Project Solutions Design & Build Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06274814 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Project Solutions Design & Build Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R E Talbot

A R Talbot

SECRETARY:

REGISTERED OFFICE:

30 Davenport Court

Doulton Close

Weymouth

Dorset

DT4 0GX

REGISTERED NUMBER:

06274814 (England and Wales)

ACCOUNTANTS:

A Hunter & Co Ltd

Chartered Certified Accountants

61 St Thomas Street

Weymouth

Dorset

DT4 8EQ

FIXED ASSETS

Tangible assets

2

406

500

CURRENT ASSETS

Stocks

-

16,667

Cash at bank

563

3,176

563

19,843

CREDITORS

Amounts falling due within one year

22,876

17,890

NET CURRENT (LIABILITIES)/ASSETS

(22,313

)

1,953

TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,907

)

2,453

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

(21,911

)

2,449

SHAREHOLDERS' FUNDS

(21,907

)

2,453

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 September 2016 and
were signed on its behalf by:

R E Talbot - 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable

overheads.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

1,719

DEPRECIATION

At 1 January 2015

1,219

Charge for year

94

At 31 December 2015

1,313

NET BOOK VALUE

At 31 December 2015

406

At 31 December 2014

500

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

4

Ordinary

1

4