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Project Planning Ltd

Registered Number
07226379
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

Project Planning Ltd
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

GROVES, Adrian Richard

Company Secretary

GROVES, Jane Fiona

Registered Address

Chestnut Field House
Chestnut Field
Rugby
CV21 2PD

Registered Number

07226379 (England and Wales)
Project Planning Ltd
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets348,07762,536
48,07762,536
Current assets
Debtors331,339191,578
Cash at bank and on hand47,49291,781
378,831283,359
Creditors amounts falling due within one year4(294,801)(237,107)
Net current assets (liabilities)84,03046,252
Total assets less current liabilities132,107108,788
Creditors amounts falling due after one year5-(11,897)
Provisions for liabilities6(9,414)(12,853)
Net assets122,69384,038
Capital and reserves
Called up share capital100100
Profit and loss account122,59383,938
Shareholders' funds122,69384,038
The financial statements were approved and authorised for issue by the Director on 12 May 2025, and are signed on its behalf by:
GROVES, Adrian Richard
Director
Registered Company No. 07226379
Project Planning Ltd
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year88
3.Tangible fixed assets

Land & buildings

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 January 246,82359,6073,86128,14798,438
Additions---2,5702,570
Disposals---(1,719)(1,719)
At 31 December 246,82359,6073,86128,99899,289
Depreciation and impairment
At 01 January 241,76217,92261815,60035,902
Charge for year34110,8743875,11916,721
On disposals---(1,411)(1,411)
At 31 December 242,10328,7961,00519,30851,212
Net book value
At 31 December 244,72030,8112,8569,69048,077
At 31 December 235,06141,6853,24312,54762,536
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables156,520117,705
Bank borrowings and overdrafts1,6211,309
Taxation and social security124,762102,901
Finance lease and HP contracts11,89815,192
Total294,801237,107
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-11,897
Total-11,897
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)9,41412,853
Total9,41412,853
7.Operating lease commitments
At 31 12 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £17,543 (2023 – £23,423)