Project Design Innovation Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03654806 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2015

FOR

PROJECT DESIGN INNOVATION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T G Henson

C M Henson

SECRETARY:

C M Henson

REGISTERED OFFICE:

9 Stafford Street

Brewood

Stafford

Staffordshire

ST19 9DX

REGISTERED NUMBER:

03654806 (England and Wales)

ACCOUNTANTS:

Wright & Co Partnership Limited

Chartered Accountants

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

BANKERS:

Lloyds TSB plc

PO Box 46

The Bridge

Walsall

West Midlands

WS1 1LU

FIXED ASSETS

Tangible assets

2

7,555

8,146

CURRENT ASSETS

Debtors

85,589

32,912

Cash at bank

367,322

362,317

452,911

395,229

CREDITORS

Amounts falling due within one year

36,060

35,575

NET CURRENT ASSETS

416,851

359,654

TOTAL ASSETS LESS CURRENT LIABILITIES

424,406

367,800

PROVISIONS FOR LIABILITIES

1,400

1,630

NET ASSETS

423,006

366,170

CAPITAL AND RESERVES

Called up share capital

3

40

40

Profit and loss account

422,966

366,130

SHAREHOLDERS' FUNDS

423,006

366,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 June 2015 and were signed on its behalf by:

T G Henson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

30,516

Additions

508

At 31 January 2015

31,024

DEPRECIATION

At 1 February 2014

22,370

Charge for year

1,099

At 31 January 2015

23,469

NET BOOK VALUE

At 31 January 2015

7,555

At 31 January 2014

8,146

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

40

Ordinary

£1

40

40

4.	ULTIMATE CONTROLLING PARTY

Mr T G Henson holds 75% of the issued share capital and is deemed the ultimate controlling party.