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). |
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|
8 |
Other information |
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|
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 |