Company Registration No. 14754344 (England and Wales)
Projects Affairs Ltd
Unaudited accounts
for the year ended 31 March 2025
Projects Affairs Ltd
Unaudited accounts
Contents
Projects Affairs Ltd
Company Information
for the year ended 31 March 2025
Director
Olubukola Adegoke
Company Number
14754344 (England and Wales)
Registered Office
95 Rutland Drive
Bury
Lancashire
BL9 9DR
England
Projects Affairs Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
558,166
555,426
Cash at bank and in hand
1,651
20,267
Creditors: amounts falling due within one year
(380,848)
(396,958)
Net current liabilities
(379,197)
(376,691)
Total assets less current liabilities
178,969
178,735
Creditors: amounts falling due after more than one year
(176,817)
(176,817)
Called up share capital
10,000
10,000
Profit and loss account
(7,848)
(8,082)
Shareholders' funds
2,152
1,918
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 30 April 2025 and were signed on its behalf by
Olubukola Adegoke
Director
Company Registration No. 14754344
Projects Affairs Ltd
Notes to the Accounts
for the year ended 31 March 2025
Projects Affairs Ltd is a private company, limited by shares, registered in England and Wales, registration number 14754344. The registered office is 95 Rutland Drive, Bury, Lancashire, BL9 9DR, England.
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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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
544,086
12,000
556,086
At 31 March 2025
550,786
12,000
562,786
Charge for the year
-
3,960
3,960
At 31 March 2025
-
4,620
4,620
At 31 March 2025
550,786
7,380
558,166
At 31 March 2024
544,086
11,340
555,426
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Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1,628
-
Loans from directors
390,829
396,659
Projects Affairs Ltd
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due after more than one year
2025
2024
Bank loans
176,817
176,817
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Average number of employees
During the year the average number of employees was 1 (2024: 1).