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Company Registration No. 07962617 (England and Wales)
PDP Projects Limited Unaudited accounts for the year ended 31 March 2024
PDP Projects Limited Unaudited accounts Contents
Page
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PDP Projects Limited Company Information for the year ended 31 March 2024
Director
Mr M Parry
Company Number
07962617 (England and Wales)
Registered Office
The Granary Churchfield Farm Oundle Peterborough Cambridgeshire PE8 5AU England
Accountants
Cedar House Accounting 67 Stephens Way Deeping St James Peterborough PE6 8EJ
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PDP Projects Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,672 
6,930 
Tangible assets
41,880 
44,610 
47,552 
51,540 
Current assets
Inventories
330,173 
181,937 
Debtors
460,634 
281,162 
Cash at bank and in hand
237,334 
94,536 
1,028,141 
557,635 
Creditors: amounts falling due within one year
(926,600)
(458,357)
Net current assets
101,541 
99,278 
Total assets less current liabilities
149,093 
150,818 
Creditors: amounts falling due after more than one year
(66,667)
(116,667)
Provisions for liabilities
Deferred tax
(5,238)
(7,383)
Net assets
77,188 
26,768 
Capital and reserves
Called up share capital
310 
310 
Profit and loss account
76,878 
26,458 
Shareholders' funds
77,188 
26,768 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2024 and were signed on its behalf by
Mr M Parry Director Company Registration No. 07962617
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PDP Projects Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PDP Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 07962617. The registered office is The Granary, Churchfield Farm, Oundle, Peterborough, Cambridgeshire, PE8 5AU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Website Costs : 20% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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PDP Projects Limited Notes to the Accounts for the year ended 31 March 2024
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
33% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
15,039 
At 31 March 2024
15,039 
Amortisation
At 1 April 2023
8,109 
Charge for the year
1,258 
At 31 March 2024
9,367 
Net book value
At 31 March 2024
5,672 
At 31 March 2023
6,930 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
13,544 
31,552 
39,682 
84,778 
Additions
- 
3,275 
1,084 
4,359 
At 31 March 2024
13,544 
34,827 
40,766 
89,137 
Depreciation
At 1 April 2023
11,340 
13,208 
15,620 
40,168 
Charge for the year
729 
2,698 
3,662 
7,089 
At 31 March 2024
12,069 
15,906 
19,282 
47,257 
Net book value
At 31 March 2024
1,475 
18,921 
21,484 
41,880 
At 31 March 2023
2,204 
18,344 
24,062 
44,610 
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PDP Projects Limited Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
390,137 
217,848 
Accrued income and prepayments
33,979 
46,796 
Other debtors
36,518 
16,518 
460,634 
281,162 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
50,000 
80,446 
VAT
141,282 
60,070 
Trade creditors
540,079 
258,024 
Taxes and social security
150,761 
80,568 
Other creditors
9,890 
2,073 
Loans from directors
32,866 
(48,943)
Accruals
1,722 
26,119 
926,600 
458,357 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
66,667 
116,667 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
64,856 
53,158 
Later than one year and not later than five years
170,709 
175,583 
Later than five years
- 
28,147 
235,565 
256,888 
10
Loans to directors
During the year, the directors loan balance brought forward from 2023 was repaid. As at 31 March 2024, the Directors loan account balance due to be paid is £32,865.71
11
Average number of employees
During the year the average number of employees was 12 (2023: 8).
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