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REGISTERED NUMBER: 03635019 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PROJECT CABLING LIMITED

PROJECT CABLING LIMITED (REGISTERED NUMBER: 03635019)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROJECT CABLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P D Ross
Mrs D K Ross





SECRETARY: Mrs D K Ross





REGISTERED OFFICE: Kingfisher House
11 Hoffmanns Way
Chelmsford
Essex
CM1 2AJ





REGISTERED NUMBER: 03635019 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Kingfisher House
11 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

PROJECT CABLING LIMITED (REGISTERED NUMBER: 03635019)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 45,922 1,301

CURRENT ASSETS
Stocks 1,900 1,900
Debtors 6 24,785 98,537
Cash at bank 20,675 52,198
47,360 152,635
CREDITORS
Amounts falling due within one year 7 43,086 117,689
NET CURRENT ASSETS 4,274 34,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,196

36,247

CREDITORS
Amounts falling due after more than one
year

8

49,167

24,502
NET ASSETS 1,029 11,745

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 1,027 11,743
SHAREHOLDERS' FUNDS 1,029 11,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PROJECT CABLING LIMITED (REGISTERED NUMBER: 03635019)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





Mrs D K Ross - Director


PROJECT CABLING LIMITED (REGISTERED NUMBER: 03635019)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Project Cabling Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods, net of returns, discounts and value added taxes.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met.

Turnover is recognised on completion of the service provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Fixtures & equipment - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


PROJECT CABLING LIMITED (REGISTERED NUMBER: 03635019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Motor Fixtures
vehicles & equipment Totals
£    £    £   
COST
At 1 April 2022 - 21,847 21,847
Additions 47,903 2,650 50,553
At 31 March 2023 47,903 24,497 72,400
DEPRECIATION
At 1 April 2022 - 20,546 20,546
Charge for year 4,990 942 5,932
At 31 March 2023 4,990 21,488 26,478
NET BOOK VALUE
At 31 March 2023 42,913 3,009 45,922
At 31 March 2022 - 1,301 1,301

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,819 95,561
Directors' loan accounts 11,950 -
Tax - 11
VAT 5,012 -
Prepayments and accrued income 1,004 2,965
24,785 98,537

PROJECT CABLING LIMITED (REGISTERED NUMBER: 03635019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,419 9,920
Hire purchase contracts 4,884 -
Trade creditors 21,509 20,628
Tax - 17,724
Social security and other taxes 218 37
VAT - 42,141
Other creditors 118 2,460
Directors' loan accounts 1,188 22,601
Accrued expenses 1,750 2,178
43,086 117,689

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 14,000 14,000
Bank loans - 2-5 years 3,921 10,502
Hire purchase contracts 31,246 -
49,167 24,502

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 6,419 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. RELATED PARTY DISCLOSURES

A balance of £2,393 (2021: £2,393) is due from DABS AVI Ltd. DABS AVI Ltd is controlled by the Directors of Project Cabling Limited.