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REGISTERED NUMBER: 12155892 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Bequest Projects Limited

Bequest Projects Limited (Registered number: 12155892)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bequest Projects Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: N Knight
Mrs L Knight





REGISTERED OFFICE: Suite 2
Victoria House
South Street
Farnham
Surrey
GU9 7QU





REGISTERED NUMBER: 12155892 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

Bequest Projects Limited (Registered number: 12155892)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,796 34,415

CURRENT ASSETS
Stocks 140,130 -
Debtors 5 568 93,788
Cash at bank 112,815 144,773
253,513 238,561
CREDITORS
Amounts falling due within one year 6 255,201 241,765
NET CURRENT LIABILITIES (1,688 ) (3,204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,108

31,211

CREDITORS
Amounts falling due after more than one
year

7

49,513

-
NET ASSETS 19,595 31,211

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 19,493 31,109
SHAREHOLDERS' FUNDS 19,595 31,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:




N Knight - Director



Mrs L Knight - Director


Bequest Projects Limited (Registered number: 12155892)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Bequest Projects Limited is a private company, limited by shares , 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.

Turnover
Turnover represents income derived from the activities of the business less any discounts and VAT.

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
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Bequest Projects Limited (Registered number: 12155892)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 15,000 15,939 48,659 4,096 83,694
Additions - - 58,105 256 58,361
Disposals - - (48,659 ) - (48,659 )
At 31 August 2024 15,000 15,939 58,105 4,352 93,396
DEPRECIATION
At 1 September 2023 3,750 5,707 37,255 2,567 49,279
Charge for year 3,750 3,985 2,421 420 10,576
Eliminated on disposal - - (37,255 ) - (37,255 )
At 31 August 2024 7,500 9,692 2,421 2,987 22,600
NET BOOK VALUE
At 31 August 2024 7,500 6,247 55,684 1,365 70,796
At 31 August 2023 11,250 10,232 11,404 1,529 34,415

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 568 83,789
Directors' current accounts - 7,205
Prepayments - 2,794
568 93,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 9,165 57,107
Trade creditors 121,219 92,682
Tax 13,679 316
Social security and other taxes 45,306 34,580
VAT 21,247 46,346
Other creditors - 734
American Express 28,918 -
Directors' current accounts 15,667 -
Accrued expenses - 10,000
255,201 241,765

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 49,513 -