Registered number
04096285
Project Building Services Limited
Unaudited Filleted Accounts
31 October 2023
Project Building Services Limited
Registered number: 04096285
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 130
Current assets
Debtors 4 376 20,086
Cash at bank and in hand 2,855 51,948
3,231 72,034
Creditors: amounts falling due within one year 5 (3,131) (2,505)
Net current assets 100 69,529
Net assets 100 69,659
Capital and reserves
Called up share capital 100 100
Profit and loss account - 69,559
Shareholders' funds 100 69,659
The directors are 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 directors acknowledge their 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.
Mr C Baker
Director
Approved by the board on 1 November 2023
Project Building Services Limited
Notes to the Accounts
for the year ended 31 October 2023
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 (as applied to small entities by section 1A of the standard).
Turnover
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 value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured
reliably and the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. 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:
Plant and machinery 25% per annum
Motor vehicles 25% per annum
Stocks
Stocks, including work in progress, are consistently valued at the lower of cost and net realisable
value.
Debtors
Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 November 2022 3,163 14,668 17,831
Disposals (3,163) (14,668) (17,831)
At 31 October 2023 - - -
Depreciation
At 1 November 2022 3,033 14,668 17,701
Charge for the year 130 - 130
On disposals (3,163) (14,668) (17,831)
At 31 October 2023 - - -
Net book value
At 31 October 2023 - - -
At 31 October 2022 130 - 130
4 Debtors 2023 2022
£ £
Trade debtors - 4,480
Other debtors 376 15,606
376 20,086
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,692 -
Taxation and social security costs - 932
Other creditors 1,439 1,573
3,131 2,505
6 Pension commitments
The company operates a defined contribution pension scheme to the benefit of the directors. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £nil (2022: £80,000).
7 Related party transactions
Mr C Baker
(Director and shareholder)
At the balance sheet date the amount due to Mr C Baker was £734 (2022: £nil).

Mrs D Baker
(Director and shareholder)
At the balance sheet date the amount due to Mrs D Baker was £705 (2022: £nil).
8 Other information
Project Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Bannister Gardens
Storrington
West Sussex
RH20 4PU
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