Project Design & Development Engineers L - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03899795 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2013

FOR

PROJECT DESIGN & DEVELOPMENT ENGINEERS

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K M Granatowicz

SECRETARY:

Mrs S M Hands

REGISTERED OFFICE:

32a East Street

St. Ives

Cambs

PE27 5PD

REGISTERED NUMBER:

03899795 (England and Wales)

ACCOUNTANTS:

Tacconi Green & Co

Accountants

32a East Street

St Ives

Cambs

PE27 5PD

FIXED ASSETS

Tangible assets

2

12,996

16,771

CURRENT ASSETS

Debtors

84,192

93,311

Cash at bank

19,950

89,311

104,142

182,622

CREDITORS

Amounts falling due within one year

75,202

148,945

NET CURRENT ASSETS

28,940

33,677

TOTAL ASSETS LESS CURRENT LIABILITIES

41,936

50,448

CREDITORS

Amounts falling due after more than one year

5,744

8,080

NET ASSETS

36,192

42,368

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

36,190

42,366

SHAREHOLDERS' FUNDS

36,192

42,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29th September 2014 and were signed by:

K M Granatowicz - 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.

The company has derived 78% of its turnover from supplying geographical markets outside the UK.

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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2013

and 31st December 2013

22,056

DEPRECIATION

At 1st January 2013

5,285

Charge for year

3,775

At 31st December 2013

9,060

NET BOOK VALUE

At 31st December 2013

12,996

At 31st December 2012

16,771

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

£1

2

2