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COMPANY REGISTRATION NUMBER: 04619162
Cell Projects Limited
Filleted Unaudited Financial Statements
31 March 2025
Cell Projects Limited
Financial Statements
Year ended 31 March 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Cell Projects Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
40,467
63,221
Current assets
Stocks
289,114
271,774
Debtors
6
319,004
113,348
Cash at bank and in hand
3,929,421
3,099,669
------------
------------
4,537,539
3,484,791
Creditors: amounts falling due within one year
7
663,192
407,583
------------
------------
Net current assets
3,874,347
3,077,208
------------
------------
Total assets less current liabilities
3,914,814
3,140,429
Provisions
10,117
------------
------------
Net assets
3,904,697
3,140,429
------------
------------
Capital and reserves
Called up share capital
100,000
100,000
Profit and loss account
3,804,697
3,040,429
------------
------------
Shareholders funds
3,904,697
3,140,429
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Cell Projects Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 6 August 2025 , and are signed on behalf of the board by:
Mr G Spink
Mr T Hole
Director
Director
Company registration number: 04619162
Cell Projects Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2 Roebuck Business Park, Ashford Road, Harrietsham, Maidstone, Kent, ME17 1AB, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2024: 11 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 April 2024
523,449
6,671
12,377
542,497
Additions
945
2,474
3,419
---------
-------
--------
---------
At 31 March 2025
524,394
6,671
14,851
545,916
---------
-------
--------
---------
Depreciation
At 1 April 2024
460,228
6,671
12,377
479,276
Charge for the year
25,357
816
26,173
---------
-------
--------
---------
At 31 March 2025
485,585
6,671
13,193
505,449
---------
-------
--------
---------
Carrying amount
At 31 March 2025
38,809
1,658
40,467
---------
-------
--------
---------
At 31 March 2024
63,221
63,221
---------
-------
--------
---------
6. Debtors
2025
2024
£
£
Trade debtors
166,078
92,102
Other debtors
152,926
21,246
---------
---------
319,004
113,348
---------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
9,194
67,257
Corporation tax
375,528
117,024
Social security and other taxes
274,995
219,373
Other creditors
3,475
3,929
---------
---------
663,192
407,583
---------
---------
8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
26,000
24,500
Later than 1 year and not later than 5 years
3,847
29,847
--------
--------
29,847
54,347
--------
--------
9. Directors' advances, credits and guarantees
During the year aggregate advances of £136,920 were made to a director and repayments were received totalling £572. During the year interest of £1,041 was charged on the overdrawn balance. At the year end date, the director owed the company £137,389 (2024: the company owed the director £404).