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REGISTERED NUMBER: 07076851 (England and Wales)


























Financial Statements

for the Year Ended 30 November 2023

for

P.D.L ACCESS LTD

P.D.L ACCESS LTD (Registered number: 07076851)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


P.D.L ACCESS LTD (Registered number: 07076851)

Abridged Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 607,676 122,200

CURRENT ASSETS
Stocks 262,665 6,950
Debtors 525,144 2,397
Cash at bank and in hand 9,996 5
797,805 9,352
CREDITORS
Amounts falling due within one year 811,748 24,285
NET CURRENT LIABILITIES (13,943 ) (14,933 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,733

107,267

CREDITORS
Amounts falling due after more than one
year

(442,637

)

(104,893

)

PROVISIONS FOR LIABILITIES (28,190 ) -
NET ASSETS 122,906 2,374

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 122,806 2,274
SHAREHOLDERS' FUNDS 122,906 2,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

P.D.L ACCESS LTD (Registered number: 07076851)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 May 2024 and were signed on its behalf by:





M S Wightman - Director


P.D.L ACCESS LTD (Registered number: 07076851)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

P.D.L ACCESS LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07076851

Registered office: Forum House
Gorsey Lane
Widnes
Cheshire
WA8 ORH

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.

The company`s current liabilities exceed its current assets by £13,943 (2022 £14,933). In view of the known income stream for the forthcoming twelve months the Directors consider it appropriate to prepare these financial statements on the going concern basis.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - between 5 and 10 years

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 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.

P.D.L ACCESS LTD (Registered number: 07076851)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 44 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 181,639
Additions 520,588
At 30 November 2023 702,227
DEPRECIATION
At 1 December 2022 59,439
Charge for year 35,112
At 30 November 2023 94,551
NET BOOK VALUE
At 30 November 2023 607,676
At 30 November 2022 122,200

P.D.L ACCESS LTD (Registered number: 07076851)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals
£   
COST
At 1 December 2022 50,026
Additions 494,787
At 30 November 2023 544,813
DEPRECIATION
At 1 December 2022 7,514
Charge for year 27,241
At 30 November 2023 34,755
NET BOOK VALUE
At 30 November 2023 510,058
At 30 November 2022 42,512

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2023 2022 2023 2022
£    £    £    £   
Gross obligations repayable:
Within one year 188,809 - 14,808 22,211
Between one and five years 361,884 - - 14,808
550,693 - 14,808 37,019

Finance charges repayable:
Within one year 37,300 - 3,691 5,536
Between one and five years 30,629 - - 3,691
67,929 - 3,691 9,227

Net obligations repayable:
Within one year 151,509 - 11,117 16,675
Between one and five years 331,255 - - 11,117
482,764 - 11,117 27,792

P.D.L ACCESS LTD (Registered number: 07076851)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 9,211 -
Between one and five years 45,833 -
55,044 -

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
H P Contracts and other loans 730,435 27,792

The secured debts are secured over all of the fixed assets of the company, together with personal guarantee`s from the director`s over all of the above loans.