Silverfin false false 31/07/2023 20/09/2022 31/07/2023 Mr L D George 20/09/2022 14 March 2024 The principal activity of the company during the financial year was construction contracting. 14366005 2023-07-31 14366005 bus:Director1 2023-07-31 14366005 core:CurrentFinancialInstruments 2023-07-31 14366005 core:ShareCapital 2023-07-31 14366005 core:RetainedEarningsAccumulatedLosses 2023-07-31 14366005 bus:OrdinaryShareClass1 2023-07-31 14366005 2022-09-20 2023-07-31 14366005 bus:FilletedAccounts 2022-09-20 2023-07-31 14366005 bus:SmallEntities 2022-09-20 2023-07-31 14366005 bus:AuditExemptWithAccountantsReport 2022-09-20 2023-07-31 14366005 bus:PrivateLimitedCompanyLtd 2022-09-20 2023-07-31 14366005 bus:Director1 2022-09-20 2023-07-31 14366005 bus:OrdinaryShareClass1 2022-09-20 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14366005 (England and Wales)

PROJECT BUILT LIMITED

Unaudited Financial Statements
For the financial period from 20 September 2022 to 31 July 2023
Pages for filing with the registrar

PROJECT BUILT LIMITED

Unaudited Financial Statements

For the financial period from 20 September 2022 to 31 July 2023

Contents

PROJECT BUILT LIMITED

BALANCE SHEET

As at 31 July 2023
PROJECT BUILT LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
31.07.2023
£
Current assets
Stocks 5,000
Debtors 3 119,520
124,520
Creditors: amounts falling due within one year 4 ( 47,752)
Net current assets 76,768
Total assets less current liabilities 76,768
Accruals and deferred income ( 2,000)
Net assets 74,768
Capital and reserves
Called-up share capital 5 100
Profit and loss account 74,668
Total shareholder's funds 74,768

For the financial period ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Project Built Limited (registered number: 14366005) were approved and authorised for issue by the Director on 14 March 2024. They were signed on its behalf by:

Mr L D George
Director
PROJECT BUILT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 20 September 2022 to 31 July 2023
PROJECT BUILT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 20 September 2022 to 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Project Built Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 5 Evercreech Junction, , Evercreech, BA4 6NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
20.09.2022 to
31.07.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Debtors

31.07.2023
£
Trade debtors 22,284
Other debtors 97,236
119,520

4. Creditors: amounts falling due within one year

31.07.2023
£
Bank overdrafts 27,357
Trade creditors 157
Taxation and social security 20,238
47,752

5. Called-up share capital

31.07.2023
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

During the year 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. These shares were issued on incorporation.

6. Related party transactions

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

During the year, £27,600 was advanced to the director, and £1,850 was repaid by the director. At 31 July 2023, the balance owed by the director was £25,750.