29,241 21,974