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
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
Project Orange Limited
Statement of financial position
as at 31 August 2024
Tangible assets
22,676
33,642
Cash at bank and in hand
639,953
444,749
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
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
Project Orange Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
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.
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
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
At 31 August 2024
19,522
1
3,153
22,676
At 31 August 2023
28,893
(157)
4,906
33,642
Project Orange Limited
Notes to the Accounts
for the year ended 31 August 2024
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
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
7,856
11,050
Taxes and social security
56,761
32,430
Loans from directors
316
445
7
Deferred taxation
2024
2023
Accelerated capital allowances
5,669
6,392
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.
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).