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REGISTERED NUMBER: 04645201















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

PROJECT DEVELOPMENTS LIMITED

PROJECT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04645201)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROJECT DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: P Moriarty





SECRETARY: P Moriarty





REGISTERED OFFICE: Behind 47 Stockwell Road
Birmingham
West Midlands
B21 9RL





REGISTERED NUMBER: 04645201





ACCOUNTANTS: Parkar Accountants
19/21 Hatchett Street
Hockley
Birmingham
West Midlands
B19 3NX

PROJECT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04645201)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 229,749 273,940

CURRENT ASSETS
Debtors 5 657,972 1,070,100
Cash at bank and in hand 91,390 176,942
749,362 1,247,042
CREDITORS
Amounts falling due within one year 6 408,938 957,643
NET CURRENT ASSETS 340,424 289,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,173

563,339

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 570,073 563,239
SHAREHOLDERS' FUNDS 570,173 563,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 15 April 2024 and were signed by:





P Moriarty - Director


PROJECT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04645201)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Project Developments Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 10 ) .

PROJECT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04645201)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
land machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2022 170,000 212,328 520 27,364 410,212
Disposals - (56,500 ) - - (56,500 )
At 30 June 2023 170,000 155,828 520 27,364 353,712
DEPRECIATION
At 1 July 2022 - 121,038 410 14,824 136,272
Charge for year - 12,408 27 2,508 14,943
Eliminated on disposal - (27,252 ) - - (27,252 )
At 30 June 2023 - 106,194 437 17,332 123,963
NET BOOK VALUE
At 30 June 2023 170,000 49,634 83 10,032 229,749
At 30 June 2022 170,000 91,290 110 12,540 273,940

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 482,726 451,339
Other debtors 175,246 618,761
657,972 1,070,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 145,907 545,764
Taxation and social security 19,104 (38,655 )
Other creditors 243,927 450,534
408,938 957,643

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

PROJECT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04645201)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

8. RESERVES
Retained
earnings
£   

At 1 July 2022 563,239
Profit for the year 6,834
At 30 June 2023 570,073