Company registration number 06508820 (England and Wales)
PDM (NORTHWEST) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
Ridehalgh Limited
Chartered Accountants
Guardian House
42 Preston New Road
Blackburn
Lancashire
BB2 6AH
PDM (NORTHWEST) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PDM (NORTHWEST) LTD
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
459,555
459,555
Current assets
-
-
Creditors: amounts falling due within one year
(50,000)
(90,000)
Net current liabilities
(50,000)
(90,000)
Net assets
409,555
369,555
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
409,554
369,554
Total equity
409,555
369,555

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 30 July 2024
Mr P Duxbury
Director
Company registration number 06508820 (England and Wales)
PDM (NORTHWEST) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

PDM (Northwest) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Poplars, Preston New Road, Mellor Brook, Blackburn, BB2 7PU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 398 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are recognised at transaction price.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are recognised at transaction price.

PDM (NORTHWEST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
459,555
459,555
4
Related party transactions
Transactions with related parties

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
J. and W. Webster & Co Limited
50,000
90,000
2024-03-312023-04-01false30 July 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr P Duxburyfalsefalse065088202023-04-012024-03-31065088202024-03-31065088202023-03-3106508820core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3106508820core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3106508820core:ShareCapital2024-03-3106508820core:ShareCapital2023-03-3106508820core:RetainedEarningsAccumulatedLosses2024-03-3106508820core:RetainedEarningsAccumulatedLosses2023-03-3106508820bus:Director12023-04-012024-03-31065088202022-04-012023-03-3106508820bus:PrivateLimitedCompanyLtd2023-04-012024-03-3106508820bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106508820bus:FRS1022023-04-012024-03-3106508820bus:AuditExemptWithAccountantsReport2023-04-012024-03-3106508820bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP