Company registration number 08918401 (England and Wales)
PROJECTING SUCCESS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PROJECTING SUCCESS LTD
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 4
PROJECTING SUCCESS LTD
DIRECTOR'S DECLARATION ON UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -
On behalf of the board
M Paver
Director
12 August 2025
PROJECTING SUCCESS LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
18,518
20,393
Current assets
Debtors
4
134,226
183,464
Cash at bank and in hand
558,377
480,404
692,603
663,868
Creditors: amounts falling due within one year
5
(83,198)
(89,657)
Net current assets
609,405
574,211
Net assets
627,923
594,604
Capital and reserves
Called up share capital
6
22
22
Share premium account
2,198
2,198
Capital redemption reserve
(3,333)
(3,333)
Profit and loss reserves
629,036
595,717
Total equity
627,923
594,604
For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 12 August 2025
M Paver
Director
Company registration number 08918401 (England and Wales)
PROJECTING SUCCESS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
Projecting Success Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Woodspring Livery Rd,, West Winterslow, Salisbury, Wiltshire, United Kingdom, SP5 1RH.
1.1
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard section 1A Small Entities. "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rending of services
Turnover from the rending of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer Equipment
30% straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of employees (including directors) during the year was: 23 (2024: 23)
PROJECTING SUCCESS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Computer Equipment
£
Cost
At 1 April 2024
65,173
Additions
10,222
Disposals
(1,252)
At 31 March 2025
74,143
Depreciation and impairment
At 1 April 2024
44,780
Depreciation charged in the year
12,097
Eliminated in respect of disposals
(1,252)
At 31 March 2025
55,625
Carrying amount
At 31 March 2025
18,518
At 31 March 2024
20,393
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
96,093
166,804
Prepayments and accrued income
38,133
16,660
134,226
183,464
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
14,529
17,387
Taxation and social security
35,562
44,122
Other creditors
27,507
27,548
Accruals and deferred income
5,600
600
83,198
89,657
6
Share Capital
2025
2024
£
£
Alloted, Called up and fully paid of 0p each
22
22