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REGISTERED NUMBER: 07303124 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

PRODUCT DEVELOPMENT CORPORATION UK
LIMITED

PRODUCT DEVELOPMENT CORPORATION UK
LIMITED (REGISTERED NUMBER: 07303124)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRODUCT DEVELOPMENT CORPORATION UK
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: P Mawson





REGISTERED OFFICE: 375 Eaton Road
West Derby
Liverpool
Merseyside
L12 2AH





REGISTERED NUMBER: 07303124 (England and Wales)





ACCOUNTANTS: John Kerr - Chartered Accountants
375 Eaton Road
West Derby
Liverpool
Merseyside
L12 2AH

PRODUCT DEVELOPMENT CORPORATION UK
LIMITED (REGISTERED NUMBER: 07303124)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 152 303
Investments 5 200 200
352 503

CURRENT ASSETS
Debtors 6 500,396 2,227,518
Cash at bank 125,945 386,595
626,341 2,614,113
CREDITORS
Amounts falling due within one year 7 626,591 150,046
NET CURRENT (LIABILITIES)/ASSETS (250 ) 2,464,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

102

2,464,570

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2 2,464,470
102 2,464,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 7 September 2023 and were signed by:





P Mawson - Director


PRODUCT DEVELOPMENT CORPORATION UK
LIMITED (REGISTERED NUMBER: 07303124)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Product Development Corporation UK 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.

Preparation of consolidated financial statements
The financial statements contain information about Product Development Corporation UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
The company operates defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

PRODUCT DEVELOPMENT CORPORATION UK
LIMITED (REGISTERED NUMBER: 07303124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


3. EMPLOYEES

The average number of employees during the year was 1 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2022
and 30 April 2023 28,127
DEPRECIATION
At 1 May 2022 27,824
Charge for year 151
At 30 April 2023 27,975
NET BOOK VALUE
At 30 April 2023 152
At 30 April 2022 303

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 200
NET BOOK VALUE
At 30 April 2023 200
At 30 April 2022 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors - 30,949
Amounts owed by group undertakings 498,976 2,192,039
Other debtors 1,420 4,530
500,396 2,227,518

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 2,296 105,954
Amounts owed to group undertakings 615,769 -
Taxation and social security 1,501 36,081
Other creditors 7,025 8,011
626,591 150,046

PRODUCT DEVELOPMENT CORPORATION UK
LIMITED (REGISTERED NUMBER: 07303124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


8. PARENT UNDERTAKING

Door to Door Holdings Limited, whose registered office address is 375 Eaton Road, West Derby, Liverpool L12 2AH, is the parent undertaking.