Project Design Innovation Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03654806 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017

FOR

PROJECT DESIGN INNOVATION LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T G Henson

C M Henson

SECRETARY:

C M Henson

REGISTERED OFFICE:

9 Stafford Street

Brewood

Stafford

Staffordshire

ST19 9DX

REGISTERED NUMBER:

03654806 (England and Wales)

ACCOUNTANTS:

Wright & Co Partnership Limited

Chartered Accountants

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

BANKERS:

Lloyds TSB plc

PO Box 46

The Bridge

Walsall

West Midlands

WS1 1LU

FIXED ASSETS

Tangible assets

4

7,303

7,671

CURRENT ASSETS

Debtors

61,044

76,506

Cash at bank

449,811

426,270

510,855

502,776

CREDITORS

Amounts falling due within one year

42,573

31,434

NET CURRENT ASSETS

468,282

471,342

TOTAL ASSETS LESS CURRENT LIABILITIES

475,585

479,013

PROVISIONS FOR LIABILITIES

1,445

1,445

NET ASSETS

474,140

477,568

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

474,100

477,528

SHAREHOLDERS' FUNDS

474,140

477,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 October 2017 and were signed on its behalf by:

T G Henson - Director

1.	STATUTORY INFORMATION

Project Design Innovation Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2016

32,419

Additions

916

At 31 January 2017

33,335

DEPRECIATION

At 1 February 2016

24,748

Charge for year

1,284

At 31 January 2017

26,032

NET BOOK VALUE

At 31 January 2017

7,303

At 31 January 2016

7,671

5.	ULTIMATE CONTROLLING PARTY

Mr T G Henson holds 75% of the issued share capital and is deemed the ultimate controlling party.

6.	FIRST YEAR ADOPTION

These are the company's first financial statements prepared in accordance with FRS 102, the Financial Reporting Standard

applicable to the UK and Republic of Ireland. Previously they were prepared in accordance with the previous UK GAAP.

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not

impacted on equity or profit and loss.