Company Registration No. 11865526 (England and Wales)
Project Resource Requirements Ltd
Unaudited accounts
for the year ended 31 March 2023
Project Resource Requirements Ltd
Unaudited accounts
Contents
Project Resource Requirements Ltd
Company Information
for the year ended 31 March 2023
Company Number
11865526 (England and Wales)
Registered Office
16 Mascalls Lane
Brentwood
Essex
CM14 5LR
United Kingdom
Accountants
Kevin Gibbons MAAT
Virtual Financial Controller Limited
11 Sussex Avenue
Romford
RM3 0TA
Project Resource Requirements Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
19,724
655
Cash at bank and in hand
15,011
1,675
Creditors: amounts falling due within one year
(4,040)
(199)
Net current assets
29,986
20,691
Called up share capital
1
1
Profit and loss account
49,709
21,345
Shareholders' funds
49,710
21,346
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2023 and were signed on its behalf by
Paul Restall
Director
Company Registration No. 11865526
Project Resource Requirements Ltd
Notes to the Accounts
for the year ended 31 March 2023
Project Resource Requirements Ltd is a private company, limited by shares, registered in England and Wales, registration number 11865526. The registered office is 16 Mascalls Lane, Brentwood, Essex, CM14 5LR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided, on cost less residual value, at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
30% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Project Resource Requirements Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
242
-
1,346
1,588
Additions
-
20,000
-
20,000
At 31 March 2023
242
20,000
1,346
21,588
At 1 April 2022
118
-
815
933
Charge for the year
60
625
246
931
At 31 March 2023
178
625
1,061
1,864
At 31 March 2023
64
19,375
285
19,724
At 31 March 2022
124
-
531
655
Amounts falling due within one year
Other debtors
18,416
19,215
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,040
199
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Sale of vehicle
19,215
-
19,215
-
Short Term Loan
-
8,199
-
8,199
19,215
8,199
19,215
8,199
The loan to director was repaid in full on 6 April 2023
8
Average number of employees
During the year the average number of employees was 1 (2022: 0).