Caseware UK (AP4) 2016.0.181 2016.0.181 2018-01-31 2018-01-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. true true No description of principal activity false 2017-02-01 09382406 2017-02-01 2018-01-31 09382406 2016-02-01 2017-01-31 09382406 2018-01-31 09382406 2017-01-31 09382406 c:Director1 2017-02-01 2018-01-31 09382406 d:CurrentFinancialInstruments 2018-01-31 09382406 d:CurrentFinancialInstruments 2017-01-31 09382406 d:CurrentFinancialInstruments d:WithinOneYear 2018-01-31 09382406 d:CurrentFinancialInstruments d:WithinOneYear 2017-01-31 09382406 d:Non-currentFinancialInstruments d:AfterOneYear 2017-01-31 09382406 d:RetainedEarningsAccumulatedLosses 2018-01-31 09382406 d:RetainedEarningsAccumulatedLosses 2017-01-31 09382406 c:FRS102 2017-02-01 2018-01-31 09382406 c:AuditExempt-NoAccountantsReport 2017-02-01 2018-01-31 09382406 c:FullAccounts 2017-02-01 2018-01-31 09382406 c:PrivateLimitedCompanyLtd 2017-02-01 2018-01-31 iso4217:GBP xbrli:pure

Registered number:  09382406









PROJECT EVERYONE
(A Company Limited by Guarantee)







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

 
PROJECT EVERYONE
 
(A Company Limited by Guarantee)
REGISTERED NUMBER:  09382406

STATEMENT OF FINANCIAL POSITION
AS AT  31 JANUARY 2018

2018
2017
Note
£
£
   

Current assets
   

Debtors: amounts falling due within one year
 4 
135,943
540,700

Cash at bank and in hand
 5 
407,760
70,716

   
543,703
611,416

Creditors: amounts falling due within one year
 6 
(497,673 )
(508,246 )

Net current assets
   
 
 
46,030
 
 
103,170

Total assets less current liabilities
   
46,030
103,170

Creditors: amounts falling due after more than one year
 7 
-
(150,000 )

   

Net assets/(liabilities)
   
46,030
(46,830 )

Capital and reserves
   

Profit and loss account
   
46,030
(46,830 )

   
46,030
(46,830 )


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The  financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on  17 October 2018 .



G Gallie
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
PROJECT EVERYONE
 
(A Company Limited by Guarantee)
REGISTERED NUMBER:  09382406
    
STATEMENT OF FINANCIAL POSITION  (CONTINUED)
AS AT  31 JANUARY 2018


Page 2

 
PROJECT EVERYONE

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018

General information

Project Everyone is a private company limited by gaurantee without share capital registered in England & Wales. The address of its registered office is C/O Portobello Studios, First Floor, 138 Portobello Road, London, W11 2DZ.

2. Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of  Financial Reporting Standard 102, the Financial Reporting Standard applicable in  the UK and the Republic of Ireland and the Companies Act 2006 .

The following principal accounting policies have been applied:

2.2

Revenue

Revenue comprises donations and grants received in support of the company's projects and activities. Donations are recognised in the Statement of Comprehensive Income when income is probable and can be measured with sufficient reliability.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.5

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
PROJECT EVERYONE

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018

2. Accounting policies (continued)

2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.8

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.10

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

2.11

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.

Page 4

 
PROJECT EVERYONE

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018

2. Accounting policies (continued)

2.12

Taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

The average monthly number of employees, including directors, during the year was  11  (2017 -  11 ) .

2018
2017
£
£


Trade debtors
76,791
419,472

Other debtors
59,152
121,228

135,943
540,700


2018
2017
£
£

Cash at bank and in hand
407,760
70,716

407,760
70,716


Page 5

 
PROJECT EVERYONE

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018
2018
2017
£
£

Trade creditors
138,033
389,306

Corporation tax
12,486
-

Other taxation and social security
15,551
18,940

Accruals and deferred income
331,603
100,000

497,673
508,246


2018
2017
£
£

Other loans
-
150,000

-
150,000



Analysis of the maturity of loans is given below:


2018
2017
£
£



Other loans
-
150,000

-
150,000



9.

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

Page 6

 
PROJECT EVERYONE

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018
During the period, consultancy fees of £20,000 (2017: £43,629) were paid to K Garvey, a director of the company.
During the period, consultancy fees of £164,000 (2017: £78,778) were paid to G Gallie, a director of the company.

 
Page 7