Highway Project Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03041805

Highway Project Management Limited

Filleted Unaudited Financial Statements

31 July 2025

Highway Project Management Limited

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	6,443	5,740

Current assets

Stocks		9,096	8,356
Debtors	6	1,022,179	1,076,177
Cash at bank and in hand		20,290	68,157
		------------	------------
		1,051,565	1,152,690

Creditors: amounts falling due within one year	7	296,197	461,653
		------------	------------
Net current assets		755,368	691,037
		---------	---------
Total assets less current liabilities		761,811	696,777
		---------	---------
Net assets		761,811	696,777
		---------	---------

Capital and reserves

Called up share capital	1,002	1,002
Profit and loss account	760,809	695,775
	---------	---------
Shareholders funds	761,811	696,777
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Highway Project Management Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 22 June 2026 , and are signed on behalf of the board by:

Mr Michael Francis Keary
Director

Company registration number: 03041805

Highway Project Management Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Jubilee House, Townsend Lane, Kingsbury, London, NW9 8TZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Equipment	-	25 % reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 21 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 August 2024	3,797	2,321	16,730	22,848
Additions	–	–	3,576	3,576
	-------	-------	--------	--------
At 31 July 2025	3,797	2,321	20,306	26,424
	-------	-------	--------	--------
Depreciation
At 1 August 2024	3,797	2,186	11,125	17,108
Charge for the year	–	34	2,839	2,873
	-------	-------	--------	--------
At 31 July 2025	3,797	2,220	13,964	19,981
	-------	-------	--------	--------
Carrying amount
At 31 July 2025	–	101	6,342	6,443
	-------	-------	--------	--------
At 31 July 2024	–	135	5,605	5,740
	-------	-------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,019,953	1,039,763
Other debtors	2,226	36,414
	------------	------------
	1,022,179	1,076,177
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	300
Corporation tax	21,644	61,849
Social security and other taxes	75,589	73,665
P J Keary Holdings Ltd	14,633	14,633
Other creditors	184,331	311,206
	---------	---------
	296,197	461,653
	---------	---------