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Company Registration No. 02934690 (England and Wales)
Communications Project Limited Unaudited accounts for the year ended 31 July 2025
Communications Project Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Communications Project Limited Company Information for the year ended 31 July 2025
Directors
S F Day V E J Lanham-Day
Company Number
02934690 (England and Wales)
Registered Office
44 Fox Dene Godalming Surrey GU7 1YQ UK
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Communications Project Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
20
26
Tangible assets
5
8,114
5,742
8,134
5,768
Current assets
Debtors
6
18,294
2,960
Cash at bank and in hand
80,888
48,135
99,182
51,095
Creditors: amounts falling due within one year
7
(42,491)
(33,974)
Net current assets
56,691
17,121
Total assets less current liabilities
64,825
22,889
Provisions for liabilities
Deferred tax
(907)
(907)
Net assets
63,918
21,982
Capital and reserves
Called up share capital
100
100
Revaluation reserve
(778)
(778)
Profit and loss account
64,596
22,660
Shareholders' funds
63,918
21,982
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2026 and were signed on its behalf by
S F Day Director Company Registration No. 02934690
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Communications Project Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Communications Project Limited is a private company, limited by shares, registered in England and Wales, registration number 02934690. The registered office is 44 Fox Dene, Godalming, Surrey, GU7 1YQ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is 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. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
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Communications Project Limited Notes to the Accounts for the year ended 31 July 2025
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's intangible fixed assets and tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 5) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Intangible fixed assets
Other
£
Cost
At 1 August 2024
4,097
At 31 July 2025
4,097
Amortisation
At 1 August 2024
4,071
Charge for the year
6
At 31 July 2025
4,077
Net book value
At 31 July 2025
20
At 31 July 2024
26
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Communications Project Limited Notes to the Accounts for the year ended 31 July 2025
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
9,183
5,868
22,921
37,972
Additions
42
-
4,104
4,146
Disposals
(366)
-
(5,804)
(6,170)
At 31 July 2025
8,859
5,868
21,221
35,948
Depreciation
At 1 August 2024
6,591
5,710
19,929
32,230
Charge for the year
438
32
1,169
1,639
On disposals
(231)
-
(5,804)
(6,035)
At 31 July 2025
6,798
5,742
15,294
27,834
Net book value
At 31 July 2025
2,061
126
5,927
8,114
At 31 July 2024
2,592
158
2,992
5,742
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
17,764
2,220
Accrued income and prepayments
530
740
18,294
2,960
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
8,762
3,047
Trade creditors
2,580
345
Taxes and social security
13,245
3,899
Other creditors
2
2,524
Loans from directors
17,902
24,159
42,491
33,974
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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