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REGISTERED NUMBER: 03654806 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PROJECT DESIGN INNOVATION LIMITED

PROJECT DESIGN INNOVATION LIMITED (REGISTERED NUMBER: 03654806)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


PROJECT DESIGN INNOVATION LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: T G Henson
C M Henson



SECRETARY: C M Henson



REGISTERED OFFICE: 9 Stafford Street
Brewood
Stafford
Staffordshire
ST19 9DX



REGISTERED NUMBER: 03654806 (England and Wales)



ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ



BANKERS: Lloyds
PO Box 46
The Bridge
Walsall
West Midlands
WS1 1LU

PROJECT DESIGN INNOVATION LIMITED (REGISTERED NUMBER: 03654806)

ABRIDGED BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,901 3,130

CURRENT ASSETS
Debtors 48,470 48,822
Cash at bank 21,294 64,936
69,764 113,758
CREDITORS
Amounts falling due within one year 24,519 34,987
NET CURRENT ASSETS 45,245 78,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,146

81,901

PROVISIONS FOR LIABILITIES 534 574
NET ASSETS 47,612 81,327

CAPITAL AND RESERVES
Called up share capital 42 42
Retained earnings 47,570 81,285
SHAREHOLDERS' FUNDS 47,612 81,327

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 October 2024 and were signed on its behalf by:





T G Henson - Director


PROJECT DESIGN INNOVATION LIMITED (REGISTERED NUMBER: 03654806)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Project Design Innovation 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 33,335
Additions 188
At 31 January 2024 33,523
DEPRECIATION
At 1 February 2023 30,205
Charge for year 417
At 31 January 2024 30,622
NET BOOK VALUE
At 31 January 2024 2,901
At 31 January 2023 3,130