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REGISTERED NUMBER: 11250489 (England and Wales)















Unaudited Financial Statements For The Year Ended 24 March 2023

for

This is Projekt Ltd

This is Projekt Ltd (Registered number: 11250489)






Contents of the Financial Statements
For The Year Ended 24 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


This is Projekt Ltd

Company Information
For The Year Ended 24 March 2023







DIRECTORS: N J Hartwright
C Calverley
A Drew
M D S James





REGISTERED OFFICE: 58 Old Compton Street
Soho
London
W1D 4UF





REGISTERED NUMBER: 11250489 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

This is Projekt Ltd (Registered number: 11250489)

Balance Sheet
24 March 2023

24.3.23 24.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,205 1,816

CURRENT ASSETS
Debtors 5 784,334 858,384
Cash at bank and in hand 4,882 9,037
789,216 867,421
CREDITORS
Amounts falling due within one year 6 955,574 897,959
NET CURRENT LIABILITIES (166,358 ) (30,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,153

)

(28,722

)

CREDITORS
Amounts falling due after more than one
year

7

35,417

40,530
NET LIABILITIES (101,570 ) (69,252 )

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 99,800 99,800
Retained earnings (201,570 ) (169,252 )
(101,570 ) (69,252 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

This is Projekt Ltd (Registered number: 11250489)

Balance Sheet - continued
24 March 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





N J Hartwright - Director


This is Projekt Ltd (Registered number: 11250489)

Notes to the Financial Statements
For The Year Ended 24 March 2023

1. STATUTORY INFORMATION

This is Projekt Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at fair value of consideration received or receivable, is recognised as services are provided and excludes value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the lease term
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

This is Projekt Ltd (Registered number: 11250489)

Notes to the Financial Statements - continued
For The Year Ended 24 March 2023

4. TANGIBLE FIXED ASSETS
Short Computer
leasehold equipment Totals
£    £    £   
COST
At 25 March 2022 - 1,855 1,855
Additions 127,096 - 127,096
At 24 March 2023 127,096 1,855 128,951
DEPRECIATION
At 25 March 2022 - 39 39
Charge for year 28,244 463 28,707
At 24 March 2023 28,244 502 28,746
NET BOOK VALUE
At 24 March 2023 98,852 1,353 100,205
At 24 March 2022 - 1,816 1,816

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.3.23 24.3.22
£    £   
Trade debtors 40,604 -
Other debtors 242,924 5,384
VAT - 1,944
Prepayments & accrued income 500,806 851,056
784,334 858,384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.3.23 24.3.22
£    £   
Bank loans and overdrafts 5,016 4,920
Trade creditors 43,838 14,824
Social security and other taxes 69,672 46,543
VAT 217 -
Other creditors 766,306 803,051
Directors' current accounts 64,256 23,831
Accruals and deferred income 6,269 4,790
955,574 897,959

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
24.3.23 24.3.22
£    £   
Bank loans 35,417 40,530

This is Projekt Ltd (Registered number: 11250489)

Notes to the Financial Statements - continued
For The Year Ended 24 March 2023

8. OTHER FINANCIAL COMMITMENTS

The company has entered into a lease agreement for property for the period October 2021 to September 2026. Payments of rent under this agreement will only be made to the extent of 50% of the rent received from that property once the rents received have exceeded the costs of the refurbishment of the property with a cap on allowable refurbishment costs of £500,000.