Project Approval Limited

Project Approval Limited
Balance Sheet
As at 31 March 2025

	Notes	2025 £	2024 £
Current assets
Debtors	4	139	693
Cash at bank and in hand		36,476	41,614
		36,615	42,307
Creditors: amount falling due within one year	5	(1,494)	(1,161)
Net current assets		35,121	41,146

Total assets less current liabilities		35,121	41,146
Net assets		35,121	41,146

Capital and reserves
Called up share capital		100	100
Profit and loss account		35,021	41,046
Shareholders' funds		35,121	41,146

For the year ended 31 March 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 19 December 2025 and were signed by:

-------------------------------
Paul Anthony Dacombe
Director

Project Approval Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Project Approval Limited is a private company, limited by shares, registered in England and Wales, registration number 05376240, registration address Holl;y Lodge, 4 Long Street, Cerne Abbas, DT2 7JF.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under going concern and the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	15% Straight Line
Computer Equipment	33% Straight Line

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 April 2024	1,438	2,851	4,289
Additions	-	-	-
Disposals	-	-	-
At 31 March 2025	1,438	2,851	4,289
Depreciation
At 01 April 2024	1,438	2,851	4,289
Charge for year	-	-	-
On disposals	-	-	-
At 31 March 2025	1,438	2,851	4,289
Net book values
Closing balance as at 31 March 2025	-	-	-
Opening balance as at 01 April 2024	-	-	-

Debtors: amounts falling due within one year

	2025 £	2024 £
Prepayments & Accrued Income	98	87
Directors' Current Accounts	0	550
VAT	41	56
	139	693

Creditors: amount falling due within one year

	2025 £	2024 £
Accrued Expenses	736	1,133
Other Creditors	41	28
Directors' Current Accounts	717	0
	1,494	1,161

6.	Directors advances, credits and guarantees Included in creditors: amounts falling due within one year are amounts owed to Director of £717 (2024 -£550)

7.	Controlling Party The company is under the sole control of the director, Mr PA Dacombe, by ownership of 100% of the issued ordinary share capital.

Registered Number: 05376240
England and Wales
PROJECT APPROVAL LIMITED

Unaudited Filleted Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025