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Registration number: 09424811

Prometheus Projects (International) Limited
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

Prometheus Projects (International) Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Prometheus Projects (International) Limited

Company Information

Director | M Archer

Registered office | 25 Armscroft Place Gloucester GL2 0SW

Accountants | Burton Sweet Limited Chartered Accountants and Business Advisers Spencer House 6 Morston Court Aisecome Way Weston-super-Mare North Somerset BS22 8NG

Prometheus Projects (International) Limited

(Registration number: 09424811)
Balance Sheet
28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 910 | 446
Current assets |  |  |
Stocks | 6 | 450 | 1,600
Debtors | 7 | 10,128 | 3,764
Cash at bank and in hand |  | 137,700 | 117,540
|  | 148,278 | 122,904
Creditors: Amounts falling due within one year | 8 | (56,051) | (44,995)
Net current assets |  | 92,227 | 77,909
Net assets |  | 93,137 | 78,355
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 93,135 | 78,353
Shareholders' funds |  | 93,137 | 78,355

Prometheus Projects (International) Limited

(Registration number: 09424811)
Balance Sheet
28 February 2025

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 November 2025

......................................... M Archer Director

Prometheus Projects (International) Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
25 Armscroft Place
Gloucester
GL2 0SW

These financial statements were authorised for issue by the director on 10 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Prometheus Projects (International) Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% reducing balance

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Stocks

Work in progress is recognised as operating income as incurred. This represents unbilled time charges which are valued at the appropriate rate, for the financial year in which the work was undertaken and the accrued cost of disbursements.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Prometheus Projects (International) Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 400 | 363

5 | Tangible assets

| Office equipment £
Cost or valuation
At 1 March 2024 | 2,038
Additions | 865
Disposals | (816)
At 28 February 2025 | 2,087
Depreciation
At 1 March 2024 | 1,592
Charge for the year | 400
Eliminated on disposal | (815)
At 28 February 2025 | 1,177
Carrying amount
At 28 February 2025 | 910
At 29 February 2024 | 446

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 450 | 1,600

Prometheus Projects (International) Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2025

7 | Debtors

| 2025 £ | 2024 £
Other debtors | 8,578 | 1,714
Gross amount due from customers for contract work | 1,550 | 2,050
| 10,128 | 3,764

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 17,586 | 16,623
Accruals and deferred income | 1,224 | 1,053
Other creditors | 37,241 | 27,319
| 56,051 | 44,995