Company Registration No. 07348740 (England and Wales)
Church Lane Project Limited
Unaudited accounts
for the period from 1 September 2023 to 31 March 2024
Church Lane Project Limited
Unaudited accounts
Contents
Church Lane Project Limited
Company Information
for the period from 1 September 2023 to 31 March 2024
Director
Geoffrey Michael Milton
Company Number
07348740 (England and Wales)
Registered Office
Venta House 9a
Port Road, Maesglas Retail Park
Newport
NP20 2NS
Accountants
Evans Entwistle
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Church Lane Project Limited
for the period from 1 September 2023 to 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Church Lane Project Limited for the period from 1 September 2023 to 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
25 October 2024
Church Lane Project Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
539
3,776
Creditors: amounts falling due within one year
(29,094)
(70,643)
Net current assets
18,676
37,358
Total assets less current liabilities
19,284
38,202
Creditors: amounts falling due after more than one year
(35,576)
(39,805)
Provisions for liabilities
Net liabilities
(16,408)
(1,764)
Called up share capital
1
1
Profit and loss account
(16,409)
(1,765)
Shareholders' funds
(16,408)
(1,764)
For the period ending 31 March 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 and authorised for issue on 25 October 2024 and were signed on its behalf by
Geoffrey Michael Milton
Director
Company Registration No. 07348740
Church Lane Project Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 March 2024
Church Lane Project Limited is a private company, limited by shares, registered in England and Wales, registration number 07348740. The registered office is Venta House 9a, Port Road, Maesglas Retail Park, Newport, NP20 2NS.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Church Lane Project Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 March 2024
4
Tangible fixed assets
Total
5
Deferred taxation
2024
2023
Accelerated capital allowances
116
161
Provision at start of period
161
346
Credited to the profit and loss account
(45)
(185)
Provision at end of period
116
161
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the period the average number of employees was 1 (2023: 1).