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REGISTERED NUMBER: 04662652 (England and Wales)








Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Projex Design Limited

Projex Design Limited (Registered number: 04662652)

Contents of the Financial Statements
for the Year Ended 28 February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Projex Design Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: Mrs G Packman
A R Packman





REGISTERED OFFICE: Rivelin Rokeby Drive
Tokers Green
Reading
Berkshire
RG4 9EN





REGISTERED NUMBER: 04662652 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Projex Design Limited (Registered number: 04662652)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £   
CURRENT ASSETS
Debtors 5 4,003 4,138
Cash at bank 24,829 27,860
28,832 31,998
CREDITORS
Amounts falling due within one year 6 22,732 8,617
NET CURRENT ASSETS 6,100 23,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,100

23,381

PROVISIONS FOR LIABILITIES 7 - 472
NET ASSETS 6,100 22,909

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 6,000 22,809
SHAREHOLDERS' FUNDS 6,100 22,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Projex Design Limited (Registered number: 04662652)

Balance Sheet - continued
28 February 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:




Mrs G Packman - Director



A R Packman - Director


Projex Design Limited (Registered number: 04662652)

Notes to the Financial Statements
for the Year Ended 28 February 2025


1. STATUTORY INFORMATION

Projex Design 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on cost
Plant and machinery - 25% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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, adjusted for indexation where applicable.

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.

Projex Design Limited (Registered number: 04662652)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 March 2024
and 28 February 2025 21,899 1,624 23,523
DEPRECIATION
At 1 March 2024
and 28 February 2025 21,899 1,624 23,523
NET BOOK VALUE
At 28 February 2025 - - -
At 29 February 2024 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 4,003 3,131
Other debtors - 1,007
4,003 4,138

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors 4,088 53
Taxation and social security 1,608 2,661
Other creditors 17,036 5,903
22,732 8,617

Projex Design Limited (Registered number: 04662652)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


7. PROVISIONS FOR LIABILITIES
28.2.25 29.2.24
£    £   
Deferred tax - 472

Deferred
tax
£   
Balance at 1 March 2024 472
Accelerated capital allowances (472 )
Balance at 28 February 2025 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
100 Ordinary £1 100 100