The Site Projects Limited 13193785 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is 41100 - Development of building projects Digita Accounts Production Advanced 6.30.9574.0 true true 13193785 2023-03-01 2024-02-29 13193785 2024-02-29 13193785 core:RetainedEarningsAccumulatedLosses 2024-02-29 13193785 core:ShareCapital 2024-02-29 13193785 core:CurrentFinancialInstruments 2024-02-29 13193785 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 13193785 core:FurnitureFittingsToolsEquipment 2024-02-29 13193785 bus:SmallEntities 2023-03-01 2024-02-29 13193785 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13193785 bus:FilletedAccounts 2023-03-01 2024-02-29 13193785 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13193785 bus:RegisteredOffice 2023-03-01 2024-02-29 13193785 bus:Director1 2023-03-01 2024-02-29 13193785 bus:Director2 2023-03-01 2024-02-29 13193785 bus:Director3 2023-03-01 2024-02-29 13193785 bus:Director4 2023-03-01 2024-02-29 13193785 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13193785 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 13193785 core:OfficeEquipment 2023-03-01 2024-02-29 13193785 core:KeyManagementPersonnel 2023-03-01 2024-02-29 13193785 core:OtherRelatedParties 2023-03-01 2024-02-29 13193785 countries:EnglandWales 2023-03-01 2024-02-29 13193785 2023-02-28 13193785 core:FurnitureFittingsToolsEquipment 2023-02-28 13193785 2022-03-01 2023-02-28 13193785 2023-02-28 13193785 core:RetainedEarningsAccumulatedLosses 2023-02-28 13193785 core:ShareCapital 2023-02-28 13193785 core:CurrentFinancialInstruments 2023-02-28 13193785 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13193785 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 13193785

The Site Projects Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

The Site Projects Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

The Site Projects Limited

Company Information

Directors

Mr J T Barnfield

Mr N A Heaton

Mr D A R Heaton

Mr C A Barnfield

Registered office

Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

The Site Projects Limited

(Registration number: 13193785)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

383

765

Current assets

 

Debtors

5

24,754

10,277

Cash at bank and in hand

 

1,267

5,031

 

26,021

15,308

Creditors: Amounts falling due within one year

6

(17,572)

(9,660)

Net current assets

 

8,449

5,648

Net assets

 

8,832

6,413

Capital and reserves

 

Called up share capital

301

301

Retained earnings

8,531

6,112

Shareholders' funds

 

8,832

6,413

For the financial year ending 29 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 November 2024 and signed on its behalf by:
 

.........................................
Mr J T Barnfield
Director

 

The Site Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
England

The principal place of business is:
The Site
24 Chosen View Road
Cheltenham
Gloucestershire
GL51 9LT
England

These financial statements were authorised for issue by the Board on 19 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Pounds Sterling (£), which is the Company’s functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

Going concern

The financial statements have been prepared on a going concern basis.

 

The Site Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% On cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

The Site Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

The Site Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

1,148

1,148

At 29 February 2024

1,148

1,148

Depreciation

At 1 March 2023

383

383

Charge for the year

382

382

At 29 February 2024

765

765

Carrying amount

At 29 February 2024

383

383

At 28 February 2023

765

765

5

Debtors

Current

2024
£

2023
£

Trade debtors

15,427

10,277

Other debtors

9,327

-

 

24,754

10,277

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

12,637

3,806

Taxation and social security

2,060

3,364

Accruals and deferred income

2,875

2,490

17,572

9,660

 

The Site Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Related party transactions

Key management personnel

There are no balances due to the directors at the year end.

Summary of transactions with other related parties

There is currently a balance due from The Foresite Group Ltd for £2,875 (2023 - £nil). The company is related due to the directors acting for both companies.