PDL Business Solutions Ltd
Registered number: 04885057
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23 31
Investments 4 100,500 100,500
100,523 100,531
Current assets
Debtors 5 30,860 34,595
Cash at bank and in hand 4,623 6,677
35,483 41,272
Creditors: amounts falling due within one year 6 (478) (7,283)
Net current assets 35,005 33,989
Total assets less current liabilities 135,528 134,520
Provisions for liabilities (4) (6)
Net assets 135,524 134,514
Capital and reserves
Called up share capital 2 2
Profit and loss account 135,522 134,512
Shareholder's funds 135,524 134,514
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P D Lawrence
Director
Approved by the board on 6 April 2024
PDL Business Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,662
At 31 March 2024 2,662
Depreciation
At 1 April 2023 2,631
Charge for the year 8
At 31 March 2024 2,639
Net book value
At 31 March 2024 23
At 31 March 2023 31
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 100,500
At 31 March 2024 100,500
5 Debtors 2024 2023
£ £
Trade debtors 860 4,595
Amounts owed by group undertakings and undertakings in which the company has a participating interest 30,000 30,000
30,860 34,595
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 391 7,115
Other creditors 87 168
478 7,283
7 Related party transactions 2024 2023
£ £
Knightsbridge Investment Company Ltd
Subsidiary
Amount due from the related party 30,000 30,000
8 Other information
PDL Business Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
40 Broyle Road
Chichester
West Sussex
PO19 6BA
PDL Business Solutions Ltd 04885057 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2022 Mr P D Lawrence No description of principal activity 04885057 2022-04-01 2023-03-31 04885057 core:WithinOneYear 2023-03-31 04885057 core:ShareCapital 2023-03-31 04885057 core:RetainedEarningsAccumulatedLosses 2023-03-31 04885057 2023-04-01 2024-03-31 04885057 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04885057 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04885057 bus:Director40 2023-04-01 2024-03-31 04885057 1 2023-04-01 2024-03-31 04885057 2 2023-04-01 2024-03-31 04885057 core:PlantMachinery 2023-04-01 2024-03-31 04885057 countries:England 2023-04-01 2024-03-31 04885057 bus:FRS102 2023-04-01 2024-03-31 04885057 bus:FullAccounts 2023-04-01 2024-03-31 04885057 2024-03-31 04885057 core:WithinOneYear 2024-03-31 04885057 core:ShareCapital 2024-03-31 04885057 core:RetainedEarningsAccumulatedLosses 2024-03-31 04885057 core:PlantMachinery 2024-03-31 04885057 2023-03-31 04885057 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure