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Registered number: 07181486
Complete Projects Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
MJH Accountants Limited
Chartered Accountants and Chartered Tax Advisers
129 Woodplumpton Road
Fulwood
Preston
Lancashire
PR2 3LF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07181486
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2 702
Tangible Assets 5 41,202 60,959
41,204 61,661
CURRENT ASSETS
Debtors 6 426,004 352,547
Cash at bank and in hand 210,748 507,110
636,752 859,657
Creditors: Amounts Falling Due Within One Year 7 (263,846 ) (419,304 )
NET CURRENT ASSETS (LIABILITIES) 372,906 440,353
TOTAL ASSETS LESS CURRENT LIABILITIES 414,110 502,014
Creditors: Amounts Falling Due After More Than One Year 8 (19,034 ) (29,638 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,301 ) (15,415 )
NET ASSETS 384,775 456,961
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 384,675 456,861
SHAREHOLDERS' FUNDS 384,775 456,961
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Page 2
For the year ending 31 March 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 M Edmondson
Director
10 December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Complete Projects Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07181486 . The registered office is Unit 410, 37 Cremer Street, London, E2 8HD.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are held at cost or valuation. They are amortised to profit and loss account over their estimated economic life of 5 years.
2.5. 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:
Motor Vehicles 25% on written down value
Computer Equipment 25% on written down value and 33.3% on cost
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.7. 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: 17 (2024: 16)
17 16
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2024 216,000 5,252 221,252
As at 31 March 2025 216,000 5,252 221,252
Amortisation
As at 1 April 2024 216,000 4,550 220,550
Provided during the period - 700 700
As at 31 March 2025 216,000 5,250 221,250
Net Book Value
As at 31 March 2025 - 2 2
As at 1 April 2024 - 702 702
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5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 88,920 27,596 116,516
Disposals - (11,174 ) (11,174 )
As at 31 March 2025 88,920 16,422 105,342
Depreciation
As at 1 April 2024 43,265 12,292 55,557
Provided during the period 11,414 7,739 19,153
Disposals - (10,570 ) (10,570 )
As at 31 March 2025 54,679 9,461 64,140
Net Book Value
As at 31 March 2025 34,241 6,961 41,202
As at 1 April 2024 45,655 15,304 60,959
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 393,670 310,980
Other debtors 32,334 41,567
426,004 352,547
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,604 10,032
Trade creditors 67,919 118,823
Other creditors 15,222 10,265
Taxation and social security 170,101 280,184
263,846 419,304
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 19,034 29,638
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,604 10,032
Later than one year and not later than five years 19,034 29,638
29,638 39,670
29,638 39,670
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Michael Edmondson 14,892 115,000 (130,270 ) - (378 )
The above loan is unsecured, interest free and repayable on demand.
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