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REGISTERED NUMBER: 06296403 (England and Wales)















PULSE DEVELOPMENT (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






PULSE DEVELOPMENT (UK) LIMITED (REGISTERED NUMBER: 06296403)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


PULSE DEVELOPMENT (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mrs S M Tempest
J Osborne





REGISTERED OFFICE: 14 London Road
Newark
Nottinghamshire
NG24 1TW





REGISTERED NUMBER: 06296403 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

PULSE DEVELOPMENT (UK) LIMITED (REGISTERED NUMBER: 06296403)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,626,090 1,638,178

CURRENT ASSETS
Inventories 44,750 44,300
Debtors 5 89,020 91,786
Cash at bank and in hand 25,999 2,217
159,769 138,303
CREDITORS
Amounts falling due within one year 6 327,344 425,076
NET CURRENT LIABILITIES (167,575 ) (286,773 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,458,515 1,351,405

CREDITORS
Amounts falling due after more than one year 7 277,139 315,758
NET ASSETS 1,181,376 1,035,647

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 10 1,027,343 1,027,343
Retained earnings 153,033 7,304
SHAREHOLDERS' FUNDS 1,181,376 1,035,647

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 29 July 2024 and were signed on its behalf by:





Mrs S M Tempest - Director


PULSE DEVELOPMENT (UK) LIMITED (REGISTERED NUMBER: 06296403)

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

1. STATUTORY INFORMATION

Pulse Development (UK) 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 42 (2022 - 48 ) .

PULSE DEVELOPMENT (UK) LIMITED (REGISTERED NUMBER: 06296403)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 1,527,450 259,157 1,786,607
Additions - 13,132 13,132
Disposals - (449 ) (449 )
At 31 October 2023 1,527,450 271,840 1,799,290
DEPRECIATION
At 1 November 2022 - 148,429 148,429
Charge for year - 24,771 24,771
At 31 October 2023 - 173,200 173,200
NET BOOK VALUE
At 31 October 2023 1,527,450 98,640 1,626,090
At 31 October 2022 1,527,450 110,728 1,638,178

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 89,020 91,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 67,639 64,152
Hire purchase contracts (see note 8) 5,056 8,349
Trade creditors 108,248 157,193
Taxation and social security 116,749 149,521
Other creditors 29,652 45,861
327,344 425,076

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 276,702 315,758
Hire purchase contracts (see note 8) 437 -
277,139 315,758

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,382 59,438

PULSE DEVELOPMENT (UK) LIMITED (REGISTERED NUMBER: 06296403)

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

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 5,056 8,349
Between one and five years 437 -
5,493 8,349

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 1,027,343