Project Planning Professionals Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05021644 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

FOR

PROJECT PLANNING PROFESSIONALS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J Williams

Mrs J Williams

SECRETARY:

Mrs J Williams

REGISTERED OFFICE:

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

REGISTERED NUMBER:

05021644 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

8,118

20,694

8,118

20,694

CURRENT ASSETS

Debtors

20,636

30,527

Cash at bank

2,940

653

23,576

31,180

CREDITORS

Amounts falling due within one year

4

20,774

27,674

NET CURRENT ASSETS

2,802

3,506

TOTAL ASSETS LESS CURRENT LIABILITIES

10,920

24,200

CREDITORS

Amounts falling due after more than one year

4

-

3,320

NET ASSETS

10,920

20,880

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

10,820

20,780

SHAREHOLDERS' FUNDS

10,920

20,880

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 and authorised for issue by the Board of Directors on 27 October 2015 and were signed on its behalf by:

Mr J Williams - 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 is recognised to the extent that the company has obtained the right to

consideration through the performance of its contractual obligations. Where the substance

is that the company's contractual obligations are performed over time, turnover is

recognised as contract activity progresses to reflect the company's partial performance of

its contractual obligations. The amount recognised represents the right to consideration

obligations. The amount recognised represents the right to consideration by reference to

the value of the work performed.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Equipment

-

33% on cost

Hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible

assets and depreciated over their useful lives. Obligations under such agreements are

included in 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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 January 2015

7,046

AMORTISATION

At 1 February 2014

and 31 January 2015

7,046

NET BOOK VALUE

At 31 January 2015

-

At 31 January 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

40,970

Additions

1,967

Disposals

(15,750

)

At 31 January 2015

27,187

DEPRECIATION

At 1 February 2014

20,276

Charge for year

6,943

Eliminated on disposal

(8,150

)

At 31 January 2015

19,069

NET BOOK VALUE

At 31 January 2015

8,118

At 31 January 2014

20,694

4.

CREDITORS

Creditors include an amount of £ 0 (31.1.14 - £ 6,185 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31 January 2015 and 31 January 2014:

31.1.15

31.1.14

£

£

Mr J Williams and Mrs J Williams

Balance outstanding at start of year

7,972

-

Amounts advanced

40,039

13,095

Amounts repaid

(32,845

)

(5,123

)

Balance outstanding at end of year

15,166

7,972