Project Solutions Design & Build Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06274814 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 December 2018

for

Project Solutions Design & Build Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R E Talbot

A R Talbot

SECRETARY:

REGISTERED OFFICE:

30 Davenport Court

Doulton Close

Weymouth

Dorset

DT4 0GX

REGISTERED NUMBER:

06274814 (England and Wales)

ACCOUNTANTS:

A Hunter & Co Ltd

Chartered Certified Accountants

61 St Thomas Street

Weymouth

Dorset

DT4 8EQ

FIXED ASSETS

Tangible assets

4

11,544

4,584

CURRENT ASSETS

Stocks

13,781

9,362

Debtors

5

-

51,293

Cash at bank

25,365

11,859

39,146

72,514

CREDITORS

Amounts falling due within one year

6

81,736

82,403

NET CURRENT LIABILITIES

(42,590

)

(9,889

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(31,046

)

(5,305

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(31,050

)

(5,309

)

SHAREHOLDERS' FUNDS

(31,046

)

(5,305

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2018 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.

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 on 27 September 2019 and were signed on its behalf by:

R E Talbot - Director

1.	STATUTORY INFORMATION

Project Solutions Design & Build 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 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 etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

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 3 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 December 2017

7,381

Additions

10,535

At 30 December 2018

17,916

DEPRECIATION

At 31 December 2017

2,797

Charge for year

3,575

At 30 December 2018

6,372

NET BOOK VALUE

At 30 December 2018

11,544

At 30 December 2017

4,584

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.18

30.12.17

£

£

Trade debtors

-

51,293

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.18

30.12.17

£

£

Trade creditors

14,355

-

Taxation and social security

32,655

17,726

Other creditors

34,726

64,677

81,736

82,403