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REGISTERED NUMBER: 04760888 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

PROJECT SUCCESS LIMITED

PROJECT SUCCESS LIMITED (REGISTERED NUMBER: 04760888)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROJECT SUCCESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: I R McKenna



REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA



REGISTERED NUMBER: 04760888 (England and Wales)



ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA



BANKERS: Lloyds TSB
Market Street
Wellingborough
Northamptonshire
NN8 1AG

PROJECT SUCCESS LIMITED (REGISTERED NUMBER: 04760888)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 297 396

CURRENT ASSETS
Debtors 5 208,730 130,731
Investments 6 1 1
Cash at bank 7,326 4,358
216,057 135,090
CREDITORS
Amounts falling due within one year 7 17,355 54,345
NET CURRENT ASSETS 198,702 80,745
TOTAL ASSETS LESS CURRENT LIABILITIES 198,999 81,141

PROVISIONS FOR LIABILITIES 175 175
NET ASSETS 198,824 80,966

CAPITAL AND RESERVES
Called up share capital 85,010 85,010
Retained earnings 113,814 (4,044 )
SHAREHOLDERS' FUNDS 198,824 80,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28th November 2024 and were signed by:




I R McKenna - Director


PROJECT SUCCESS LIMITED (REGISTERED NUMBER: 04760888)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Project Success Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Trust
The Company has created a trust whose beneficiaries will include employees of the Company and their dependents. Assets held under this trust will be controlled by trustees who will be acting independently and entirely at their own discretion.

Where assets are held in the trust and these are considered by the Company to be in respect of services already provided by employees to the Company, the Company will account for these as assets of the Company until the earlier of it no longer having de facto control of these assets and it not obtaining future economic benefit from these assets. The value transferred will be charged in the Company’s profit and loss account for the year to which it relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

PROJECT SUCCESS LIMITED (REGISTERED NUMBER: 04760888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 963 13,909 14,872
DEPRECIATION
At 1st April 2023 945 13,531 14,476
Charge for year 4 95 99
At 31st March 2024 949 13,626 14,575
NET BOOK VALUE
At 31st March 2024 14 283 297
At 31st March 2023 18 378 396

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 77,999 -
Other debtors 46,581 46,581
124,580 46,581

Amounts falling due after more than one year:
Other debtors 84,150 84,150

Aggregate amounts 208,730 130,731

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings 1 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,800 -
Amounts owed to group undertakings - 5,001
Taxation and social security 958 802
Other creditors 14,597 48,542
17,355 54,345

PROJECT SUCCESS LIMITED (REGISTERED NUMBER: 04760888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. RELATED PARTY DISCLOSURES

At the balance sheet date, included within other creditors is £13,847 (2023: £47,792) in relation to the directors loan account. This loan is interest free and has no repayment terms.

Included within debtors is an amount owing by Project Success Services Ltd, a subsidiary, of £77,999 (2023: £5,001 Creditor).