IRIS Accounts Production v24.1.4.33 07506352 director 1.4.23 31.3.24 31.3.24 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075063522023-03-31075063522024-03-31075063522023-04-012024-03-31075063522022-03-31075063522022-04-012023-03-31075063522023-03-3107506352ns15:EnglandWales2023-04-012024-03-3107506352ns14:PoundSterling2023-04-012024-03-3107506352ns10:Director12023-04-012024-03-3107506352ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107506352ns10:SmallEntities2023-04-012024-03-3107506352ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107506352ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107506352ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107506352ns10:FullAccounts2023-04-012024-03-310750635212023-04-012024-03-3107506352ns10:RegisteredOffice2023-04-012024-03-3107506352ns5:CurrentFinancialInstruments2024-03-3107506352ns5:CurrentFinancialInstruments2023-03-3107506352ns5:ShareCapital2024-03-3107506352ns5:ShareCapital2023-03-3107506352ns5:RetainedEarningsAccumulatedLosses2024-03-3107506352ns5:RetainedEarningsAccumulatedLosses2023-03-3107506352ns5:NetGoodwill2023-04-012024-03-3107506352ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107506352ns5:PlantMachinery2023-04-012024-03-3107506352ns5:NetGoodwill2023-03-3107506352ns5:NetGoodwill2024-03-3107506352ns5:NetGoodwill2023-03-3107506352ns5:PlantMachinery2023-03-3107506352ns5:PlantMachinery2024-03-3107506352ns5:PlantMachinery2023-03-3107506352ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107506352ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 07506352 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PDL MOTS & REPAIRS LIMITED

PDL MOTS & REPAIRS LIMITED (REGISTERED NUMBER: 07506352)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PDL MOTS & REPAIRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P Law





REGISTERED OFFICE: Unit 4 279 Bristol Road
Gloucester
GL2 5DD





REGISTERED NUMBER: 07506352 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

PDL MOTS & REPAIRS LIMITED (REGISTERED NUMBER: 07506352)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,288 2,593
5,288 2,593

CURRENT ASSETS
Stocks 1,205 941
Debtors 6 2,387 44,027
Cash at bank and in hand 44,103 23,919
47,695 68,887
CREDITORS
Amounts falling due within one year 7 47,369 66,277
NET CURRENT ASSETS 326 2,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,614

5,203

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,514 5,103
5,614 5,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 director and authorised for issue on 19 September 2024 and were signed by:



P Law - Director


PDL MOTS & REPAIRS LIMITED (REGISTERED NUMBER: 07506352)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Pdl Mots & Repairs 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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.
Plant and machinery etc - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PDL MOTS & REPAIRS LIMITED (REGISTERED NUMBER: 07506352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 55,990
Additions 7,750
At 31 March 2024 63,740
DEPRECIATION
At 1 April 2023 53,397
Charge for year 5,055
At 31 March 2024 58,452
NET BOOK VALUE
At 31 March 2024 5,288
At 31 March 2023 2,593

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,387 30,993
Other debtors - 13,034
2,387 44,027

PDL MOTS & REPAIRS LIMITED (REGISTERED NUMBER: 07506352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 26,399 34,554
Trade creditors 372 11,325
Taxation and social security 8,194 11,237
Other creditors 12,404 9,161
47,369 66,277

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

During the period the company continued to loan funds from its director, the funds are interest free and have no set repayment date. As at 31 March 2024 the company owed £2,576 (2023 - £nil) to its director.