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REGISTERED NUMBER: 03482600 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PURBECK SYSTEMS DESIGN LIMITED

PURBECK SYSTEMS DESIGN LIMITED (REGISTERED NUMBER: 03482600)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PURBECK SYSTEMS DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A C Wright
Ms L H Munns





SECRETARY: Ms L H Munns





REGISTERED OFFICE: 25 Durberville Drive,
Swanage,
Dorset,
BH19 1QN





REGISTERED NUMBER: 03482600 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

PURBECK SYSTEMS DESIGN LIMITED (REGISTERED NUMBER: 03482600)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,466 20,261
Tangible assets 5 24,547 30,191
42,013 50,452

CURRENT ASSETS
Stocks 60,930 45,515
Debtors 6 8,286 15,454
Cash at bank and in hand 14,340 13,448
83,556 74,417
CREDITORS
Amounts falling due within one year 7 49,438 46,725
NET CURRENT ASSETS 34,118 27,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,131

78,144

CREDITORS
Amounts falling due after more than one
year

8

(33,515

)

(40,868

)

PROVISIONS FOR LIABILITIES 10 (4,664 ) (4,968 )
NET ASSETS 37,952 32,308

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 37,852 32,208
SHAREHOLDERS' FUNDS 37,952 32,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

PURBECK SYSTEMS DESIGN LIMITED (REGISTERED NUMBER: 03482600)

BALANCE SHEET - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:




A C Wright - Director



Ms L H Munns - Director


PURBECK SYSTEMS DESIGN LIMITED (REGISTERED NUMBER: 03482600)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Purbeck Systems Design 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures, fittings & display equipment - 20% on reducing balance
Tools & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office and computer equipment - 25% on reducing balance

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

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.

PURBECK SYSTEMS DESIGN LIMITED (REGISTERED NUMBER: 03482600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 27,947
AMORTISATION
At 1 April 2022 7,686
Amortisation for year 2,795
At 31 March 2023 10,481
NET BOOK VALUE
At 31 March 2023 17,466
At 31 March 2022 20,261

PURBECK SYSTEMS DESIGN LIMITED (REGISTERED NUMBER: 03482600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Fixtures, Office
fittings and
& display Tools & Motor computer
equipment equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,369 4,862 28,592 6,079 40,902
Additions - - - 2,481 2,481
At 31 March 2023 1,369 4,862 28,592 8,560 43,383
DEPRECIATION
At 1 April 2022 521 2,857 2,383 4,950 10,711
Charge for year 170 501 6,552 902 8,125
At 31 March 2023 691 3,358 8,935 5,852 18,836
NET BOOK VALUE
At 31 March 2023 678 1,504 19,657 2,708 24,547
At 31 March 2022 848 2,005 26,209 1,129 30,191

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 28,592
DEPRECIATION
At 1 April 2022 2,383
Charge for year 6,552
At 31 March 2023 8,935
NET BOOK VALUE
At 31 March 2023 19,657
At 31 March 2022 26,209

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 65 2,356
Other debtors 8,221 13,098
8,286 15,454

PURBECK SYSTEMS DESIGN LIMITED (REGISTERED NUMBER: 03482600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,726 3,726
Hire purchase contracts 4,277 4,277
Taxation and social security 8,603 349
Other creditors 32,832 38,373
49,438 46,725

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,685 23,761
Hire purchase contracts 12,830 17,107
33,515 40,868

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,781 8,857

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 17,107 21,384

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,664 4,968

Deferred
tax
£   
Balance at 1 April 2022 4,968
Credit for the year (304 )
Balance at 31 March 2023 4,664

PURBECK SYSTEMS DESIGN LIMITED (REGISTERED NUMBER: 03482600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50
50 Ordinary A £1 50 50
100 100