Caseware UK (AP4) 2016.0.181 2016.0.181 2017-01-31 2017-01-31 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 2016-02-01 09382406 2016-02-01 2017-01-31 09382406 2015-01-09 2016-01-31 09382406 2017-01-31 09382406 2016-01-31 09382406 c:Director1 2016-02-01 2017-01-31 09382406 d:CurrentFinancialInstruments 2017-01-31 09382406 d:CurrentFinancialInstruments 2016-01-31 09382406 d:CurrentFinancialInstruments d:WithinOneYear 2017-01-31 09382406 d:CurrentFinancialInstruments d:WithinOneYear 2016-01-31 09382406 d:Non-currentFinancialInstruments d:AfterOneYear 2017-01-31 09382406 d:Non-currentFinancialInstruments d:AfterOneYear 2016-01-31 09382406 d:RetainedEarningsAccumulatedLosses 2017-01-31 09382406 d:RetainedEarningsAccumulatedLosses 2016-01-31 09382406 c:FRS102 2016-02-01 2017-01-31 09382406 c:AuditExempt-NoAccountantsReport 2016-02-01 2017-01-31 09382406 c:FullAccounts 2016-02-01 2017-01-31 09382406 c:PrivateLimitedCompanyLtd 2016-02-01 2017-01-31 iso4217:GBP xbrli:pure

Registered number:  09382406









PROJECT EVERYONE
(A Company Limited by Guarantee)







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

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

STATEMENT OF FINANCIAL POSITION
AS AT  31 JANUARY 2017

2017
2016
Note
£
£
   

Current assets
   

Debtors: amounts falling due within one year
 4 
540,700
469,352

Cash at bank and in hand
 5 
70,716
250,722

   
611,416
720,074

Creditors: amounts falling due within one year
 6 
(508,246 )
(694,648 )

Net current assets
   
 
 
103,170
 
 
25,426

Total assets less current liabilities
   
103,170
25,426

Creditors: amounts falling due after more than one year
   
(150,000 )
(185,447 )

   

Net liabilities
   
(46,830 )
(160,021 )

Capital and reserves
   

Profit and loss account
   
(46,830 )
(160,021 )

   
(46,830 )
(160,021 )


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  31 October 2017 .



G Gallie
Director
The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
PROJECT EVERYONE

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

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 is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

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 2

 
PROJECT EVERYONE

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

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

Interest income

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

2.10

Borrowing costs

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

The average monthly number of employees, including directors, during the year was  11  (2016 -  13 ) .

2017
2016
£
£


Trade debtors
419,472
465,696

Other debtors
121,228
3,656

540,700
469,352


Page 3

 
PROJECT EVERYONE

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017
2017
2016
£
£

Cash at bank and in hand
70,716
250,722

70,716
250,722


2017
2016
£
£

Trade creditors
389,306
673,824

Other taxation and social security
18,940
20,824

Accruals and deferred income
100,000
-

508,246
694,648


2017
2016
£
£

Other loans
150,000
185,447

150,000
185,447



Analysis of the maturity of loans is given below:


2017
2016
£
£



Amounts falling due 2-5 years

Other loans
150,000
185,447


150,000
185,447


150,000
185,447


Page 4

 
PROJECT EVERYONE

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

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.

During the period, consultancy fees of £68,365 (2016: £37,500) were paid to Marlyns Drive Limited, a company in which M Bradford is also a director.
During the period, consultancy fees of £43,629 (2016: £100,000) were paid to K Garvey, a director of the company.
During the period, consultancy fees of £78,778 (2016: £110,000) were paid to G Gallie, a director of the company.

 
Page 5