174 Projects Limited - Filleted accounts

174 Projects Limited
Registered number:		11739933
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Current assets
Debtors	3	30,685			22,320
Cash at bank and in hand		16,704			27,933
		47,389			50,253

Creditors: amounts falling due within one year	4	(4,931)			(6,000)

Net current assets			42,458			44,253

Net assets			42,458			44,253

Capital and reserves
Called up share capital			1			1
Profit and loss account			42,457			44,252

Shareholder's funds			42,458			44,253

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr S Inwood
Director
Approved by the board on 27 September 2025

174 Projects Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	1		1


3	Debtors	2024		2023
£			£

	Trade debtors	7,514		6,669
	Directors loan account	23,147		15,651
	Other debtors	24		-
		30,685		22,320


4	Creditors: amounts falling due within one year	2024		2023
£			£

	Corporation tax	3,889		3,915
	Other taxes and social security costs	1,042		2,085
		4,931		6,000


5	Other information

	174 Projects Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Bourne House
	23 Hinton Road
	Bournemouth
	Dorset
	BH1 2EF


7	Directors loan account

	During the period the director, Sebastian Inwood, had a loan account with the company. The balance of the loan as at the balance sheet date was £23,147. The loan is interest free and there are no fixed terms of repayment.