PDS (Derbyshire) Limited - Accounts to registrar (filleted) - small 22.3

PDS (Derbyshire) Limited - Accounts to registrar (filleted) - small 22.3

PDS (DERBYSHIRE) LIMITED - Company Information

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REGISTERED NUMBER: 07998110 (England and Wales)










Financial Statements for the Year Ended 31 March 2022

for

PDS (Derbyshire) Limited
PDS (Derbyshire) Limited (Registered number: 07998110)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PDS (Derbyshire) Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: P Roobottom
Mrs C R Roobottom





REGISTERED OFFICE: 40 Market Place
Belper
Derbyshire
DE56 1FZ





REGISTERED NUMBER: 07998110 (England and Wales)





ACCOUNTANTS: NRB Accountancy Limited
40 Market Place
Belper
Derbyshire
DE56 1FZ
Page 1
PDS (Derbyshire) Limited (Registered number: 07998110)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 132,881 101,189

CURRENT ASSETS
Stocks 94,812 2,750
Debtors 5 335,909 341,584
Cash at bank 296,061 277,910
726,782 622,244
CREDITORS
Amounts falling due within one year 6 300,581 260,915
NET CURRENT ASSETS 426,201 361,329
TOTAL ASSETS LESS CURRENT
LIABILITIES
559,082
462,518

CREDITORS
Amounts falling due after more than one year 7 (76,903 ) (72,457 )

PROVISIONS FOR LIABILITIES (25,247 ) (19,226 )
NET ASSETS 456,932 370,835

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 456,930 370,833
SHAREHOLDERS' FUNDS 456,932 370,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 notes form part of these financial statements

Page 2 continued...
PDS (Derbyshire) Limited (Registered number: 07998110)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 5 December 2022 and were signed on its behalf by:





P Roobottom - Director


The notes form part of these financial statements

Page 3
PDS (Derbyshire) Limited (Registered number: 07998110)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

PDS (Derbyshire) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

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.

Page 4 continued...
PDS (Derbyshire) Limited (Registered number: 07998110)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 175,135
Additions 80,481
Disposals (5,995 )
At 31 March 2022 249,621
DEPRECIATION
At 1 April 2021 73,946
Charge for year 44,293
Eliminated on disposal (1,499 )
At 31 March 2022 116,740
NET BOOK VALUE
At 31 March 2022 132,881
At 31 March 2021 101,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 335,527 341,584
Other debtors 382 -
335,909 341,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 8,333 8,333
Hire purchase contracts 12,972 13,264
Trade creditors 173,055 111,878
Taxation and social security 65,479 83,629
Other creditors 40,742 43,811
300,581 260,915

Page 5 continued...
PDS (Derbyshire) Limited (Registered number: 07998110)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans 35,839 41,666
Hire purchase contracts 41,064 30,791
76,903 72,457

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,506 8,333

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors, Mr & Mrs P Roobottom, introduced funds to and withdrew funds from the business by way of a director's loan account. This loan is interest free and repayable upon demand. At the year end the company owed the directors £39,439 (2021: £42,186) and this amount is included in creditors.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Roobottom.

Page 6