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REGISTERED NUMBER: OC414920 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PROJECT, TECHNICAL AND SITE SERVICES LLP

PROJECT, TECHNICAL AND SITE SERVICES LLP (REGISTERED NUMBER: OC414920)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROJECT, TECHNICAL AND SITE SERVICES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DESIGNATED MEMBERS: K Manson
A Bell
D Saul
G Davidson
S Bedford





REGISTERED OFFICE: Ground Floor
Finchale House
Belmont Business Park
County Durham
DH1 1TW





REGISTERED NUMBER: OC414920 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

PROJECT, TECHNICAL AND SITE SERVICES LLP (REGISTERED NUMBER: OC414920)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,421 175,169

CURRENT ASSETS
Debtors 5 167,591 144,202
Cash at bank 39,672 42,895
207,263 187,097
CREDITORS
Amounts falling due within one year 6 77,836 61,318
NET CURRENT ASSETS 129,427 125,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,848

300,948

CREDITORS
Amounts falling due after more than one
year

7

64,725

79,270
NET ASSETS ATTRIBUTABLE TO
MEMBERS

246,123

221,678

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

246,123

221,678

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 246,123 221,678

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

PROJECT, TECHNICAL AND SITE SERVICES LLP (REGISTERED NUMBER: OC414920)

BALANCE SHEET - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 March 2024 and were signed by:





G Davidson - Designated member

PROJECT, TECHNICAL AND SITE SERVICES LLP (REGISTERED NUMBER: OC414920)

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

1. STATUTORY INFORMATION

Project, Technical and Site Services LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 lift or, if held under a finance lease, over the lease term, whichever is the shorter.
Computer equipment - 33% on cost
Motor Vehicles - straight line over 2, 3 or 4 years, after taking residual values into account
Plant & Machinery - 25% on cost and 50% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 256,798
Additions 61,688
At 31 December 2023 318,486
DEPRECIATION
At 1 January 2023 81,629
Charge for year 55,436
At 31 December 2023 137,065
NET BOOK VALUE
At 31 December 2023 181,421
At 31 December 2022 175,169

PROJECT, TECHNICAL AND SITE SERVICES LLP (REGISTERED NUMBER: OC414920)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 165,763
Additions 54,398
At 31 December 2023 220,161
DEPRECIATION
At 1 January 2023 46,721
Charge for year 34,456
At 31 December 2023 81,177
NET BOOK VALUE
At 31 December 2023 138,984
At 31 December 2022 119,042

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 159,215 137,487
Other debtors 1,876 1,846
Accrued income 6,500 4,423
Prepayments - 446
167,591 144,202

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 31,678 21,890
Trade creditors 1,794 41
Taxation and social security 39,300 32,286
Other creditors 5,064 7,101
77,836 61,318

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 64,725 79,270

PROJECT, TECHNICAL AND SITE SERVICES LLP (REGISTERED NUMBER: OC414920)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 31,678 21,890
Between one and five years 64,725 79,270
96,403 101,160

Non-cancellable operating leases
2023 2022
£    £   
Within one year 4,357 1,783
Between one and five years 6,899 -
11,256 1,783

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 96,403 101,160

Hire purchase contracts are secured against the assets to which they relate.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 246,123 221,678

Falling due within one year 246,123 221,678

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.