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REGISTERED NUMBER: 04645201















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

PROJECT DEVELOPMENTS LIMITED

PROJECT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04645201)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROJECT DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: P Moriarty





SECRETARY: P Moriarty





REGISTERED OFFICE: Behind 47 Stockwell Road
Birmingham
West Midlands
B21 9RL





REGISTERED NUMBER: 04645201





ACCOUNTANTS: T&W Accounts
19/21 Hatchett Street
Hockley
Birmingham
West Midlands
B19 3NX

PROJECT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04645201)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 217,800 229,749

CURRENT ASSETS
Debtors 5 640,605 657,972
Cash at bank and in hand 34,201 91,390
674,806 749,362
CREDITORS
Amounts falling due within one year 6 319,887 408,938
NET CURRENT ASSETS 354,919 340,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,719

570,173

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 572,619 570,073
SHAREHOLDERS' FUNDS 572,719 570,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





P Moriarty - Director


PROJECT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04645201)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Project Developments Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

PROJECT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04645201)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
land machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 170,000 155,828 520 27,364 353,712
DEPRECIATION
At 1 July 2023 - 106,194 437 17,332 123,963
Charge for year - 9,927 16 2,006 11,949
At 30 June 2024 - 116,121 453 19,338 135,912
NET BOOK VALUE
At 30 June 2024 170,000 39,707 67 8,026 217,800
At 30 June 2023 170,000 49,634 83 10,032 229,749

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 432,495 482,726
Other debtors 208,110 175,246
640,605 657,972

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 42,140 145,907
Taxation and social security 24,798 19,104
Other creditors 252,949 243,927
319,887 408,938

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 July 2023 570,073
Profit for the year 2,546
At 30 June 2024 572,619