9 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-31 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 08598890 2023-03-31 2024-03-29 08598890 2024-03-29 08598890 2023-03-30 08598890 2022-03-31 2023-03-30 08598890 2023-03-30 08598890 2022-03-30 08598890 core:MotorVehicles 2023-03-31 2024-03-29 08598890 bus:Director1 2023-03-31 2024-03-29 08598890 bus:Director2 2023-03-31 2024-03-29 08598890 core:MotorVehicles 2023-03-30 08598890 core:MotorVehicles 2024-03-29 08598890 core:WithinOneYear 2024-03-29 08598890 core:WithinOneYear 2023-03-30 08598890 core:AfterOneYear 2024-03-29 08598890 core:AfterOneYear 2023-03-30 08598890 core:ShareCapital 2024-03-29 08598890 core:ShareCapital 2023-03-30 08598890 core:RetainedEarningsAccumulatedLosses 2024-03-29 08598890 core:RetainedEarningsAccumulatedLosses 2023-03-30 08598890 core:MotorVehicles 2023-03-30 08598890 bus:Director1 2023-03-30 08598890 bus:Director1 2024-03-29 08598890 bus:Director2 2023-03-30 08598890 bus:Director2 2024-03-29 08598890 bus:Director1 2022-03-30 08598890 bus:Director1 2023-03-30 08598890 bus:Director2 2022-03-30 08598890 bus:Director2 2023-03-30 08598890 bus:Director1 2022-03-31 2023-03-30 08598890 bus:Director2 2022-03-31 2023-03-30 08598890 bus:SmallEntities 2023-03-31 2024-03-29 08598890 bus:AuditExemptWithAccountantsReport 2023-03-31 2024-03-29 08598890 bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-29 08598890 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-29 08598890 bus:FullAccounts 2023-03-31 2024-03-29 08598890 core:OfficeEquipment 2023-03-31 2024-03-29 08598890 core:OfficeEquipment 2023-03-30 08598890 core:OfficeEquipment 2024-03-29 08598890 core:AfterOneYear 2023-03-31 2024-03-29
COMPANY REGISTRATION NUMBER: 08598890
City West Project Design & Consultants Limited
Filleted Unaudited Financial Statements
Period ended
29 March 2024
City West Project Design & Consultants Limited
Statement of Financial Position
29 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
131,761
51,277
Current assets
Stocks
20,000
20,000
Debtors
6
276,121
175,177
----------
----------
296,121
195,177
Creditors: amounts falling due within one year
7
185,616
121,399
----------
----------
Net current assets
110,505
73,778
----------
----------
Total assets less current liabilities
242,266
125,055
Creditors: amounts falling due after more than one year
8
106,690
77,419
----------
----------
Net assets
135,576
47,636
----------
----------
Capital and reserves
Called up share capital
2
2
Profit and loss account
135,574
47,634
----------
--------
Shareholders funds
135,576
47,636
----------
--------
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 period ending 29 March 2024 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 period 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 .
City West Project Design & Consultants Limited
Statement of Financial Position (continued)
29 March 2024
These financial statements were approved by the board of directors and authorised for issue on 21 August 2025 , and are signed on behalf of the board by:
Mrs A J McGarrity
Mr S C McGarrity
Director
Director
Company registration number: 08598890
City West Project Design & Consultants Limited
Notes to the Financial Statements
Period ended 29 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Workshop, Mount Pleasant, 1 Wistow Road, Selby, YO8 3LZ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
(a) 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. (b) Going concern The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. (c) 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. Revenue is recognised on completion of the work undertaken. (d) Current and deferred tax The taxation expense represents the aggregate amount of current and deferred tax 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 be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. (e) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. (f) 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:
Motor vehicles - 25% reducing balance
Equipment - 25% reducing balance
(g) 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.
(h) 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.
(i) Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
(j) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
(k) 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 period amounted to 9 (2023: 10 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 31 March 2023
78,695
2,450
81,145
Additions
113,425
113,425
----------
-------
----------
At 29 March 2024
192,120
2,450
194,570
----------
-------
----------
Depreciation
At 31 March 2023
28,415
1,453
29,868
Charge for the period
32,742
199
32,941
----------
-------
----------
At 29 March 2024
61,157
1,652
62,809
----------
-------
----------
Carrying amount
At 29 March 2024
130,963
798
131,761
----------
-------
----------
At 30 March 2023
50,280
997
51,277
----------
-------
----------
6. Debtors
2024
2023
£
£
Trade debtors
112,183
72,276
Other debtors
163,938
102,901
----------
----------
276,121
175,177
----------
----------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
71,553
41,729
Trade creditors
33,697
34,531
Corporation tax
46,597
33,914
Social security and other taxes
7,742
3,361
Other creditors
26,027
7,864
----------
----------
185,616
121,399
----------
----------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
29,556
49,511
Other creditors
77,134
27,908
----------
--------
106,690
77,419
----------
--------
Included within creditors: amounts falling due after more than one year is an amount of £3,837 in respect of liabilities payble by installments which fall due for payment after more than five years from the reporting date.
9. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs A J McGarrity
11,773
51,254
( 44,870)
18,157
Mr S C McGarrity
11,773
67,889
( 61,505)
18,157
--------
----------
----------
--------
23,546
119,143
( 106,375)
36,314
--------
----------
----------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs A J McGarrity
12,426
40,134
( 40,787)
11,773
Mr S C McGarrity
12,426
37,387
( 38,040)
11,773
--------
--------
--------
--------
24,852
77,521
( 78,827)
23,546
--------
--------
--------
--------
The overdrawn directors loan accounts were partially cleared by November 2024.