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REGISTERED NUMBER: 10877715 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 July 2023

for

PDS ECO LIMITED

PDS ECO LIMITED (REGISTERED NUMBER: 10877715)






Contents of the Financial Statements
FOR THE YEAR ENDED 29 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PDS ECO LIMITED

Company Information
FOR THE YEAR ENDED 29 JULY 2023







Directors: Mr P Livesey
Mr S L Whitmore
Mr D L Whitmore





Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ





Registered number: 10877715 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

PDS ECO LIMITED (REGISTERED NUMBER: 10877715)

Balance Sheet
29 JULY 2023

29.7.23 29.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,377 283,971

CURRENT ASSETS
Stocks - 500,000
Debtors 5 340,120 315,739
Cash at bank 4,633 75,341
344,753 891,080
CREDITORS
Amounts falling due within one year 6 905,646 1,294,155
NET CURRENT LIABILITIES (560,893 ) (403,075 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(444,516

)

(119,104

)

CREDITORS
Amounts falling due after more than one
year

7

21,667

31,667
NET LIABILITIES (466,183 ) (150,771 )

CAPITAL AND RESERVES
Called up share capital 8 30 30
Retained earnings (466,213 ) (150,801 )
SHAREHOLDERS' FUNDS (466,183 ) (150,771 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 July 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.

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:





Mr D L Whitmore - Director


PDS ECO LIMITED (REGISTERED NUMBER: 10877715)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 JULY 2023

1. STATUTORY INFORMATION

Pds Eco 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.
Motor vehicles - Straight line over 5 years
Computer equipment - Straight line over 4 years

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.

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 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 3 (2022 - 3 ) .

PDS ECO LIMITED (REGISTERED NUMBER: 10877715)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 JULY 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 30 July 2022 338,256 3,380 341,636
Additions 8,683 1,395 10,078
Disposals (141,738 ) - (141,738 )
At 29 July 2023 205,201 4,775 209,976
DEPRECIATION
At 30 July 2022 56,914 751 57,665
Charge for year 40,751 937 41,688
Eliminated on disposal (5,754 ) - (5,754 )
At 29 July 2023 91,911 1,688 93,599
NET BOOK VALUE
At 29 July 2023 113,290 3,087 116,377
At 29 July 2022 281,342 2,629 283,971

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.7.23 29.7.22
£    £   
Trade debtors 23,277 -
Other debtors 316,843 315,739
340,120 315,739

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.7.23 29.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,320 68,652
Amounts owed to group undertakings 852,191 779,929
Taxation and social security - 36,639
Other creditors 37,135 398,935
905,646 1,294,155

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.7.23 29.7.22
£    £   
Bank loans 21,667 31,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.7.23 29.7.22
value: £    £   
30 Ordinary 1 30 30