false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2017-12-01
Sage Accounts Production Advanced 2019 - FRS102_2014
30,351
30,351
8,694
5,453
851
6,304
2,390
3,241
xbrli:pure
xbrli:shares
iso4217:GBP
06436749
2017-12-01
2018-11-30
06436749
2018-11-30
06436749
2017-11-30
06436749
2016-12-01
2017-11-30
06436749
2017-11-30
06436749
core:NetGoodwill
2017-12-01
2018-11-30
06436749
bus:Director1
2017-12-01
2018-11-30
06436749
core:NetGoodwill
2018-11-30
06436749
core:PlantMachinery
2017-11-30
06436749
core:PlantMachinery
2018-11-30
06436749
core:WithinOneYear
2018-11-30
06436749
core:WithinOneYear
2017-11-30
06436749
core:AfterOneYear
2018-11-30
06436749
core:AfterOneYear
2017-11-30
06436749
core:ShareCapital
2018-11-30
06436749
core:ShareCapital
2017-11-30
06436749
core:RetainedEarningsAccumulatedLosses
2018-11-30
06436749
core:RetainedEarningsAccumulatedLosses
2017-11-30
06436749
core:PlantMachinery
2017-12-01
2018-11-30
06436749
core:PlantMachinery
2017-11-30
06436749
bus:Director1
2017-11-30
06436749
bus:Director1
2018-11-30
06436749
bus:Director1
2016-11-30
06436749
bus:Director1
2017-11-30
06436749
bus:Director1
2016-12-01
2017-11-30
06436749
bus:SmallEntities
2017-12-01
2018-11-30
06436749
bus:AuditExempt-NoAccountantsReport
2017-12-01
2018-11-30
06436749
bus:FullAccounts
2017-12-01
2018-11-30
06436749
bus:SmallCompaniesRegimeForAccounts
2017-12-01
2018-11-30
06436749
bus:PrivateLimitedCompanyLtd
2017-12-01
2018-11-30
COMPANY REGISTRATION NUMBER:
06436749
Project Design & Management (UK) Limited
|
|
Filleted Unaudited Financial Statements
|
|
Project Design & Management (UK) Limited
|
|
Statement of Financial Position
|
|
30 November 2018
Fixed assets
Tangible assets
|
6
|
2,390
|
3,241
|
|
|
|
|
Current assets
Stocks and work in progress
|
44,457
|
88,914
|
Debtors
|
7
|
36,529
|
31,319
|
Cash at bank and in hand
|
45,557
|
86,949
|
|
---------
|
---------
|
|
126,543
|
207,182
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
48,231
|
64,929
|
|
---------
|
---------
|
Net current assets
|
78,312
|
142,253
|
|
--------
|
---------
|
Total assets less current liabilities
|
80,702
|
145,494
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
9
|
29,321
|
37,649
|
|
|
|
|
Provisions
|
616
|
616
|
|
--------
|
---------
|
Net assets
|
50,765
|
107,229
|
|
--------
|
---------
|
|
|
|
Capital and reserves
Called up share capital
|
2
|
2
|
Profit and loss account
|
50,763
|
107,227
|
|
--------
|
---------
|
Shareholders funds
|
50,765
|
107,229
|
|
--------
|
---------
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Project Design & Management (UK) Limited
|
|
Statement of Financial Position (continued)
|
|
30 November 2018
These financial statements were approved by the
board of directors
and authorised for issue on
27 September 2019
, and are signed on behalf of the board by:
Company registration number:
06436749
Project Design & Management (UK) Limited
|
|
Notes to the Financial Statements
|
|
Year ended 30 November 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Court Mews, London Road, Charlton Kings, Cheltenham, GL52 6HS.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The company's turnover represents the value, excluding Value Added Tax, of construction goods and services supplied to customers during the year. When the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract as at the period end. Where the outcome of construction contracts cannot be reliably estimated, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and equipment
|
-
|
33% per annum of reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stock and work in progress
Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock and work in progress to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2017:
4
).
5.
Intangible assets
|
Goodwill
|
|
£
|
Cost
|
|
At 1 December 2017 and 30 November 2018
|
30,351
|
|
--------
|
Amortisation
|
|
At 1 December 2017 and 30 November 2018
|
30,351
|
|
--------
|
Carrying amount
|
|
At 30 November 2018
|
–
|
|
--------
|
At 30 November 2017
|
–
|
|
--------
|
|
|
Goodwill arose on the purchase of an unincorporated business on 30 November 2007 and is being amortised over ten years. In the opinion of the director, this represents a prudent estimate of the period over which the company will derive economic benefit from the acquisition of the business.
6.
Tangible assets
|
Plant and equipment
|
|
£
|
Cost
|
|
At 1 December 2017 and 30 November 2018
|
8,694
|
|
-------
|
Depreciation
|
|
At 1 December 2017
|
5,453
|
Charge for the year
|
851
|
|
-------
|
At 30 November 2018
|
6,304
|
|
-------
|
Carrying amount
|
|
At 30 November 2018
|
2,390
|
|
-------
|
At 30 November 2017
|
3,241
|
|
-------
|
|
|
7.
Debtors
|
2018
|
2017
|
|
£
|
£
|
Trade debtors
|
–
|
149
|
Other debtors
|
36,529
|
31,170
|
|
--------
|
--------
|
|
36,529
|
31,319
|
|
--------
|
--------
|
|
|
|
8.
Creditors:
amounts falling due within one year
|
2018
|
2017
|
|
£
|
£
|
Trade creditors
|
27,433
|
15,683
|
Social security and other taxes
|
21
|
22,632
|
Other creditors
|
20,777
|
26,614
|
|
--------
|
--------
|
|
48,231
|
64,929
|
|
--------
|
--------
|
|
|
|
Other creditors includes a liability of £11,927 (2017 - £11,927) secured by a personal guarantee given by the director.
9.
Creditors:
amounts falling due after more than one year
|
2018
|
2017
|
|
£
|
£
|
Other creditors
|
29,321
|
37,649
|
|
--------
|
--------
|
|
|
|
Other creditors includes a liability of £29,321 (2017 - £37,649) secured by a personal guarantee given by the director.
10.
Financial commitments
The company had total commitments relating to operating leases at the reporting date of £1,773 (2016 - £25,065).
11.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
|
2018
|
|
|
Balance brought forward
|
Advances/ (credits) to the director
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
£
|
|
A Noori
|
(
544)
|
42,217
|
(
33,873)
|
7,800
|
|
|
----
|
--------
|
--------
|
-------
|
|
|
|
|
|
|
|
2017
|
|
|
Balance brought forward
|
Advances/ (credits) to the director
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
£
|
|
A Noori
|
(
607)
|
55,564
|
(
55,501)
|
(
544)
|
|
|
----
|
--------
|
--------
|
----
|
|
|
|
|
|
|
During the year the company entered into the following guarantees on behalf of its directors:
|
Maximum liability
|
Amounts paid/(liability incurred)
|
|
2018
|
2017
|
2018
|
2017
|
|
£
|
£
|
£
|
£
|
A Noori
|
(
7,800)
|
–
|
–
|
–
|
|
-------
|
----
|
----
|
----
|
|
|
|
|
|
12.
Related party transactions
At the reporting date the company was owed £7800.22 (2017 - £544 owed to Director) by the Director on his loan account with the company. No interest has been charged by the Director on this loan.