| PROFESSIONAL CONSTRUCTION DESIGN SERVICES LTD |
| Registered number: |
04679749 |
| Balance Sheet |
| as at 31 March 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
|
|
|
|
£ |
|
|
£ |
| FIXED ASSETS |
| Intangible assets |
3 |
|
|
6,000 |
|
|
7,000 |
| Tangible assets |
4 |
|
|
12,594 |
|
|
12,237 |
|
|
|
|
18,594 |
|
|
19,237 |
| CURRENT ASSETS |
| Debtors |
5 |
|
157,783 |
|
|
192,383 |
| Cash at bank and in hand |
|
|
105,348 |
|
|
31,966 |
|
|
|
263,131 |
|
|
224,349 |
| CREDITORS: amounts falling due within one year |
6 |
|
(114,772) |
|
|
(96,665) |
|
| NET CURRENT ASSETS |
|
|
|
148,359 |
|
|
127,684 |
|
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
166,953 |
|
|
146,921 |
|
| CREDITORS: amounts falling due after more than one year |
7 |
|
|
(2,026) |
|
|
(2,718) |
|
| Provisions for liabilities |
|
|
|
(1,473) |
|
|
(1,126) |
|
| NET ASSETS |
|
|
|
£ 163,454 |
|
|
£ 143,077 |
|
|
|
|
|
|
|
|
| CAPITAL AND RESERVES |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
163,354 |
|
|
142,977 |
|
| SHAREHOLDERS' FUNDS |
|
|
|
£ 163,454 |
|
|
£ 143,077 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account is not delivered to Companies House. |
|
|
| Mr J P Murphy |
| Director |
| Approved by the board on 28 December 2017 |
|
| PROFESSIONAL CONSTRUCTION DESIGN SERVICES LTD |
| Notes to the Accounts |
| for the year ended 31 March 2017 |
|
| 1 |
ACCOUNTING POLICIES |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover from the sale of any goods is recognised when goods are delivered and legal title has passed. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures and fittings |
|
|
20% p.a. on a reducing balance basis |
|
Owned equipment |
20% p.a. on a reducing balance basis |
|
Leased equipment |
Over the lease term |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferrred taxation is calculated on a non-discounted basis at the tax rates which are expected to apply in the period when the timing difference are expected to reverse. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are charged to the profit and loss account in the period in which they are paid. |
|
| PROFESSIONAL CONSTRUCTION DESIGN SERVICES LTD |
| Notes to the Accounts |
| for the year ended 31 March 2017 |
|
| 5 |
DEBTORS |
2017 |
|
2016 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Trade debtors |
100,590 |
|
160,278 |
|
Loans to directors |
|
|
|
|
8,640 |
|
- |
|
Other debtors |
48,553 |
|
32,105 |
|
|
|
|
|
|
£ 157,783 |
|
£ 192,383 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
£ 1,908 |
|
£ 1,908 |
|
|
|
|
|
|
|
|
|
|
| 6 |
CREDITORS: amounts falling due within one year |
2017 |
|
2016 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Obligations under finance lease and hire purchase contracts |
692 |
|
1,014 |
|
Trade creditors |
24,551 |
|
950 |
|
Corporation tax |
45,936 |
|
43,311 |
|
Other taxes and social security costs |
40,071 |
|
45,481 |
|
Directors' loans |
- |
|
9 |
|
Other creditors |
3,522 |
|
5,900 |
|
|
|
|
|
|
£ 114,772 |
|
£ 96,665 |
|
|
|
|
|
|
|
|
|
|
| 7 |
CREDITORS: amounts falling due after one year |
2017 |
|
2016 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Obligations under finance lease and hire purchase contracts |
2,026 |
|
2,718 |
|
|
|
|
|
|
|
|
|
|
| 8 |
OTHER FINANCIAL COMMITMENTS |
2017 |
|
2016 |
|
|
|
|
|
|
£ |
|
£ |
|
Total future minimum payments under non-cancellable operating leases |
|
£ 58,792 |
|
£ 72,568 |
|
|
|
|
|
|
|
|
|
|
| 9 |
LOANS TO DIRECTORS |
|
Description and conditions |
B/fwd |
|
Paid |
|
Repaid |
|
C/fwd |
|
|
£ |
|
£ |
|
£ |
|
£ |
|
Mr J P Murphy |
|
Temporary interest free loan |
- |
|
4,284 |
|
- |
|
4,284 |
|
|
Mr K Renaud |
|
Temporary interest free loan |
- |
|
4,356 |
|
- |
|
4,356 |
|
|
|
£ - |
|
£ 8,640 |
|
£ - |
|
£ 8,640 |
|
| PROFESSIONAL CONSTRUCTION DESIGN SERVICES LTD |
| Notes to the Accounts |
| for the year ended 31 March 2017 |
|
| 10 |
CONTROLLING PARTY |
|
|
At the date of approval of these financial statements Mr J P Murphy controls the company by virtue of his holding 60% of the issued share capital. |
|
|
| 11 |
OTHER INFORMATION |
|
|
Professional Construction Design Services Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 2, The Mead Business Centre |
|
176-178 Berkhampstead Road |
|
Chesham |
|
Bucks |
|
HP5 3EE |
|
|
The accounts are for the individual company and are presented in Sterling which is the functional currency of the company. |
