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REGISTERED NUMBER: 10824697 (England and Wales)















Unaudited Financial Statements For The Year Ended 24 March 2024

for

The Gasworks Project Ltd

The Gasworks Project Ltd (Registered number: 10824697)






Contents of the Financial Statements
For The Year Ended 24 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Gasworks Project Ltd

Company Information
For The Year Ended 24 March 2024







DIRECTOR: N J Hartwright





REGISTERED OFFICE: C/O the Factory Project Ltd
4 Thameside Industrial Estate
Factory Road
London
E16 2HB





REGISTERED NUMBER: 10824697 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

The Gasworks Project Ltd (Registered number: 10824697)

Balance Sheet
24 March 2024

24.3.24 24.3.23
Notes £    £   
CURRENT ASSETS
Debtors 5 233,555 448,302
Cash at bank 239 502
233,794 448,804
CREDITORS
Amounts falling due within one year 6 234,533 441,539
NET CURRENT (LIABILITIES)/ASSETS (739 ) 7,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

(739

)

7,265

CREDITORS
Amounts falling due after more than one
year

7

32,329

37,655
NET LIABILITIES (33,068 ) (30,390 )

RESERVES
Retained earnings 8 (33,068 ) (30,390 )
(33,068 ) (30,390 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 June 2025 and were signed by:





N J Hartwright - Director


The Gasworks Project Ltd (Registered number: 10824697)

Notes to the Financial Statements
For The Year Ended 24 March 2024

1. STATUTORY INFORMATION

The Gasworks Project Ltd is a private company, limited by guarantee , 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.

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

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

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, where material, is recognised on all 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. 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.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at Bank and in Hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Government grants
Grants towards capital expenditure are shown as credits, when received, against the relevant fixed asset heading and are thus effectively released to profit and loss account over the life of the relevant fixed assets by reducing the depreciation charge.

Grants toward revenue expenditure are taken straight to profit and loss account when received and shown as other operating income.

Where there are conditions attaching to the grants, the directors keep these under review such that should any of the grants become repayable, this is then transferred back to creditors.

The Gasworks Project Ltd (Registered number: 10824697)

Notes to the Financial Statements - continued
For The Year Ended 24 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 25 March 2023
and 24 March 2024 25,515
DEPRECIATION
At 25 March 2023
and 24 March 2024 25,515
NET BOOK VALUE
At 24 March 2024 -
At 24 March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.3.24 24.3.23
£    £   
Other debtors 230,365 445,799
VAT 3,190 2,503
233,555 448,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.3.24 24.3.23
£    £   
Bank loans and overdrafts 5,329 5,200
Trade creditors 104,341 102,613
Other creditors 104,400 2,268
Accrued expenses 20,463 331,458
234,533 441,539

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
24.3.24 24.3.23
£    £   
Bank loans 32,329 37,655

8. RESERVES
Retained
earnings
£   

At 25 March 2023 (30,390 )
Deficit for the year (2,678 )
At 24 March 2024 (33,068 )