Acorah Software Products - Accounts Production 16.0.110 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 05638238 Ms Pauline Bennett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05638238 2022-11-30 05638238 2023-11-30 05638238 2022-12-01 2023-11-30 05638238 frs-core:CurrentFinancialInstruments 2023-11-30 05638238 frs-core:Non-currentFinancialInstruments 2023-11-30 05638238 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-01 2023-11-30 05638238 frs-core:OtherResidualIntangibleAssets 2023-11-30 05638238 frs-core:OtherResidualIntangibleAssets 2022-11-30 05638238 frs-core:PlantMachinery 2023-11-30 05638238 frs-core:PlantMachinery 2022-12-01 2023-11-30 05638238 frs-core:PlantMachinery 2022-11-30 05638238 frs-core:ShareCapital 2023-11-30 05638238 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 05638238 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05638238 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 05638238 frs-bus:SmallEntities 2022-12-01 2023-11-30 05638238 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 05638238 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05638238 frs-bus:Director1 2022-12-01 2023-11-30 05638238 frs-core:CurrentFinancialInstruments 6 2023-11-30 05638238 frs-countries:EnglandWales 2022-12-01 2023-11-30 05638238 2021-11-30 05638238 2022-11-30 05638238 2021-12-01 2022-11-30 05638238 frs-core:CurrentFinancialInstruments 2022-11-30 05638238 frs-core:Non-currentFinancialInstruments 2022-11-30 05638238 frs-core:ShareCapital 2022-11-30 05638238 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 05638238 frs-core:CurrentFinancialInstruments 6 2022-11-30
Registered number: 05638238
Project West Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
JP Accountancy and Taxation Solutions Ltd
Phoenix House
Phoenix Business Centre
Rosslyn Crescent, Harrow
Middlesex
HA1 2SP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05638238
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 694,696 694,696
Tangible Assets 5 233 311
694,929 695,007
CURRENT ASSETS
Debtors 6 4,701 38,976
Cash at bank and in hand 19,391 20,015
24,092 58,991
Creditors: Amounts Falling Due Within One Year 7 (132,858 ) (110,645 )
NET CURRENT ASSETS (LIABILITIES) (108,766 ) (51,654 )
TOTAL ASSETS LESS CURRENT LIABILITIES 586,163 643,353
Creditors: Amounts Falling Due After More Than One Year 8 (33,042 ) (38,353 )
NET ASSETS 553,121 605,000
CAPITAL AND RESERVES
Called up share capital 9 770,000 770,000
Profit and Loss Account (216,879 ) (165,000 )
SHAREHOLDERS' FUNDS 553,121 605,000
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Pauline Bennett
Director
31/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Project West Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05638238 . The registered office is 27 Sandringham Road, Northolt, UB5 5HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 7)
7 7
4. Intangible Assets
Other
£
Cost
As at 1 December 2022 694,696
As at 30 November 2023 694,696
Net Book Value
As at 30 November 2023 694,696
As at 1 December 2022 694,696
Page 3
Page 4
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2022 3,172
As at 30 November 2023 3,172
Depreciation
As at 1 December 2022 2,861
Provided during the period 78
As at 30 November 2023 2,939
Net Book Value
As at 30 November 2023 233
As at 1 December 2022 311
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,536 38,811
VAT 165 165
4,701 38,976
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other loans 14,000 14,000
Other taxes and social security 48,351 34,454
Net wages 2,355 -
Other creditors (6) 45,000 45,000
Accruals and deferred income 1,207 1,200
Director's loan account 21,945 15,991
132,858 110,645
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 33,042 38,353
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 770,000 770,000
Page 4