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REGISTERED NUMBER: 11534940 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PES DESIGN AND DEVELOPMENTS LTD

PES DESIGN AND DEVELOPMENTS LTD (REGISTERED NUMBER: 11534940)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PES DESIGN AND DEVELOPMENTS LTD

COMPANY INFORMATION
for the year ended 31 AUGUST 2024







DIRECTOR: P L R Selby





REGISTERED OFFICE: Ships Cottages Ashford Hill Road
Ashford Hill
Thatcham
Berks
RG19 8BD





REGISTERED NUMBER: 11534940 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

PES DESIGN AND DEVELOPMENTS LTD (REGISTERED NUMBER: 11534940)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,476 26,087

CURRENT ASSETS
Stocks 18,000 10,000
Debtors 5 2,907 5,099
Cash at bank 2,019 4,464
22,926 19,563
CREDITORS
Amounts falling due within one year 6 47,007 66,798
NET CURRENT LIABILITIES (24,081 ) (47,235 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,605

)

(21,148

)

CREDITORS
Amounts falling due after more than one
year

7

1,350

3,150
NET LIABILITIES (14,955 ) (24,298 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (15,055 ) (24,398 )
SHAREHOLDERS' FUNDS (14,955 ) (24,298 )

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

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

PES DESIGN AND DEVELOPMENTS LTD (REGISTERED NUMBER: 11534940)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2025 and were signed by:





P L R Selby - Director


PES DESIGN AND DEVELOPMENTS LTD (REGISTERED NUMBER: 11534940)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 AUGUST 2024

1. STATUTORY INFORMATION

Pes Design And Developments Ltd 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.

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 - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
Office equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PES DESIGN AND DEVELOPMENTS LTD (REGISTERED NUMBER: 11534940)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 40,835 652 17,785 3,191 62,463
Additions - - - 737 737
Disposals - - (14,574 ) - (14,574 )
At 31 August 2024 40,835 652 3,211 3,928 48,626
DEPRECIATION
At 1 September 2023 27,118 554 6,547 2,157 36,376
Charge for year 5,878 49 382 712 7,021
Eliminated on disposal - - (5,247 ) - (5,247 )
At 31 August 2024 32,996 603 1,682 2,869 38,150
NET BOOK VALUE
At 31 August 2024 7,839 49 1,529 1,059 10,476
At 31 August 2023 13,717 98 11,238 1,034 26,087

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 2,907 5,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 1,800 1,800
Taxation and social security 4,898 5,723
Other creditors 40,309 59,275
47,007 66,798

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 1,350 3,150

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 100 100

PES DESIGN AND DEVELOPMENTS LTD (REGISTERED NUMBER: 11534940)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 AUGUST 2024

9. RESERVES
Retained
earnings
£   

At 1 September 2023 (24,398 )
Profit for the year 9,343
At 31 August 2024 (15,055 )

10. CONTINGENT LIABILITIES

There were no contingent liabilities at the balance sheet date or at 31 August 2023.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The Company's liabilities exceed its assets by £14,955.The amount due to P Selby, a Director, at the balance sheet date was £39,603. This being the case, the Director is confident that the company can meet all of its financial obligations in the foreseeable future.

12. ULTIMATE CONTROLLING PARTY

The controlling party is P L R Selby.