Project Solutions Design & Build Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06274814 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 December 2017

for

Project Solutions Design & Build Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

4

4,585

827

CURRENT ASSETS

Stocks

9,362

13,375

Debtors

5

51,293

-

Cash at bank

11,859

12,050

72,514

25,425

CREDITORS

Amounts falling due within one year

6

82,404

38,336

NET CURRENT LIABILITIES

(9,890

)

(12,911

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,305

)

(12,084

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(5,309

)

(12,088

)

SHAREHOLDERS' FUNDS

(5,305

)

(12,084

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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.

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 28 September 2018 and were signed on its behalf by:

R E Talbot - Director

1.	STATUTORY INFORMATION

Project Solutions Design & Build Ltd 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.

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 is calculated using the first-in, first-out method and includes all purchase, transport,

and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis

over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 December 2016

2,302

Additions

5,080

At 30 December 2017

7,382

DEPRECIATION

At 31 December 2016

1,475

Charge for year

1,322

At 30 December 2017

2,797

NET BOOK VALUE

At 30 December 2017

4,585

At 30 December 2016

827

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.17

30.12.16

£

£

Trade debtors

51,293

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.17

30.12.16

£

£

Taxation and social security

17,726

4,163

Other creditors

64,678

34,173

82,404

38,336