Project Planning Professionals Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05021644 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

FOR

PROJECT PLANNING PROFESSIONALS LIMITED

Page

Company Information

1

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr J Williams

Mrs J Williams

Mr T D`Orgee

SECRETARY:

Mrs J Williams

REGISTERED OFFICE:

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BUSINESS ADDRESS:

61 Hartfield Road

Chessington

Surrey

KT9 2PP

REGISTERED NUMBER:

05021644 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,376

2,567

1,376

2,567

CURRENT ASSETS

Debtors

6

25,512

24,166

Cash at bank

-

3,865

25,512

28,031

CREDITORS

Amounts falling due within one year

7

20,703

22,547

NET CURRENT ASSETS

4,809

5,484

TOTAL ASSETS LESS CURRENT LIABILITIES

6,185

8,051

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

6,085

7,951

SHAREHOLDERS' FUNDS

6,185

8,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 and authorised for issue by the Board of Directors on 26 November 2019 and were signed on its behalf by:

Mr J Williams - Director

1.	STATUTORY INFORMATION

Project Planning Professionals Limited 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.

The financial statements are presented in sterling which is the functional currency of the

company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that

have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation

uncertainty at the reporting date that have a significant risk of causing material adjustment to

the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT

and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from maintaining and

running a website is recognised by reference to the stage of completion at the balance sheet

date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of

the expenses recognised that are recoverable.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual

value, over the useful economic life of that asset as follows:

Domain name - 20% straight line

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated

depreciation and accumulated impairment losses. Cost includes costs directly attributable to

making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost,

less estimated residual value, of each asset on a systematic basis over its expected useful life

as follows:

Fixtures and fittings

33% on cost

Equipment

33% on cost

Pension costs

The company makes employer contributions to the directors personal pension scheme. The

annual contributions payable are charged to the profit and loss account

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the

contractual arrangement, as either financial assets, financial liabilities or equity instruments.

An equity instrument is any contract that evidences a residual interest in the assets of the

company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Domain

name

£

COST

At 1 February 2018

and 31 January 2019

7,046

AMORTISATION

At 1 February 2018

and 31 January 2019

7,046

NET BOOK VALUE

At 31 January 2019

-

At 31 January 2018

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

Equipment

Totals

£

£

£

COST

At 1 February 2018

and 31 January 2019

22,265

8,695

30,960

DEPRECIATION

At 1 February 2018

20,946

7,447

28,393

Charge for year

520

671

1,191

At 31 January 2019

21,466

8,118

29,584

NET BOOK VALUE

At 31 January 2019

799

577

1,376

At 31 January 2018

1,319

1,248

2,567

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade debtors

20,538

11,180

Directors' current accounts

4,024

4,694

VAT

-

2,072

Prepayments and accrued income

950

6,220

25,512

24,166

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Bank loans and overdrafts

5,790

-

Corporation tax

3,429

1,911

Social security and other taxes

8

8

VAT

324

-

Other creditors

2,101

42

Accruals and deferred income

9,051

20,586

20,703

22,547

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.19

31.1.18

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 January 2019 and 31 January 2018:

31.1.19

31.1.18

£

£

Mr J Williams and Mrs J Williams

Balance outstanding at start of year

4,694

3,826

Amounts advanced

5,041

30,779

Amounts repaid

(5,711

)

(29,911

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,024

4,694