Company No:
Contents
31.07.2023 | ||
£ | ||
Current assets | ||
Stocks |
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Debtors | 3 |
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124,520 | ||
Creditors: amounts falling due within one year | 4 | (
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Net current assets | 76,768 | |
Total assets less current liabilities | 76,768 | |
Accruals and deferred income | (
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Net assets |
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Capital and reserves | ||
Called-up share capital | 5 |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of Project Built Limited (registered number:
Mr L D George
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
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 is recognised when the significant risks and rewards are considered to have been transferred to the customer.
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.
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.
Period from 20.09.2022 to 31.07.2023 |
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Number | |
Monthly average number of persons employed by the Company during the period, including the director |
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31.07.2023 | |
£ | |
Trade debtors |
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Other debtors |
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31.07.2023 | |
£ | |
Bank overdrafts |
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Trade creditors |
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Taxation and social security |
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31.07.2023 | |
£ | |
Allotted, called-up and fully-paid | |
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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.