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REGISTERED NUMBER: 08481630 (England and Wales)


















PDS BULK LIQUIDS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






PDS BULK LIQUIDS LIMITED (REGISTERED NUMBER: 08481630)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PDS BULK LIQUIDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: G J Lewis





REGISTERED OFFICE: 19 Broadhaven
Cardiff
County of Cardiff
CF11 8DA





REGISTERED NUMBER: 08481630 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

PDS BULK LIQUIDS LIMITED (REGISTERED NUMBER: 08481630)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 39,900 45,600
Tangible assets 5 393,707 295,375
433,607 340,975

CURRENT ASSETS
Debtors 6 142,795 147,980
Cash at bank 502 5,798
143,297 153,778
CREDITORS
Amounts falling due within one year 7 (282,972 ) (283,082 )
NET CURRENT LIABILITIES (139,675 ) (129,304 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,932

211,671

CREDITORS
Amounts falling due after more than one
year

8

(201,522

)

(95,069

)

PROVISIONS FOR LIABILITIES (67,992 ) (69,553 )
NET ASSETS 24,418 47,049

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 24,417 47,048
SHAREHOLDERS' FUNDS 24,418 47,049

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PDS BULK LIQUIDS LIMITED (REGISTERED NUMBER: 08481630)

BALANCE SHEET - continued
31 AUGUST 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





G J Lewis - Director


PDS BULK LIQUIDS LIMITED (REGISTERED NUMBER: 08481630)

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


1. STATUTORY INFORMATION

Pds Bulk Liquids 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.

The company's functional presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover
Turnover represents amounts billed in respect of freight transport services undertaken during the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten 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.

Tankers - At varying rates on cost
Lorries - 12.5% on cost

Tangible fixed assets are stated at cost less accumulated depreciation.

Financial instruments
Basic financial instruments are recognised at amortised cost.

Taxation
Current tax represents the amount expected to be paid or received in respect of taxable profits for the year and is calculated 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.

PDS BULK LIQUIDS LIMITED (REGISTERED NUMBER: 08481630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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.

Employee benefits
When employees have rendered service to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 57,000
AMORTISATION
At 1 September 2022 11,400
Charge for year 5,700
At 31 August 2023 17,100
NET BOOK VALUE
At 31 August 2023 39,900
At 31 August 2022 45,600

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Tankers Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 168,166 800 338,920 407 508,293
Additions 94,435 - 78,000 - 172,435
Disposals - - (38,750 ) - (38,750 )
At 31 August 2023 262,601 800 378,170 407 641,978
DEPRECIATION
At 1 September 2022 130,399 640 81,834 45 212,918
Charge for year 6,522 80 44,164 136 50,902
Eliminated on disposal - - (15,549 ) - (15,549 )
At 31 August 2023 136,921 720 110,449 181 248,271
NET BOOK VALUE
At 31 August 2023 125,680 80 267,721 226 393,707
At 31 August 2022 37,767 160 257,086 362 295,375

PDS BULK LIQUIDS LIMITED (REGISTERED NUMBER: 08481630)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,135 133,658
Other debtors 770 -
Prepayments and accrued income 89,890 14,322
142,795 147,980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,851 30,891
Other loans - 6,000
Hire purchase contracts 58,472 34,106
Trade creditors 49,838 72,084
Corporation tax 18,272 16,345
Social security and other taxes 2,388 17,209
VAT 85,031 94,336
Other creditors 8,938 7,943
Directors' current accounts 22,469 1,471
Accruals and deferred income 3,404 2,697
Net wages 4,309 -
282,972 283,082

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 30,112 43,843
Hire purchase contracts 171,410 51,226
201,522 95,069

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 45,185 58,479
Hire purchase contracts 229,882 85,332
275,067 143,811

The company's bank loan is guaranteed by the director.

The hire purchase contracts are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

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