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REGISTERED NUMBER: 07337244 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

PROJECT MANAGEMENT ON DEMAND LIMITED

PROJECT MANAGEMENT ON DEMAND LIMITED (REGISTERED NUMBER: 07337244)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROJECT MANAGEMENT ON DEMAND LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: N E Schofield
D Hughes-Jukes





REGISTERED OFFICE: 4 Hoewood
Small Dole
Henfield
West Sussex
BN5 9YR





REGISTERED NUMBER: 07337244 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

PROJECT MANAGEMENT ON DEMAND LIMITED (REGISTERED NUMBER: 07337244)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,301 4,487

CURRENT ASSETS
Debtors 5 152,138 216,075
Cash at bank 91,424 55,343
243,562 271,418
CREDITORS
Amounts falling due within one year 6 (217,957 ) (173,595 )
NET CURRENT ASSETS 25,605 97,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,906

102,310

CREDITORS
Amounts falling due after more than one
year

7

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES 8 (575 ) (1,122 )
NET ASSETS 15,664 79,521

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 15,663 79,520
SHAREHOLDERS' FUNDS 15,664 79,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 MANAGEMENT ON DEMAND LIMITED (REGISTERED NUMBER: 07337244)

Balance Sheet - continued
31 March 2024


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 8 August 2024 and were signed on its behalf by:





N E Schofield - Director


PROJECT MANAGEMENT ON DEMAND LIMITED (REGISTERED NUMBER: 07337244)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Project Management on Demand 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 company's principal place of business is the registered office.

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

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.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will be realised, which is considered to be when the job is complete.

Tangible fixed assets
Tangible fixed assets held for the Company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life.

Fixtures & fittings-25% reducing balance
Computer equipment-33% on cost

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


PROJECT MANAGEMENT ON DEMAND LIMITED (REGISTERED NUMBER: 07337244)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Government assistance
Included in bank loans is a bounce back loan which is guaranteed by the government. As part of the bounce back loan scheme the government paid the first year of interest on the loan.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 6,875 6,961 13,836
DEPRECIATION
At 1 April 2023 4,750 4,599 9,349
Charge for year 531 1,655 2,186
At 31 March 2024 5,281 6,254 11,535
NET BOOK VALUE
At 31 March 2024 1,594 707 2,301
At 31 March 2023 2,125 2,362 4,487

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,847 54,942
Other debtors 116,291 161,133
152,138 216,075

PROJECT MANAGEMENT ON DEMAND LIMITED (REGISTERED NUMBER: 07337244)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 73,161 3,040
Taxation and social security 61,165 60,631
Other creditors 73,631 99,924
217,957 173,595

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 575 1,122

Deferred
tax
£   
Balance at 1 April 2023 1,122
Accelerated capital allowances (547 )
Balance at 31 March 2024 575

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review key management personnel advanced £99,509 and repaid £98,171. At the balance sheet date key management personnel owed the company £45,558 (2023: £44,220).

Interest of £318 (2023: £273) was charged on the outstanding balance at a rate of 2.25% per annum. The loan is repayable on demand.