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REGISTERED NUMBER: 05294805 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PDW GROUP (UK) LIMITED

PDW GROUP (UK) LIMITED (REGISTERED NUMBER: 05294805)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PDW GROUP (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







Directors: Mr J P S Thomas
Mrs E J Thomas





Secretary: Mrs E J Thomas





Registered office: Unit 9a
Colwick Quays Business Park
Private Road No. 2
Colwick
NG4 2JY





Registered number: 05294805 (England and Wales)





Accountants: TC Group
10 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP

PDW GROUP (UK) LIMITED (REGISTERED NUMBER: 05294805)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 22,910 41,584
Investments 5 - 62,447
22,910 104,031

Current assets
Debtors 6 267,528 129,509
Cash at bank and in hand 238,778 165,570
506,306 295,079
Creditors
Amounts falling due within one year 7 (197,907 ) (107,673 )
Net current assets 308,399 187,406
Total assets less current liabilities 331,309 291,437

Creditors
Amounts falling due after more than one
year

8

(19,065

)

(25,573

)
Net assets 312,244 265,864

Capital and reserves
Called up share capital 9 1,002 1,002
Retained earnings 311,242 264,862
Shareholders' funds 312,244 265,864

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

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

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 Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





Mr J P S Thomas - Director


PDW GROUP (UK) LIMITED (REGISTERED NUMBER: 05294805)

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

1. STATUTORY INFORMATION

PDW Group (UK) 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Equipment - 25% on cost

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 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.

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.

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

PDW GROUP (UK) LIMITED (REGISTERED NUMBER: 05294805)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Equipment Totals
£ £ £ £
Cost
At 1 January 2024 68,440 124,646 105,002 298,088
Additions - - 1,866 1,866
Disposals - (74,206 ) - (74,206 )
At 31 December 2024 68,440 50,440 106,868 225,748
Depreciation
At 1 January 2024 63,704 93,353 99,447 256,504
Charge for year 1,015 6,571 4,192 11,778
Eliminated on disposal - (65,444 ) - (65,444 )
At 31 December 2024 64,719 34,480 103,639 202,838
Net book value
At 31 December 2024 3,721 15,960 3,229 22,910
At 31 December 2023 4,736 31,293 5,555 41,584

5. FIXED ASSET INVESTMENTS
Other
investments
£
Cost
At 1 January 2024 62,447
Disposals (62,447 )
At 31 December 2024 -
Net book value
At 31 December 2024 -
At 31 December 2023 62,447

The market value of the shares held under fixed asset available-for-sale investments at the year end was £Nil (2023: £62,447).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 243,331 106,918
Prepayments and accrued income 24,197 22,591
267,528 129,509

PDW GROUP (UK) LIMITED (REGISTERED NUMBER: 05294805)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 6,508 6,508
Trade creditors 31,198 16,045
Tax 35,611 8,934
Social security and other taxes 5,157 7,258
VAT 115,830 64,913
Other creditors 3,603 4,015
197,907 107,673

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts 19,065 25,573

9. CALLED UP SHARE CAPITAL

Allotted share capital Nominal Value 2024 2023
998 A Ordinary Shares £1 998 998
1 B Ordinary Share £1 1 1
1 C Ordinary Share £1 1 1
1 D Ordinary Share £1 1 1
1 E Ordinary Share £1 1 1

10. RELATED PARTY DISCLOSURES

The company had the following transactions with Jimelan Developments Ltd, a company Mr J P S and Mrs E J Thomas are sole directors/shareholders of:

20242023
£   £   
Balance bfwd0476,998
Loans issued0750
0
Interest charged014,333
Loan written off0-492,081
Balance cfwd00


The company also had the following transactions with Mr J P S and Mrs E J Thomas SIPP fund:

20242023
£   £   
Balance bfwd083,333
Loans issued00
Loans repaid083,333
Interest charged00
Balance cfwd00

Last year, the loan with Jimelan Developments, a company with common control has been written off with interest charged of £14,333.