Caseware UK (AP4) 2018.0.196 2018.0.196 2019-01-31 2019-01-31 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 2018-02-01 09382406 2018-02-01 2019-01-31 09382406 2017-02-01 2018-01-31 09382406 2019-01-31 09382406 2018-01-31 09382406 c:Director2 2018-02-01 2019-01-31 09382406 d:CurrentFinancialInstruments 2019-01-31 09382406 d:CurrentFinancialInstruments 2018-01-31 09382406 d:CurrentFinancialInstruments d:WithinOneYear 2019-01-31 09382406 d:CurrentFinancialInstruments d:WithinOneYear 2018-01-31 09382406 d:RetainedEarningsAccumulatedLosses 2019-01-31 09382406 d:RetainedEarningsAccumulatedLosses 2018-01-31 09382406 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2018-02-01 2019-01-31 09382406 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2019-01-31 09382406 c:FRS102 2018-02-01 2019-01-31 09382406 c:AuditExempt-NoAccountantsReport 2018-02-01 2019-01-31 09382406 c:FullAccounts 2018-02-01 2019-01-31 09382406 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2018-02-01 2019-01-31 09382406 c:CompanyLimitedByGuarantee 2018-02-01 2019-01-31 09382406 d:WithinOneYear 2019-01-31 09382406 d:WithinOneYear 2018-01-31 09382406 d:BetweenOneFiveYears 2019-01-31 09382406 d:BetweenOneFiveYears 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 2019

 
PROJECT EVERYONE
 
(A company limited by guarantee)
REGISTERED NUMBER:  09382406

STATEMENT OF FINANCIAL POSITION
AS AT  31 JANUARY 2019

2019
2018
Note
£
£
   

Current assets
   

Debtors: amounts falling due within one year
 4 
216,560
135,943

Cash at bank and in hand
 5 
447,067
407,760

   
663,627
543,703

Creditors: amounts falling due within one year
 6 
(540,296 )
(497,673 )

Net current assets
   
 
 
123,331
 
 
46,030

Total assets less current liabilities
   
123,331
46,030

Provisions for liabilities
   

Other provisions
 7 
(47,648 )
-

   
 
 
(47,648 )
 
 
-

Net assets
   
75,683
46,030

Capital and reserves
   

Profit and loss account
   
75,683
46,030

   
75,683
46,030


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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.





 
Page 1

 
PROJECT EVERYONE
 
(A company limited by guarantee)
REGISTERED NUMBER:  09382406
    
STATEMENT OF FINANCIAL POSITION  (CONTINUED)
AS AT  31 JANUARY 2019

The financial statements were approved and authorised for issue by the board and were signed on its behalf by : 




K Garvey
Director

Date:  30 October 2019

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

Page 2

 
PROJECT EVERYONE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019

General information

Project Everyone is a private company limited by gaurantee without share capital registered in England & Wales. The address of its registered office and principal place of business 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 Income and Retained Earnings when income is probable and can be measured with sufficient reliability.

2.3

Debtors

Short term debtors are measured at the 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

Creditors

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

2.6

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.

Page 3

 
PROJECT EVERYONE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019

2. Accounting policies (continued)

2.7

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings 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.

2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

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 Income and Retained Earnings 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 Income and Retained Earnings using the effective interest method.

2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

Page 4

 
PROJECT EVERYONE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019

2. Accounting policies (continued)

2.12

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, 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  12  (2018 -  11 ) .

2019
2018
£
£


Trade debtors
154,404
76,791

Other debtors
62,156
59,152

216,560
135,943


2019
2018
£
£

Cash at bank and in hand
447,067
407,760

447,067
407,760


Page 5

 
PROJECT EVERYONE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019
2019
2018
£
£

Trade creditors
261,186
138,033

Corporation tax
8,248
12,486

Other taxation and social security
28,110
15,551

Other creditors
3,298
-

Accruals and deferred income
239,454
331,603

540,296
497,673







£





Charged to profit or loss
47,648



At 31 January 2019
47,648


8.

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.

2019
2018
£
£
71,920
-

Later than 1 year and not later than 5 years
161,820
-

233,740
-

Page 6

 
PROJECT EVERYONE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019
During the year, fees totalling £nil (2018: £20,000) were paid to K Garvey, a director of the company. All transactions were carried out at arms length.
During the year, fees totalling £121,200 (2018: £164,000) were paid to G Gallie, a director of the company. All transactions were carried out at arms length.

 
Page 7