PDK Building Solutions Ltd. 03940644 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of providing services in relation to test drilling and boring and that of holding investments. Digita Accounts Production Advanced 6.30.9574.0 true 03940644 2023-04-01 2024-03-31 03940644 2024-03-31 03940644 bus:OrdinaryShareClass1 2024-03-31 03940644 core:RetainedEarningsAccumulatedLosses 2024-03-31 03940644 core:ShareCapital 2024-03-31 03940644 core:CurrentFinancialInstruments 2024-03-31 03940644 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03940644 core:FurnitureFittingsToolsEquipment 2024-03-31 03940644 core:LandBuildings 2024-03-31 03940644 core:MotorVehicles 2024-03-31 03940644 core:OtherPropertyPlantEquipment 2024-03-31 03940644 bus:SmallEntities 2023-04-01 2024-03-31 03940644 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03940644 bus:FilletedAccounts 2023-04-01 2024-03-31 03940644 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03940644 bus:RegisteredOffice 2023-04-01 2024-03-31 03940644 bus:CompanySecretary1 2023-04-01 2024-03-31 03940644 bus:Director1 2023-04-01 2024-03-31 03940644 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 03940644 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03940644 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 03940644 core:ShareCapital 2023-04-01 2024-03-31 03940644 core:ComputerEquipment 2023-04-01 2024-03-31 03940644 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 03940644 core:LandBuildings 2023-04-01 2024-03-31 03940644 core:MotorVehicles 2023-04-01 2024-03-31 03940644 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 03940644 core:PlantMachinery 2023-04-01 2024-03-31 03940644 countries:EnglandWales 2023-04-01 2024-03-31 03940644 2023-03-31 03940644 core:RetainedEarningsAccumulatedLosses 2023-03-31 03940644 core:ShareCapital 2023-03-31 03940644 core:FurnitureFittingsToolsEquipment 2023-03-31 03940644 core:LandBuildings 2023-03-31 03940644 core:MotorVehicles 2023-03-31 03940644 core:OtherPropertyPlantEquipment 2023-03-31 03940644 2022-04-01 2023-03-31 03940644 2023-03-31 03940644 bus:OrdinaryShareClass1 2023-03-31 03940644 core:RetainedEarningsAccumulatedLosses 2023-03-31 03940644 core:ShareCapital 2023-03-31 03940644 core:CurrentFinancialInstruments 2023-03-31 03940644 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03940644 core:FurnitureFittingsToolsEquipment 2023-03-31 03940644 core:LandBuildings 2023-03-31 03940644 core:MotorVehicles 2023-03-31 03940644 core:OtherPropertyPlantEquipment 2023-03-31 03940644 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 03940644 core:RevaluationReserve 2022-04-01 2023-03-31 03940644 core:ShareCapital 2022-04-01 2023-03-31 03940644 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2022-03-31 03940644 core:RevaluationReserve core:PreviouslyStatedAmount 2022-03-31 03940644 core:ShareCapital core:PreviouslyStatedAmount 2022-03-31 03940644 core:PreviouslyStatedAmount 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03940644

PDK Building Solutions Ltd.

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

PDK Building Solutions Ltd.

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 12

 

PDK Building Solutions Ltd.

Company Information

Director

Mr P E Dorey

Company secretary

Mrs J P Dorey

Registered office

34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

 

PDK Building Solutions Ltd.

(Registration number: 03940644)
Balance Sheet as at 31 March 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Tangible assets

4

322,951

329,361

Investment property

5

124,724

124,724

 

447,675

454,085

Current assets

 

Debtors

6

17,632

10,005

Cash at bank and in hand

 

291,875

299,829

 

309,507

309,834

Creditors: Amounts falling due within one year

7

(87,630)

(88,911)

Net current assets

 

221,877

220,923

Total assets less current liabilities

 

669,552

675,008

Provisions for liabilities

(1,643)

(1,439)

Net assets

 

667,909

673,569

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

667,908

673,568

Shareholders' funds

 

667,909

673,569

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

PDK Building Solutions Ltd.

(Registration number: 03940644)
Balance Sheet as at 31 March 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 December 2024
 

.........................................
Mr P E Dorey
Director

 

PDK Building Solutions Ltd.

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

1

673,568

673,569

Loss for the year

-

(4,660)

(4,660)

Dividends

-

(1,000)

(1,000)

At 31 March 2024

1

667,908

667,909

Share capital
£

(As restated)
Fair value reserve
£

(As restated)
Retained earnings
£

(As restated)
Total
£

At 1 April 2022

1

355,301

449,093

804,395

Loss for the year

-

-

(128,826)

(128,826)

Other comprehensive income

-

(355,301)

355,301

-

Total comprehensive income

-

(355,301)

226,475

(128,826)

Dividends

-

-

(2,000)

(2,000)

At 31 March 2023

1

-

673,568

673,569

 

PDK Building Solutions Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF
United Kingdom

The principal place of business is:
Fairlawn
Old Minster Road
Sharpness
Gloucestershire
GL13 9UP
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

PDK Building Solutions Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Accounting policies (continued)

Prior year adjustment

On review of this years financial statements, it has been identified that the company had disposed of the entire shareholding disclosed wiithin other financial assets.

A prior year adjustment has been posted confirming that the other financial asset was no longer held in the previous year.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

PDK Building Solutions Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% on cost

Computer equipment

33% on cost

Motor vehicles

25% reducing balance

Plant and machinery

15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are recognised initally at cost and then subsequently revalued.

Fixed asset investments are revalued on an open market basis based on current share price information at the financial year end, excluding any transaction fees.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

PDK Building Solutions Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

PDK Building Solutions Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 2 (2023 - 2).

 

PDK Building Solutions Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Computer equipment
 £

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 April 2023

374,172

690

14,120

12,397

401,379

Additions

-

768

-

2,376

3,144

Disposals

-

-

(14,120)

-

(14,120)

At 31 March 2024

374,172

1,458

-

14,773

390,403

Depreciation

At 1 April 2023

52,384

690

13,740

5,204

72,018

Charge for the year

7,483

256

-

1,435

9,174

Eliminated on disposal

-

-

(13,740)

-

(13,740)

At 31 March 2024

59,867

946

-

6,639

67,452

Carrying amount

At 31 March 2024

314,305

512

-

8,134

322,951

At 31 March 2023

321,788

-

380

7,193

329,361

Included within the net book value of land and buildings above is £314,305 (2023 - £321,788) in respect of freehold land and buildings.
 

 

PDK Building Solutions Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Investment properties

2024
£

At 1 April 2023

124,724

At 31 March 2024

124,724

The director has determined that the fair value of the investment property has not materially changed from cost and agrees this to be a fair valuation of the property.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Trade debtors

11,218

6,879

Prepayments

1,104

701

Other debtors

5,310

2,425

 

17,632

10,005

 

PDK Building Solutions Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

(As restated)

2023
£

Due within one year

Trade creditors

5,166

6,862

Taxation and social security

-

6,691

Accruals and deferred income

2,303

2,079

Other creditors

80,161

73,279

87,630

88,911

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1