Dust Project Management Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11691311

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,051		79

			2,051		79
CURRENT ASSETS
Debtors	5	1,109,371		972,522
Cash at bank and in hand		5,899		7,892

		1,115,270		980,414
Creditors: Amounts Falling Due Within One Year	6	(738,148 )		(630,448 )

NET CURRENT ASSETS (LIABILITIES)			377,122		349,966

TOTAL ASSETS LESS CURRENT LIABILITIES			379,173		350,045

Creditors: Amounts Falling Due After More Than One Year	7		(343,779 )		(328,202 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(513 )		-

NET ASSETS			34,881		21,843

CAPITAL AND RESERVES
Called up share capital	8		200		200
Profit and Loss Account			34,681		21,643

SHAREHOLDERS' FUNDS			34,881		21,843

Page 1

Page 2

Dust Project Management Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Anthony Ambrose

Director

24/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Dust Project Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11691311 . The registered office is Studio 2, 6-8 Cole Street, London, SE1 4YH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	33% - Straight Line

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 4)

Page 3

Page 4

Dust Project Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	118	-	-	118
Additions	494	712	1,622	2,828

As at 31 January 2025	612	712	1,622	2,946

Depreciation
As at 1 February 2024	39	-	-	39
Provided during the period	143	178	535	856

As at 31 January 2025	182	178	535	895

Net Book Value
As at 31 January 2025	430	534	1,087	2,051

As at 1 February 2024	79	-	-	79

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	48,042	73,329
Prepayments and accrued income	688,092	795,407
Fuel Advances	6,522	584
VAT	91	-
Amounts owed by group undertakings	366,624	103,202

	1,109,371	972,522

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	312,230	317,850
Funding Loan	-	11,144
Corporation tax	63,373	71,895
Other taxes and social security	46,292	15,070
VAT	-	1,081
Net wages	5,567	3,000
AMEX credit card	11,759	31,254
Funding Circle - loan	43,453	15,564
Federal Finance Loan	17,549	40,819
LDF Finance Loan	86,502	27,854
Turing Funding Loan	73,719	73,719
IWOCA loan	35,495	-
Pension creditor	109	-
Other creditor	8,500	-
Portman Finance loan	33,600	-
Accruals and deferred income	-	21,198

	738,148	630,448

Page 4

Page 5

Dust Project Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	23,967	28,342
Funding Circle Loan	141,659	47,988
Turing Funding LC Loan	178,153	251,872

	343,779	328,202

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

9. Related Party Transactions

Dust Creative Limited

A company in which Mr A Ambrose and Mrs N Ambrose are also the directors and only shareholders.

During the year, the company received consultancy services from Dust Creative Ltd amounting to £5,200 (2024 - £nil). At the year end no amount was outstanding (2024 - £nil).

Dust Group Ltd

Parent company

The company has provided loans to the parent company. At the year end th eamount outstandng was £453,683 (2024 - £251,027).

Dust Design Ltd

Associated company

The company has received loans from Dust Design Ltd. At the year end, the amount outstanding was £87,059 (2024 - £147,825).

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr A Ambrose by virtue of his ownership of 70% of the issued share capital in the parent company, Dust Group Ltd.

Page 5