Project Construction Services Limited - Period Ending 2016-01-31

Registration number: 06805977

Project Construction Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

C V Ross & Co Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Project Construction Services Limited
(Registration number: 06805977)
Abbreviated Balance Sheet at 31 January 2016

		Note			2016 £			2015 £
Current assets
Debtors					62,542			1,102
Cash at bank and in hand					-			92,915
					62,542			94,017
Creditors: Amounts falling due within one year					(13,330)			(36,749)
Net assets					49,212			57,268
Capital and reserves
Called up share capital					3			3
Profit and loss account					49,209			57,265
Shareholders' funds					49,212			57,268

The notes on page 3 form an integral part of these financial statements.
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Project Construction Services Limited
(Registration number: 06805977)
Abbreviated Balance Sheet at 31 January 2016
......... continued

For the year ending 31 January 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 15 October 2016 and signed on its behalf by:

.........................................
Mr A R Milton
Director

The notes on page 3 form an integral part of these financial statements.
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Project Construction Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Project Building Contractors Limited (A company under the common control of Mr A and Mrs N Milton) An intercompany loan exists between the two companies on which interest is not being paid . At the balance sheet date the amount due from/(to) Project Building Contractors Limited was £2,000 (2015 - (£4,980)).

Timsbury Homes Limited (A company controlled by Messrs A & G Milton) An inter company loan account exists during the year on which interest is not paid . At the balance sheet date the amount due from Timsbury Homes Limited was £60,272 (2015 - £272).

Mr A & Mrs N Milton (Controlling directors) Rent of £260 (2015 - £260) was paid to the directors during the year . At the balance sheet date the amount due to Mr A & Mrs N Milton was £nil (2015 - £nil).

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