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REGISTERED NUMBER: 03934097 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

PDA Search & Selection Limited

PDA Search & Selection Limited (Registered number: 03934097)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PDA Search & Selection Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N P Davidson
C D Davidson
R B Davidson
N A Whitehead
R S Glanville





SECRETARY: C D Davidson





REGISTERED OFFICE: Kepier House
Belmont Business Park
Co Durham
DH1 1TW





REGISTERED NUMBER: 03934097 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

PDA Search & Selection Limited (Registered number: 03934097)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 957 1,217
Investments 5 100 100
1,057 1,317

CURRENT ASSETS
Debtors 6 41,304 25,798
Cash at bank 73,227 84,674
114,531 110,472
CREDITORS
Amounts falling due within one year 7 55,247 38,241
NET CURRENT ASSETS 59,284 72,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,341

73,548

CAPITAL AND RESERVES
Called up share capital 8 100 100
Capital redemption reserve 100 100
Retained earnings 60,141 73,348
SHAREHOLDERS' FUNDS 60,341 73,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2024 and were signed on its behalf by:



N P Davidson - Director


PDA Search & Selection Limited (Registered number: 03934097)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

PDA Search & Selection 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those concluded at market rate.

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

Income recognition
Income is recognised when the conditions contained within a contract for services have been met.

Government grants
Capital based grants are credited to the profit and loss account in equal instalments, over the estimated useful life of the related asset.

Revenue based grants have been credited to the profit and loss account in the period to which they relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less accumulated depreciation and impairments.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

PDA Search & Selection Limited (Registered number: 03934097)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 1,277 2,815 4,092
Additions - 433 433
Disposals - (1,334 ) (1,334 )
At 31 December 2023 1,277 1,914 3,191
DEPRECIATION
At 1 January 2023 1,036 1,839 2,875
Charge for year 36 657 693
Eliminated on disposal - (1,334 ) (1,334 )
At 31 December 2023 1,072 1,162 2,234
NET BOOK VALUE
At 31 December 2023 205 752 957
At 31 December 2022 241 976 1,217

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,892 25,440
Prepayments and accrued income 412 358
41,304 25,798

PDA Search & Selection Limited (Registered number: 03934097)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,229 5,371
Amounts owed to group undertakings 481 481
Taxation and social security 40,037 28,525
Other creditors 4,215 210
Directors' current accounts 1,650 1,674
Accruals and deferred income 5,635 1,980
55,247 38,241

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.


2023 2022
£ £

Amounts due to directors 1,650 1,674
No interest has been charged.