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Company Registration No. 03426218 (England and Wales)
Project Orange Limited Unaudited accounts for the year ended 31 August 2024
Project Orange Limited Unaudited accounts Contents
Page
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Project Orange Limited Company Information for the year ended 31 August 2024
Directors
C. D. Ash J. M. M. Soane
Company Number
03426218 (England and Wales)
Registered Office
Orange Cottage Prentice Street, Lavenham Sudbury England CO10 9RD
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Project Orange Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,676 
33,642 
Current assets
Debtors
969,184 
972,620 
Cash at bank and in hand
639,953 
444,749 
1,609,137 
1,417,369 
Creditors: amounts falling due within one year
(83,038)
(63,473)
Net current assets
1,526,099 
1,353,896 
Total assets less current liabilities
1,548,775 
1,387,538 
Provisions for liabilities
Deferred tax
(5,669)
(6,392)
Net assets
1,543,106 
1,381,146 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,543,006 
1,381,046 
Shareholders' funds
1,543,106 
1,381,146 
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by
C. D. Ash Director Company Registration No. 03426218
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Project Orange Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Project Orange Limited is a private company, limited by shares, registered in England and Wales, registration number 03426218. The registered office is Orange Cottage Prentice Street, , Lavenham, Sudbury, England, CO10 9RD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
17% Straight line
Fixtures & fittings
25% Straight line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
61,005 
28,572 
7,013 
96,590 
At 31 August 2024
61,005 
28,572 
7,013 
96,590 
Depreciation
At 1 September 2023
32,112 
28,729 
2,107 
62,948 
Charge for the year
9,371 
(158)
1,753 
10,966 
At 31 August 2024
41,483 
28,571 
3,860 
73,914 
Net book value
At 31 August 2024
19,522 
1 
3,153 
22,676 
At 31 August 2023
28,893 
(157)
4,906 
33,642 
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Project Orange Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
81,852 
81,155 
Amounts due from group undertakings etc.
878,056 
878,056 
Accrued income and prepayments
8,820 
12,953 
Other debtors
456 
456 
969,184 
972,620 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,177 
15,781 
Trade creditors
7,856 
11,050 
Taxes and social security
56,761 
32,430 
Other creditors
128 
- 
Loans from directors
316 
445 
Accruals
3,800 
3,767 
83,038 
63,473 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
5,669 
6,392 
2024 
2023 
£ 
£ 
Provision at start of year
6,392 
9,053 
Credited to the profit and loss account
(723)
(2,661)
Provision at end of year
5,669 
6,392 
8
Transactions with related parties
At the balance sheet date £878,056 was due from its parent company.
9
Controlling party
The parent company is Fifty Fifty Holdings Limited, a company incorporated in England and Wales
10
Average number of employees
During the year the average number of employees was 7 (2023: 6).
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