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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
Page
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Project Resource Requirements Ltd Company Information for the year ended 31 March 2023
Director
Paul Restall
Secretary
Claire Restall
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
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Project Resource Requirements Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,724 
655 
Current assets
Debtors
19,015 
19,215 
Cash at bank and in hand
15,011 
1,675 
34,026 
20,890 
Creditors: amounts falling due within one year
(4,040)
(199)
Net current assets
29,986 
20,691 
Net assets
49,710 
21,346 
Capital and reserves
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
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Project Resource Requirements Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
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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 
Depreciation
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 
Net book value
At 31 March 2023
64 
19,375 
285 
19,724 
At 31 March 2022
124 
- 
531 
655 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
599 
- 
Other debtors
18,416 
19,215 
19,015 
19,215 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
4,040 
199 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Paul Restall
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).
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