Company Registration No. SC634998 (Scotland)
Context Projects Ltd
Unaudited accounts
for the year ended 31 July 2025
Context Projects Ltd
Unaudited accounts
Contents
Context Projects Ltd
Company Information
for the year ended 31 July 2025
Directors
Alice McRae
Andrew Alexander McRae
Company Number
SC634998 (Scotland)
Registered Office
40 Victoria Street
Edinburgh
EH1 2JW
Scotland
Accountants
Braes Accountancy Limited
Ironworks Business Centre
Castlelaurie Industrial Estate
Falkirk
Stirlingshire
FK2 7XE
Context Projects Ltd
Statement of financial position
as at 31 July 2025
Tangible assets
616,618
624,667
Cash at bank and in hand
163,822
206,236
Creditors: amounts falling due within one year
(660,865)
(701,747)
Net current liabilities
(497,043)
(495,511)
Total assets less current liabilities
119,575
129,156
Creditors: amounts falling due after more than one year
(156,995)
(162,470)
Net liabilities
(37,420)
(33,314)
Called up share capital
100
100
Profit and loss account
(37,520)
(33,414)
Shareholders' funds
(37,420)
(33,314)
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 15 April 2026 and were signed on its behalf by
Andrew Alexander McRae
Director
Company Registration No. SC634998
Context Projects Ltd
Notes to the Accounts
for the year ended 31 July 2025
Context Projects Ltd is a private company, limited by shares, registered in Scotland, registration number SC634998. The registered office is 40 Victoria Street, Edinburgh, EH1 2JW, Scotland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
1% Straight Line
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 August 2024
637,916
25,444
663,360
At 31 July 2025
637,916
25,444
663,360
At 1 August 2024
19,929
18,764
38,693
Charge for the year
6,379
1,670
8,049
At 31 July 2025
26,308
20,434
46,742
At 31 July 2025
611,608
5,010
616,618
At 31 July 2024
617,987
6,680
624,667
Context Projects Ltd
Notes to the Accounts
for the year ended 31 July 2025
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Taxes and social security
925
367
Other creditors
648,500
688,500
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
156,995
162,470
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).