Registered number
02588862
P W Projects Limited
Report and Accounts
For the Year Ended
31 December 2022
Oakensen
Chartered Accountants
31 Stallard Street
Trowbridge
Wiltshire
BA14 9AA

P W Projects Limited
Registered number: | 02588862
Balance Sheet
as at 31 December 2022
Notes |  |  | 2022 |  |  | 2021
£ | £
Fixed assets
Tangible assets | 3 |  |  | 1,495,414 |  |  | 1,475,643
Current assets
Stocks |  |  | 501 |  |  | 215
Debtors | 4 |  | 15,513 |  |  | 19,058
Cash at bank and in hand |  |  | 15,130 |  |  | 42,818
|  |  | 31,144 |  |  | 62,091
Creditors: amounts falling due within one year | 5 |  | (103,209) |  |  | (101,396)
Net current liabilities |  |  |  | (72,065) |  |  | (39,305)
Total assets less current liabilities |  |  |  | 1,423,349 |  |  | 1,436,338
Creditors: amounts falling due after more than one year | 6 |  |  | (45,750) |  |  | (72,344)
Provisions for liabilities |  |  |  | (203,259) |  |  | (203,259)
Net assets |  |  |  | 1,174,340 |  |  | 1,160,735
Capital and reserves
Called up share capital |  |  |  | 16,001 |  |  | 16,001
Share premium |  |  |  | 93,389 |  |  | 93,389
Revaluation reserve | 7 |  |  | 892,724 |  |  | 892,724
Profit and loss account |  |  |  | 172,226 |  |  | 158,621
Shareholders' funds |  |  |  | 1,174,340 |  |  | 1,160,735
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P S Waring
Director
Approved by the board on 3 October 2023

P W Projects Limited
Notes to the Accounts
for the year ended 31 December 2022
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the goods are purchased or the services complete.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Included in Land and buildings is a freehold property which is not depreciated. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Motor vehicles | 7 years
| Plant and machinery | 7 years
| Fixtures, fittings, tools and equipment | 7 years
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Debtors
| Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price, which is usually the invoice price.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 | Employees | 2022 |  | 2021
Number | Number
| Average number of persons employed by the company | 15 |  | 22
3 | Tangible fixed assets
|  | Land and buildings |  | Plant and machinery |  | Motor vehicles |  | Total
£ | £ | £ | £
| Cost
| At 1 January 2022 | 1,472,613 |  | 168,986 |  | 20,937 |  | 1,662,536
| Additions | 20,532 |  | - |  | - |  | 20,532
| At 31 December 2022 | 1,493,145 |  | 168,986 |  | 20,937 |  | 1,683,068
| Depreciation
| At 1 January 2022 | - |  | 166,658 |  | 20,235 |  | 186,893
| Charge for the year | - |  | 527 |  | 234 |  | 761
| At 31 December 2022 | - |  | 167,185 |  | 20,469 |  | 187,654
| Net book value
| At 31 December 2022 | 1,493,145 |  | 1,801 |  | 468 |  | 1,495,414
| At 31 December 2021 | 1,472,613 |  | 2,328 |  | 702 |  | 1,475,643
4 | Debtors | 2022 |  | 2021
£ | £
| Trade debtors | 15,513 |  | 7,225
| Other debtors | - |  | 11,833
|  |  |  |  |  | 15,513 |  | 19,058
5 | Creditors: amounts falling due within one year | 2022 |  | 2021
£ | £
| Bank loans and overdrafts | - |  | 13,000
| Trade creditors | 29,386 |  | 15,860
| Taxes and social security costs | 36,242 |  | 22,166
| Other creditors | 37,581 |  | 50,370
|  |  |  |  |  | 103,209 |  | 101,396
6 | Creditors: amounts falling due after one year | 2022 |  | 2021
£ | £
| Bank loans | 42,583 |  | 72,344
| Other creditors | 3,167 |  | -
|  |  |  |  |  | 45,750 |  | 72,344
7 | Revaluation reserve | 2022 |  | 2021
£ | £
| At 1 January 2022 | 892,724 |  | 892,724
| At 31 December 2022 | 892,724 |  | 892,724
8 | Other information
| P W Projects Limited is a private company limited by shares and incorporated in England.
| Its registered office is:
| Fieldways Hotel
| Hilperton Road
| Trowbridge
| Wiltshire
| BA14 7JP

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