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Registered number: 05933206
Professional Driving Recruitment Services Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05933206
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,324 45,574
Investment Properties 5 445,000 443,000
483,324 488,574
CURRENT ASSETS
Debtors 6 306,144 280,896
Cash at bank and in hand 10,213 20,097
316,357 300,993
Creditors: Amounts Falling Due Within One Year 7 (141,496 ) (115,418 )
NET CURRENT ASSETS (LIABILITIES) 174,861 185,575
TOTAL ASSETS LESS CURRENT LIABILITIES 658,185 674,149
Creditors: Amounts Falling Due After More Than One Year 8 (13,333 ) (35,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (37,827 ) (36,639 )
NET ASSETS 607,025 602,510
CAPITAL AND RESERVES
Called up share capital 9 8 8
Profit and Loss Account 607,017 602,502
SHAREHOLDERS' FUNDS 607,025 602,510
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Black
Director
29 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Professional Driving Recruitment Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05933206 . The registered office is Nbv Enterprise Centre, David Lane, Nottingham, NG6 0JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 33% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 3)
5 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 October 2023 1,428 47,890 12,042 61,360
Additions - - 3,165 3,165
As at 30 September 2024 1,428 47,890 15,207 64,525
Depreciation
As at 1 October 2023 476 9,578 5,732 15,786
Provided during the period 317 7,662 2,436 10,415
As at 30 September 2024 793 17,240 8,168 26,201
Net Book Value
As at 30 September 2024 635 30,650 7,039 38,324
As at 1 October 2023 952 38,312 6,310 45,574
Cost or valuation as at 30 September 2024 represented by:
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
At cost 1,428 47,890 15,207 64,525
1,428 47,890 15,207 64,525
Investment property is initially recorded at cost, which includes purchase price and any directly attributable
expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are
recognised in profit or loss.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of
investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair
value will be reliably measurable on an on-going basis.
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 443,000
Revaluations 2,000
As at 30 September 2024 445,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 264,909 264,909
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 31,098 12,516
Prepayments and accrued income 159 159
PDRS Group Ltd 2 2
PDRS Properties Ltd 274,885 268,219
306,144 280,896
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2 947
Bank loans and overdrafts 20,000 20,000
PAYE and NIC 2,142 940
VAT 7,439 1,794
Deposits held 2,000 2,000
Accruals and deferred income 51,544 51,210
Director's loan account 58,369 38,527
141,496 115,418
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,333 35,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 8 8
10. Ultimate Controlling Party
The company's ultimate controlling party is PDRS Group Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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