Silverfin false false 30/04/2024 01/05/2023 30/04/2024 S R A Garrard 01/05/2021 D J Goedecke 01/05/2016 C R Jones 01/05/2022 P Philips 06/03/2001 A L Slater 01/05/2006 G D Wright 01/05/2023 22 October 2024 no description of principal activity 04148914 2024-04-30 04148914 bus:Director1 2024-04-30 04148914 bus:Director2 2024-04-30 04148914 bus:Director3 2024-04-30 04148914 bus:Director4 2024-04-30 04148914 bus:Director5 2024-04-30 04148914 bus:Director6 2024-04-30 04148914 2023-04-30 04148914 core:CurrentFinancialInstruments 2024-04-30 04148914 core:CurrentFinancialInstruments 2023-04-30 04148914 core:Non-currentFinancialInstruments 2024-04-30 04148914 core:Non-currentFinancialInstruments 2023-04-30 04148914 core:ShareCapital 2024-04-30 04148914 core:ShareCapital 2023-04-30 04148914 core:CapitalRedemptionReserve 2024-04-30 04148914 core:CapitalRedemptionReserve 2023-04-30 04148914 core:RetainedEarningsAccumulatedLosses 2024-04-30 04148914 core:RetainedEarningsAccumulatedLosses 2023-04-30 04148914 core:LandBuildings 2023-04-30 04148914 core:OtherPropertyPlantEquipment 2023-04-30 04148914 core:LandBuildings 2024-04-30 04148914 core:OtherPropertyPlantEquipment 2024-04-30 04148914 bus:OrdinaryShareClass1 2024-04-30 04148914 2023-05-01 2024-04-30 04148914 bus:FilletedAccounts 2023-05-01 2024-04-30 04148914 bus:SmallEntities 2023-05-01 2024-04-30 04148914 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04148914 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04148914 bus:Director1 2023-05-01 2024-04-30 04148914 bus:Director2 2023-05-01 2024-04-30 04148914 bus:Director3 2023-05-01 2024-04-30 04148914 bus:Director4 2023-05-01 2024-04-30 04148914 bus:Director5 2023-05-01 2024-04-30 04148914 bus:Director6 2023-05-01 2024-04-30 04148914 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-05-01 2024-04-30 04148914 2022-05-01 2023-04-30 04148914 core:LandBuildings 2023-05-01 2024-04-30 04148914 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 04148914 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 04148914 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 04148914 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04148914 (England and Wales)

PROJECT & BUILDING CONSULTANCY LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

PROJECT & BUILDING CONSULTANCY LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

PROJECT & BUILDING CONSULTANCY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
PROJECT & BUILDING CONSULTANCY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 30,143 39,383
30,143 39,383
Current assets
Debtors 4 1,148,360 1,289,948
Cash at bank and in hand 1,056,614 760,946
2,204,974 2,050,894
Creditors: amounts falling due within one year 5 ( 2,104,506) ( 1,222,977)
Net current assets 100,468 827,917
Total assets less current liabilities 130,611 867,300
Creditors: amounts falling due after more than one year 6 ( 20,000) ( 90,000)
Net assets 110,611 777,300
Capital and reserves
Called-up share capital 7 5,860 5,860
Capital redemption reserve 4,140 4,140
Profit and loss account 100,611 767,300
Total shareholders' funds 110,611 777,300

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Project & Building Consultancy Limited (registered number: 04148914) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

P Philips
Director
A L Slater
Director
D J Goedecke
Director

22 October 2024

PROJECT & BUILDING CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
PROJECT & BUILDING CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
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

Project & Building Consultancy 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 6-7 New Bridge Street, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined benefit schemes
For defined benefit schemes the amounts charged to operating profit are the costs arising from employee services rendered during the period and the cost of plan introductions, benefit changes, settlements and curtailments. They are included as part of staff costs. The net interest cost on the net defined benefit liability is charged to the Statement of Income and Retained Earnings and included within finance costs. Remeasurement comprising actuarial gains and losses and the return on scheme assets (excluding amounts included in net interest on the net defined benefit liability) are recognised immediately in the Statement of Comprehensive Income.

Defined benefit schemes are funded, with the assets of the scheme held separately from those of the company, in separate trustee administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit credit method. Actuarial valuations are obtained at least triennially and are updated at each Statement of Financial Position date.

The cost of providing benefits under defined benefit plans is determined separately for each plan using the projected unit credit method, and is based on actuarial valuations.

The change in the net defined benefit liability arising from employee service during the year is recognised as an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are recognised as an expense in measuring profit or loss in the period in which they arise.

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

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 Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 depreciated over the life of the lease
Plant and machinery etc. 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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 34 30

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 May 2023 10,220 200,146 210,366
Additions 0 17,542 17,542
At 30 April 2024 10,220 217,688 227,908
Accumulated depreciation
At 01 May 2023 10,220 160,763 170,983
Charge for the financial year 0 26,782 26,782
At 30 April 2024 10,220 187,545 197,765
Net book value
At 30 April 2024 0 30,143 30,143
At 30 April 2023 0 39,383 39,383

4. Debtors

2024 2023
£ £
Trade debtors 961,741 1,084,831
Other debtors 186,619 205,117
1,148,360 1,289,948

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 60,000 60,000
Trade creditors 140,160 97,852
Amounts owed to directors 627,000 0
Accruals 82,260 64,437
Taxation and social security 515,764 430,784
Other creditors 679,322 569,904
2,104,506 1,222,977

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

2024 2023
£ £
Bank loans 20,000 90,000

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

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
5,860 Ordinary shares of £ 1.00 each 5,860 5,860

8. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 289,088 27,489