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PDW CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST OCTOBER 2024






PDW CONSULTING LIMITED (REGISTERED NUMBER: 09510817)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

PDW CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: P D Wilson
Mrs M Wilson





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Road Industrial Estate, Kempston
Bedford
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 09510817 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

PDW CONSULTING LIMITED (REGISTERED NUMBER: 09510817)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,057 -
Tangible assets 5 131,997 99,733
Investment property 6 1,000,000 1,000,000
1,145,054 1,099,733

CURRENT ASSETS
Debtors 7 2,508,231 2,148,369
Cash at bank 3,115,081 3,161,529
5,623,312 5,309,898
CREDITORS
Amounts falling due within one year 8 564,562 246,699
NET CURRENT ASSETS 5,058,750 5,063,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,203,804

6,162,932

PROVISIONS FOR LIABILITIES 61,564 53,498
NET ASSETS 6,142,240 6,109,434

CAPITAL AND RESERVES
Called up share capital 201 201
Other reserves 85,696 85,696
Retained earnings 6,056,343 6,023,537
SHAREHOLDERS' FUNDS 6,142,240 6,109,434

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

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

PDW CONSULTING LIMITED (REGISTERED NUMBER: 09510817)

BALANCE SHEET - continued
31ST OCTOBER 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th January 2025 and were signed on its behalf by:





P D Wilson - Director


PDW CONSULTING LIMITED (REGISTERED NUMBER: 09510817)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

PDW Consulting 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Preparation of consolidated financial statements
The financial statements contain information about PDW Consulting Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rental income and associated recharges received on investment properties, stated net of value added tax.

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.

Licence plates are being amortised evenly over their estimated useful life of twenty five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

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.


PDW CONSULTING LIMITED (REGISTERED NUMBER: 09510817)

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

2. ACCOUNTING POLICIES - continued
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.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Licence
plates
£   
COST
Additions 13,233
At 31st October 2024 13,233
AMORTISATION
Amortisation for year 176
At 31st October 2024 176
NET BOOK VALUE
At 31st October 2024 13,057

PDW CONSULTING LIMITED (REGISTERED NUMBER: 09510817)

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

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st November 2023 129,718 1,222 130,940
Additions 84,783 - 84,783
Disposals (54,175 ) - (54,175 )
At 31st October 2024 160,326 1,222 161,548
DEPRECIATION
At 1st November 2023 30,367 840 31,207
Charge for year 15,738 382 16,120
Eliminated on disposal (17,776 ) - (17,776 )
At 31st October 2024 28,329 1,222 29,551
NET BOOK VALUE
At 31st October 2024 131,997 - 131,997
At 31st October 2023 99,351 382 99,733

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023
and 31st October 2024 1,000,000
NET BOOK VALUE
At 31st October 2024 1,000,000
At 31st October 2023 1,000,000

Included in fair value of investment property is freehold land of £ 300,000 (2023 - £ 300,000 ) which is not depreciated.

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2023 234,221
Cost 765,779
1,000,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 765,779 765,779

PDW CONSULTING LIMITED (REGISTERED NUMBER: 09510817)

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

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 240,000 216,000
Prepayments and accrued income - 6,298
240,000 222,298

Amounts falling due after more than one year:
PDW Investments Ltd 2,268,231 1,926,071

Aggregate amounts 2,508,231 2,148,369

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 209,745 96,345
Amounts owed to participating interests 147,000 47,000
Corporation tax 73,908 36,261
VAT 50,605 7,034
Directors' current accounts 78,004 57,759
Accruals and deferred income 5,300 2,300
564,562 246,699

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PDW CONSULTING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PDW Consulting Limited for the year ended 31st October 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PDW Consulting Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PDW Consulting Limited and state those matters that we have agreed to state to the Board of Directors of PDW Consulting Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PDW Consulting Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PDW Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PDW Consulting Limited. You consider that PDW Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PDW Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


13th January 2025