Project Design & Development Engineers L - Abbreviated accounts 16.1

REGISTERED NUMBER: 03899795 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2015

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

2,807

10,498

CURRENT ASSETS

Debtors

81,195

138,929

Cash at bank

50,484

27,408

131,679

166,337

CREDITORS

Amounts falling due within one year

111,635

154,518

NET CURRENT ASSETS

20,044

11,819

TOTAL ASSETS LESS CURRENT LIABILITIES

22,851

22,317

CREDITORS

Amounts falling due after more than one year

-

3,408

NET ASSETS

22,851

18,909

CAPITAL AND RESERVES

Called up share capital

3

8

2

Profit and loss account

22,843

18,907

SHAREHOLDERS' FUNDS

22,851

18,909

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 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 26th September 2016 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 January 2015).

Turnover

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

The company has derived 87% 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 2015

22,523

Disposals

(14,406

)

At 31st December 2015

8,117

DEPRECIATION

At 1st January 2015

12,025

Charge for year

601

Eliminated on disposal

(7,316

)

At 31st December 2015

5,310

NET BOOK VALUE

At 31st December 2015

2,807

At 31st December 2014

10,498

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

8

Ordinary

£1

8

2

(2014 - 2 )

6 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.