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REGISTERED NUMBER: 07715842 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

P D Accountancy Services ltd

P D Accountancy Services ltd (Registered number: 07715842)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P D Accountancy Services ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: P Dyke
R Dyke





REGISTERED OFFICE: 1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED





REGISTERED NUMBER: 07715842 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

P D Accountancy Services ltd (Registered number: 07715842)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 350
Tangible assets 5 197,322 194,928
197,322 195,278

CURRENT ASSETS
Debtors 6 84,114 78,400
Cash at bank 173,350 124,211
257,464 202,611
CREDITORS
Amounts falling due within one year 7 181,243 168,719
NET CURRENT ASSETS 76,221 33,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,543

229,170

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 273,443 229,070
SHAREHOLDERS' FUNDS 273,543 229,170

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by:




P Dyke - Director


P D Accountancy Services ltd (Registered number: 07715842)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

P D Accountancy Services ltd 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.

The turnover in the profit and loss account represents amounts invoiced during the period with an adjustment made to reflect work in progress as at the balance sheet date.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 25% on reducing balance

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.

P D Accountancy Services ltd (Registered number: 07715842)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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.

Work in progress
Work in progress is valued on the basis of time spent that is reasonably expected to be invoiced and recovered.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 86,242
AMORTISATION
At 1 August 2022 85,892
Charge for year 350
At 31 July 2023 86,242
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 350

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 190,817 8,168 198,985
Additions - 4,266 4,266
At 31 July 2023 190,817 12,434 203,251
DEPRECIATION
At 1 August 2022 - 4,057 4,057
Charge for year - 1,872 1,872
At 31 July 2023 - 5,929 5,929
NET BOOK VALUE
At 31 July 2023 190,817 6,505 197,322
At 31 July 2022 190,817 4,111 194,928

P D Accountancy Services ltd (Registered number: 07715842)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 62,162 51,167
Amounts recoverable on contract 19,437 22,678
Other debtors 2,515 3,500
Prepayments - 1,055
84,114 78,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 682 -
Tax 13,762 1,537
Social security and other taxes 383 -
VAT 8,774 6,188
Other creditors 73,208 54,729
Directors' current accounts 83,265 106,265
Accrued expenses 1,169 -
181,243 168,719

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Dyke, the sole director, by virtue of his 55% interest in the shareholding of the company.