Company registration number 05507581 (England and Wales)
PDM INTERNATIONAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
PDM INTERNATIONAL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PDM INTERNATIONAL LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
22,301
29,595
Current assets
Work in progress
8,500
-
Debtors
150,842
124,740
Cash at bank and in hand
11
50,388
159,353
175,128
Creditors: amounts falling due within one year
(102,671)
(85,495)
Net current assets
56,682
89,633
Total assets less current liabilities
78,983
119,228
Creditors: amounts falling due after more than one year
(8,424)
(18,304)
Provisions for liabilities
(5,575)
(7,399)
Net assets
64,984
93,525
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
64,982
93,523
Total equity
64,984
93,525
PDM INTERNATIONAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -

For the financial year ended 31 July 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 24 April 2025
Mr Richard Hall
Director
Company registration number 05507581 (England and Wales)
PDM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information

PDM International Limited is a private company limited by shares incorporated in England and Wales. The registered office is River Studio, 23 Finkle Street, Thirsk, North Yorkshire, YO7 1DA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover is recognised on the basis of net receivables sales excluding value added tax.

1.3
Tangible fixed assets

Depreciation is provided so at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property improvements
10% per annum
Fixtures and equipment
25% on reducing balance
IT equipment
33% on cost / 25% on reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
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

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.

PDM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -
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.

1.6
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
6
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2023
18,092
81,663
99,755
Additions
-
0
139
139
At 31 July 2024
18,092
81,802
99,894
Depreciation and impairment
At 1 August 2023
10,855
59,305
70,160
Depreciation charged in the year
1,809
5,624
7,433
At 31 July 2024
12,664
64,929
77,593
Carrying amount
At 31 July 2024
5,428
16,873
22,301
At 31 July 2023
7,237
22,358
29,595
PDM INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
4
Directors' transactions

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023.

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr Richard Hall -
-
62,776
82,131
(78,600)
66,307
62,776
82,131
(78,600)
66,307
2024-07-312023-08-01falsefalsefalse24 April 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr R HallMrs Helen Hall055075812023-08-012024-07-31055075812024-07-31055075812023-07-3105507581core:LandBuildings2024-07-3105507581core:OtherPropertyPlantEquipment2024-07-3105507581core:LandBuildings2023-07-3105507581core:OtherPropertyPlantEquipment2023-07-3105507581core:CurrentFinancialInstrumentscore:WithinOneYear2024-07-3105507581core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3105507581core:Non-currentFinancialInstrumentscore:AfterOneYear2024-07-3105507581core:Non-currentFinancialInstrumentscore:AfterOneYear2023-07-3105507581core:ShareCapital2024-07-3105507581core:ShareCapital2023-07-3105507581core:RetainedEarningsAccumulatedLosses2024-07-3105507581core:RetainedEarningsAccumulatedLosses2023-07-3105507581bus:Director12023-08-012024-07-3105507581core:LandBuildingscore:LongLeaseholdAssets2023-08-012024-07-3105507581core:FurnitureFittings2023-08-012024-07-3105507581core:ComputerEquipment2023-08-012024-07-31055075812022-08-012023-07-3105507581core:LandBuildings2023-07-3105507581core:OtherPropertyPlantEquipment2023-07-31055075812023-07-3105507581core:LandBuildings2023-08-012024-07-3105507581core:OtherPropertyPlantEquipment2023-08-012024-07-3105507581bus:PrivateLimitedCompanyLtd2023-08-012024-07-3105507581bus:SmallCompaniesRegimeForAccounts2023-08-012024-07-3105507581bus:FRS1022023-08-012024-07-3105507581bus:AuditExemptWithAccountantsReport2023-08-012024-07-3105507581bus:CompanySecretary12023-08-012024-07-3105507581bus:FullAccounts2023-08-012024-07-31xbrli:purexbrli:sharesiso4217:GBP