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Company No: 07120414 (England and Wales)

CONSTRUCTION PROJECT MANAGEMENT (SW) LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

CONSTRUCTION PROJECT MANAGEMENT (SW) LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

CONSTRUCTION PROJECT MANAGEMENT (SW) LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
CONSTRUCTION PROJECT MANAGEMENT (SW) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR Mr D Wooff
SECRETARY Mrs K Heard
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 07120414 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
CONSTRUCTION PROJECT MANAGEMENT (SW) LIMITED

BALANCE SHEET

As at 31 December 2023
CONSTRUCTION PROJECT MANAGEMENT (SW) LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 19,750 25,444
19,750 25,444
Current assets
Debtors 4 2,820 4,251
Cash at bank and in hand 37,637 51,999
40,457 56,250
Creditors: amounts falling due within one year 5 ( 39,292) ( 41,350)
Net current assets 1,165 14,900
Total assets less current liabilities 20,915 40,344
Creditors: amounts falling due after more than one year 6 ( 2,000) ( 3,200)
Net assets 18,915 37,144
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 18,914 37,143
Total shareholder's funds 18,915 37,144

For the financial year ending 31 December 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 Construction Project Management (SW) Limited (registered number: 07120414) were approved and authorised for issue by the Director on 24 September 2024. They were signed on its behalf by:

Mr D Wooff
Director
CONSTRUCTION PROJECT MANAGEMENT (SW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
CONSTRUCTION PROJECT MANAGEMENT (SW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

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

General information and basis of accounting

Construction Project Management (SW) 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 Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the companies activities.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 25 % reducing balance
Vehicles 20 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 January 2023 41,473 4,002 4,900 2,924 53,299
Disposals 0 0 ( 4,900) 0 ( 4,900)
At 31 December 2023 41,473 4,002 0 2,924 48,399
Accumulated depreciation
At 01 January 2023 17,855 3,732 3,616 2,652 27,855
Charge for the financial year 4,148 68 0 194 4,410
Disposals 0 0 ( 3,616) 0 ( 3,616)
At 31 December 2023 22,003 3,800 0 2,846 28,649
Net book value
At 31 December 2023 19,470 202 0 78 19,750
At 31 December 2022 23,618 270 1,284 272 25,444

4. Debtors

2023 2022
£ £
Trade debtors 400 1,450
Amounts owed by director 0 1,683
Corporation tax 2,420 0
Other debtors 0 1,118
2,820 4,251

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 1,200 1,200
Taxation and social security 1,637 7,600
Other creditors 36,455 32,550
39,292 41,350

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 2,000 3,200

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
B/f (1,683) 0
Interest Free Advance (7,897) (27,467)
Repayments 9,580 25,784
C/f 0 (1,683)