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REGISTERED NUMBER: 03296321 (England and Wales)












P V PROJECTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






P V PROJECTS LTD (REGISTERED NUMBER: 03296321)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P V PROJECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J R Iles
K A Miles
J M Muller





REGISTERED OFFICE: The Lodge
Highcroft Road
Winchester
Hampshire
SO22 5GU





REGISTERED NUMBER: 03296321 (England and Wales)

P V PROJECTS LTD (REGISTERED NUMBER: 03296321)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 32,090 43,129

CURRENT ASSETS
Stocks 87,500 60,500
Debtors 5 351,110 282,173
Cash at bank and in hand 208,946 247,038
647,556 589,711
CREDITORS
Amounts falling due within one year 6 (451,848 ) (383,420 )
NET CURRENT ASSETS 195,708 206,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,798

249,420

CREDITORS
Amounts falling due after more than one
year

7

-

(25,000

)

PROVISIONS FOR LIABILITIES (17,622 ) (10,782 )
NET ASSETS 210,176 213,638

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 209,176 212,638
SHAREHOLDERS' FUNDS 210,176 213,638

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

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

P V PROJECTS LTD (REGISTERED NUMBER: 03296321)

BALANCE SHEET - continued
31 DECEMBER 2024


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

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 24 March 2025 and were signed on its behalf by:





J M Muller - Director


P V PROJECTS LTD (REGISTERED NUMBER: 03296321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

P V Projects Ltd 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover
Turnover represents net sales during the year (excluding value added tax and disbursements) adjusted for accrued and deferred income where applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% Straight line
Computer equipment - Straight line over 4 years

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 recognised in the income statement.

Work in progress
Work in progress is valued as the lower of cost and net realisable value of un-invoiced work.

Financial instruments
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial Liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, 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.

Equity Instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

P V PROJECTS LTD (REGISTERED NUMBER: 03296321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
Contributions are paid into individual employees' personal pension plans. The cost is charges to the profit and loss account in the year in which they become payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2024 39,598 121,499 161,097
Additions - 12,211 12,211
Disposals (926 ) (11,376 ) (12,302 )
At 31 December 2024 38,672 122,334 161,006
DEPRECIATION
At 1 January 2024 13,043 104,925 117,968
Charge for year 7,204 15,624 22,828
Eliminated on disposal (926 ) (10,954 ) (11,880 )
At 31 December 2024 19,321 109,595 128,916
NET BOOK VALUE
At 31 December 2024 19,351 12,739 32,090
At 31 December 2023 26,555 16,574 43,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 271,389 209,683
Other debtors 79,721 72,490
351,110 282,173

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 25,000 30,000
Trade creditors 11,995 16,257
Taxation and social security 113,198 91,945
Other creditors 301,655 245,218
451,848 383,420

P V PROJECTS LTD (REGISTERED NUMBER: 03296321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 25,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 25,000 55,000

Bank loans are secured by way of a fixed and floating charge over the company's assets.

9. LEASING AGREEMENTS

At the balance sheet date the company had future commitments under operating leases which totalled £43,308 (2023 - £83,308).