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Registered number: 03761379
Concept Project Management Services Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2024
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03761379
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,795 5,303
46,795 5,303
CURRENT ASSETS
Debtors 5 98,854 80,750
Cash at bank and in hand 94,060 129,882
192,914 210,632
Creditors: Amounts Falling Due Within One Year 6 (99,207 ) (92,192 )
NET CURRENT ASSETS (LIABILITIES) 93,707 118,440
TOTAL ASSETS LESS CURRENT LIABILITIES 140,502 123,743
Creditors: Amounts Falling Due After More Than One Year 7 (38,102 ) (14,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (2,985 ) (1,050 )
NET ASSETS 99,415 108,526
CAPITAL AND RESERVES
Called up share capital 9 96,102 96,102
Profit and Loss Account 3,313 12,424
SHAREHOLDERS' FUNDS 99,415 108,526
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For the year ending 31 December 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 directors acknowledge their 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
Mrs Collette Garbett
Director
Mr David Garbett
Director
27 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Concept Project Management Services Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03761379 . The registered office is Canada House, First Floor, 20/20 Business Park, Maidstone, Kent, ME16 0LS.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.
Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. 
Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 7,488 - 3,112 104,166 114,766
Additions 875 42,500 336 - 43,711
As at 31 December 2024 8,363 42,500 3,448 104,166 158,477
Depreciation
As at 1 January 2024 7,205 - 1,431 100,827 109,463
Provided during the period 107 885 392 835 2,219
As at 31 December 2024 7,312 885 1,823 101,662 111,682
Net Book Value
As at 31 December 2024 1,051 41,615 1,625 2,504 46,795
As at 1 January 2024 283 - 1,681 3,339 5,303
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 41,614 -
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 95,311 14,840
Prepayments and accrued income 3,044 -
Other debtors 499 30
Other taxes and social security - 2,643
98,854 17,513
Due after more than one year
Other debtors - 63,237
98,854 80,750
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,565 -
Trade creditors 4,502 4,004
Bank loans and overdrafts 10,000 10,000
Corporation tax 42,539 33,553
Other taxes and social security 1,045 -
VAT 37,473 36,304
Directors' loan accounts 83 8,331
99,207 92,192
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,935 -
Bank loans 4,167 14,167
38,102 14,167
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 2,985 1,050
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 96,102 96,102
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10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr David Garbett 8,331 16,185 7,937 - 83
The above loan is unsecured, repayable on demand and ranks equally with other unsecured creditors of the company. 
11. Ultimate Controlling Party
The company's ultimate controlling parties are the directors by virtue of their ownership of 100% of the issued share capital in the company.
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