Silverfin false false 31/07/2023 01/08/2022 31/07/2023 P D Dance 03/09/2003 S Dance 08/10/2012 08 December 2023 The principal activity of the Company during the financial year was the provision of building services. 04886774 2023-07-31 04886774 bus:Director1 2023-07-31 04886774 bus:Director2 2023-07-31 04886774 2022-07-31 04886774 core:CurrentFinancialInstruments 2023-07-31 04886774 core:CurrentFinancialInstruments 2022-07-31 04886774 core:Non-currentFinancialInstruments 2023-07-31 04886774 core:Non-currentFinancialInstruments 2022-07-31 04886774 core:ShareCapital 2023-07-31 04886774 core:ShareCapital 2022-07-31 04886774 core:RetainedEarningsAccumulatedLosses 2023-07-31 04886774 core:RetainedEarningsAccumulatedLosses 2022-07-31 04886774 core:LandBuildings 2022-07-31 04886774 core:PlantMachinery 2022-07-31 04886774 core:Vehicles 2022-07-31 04886774 core:FurnitureFittings 2022-07-31 04886774 core:OfficeEquipment 2022-07-31 04886774 core:LandBuildings 2023-07-31 04886774 core:PlantMachinery 2023-07-31 04886774 core:Vehicles 2023-07-31 04886774 core:FurnitureFittings 2023-07-31 04886774 core:OfficeEquipment 2023-07-31 04886774 core:CurrentFinancialInstruments core:Secured 2023-07-31 04886774 2022-08-01 2023-07-31 04886774 bus:FilletedAccounts 2022-08-01 2023-07-31 04886774 bus:SmallEntities 2022-08-01 2023-07-31 04886774 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 04886774 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04886774 bus:Director1 2022-08-01 2023-07-31 04886774 bus:Director2 2022-08-01 2023-07-31 04886774 core:PlantMachinery 2022-08-01 2023-07-31 04886774 core:Vehicles 2022-08-01 2023-07-31 04886774 core:FurnitureFittings 2022-08-01 2023-07-31 04886774 core:OfficeEquipment 2022-08-01 2023-07-31 04886774 2021-08-01 2022-07-31 04886774 core:LandBuildings 2022-08-01 2023-07-31 04886774 1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Company No: 04886774 (England and Wales)

PD & CL BUILDING SERVICES LTD

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

PD & CL BUILDING SERVICES LTD

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

PD & CL BUILDING SERVICES LTD

BALANCE SHEET

As at 31 July 2023
PD & CL BUILDING SERVICES LTD

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 412,117 255,760
412,117 255,760
Current assets
Stocks 4 671,055 20,000
Debtors 5 1,496,838 1,681,838
Cash at bank and in hand 569,342 582,497
2,737,235 2,284,335
Creditors: amounts falling due within one year 6 ( 1,411,303) ( 1,077,926)
Net current assets 1,325,932 1,206,409
Total assets less current liabilities 1,738,049 1,462,169
Creditors: amounts falling due after more than one year 7 ( 176,918) ( 59,854)
Net assets 1,561,131 1,402,315
Capital and reserves
Called-up share capital 2,000 2,000
Profit and loss account 1,559,131 1,400,315
Total shareholder's funds 1,561,131 1,402,315

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of PD & CL Building Services Ltd (registered number: 04886774) were approved and authorised for issue by the Director on 08 December 2023. They were signed on its behalf by:

P D Dance
Director
S Dance
Director
PD & CL BUILDING SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
PD & CL BUILDING SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

PD & CL Building Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 3 10 Beaufighter Road, Weston-Super-Mare, BS24 8EE, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 20 24

3. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 August 2022 108,758 22,669 387,724 0 50,401 569,552
Additions 0 385 200,288 9,474 4,118 214,265
At 31 July 2023 108,758 23,054 588,012 9,474 54,519 783,817
Accumulated depreciation
At 01 August 2022 0 9,133 273,521 0 31,138 313,792
Charge for the financial year 0 3,456 49,117 0 5,335 57,908
At 31 July 2023 0 12,589 322,638 0 36,473 371,700
Net book value
At 31 July 2023 108,758 10,465 265,374 9,474 18,046 412,117
At 31 July 2022 108,758 13,536 114,203 0 19,263 255,760

4. Stocks

2023 2022
£ £
Stocks 671,055 20,000

5. Debtors

2023 2022
£ £
Trade debtors 678,537 617,250
Amounts owed by Group undertakings 748,027 999,787
Other debtors 70,274 64,801
1,496,838 1,681,838

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 10,000 10,000
Trade creditors 778,824 402,800
Taxation and social security 100,405 293,888
Obligations under finance leases and hire purchase contracts (secured) 47,362 25,679
Other creditors 474,712 345,559
1,411,303 1,077,926

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 18,334 28,334
Obligations under finance leases and hire purchase contracts (secured) 158,584 31,520
176,918 59,854

8. Related party transactions

Transactions with the entity's directors

The shareholders loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

As at 1 August 2022, the balance owed to D Dance was £64,442. During the year, £94,453 was advanced, and £36,800 was repaid by the shareholder. At 31 July 2023, the balance owed to the shareholder was £6,789.

As at 1 August 2022, the balance owed to M Dance was £64,442. During the year, £94,402 was advanced, and £36,800 was repaid by the shareholder. At 31 July 2023, the balance owed to the shareholder was £6,840.

Other related party transactions

PD & CL Estates Limited is a company under common control and ownership. At the year end the company was owed £747,027 (2022 - £998,787) from PD & CL Estates Limited.

PD & CL Holdings Limited is the parent of the company. At the year end the company was owed £1,000 (2022 - £1,000) from PD & CL Holdings Limited.

9. Ultimate controlling party

The company's immediate parent is PD & CL Holdings Ltd, incorporated in England & Wales.