Project Design & Development Engineers Limited
Project Design & Development Engineers Limited
Registered number: 03899795
Unaudited ABRIDGED Financial Statements
For The Year Ended
31 December 2021
Tacconi Green & Co
32a East Street
St. Ives
PE27 5PD
Project Design & Development Engineers Limited
Unaudited Financial Statements
For The Year Ended
31 December 2021
Unaudited Financial Statements
Contents | |
Page | |
---|---|
Abridged Balance Sheet | 1—2 |
Notes to the Abridged Financial Statements | 3—4 |
Project Design & Development Engineers Limited
Abridged Balance Sheet
As at
31 December 2021
Abridged Balance Sheet
Registered number:
03899795
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2021 in accordance with section 444(2A) of the Companies Act 2006.
2021 | 2020 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Debtors |
|
|
|||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year |
( |
( |
|||
NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
|
|||
NET (LIABILITIES)/ASSETS |
( |
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 4 |
|
|
||
Profit and Loss Account |
( |
|
|||
SHAREHOLDERS' FUNDS | (5,351) | 2,191 | |||
Project Design & Development Engineers Limited
Abridged Balance Sheet (continued)
As at
31 December 2021
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
|
|
The notes on pages 3 to 4 form part of these financial statements.
Project Design & Development Engineers Limited
Notes to the Abridged Financial Statements
For The Year Ended
31 December 2021
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover 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.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
1.4.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2020: 2)
Project Design & Development Engineers Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended
31 December 2021
3.
Tangible Assets
Total | |
---|---|
£ | |
Cost | |
As at
|
|
As at
|
|
Depreciation | |
As at
|
|
Provided during the period |
|
As at
|
|
Net Book Value | |
As at
|
|
As at
|
|
5.
General Information
Project Design & Development Engineers Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
03899795
. The registered office is 32a East Street, St. Ives, Cambridgeshire, PE27 5PD.