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Registration number: 09805603

Project Lightweight Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Project Lightweight Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Financial Statements | 5 to 9

Project Lightweight Limited

Company Information

Directors | Mr Stephen Davies Mrs Amanda Davies

Registered office | 4 South Bar Street Banbury Oxfordshire United Kingdom OX16 9AA

Accountants | Henson ReesRussell Chartered Accountants 4 South Bar Street Banbury Oxfordshire OX16 9AA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Project Lightweight Limited
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Project Lightweight Limited for the year ended 31 October 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Project Lightweight Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Project Lightweight Limited and state those matters that we have agreed to state to the Board of Directors of Project Lightweight Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Project Lightweight Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Project Lightweight Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Project Lightweight Limited. You consider that Project Lightweight Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Project Lightweight Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Henson ReesRussell
Chartered Accountants
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

24 July 2026

Project Lightweight Limited

(Registration number: 09805603)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 5,939 | 7,424
Current assets |  |  |
Debtors | 5 | 88,453 | 62,308
Cash at bank and in hand |  | 136,508 | 222,063
|  | 224,961 | 284,371
Creditors: Amounts falling due within one year | 6 | (89,982) | (103,765)
Net current assets |  | 134,979 | 180,606
Total assets less current liabilities |  | 140,918 | 188,030
Provisions for liabilities |  | (1,129) | (1,411)
Net assets |  | 139,789 | 186,619
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 139,689 | 186,519
Shareholders' funds |  | 139,789 | 186,619

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Project Lightweight Limited

(Registration number: 09805603)
Balance Sheet as at 31 October 2025

Approved and authorised by the Board on 24 July 2026 and signed on its behalf by:

......................................... Mr Stephen Davies Director

Project Lightweight Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA
United Kingdom

The principal place of business is:
Eastleigh
East End
Hook Norton
Oxfordshire
OX15 5LG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Project Lightweight Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 20% Reducing balance
Fixtures and fittings | 20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Project Lightweight Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 November 2024 | 23,401 | 23,401
At 31 October 2025 | 23,401 | 23,401
Depreciation
At 1 November 2024 | 15,977 | 15,977
Charge for the year | 1,485 | 1,485
At 31 October 2025 | 17,462 | 17,462
Carrying amount
At 31 October 2025 | 5,939 | 5,939
At 31 October 2024 | 7,424 | 7,424

Project Lightweight Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

5 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 88,453 | 62,308
| 88,453 | 62,308

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 3,371 | 48,106
Accruals and deferred income | 2,180 | 2,016
Other creditors | 84,431 | 53,643
| 89,982 | 103,765

7 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Current year interim dividend paid |  | 60,000 |  | 56,000

8 | Related party transactions

Project Lightweight Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 25,140 | 25,140
Contributions paid to money purchase schemes | 160,001 | -
| 185,141 | 25,140