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Company registration number: SC722691
PROJECTBLUES LTD
Unaudited filleted financial statements
28 February 2024
PROJECTBLUES LTD
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
PROJECTBLUES LTD
Directors and other information
Directors Mr Robert Dickie
Mrs Patricia Dickie
Company number SC722691
Registered office 14 Leith Place
Denny
Scotland
FK6 5NN
Business address 14 Leith Place
Denny
FK6 5NN
Accountants Dickson Middleton
5/9 Bridge Street
Bonnybridge
FK4 1AD
PROJECTBLUES LTD
Statement of financial position
28 February 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 - 19,355
Cash at bank and in hand 26,277 45,077
_______ _______
26,277 64,432
Creditors: amounts falling due
within one year 6 ( 29,743) ( 66,190)
_______ _______
Net current liabilities ( 3,466) ( 1,758)
_______ _______
Total assets less current liabilities ( 3,466) ( 1,758)
_______ _______
Net liabilities ( 3,466) ( 1,758)
_______ _______
Capital and reserves
Called up share capital 7 100 -
Profit and loss account ( 3,566) ( 1,758)
_______ _______
Shareholders deficit ( 3,466) ( 1,758)
_______ _______
For the year ending 28 February 2024 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 September 2024 , and are signed on behalf of the board by:
Mr Robert Dickie
Director
Company registration number: SC722691
PROJECTBLUES LTD
Notes to the financial statements
Year ended 28 February 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 14 Leith Place, Denny, Scotland, FK6 5NN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Staff costs
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024 2023
£ £
Trade debtors - 19,355
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 29,743 66,190
_______ _______
7. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______