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Registration number: 06805977

Project Construction Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Project Construction Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Project Construction Services Limited

Company Information

Directors

Mr A R Milton

Mrs N Milton

Mr G W Milton

Registered office

Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Accountants

Ross & Partners (Bristol) Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

Project Construction Services Limited

(Registration number: 06805977)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

1,516

1,516

Creditors: Amounts falling due within one year

4

(878)

(878)

Net assets

 

638

638

Capital and reserves

 

Called up share capital

5

3

3

Retained earnings

635

635

Shareholders' funds

 

638

638

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Project Construction Services Limited

(Registration number: 06805977)
Balance Sheet as at 29 February 2024

Approved and authorised by the Board on 26 November 2024 and signed on its behalf by:
 

.........................................
Mr A R Milton
Director

 

Project Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Project Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

3

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

6

1,516

1,516

   

1,516

1,516

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

878

878

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

2

2

2

2

Ordinary B shares of £1 each

1

1

1

1

3

3

3

3

6

Related party transactions

Loans to related parties

2024

Parent
£

Total
£

At start of period

1,516

1,516

At end of period

1,516

1,516

 

Project Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

2023

Parent
£

Total
£

At start of period

1,516

1,516

At end of period

1,516

1,516

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

878

878

At end of period

878

878

2023

Other related parties
£

Total
£

At start of period

865

865

Advanced

13

13

At end of period

878

878