Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-3142021-01-01falsecontractors in sub saharan Africa4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03157836 2021-01-01 2021-12-31 03157836 2020-01-01 2020-12-31 03157836 2021-12-31 03157836 2020-12-31 03157836 c:Director2 2021-01-01 2021-12-31 03157836 d:FurnitureFittings 2021-01-01 2021-12-31 03157836 d:FurnitureFittings 2021-12-31 03157836 d:FurnitureFittings 2020-12-31 03157836 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 03157836 d:CurrentFinancialInstruments 2021-12-31 03157836 d:CurrentFinancialInstruments 2020-12-31 03157836 d:Non-currentFinancialInstruments 2021-12-31 03157836 d:Non-currentFinancialInstruments 2020-12-31 03157836 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03157836 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 03157836 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 03157836 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 03157836 d:ShareCapital 2021-12-31 03157836 d:ShareCapital 2020-12-31 03157836 d:SharePremium 2021-12-31 03157836 d:SharePremium 2020-12-31 03157836 d:RetainedEarningsAccumulatedLosses 2021-12-31 03157836 d:RetainedEarningsAccumulatedLosses 2020-12-31 03157836 c:OrdinaryShareClass1 2021-01-01 2021-12-31 03157836 c:OrdinaryShareClass1 2021-12-31 03157836 c:OrdinaryShareClass1 2020-12-31 03157836 c:OrdinaryShareClass2 2021-01-01 2021-12-31 03157836 c:OrdinaryShareClass2 2021-12-31 03157836 c:OrdinaryShareClass2 2020-12-31 03157836 c:FRS102 2021-01-01 2021-12-31 03157836 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 03157836 c:FullAccounts 2021-01-01 2021-12-31 03157836 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 03157836 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 03157836 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number:03157836













INFRASTRUCTURE PROJECT DEVELOPMENT LTD
UNAUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED31 DECEMBER 2021

 
INFRASTRUCTURE PROJECT DEVELOPMENT LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
INFRASTRUCTURE PROJECT DEVELOPMENT LTD
REGISTERED NUMBER:03157836

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,412
1,989

Current assets
  

Debtors: amounts falling due within one year
 5 
282,185
261,363

Cash at bank and in hand
  
11,901
27,682

  
294,086
289,045

Creditors: amounts falling due within one year
 6 
(231,441)
(211,797)

Net current assets
  
 
 
62,645
 
 
77,248

Total assets less current liabilities
  
64,057
79,237

Creditors: amounts falling due after more than one year
 7 
(75,601)
(104,152)

Provisions for liabilities
  

Deferred tax
 8 
(268)
(378)

Net liabilities
  
(11,812)
(25,293)


Capital and reserves
  

Called up share capital 
 9 
261
261

Share premium account
  
24,958
24,958

Profit and loss account
  
(37,031)
(50,512)

  
(11,812)
(25,293)


Page 1

 
INFRASTRUCTURE PROJECT DEVELOPMENT LTD
REGISTERED NUMBER:03157836
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

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 the 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 1 September 2022.




T Laufer
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
INFRASTRUCTURE PROJECT DEVELOPMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Infrastructure Project Development Limited is a limited liability company registered in England and Wales with its registered office at Titan Court, 3 Bishops Square Business Park, Hatfield, Hertfordshire, AL10 9NA.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The principal activity of the company continued to be that of contractors in Sub Saharan Africa.

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

Going concern

The financial statements have been prepared on the assumption that the company is able to carry on business as a going concern. The directors consider that this is appropriate as one of the shareholders, has provided an unlimited guarantee against the banking facilities and will provide loans to the company as required to enable it to continue trading for the foreseeable future.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue is recognised at the point that the right to receive consideration arises.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
INFRASTRUCTURE PROJECT DEVELOPMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Debtors

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

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
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 profit or loss 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2020 - 4).

Page 4

 
INFRASTRUCTURE PROJECT DEVELOPMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Fixtures & fittings

£



Cost


At 1 January 2021
18,801



At 31 December 2021

18,801



Depreciation


At 1 January 2021
16,812


Charge for the year on owned assets
577



At 31 December 2021

17,389



Net book value



At 31 December 2021
1,412



At 31 December 2020
1,989


5.


Debtors

2021
2020
£
£


Other debtors
281,467
260,690

Prepayments and accrued income
718
673

282,185
261,363



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
1,048
70

Taxation and social security
8,049
9,429

Other creditors
217,839
198,143

Accruals and deferred income
4,505
4,155

231,441
211,797


Page 5

 
INFRASTRUCTURE PROJECT DEVELOPMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Other creditors
75,601
104,152



8.


Deferred taxation




2021


£






At beginning of year
(378)


Utilised in year
110



At end of year
(268)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
(268)
(378)


9.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



4 (2020 - 4) Deferred Ordinary shares of £1 each
4
4
400 (2020 - 400) Ordinary US$ shares of $1 each
257
257

261

261


 
Page 6