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REGISTERED NUMBER: 04211478 (England and Wales)











PDT Limited

Strategic Report, Report of the Directors and

Financial Statements

for the Period 1 July 2023 to 31 December 2024






PDT Limited (Registered number: 04211478)






Contents of the Financial Statements
for the Period 1 July 2023 to 31 December 2024




Page

Company information 1

Strategic report 2

Report of the directors 3

Report of the independent auditors 5

Statement of comprehensive income 9

Balance sheet 10

Statement of changes in equity 11

Cash flow statement 12

Notes to the financial statements 13


PDT Limited

Company Information
for the Period 1 July 2023 to 31 December 2024







Directors: T Burke
D Holder
F Salmon





Registered office: Unit 4b
Greengate Industrial Estate
White Moss View
Middleton
Manchester
M24 1UN





Registered number: 04211478 (England and Wales)





Auditors: Warr & Co Limited
Chartered Accountants
& Statutory Auditors
Mynshull House
78 Churchgate
Stockport
SK1 1YJ

PDT Limited (Registered number: 04211478)

Strategic Report
for the Period 1 July 2023 to 31 December 2024

The directors present their strategic report for the period 1 July 2023 to 31 December 2024.

Review of business
The company's principal activity continued to be that of the import and distribution of electronic products.

The results of the company for the year, as set out in the Statement of Comprehensive Income on page 9, and key performance indicators detailed below.

Principal risks and uncertainties
The process of risk acceptance and risk management is addressed by an ongoing review by the directors and senior management.

Business risks and uncertainties affecting the company include the uncertain outcome of future trading arrangements with Europe.

Financial risk management
Credit Risk - This is managed by the constant monitoring of our internal systems to ensure debts are collected in a timely manner.

Liquidity Risk - The company maintains strong cash balances to ensure liabilities are met promptly.

Future developments
The directors consider that the company is well placed to take advantage of any increased levels of activity.

Key performance indicators
The company's key performance indicators during the year were as follows:


2024 2023
Gross Profit £5,824,611 £3,142,125
Operating Profit £3,987,753 £2,001,288
Profit Before Tax £4,031,032 £2,001,731
Shareholder's Funds £9,537,744 £7,930,620

Gross Profit 17.0% 14.4%

On behalf of the board:





D Holder - Director


21 May 2025

PDT Limited (Registered number: 04211478)

Report of the Directors
for the Period 1 July 2023 to 31 December 2024

The directors present their report with the financial statements of the company for the period 1 July 2023 to 31 December 2024.

Dividends
An interim dividend of £14,145.04 per share was paid on 8 January 2024. The directors recommend that no final dividend be paid.

The total distribution of dividends for the period ended 31 December 2024 will be £ 1,414,504 .

Directors
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

T Burke
D Holder
F Salmon

Going concern
The directors consider that the company is well placed to continue as a going concern for the foreseeable future. Further details are disclosed in the notes to the financial statements.

Directors' responsibilities statement
The directors are responsible for preparing the Strategic report, the Report of the directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

PDT Limited (Registered number: 04211478)

Report of the Directors
for the Period 1 July 2023 to 31 December 2024


Auditors
The auditors, Warr & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:





D Holder - Director


21 May 2025

Report of the Independent Auditors to the Members of
PDT Limited

Opinion
We have audited the financial statements of PDT Limited (the 'company') for the period ended 31 December 2024 which comprise the Statement of comprehensive income, Balance sheet, Statement of changes in equity, Cash flow statement and Notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic report and the Report of the directors, but does not include the financial statements and our Report of the auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
PDT Limited


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic report and the Report of the directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic report and the Report of the directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Report of the directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Directors' responsibilities statement set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
PDT Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We worked closely with the directors and senior management to identify the relevant laws and regulations and compliance therewith. Our procedures and sampling were designed to identify irregularities and remove the risk of material misstatements.

As part of an audit in accordance with ISA's (UK), we exercise professional judgement and maintain
professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks, and obtain audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based
on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may
cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the
financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based
on the audit evidence obtained up to te date of our auditor's report. However, future events or conditions may
cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

- Obtain sufficient appropriate audit evidence regarding the financial information of the entries or business activities within the company to express an opinion on the financial statements. We are responsible for our audit opinion.

- We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, including any significant deficiencies in internal control that we identified during the audit.


Report of the Independent Auditors to the Members of
PDT Limited

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Nicola Joyce ACA, (Senior Statutory Auditor)
for and on behalf of Warr & Co Limited
Chartered Accountants
& Statutory Auditors
Mynshull House
78 Churchgate
Stockport
SK1 1YJ

21 May 2025

PDT Limited (Registered number: 04211478)

Statement of Comprehensive
Income
for the Period 1 July 2023 to 31 December 2024

Period
1.7.23
to Year ended
31.12.24 30.6.23
Notes £    £   

Turnover 4 34,133,762 21,826,650

Cost of sales (28,309,151 ) (18,684,525 )
Gross profit 5,824,611 3,142,125

Administrative expenses (1,836,858 ) (1,140,837 )
Operating profit 6 3,987,753 2,001,288

Interest receivable and similar income 43,279 1,452
4,031,032 2,002,740
Amounts written off investments 7 - (1,009 )
Profit before taxation 4,031,032 2,001,731

Tax on profit 8 (1,009,404 ) (413,510 )
Profit for the financial period 3,021,628 1,588,221

Other comprehensive income - -
Total comprehensive income for the
period

3,021,628

1,588,221

PDT Limited (Registered number: 04211478)

Balance Sheet
31 December 2024

31.12.24 30.6.23
Notes £    £   
Fixed assets
Intangible assets 10 3,686 3,704
Tangible assets 11 30,742 31,271
Investments 12 - -
34,428 34,975

Current assets
Stocks 13 520,993 2,089,046
Debtors 14 8,119,036 6,286,422
Cash at bank 15 2,819,962 865,595
11,459,991 9,241,063
Creditors
Amounts falling due within one year 16 (1,949,191 ) (1,337,934 )
Net current assets 9,510,800 7,903,129
Total assets less current liabilities 9,545,228 7,938,104

Provisions for liabilities 18 (7,484 ) (7,484 )
Net assets 9,537,744 7,930,620

Capital and reserves
Called up share capital 19 100 100
Retained earnings 20 9,537,644 7,930,520
Shareholders' funds 9,537,744 7,930,620

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:




D Holder - Director



T Burke - Director


PDT Limited (Registered number: 04211478)

Statement of Changes in Equity
for the Period 1 July 2023 to 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 July 2022 100 8,257,289 8,257,389

Changes in equity
Dividends - (1,914,990 ) (1,914,990 )
Total comprehensive income - 1,588,221 1,588,221
Balance at 30 June 2023 100 7,930,520 7,930,620

Changes in equity
Dividends - (1,414,504 ) (1,414,504 )
Total comprehensive income - 3,021,628 3,021,628
Balance at 31 December 2024 100 9,537,644 9,537,744

PDT Limited (Registered number: 04211478)

Cash Flow Statement
for the Period 1 July 2023 to 31 December 2024

Period
1.7.23
to Year ended
31.12.24 30.6.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 23 6,365,374 3,963,870
Tax paid (816,928 ) (528,986 )
Net cash from operating activities 5,548,446 3,434,884

Cash flows from investing activities
Purchase of intangible fixed assets - (3,704 )
Purchase of tangible fixed assets (14,401 ) (22,865 )
Sale of tangible fixed assets - (128 )
Interest received 43,279 1,452
Net cash from investing activities 28,878 (25,245 )

Cash flows from financing activities
Equity dividends paid (1,414,504 ) (1,914,990 )
Loans from group undertakings (2,208,620 ) (2,257,225 )
Net cash from financing activities (3,623,124 ) (4,172,215 )

Increase/(decrease) in cash and cash equivalents 1,954,200 (762,576 )
Cash and cash equivalents at
beginning of period

24

865,595

1,627,627
Effect of foreign exchange rate changes 167 544
Cash and cash equivalents at end of
period

24

2,819,962

865,595

PDT Limited (Registered number: 04211478)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 December 2024

1. Statutory information

PDT 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The entity has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking. The company which draws up group accounts is Storit Limited, a company registered in the Republic of Ireland.

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
Revenue from the sale of goods is recognised when the company has transferred the risks and rewards of ownership to the buyer; normally when the goods are delivered to the customer. The company also recognises revenue when goods are sold on consignment and the buyer has accepted delivery at a shipping port and therefore the risks and rewards of ownership have passed from the seller to buyer.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% on cost and 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

PDT Limited (Registered number: 04211478)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

2. Accounting policies - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme. Contributions payable are charged to profit or loss in the period to which they relate.

PDT Limited (Registered number: 04211478)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

Fixed asset investments
Investments in company shares are stated at fair value at each balance sheet date. Fair value gains and losses are taken to the profit and loss account.

Going concern
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The view of the directors is that, despite prevailing global economic uncertainties, the company is well placed to negotiate the conditions facing the worldwide economy.

In reaching their conclusion, the directors have considered their cash flow for a period of 12 months from the date of signing the financial statements. Recent management information has been very positive and the company has continued to trade effectively. The directors are confident that the company will continue as a going concern for a period of at least 12 months from the signing of the financial statements and after consideration of all factors, the directors continue to adopt the going concern basis in preparing the financial statements.

3. Critical accounting judgements and key sources of estimation uncertainty

The directors consider the key accounting estimates to be provisions for obsolete stock, provisions for trade debtors and sales rebates and the estimation of the useful lives of fixed assets.

In determining the recoverable value of stock the directors consider the age and current market demand on an individual product basis.

The directors estimate the provision for trade debtors and sales rebates based on an assessment of specific accounts and use their knowledge of the customers and the market to ensure the correct judgements are applied.

Management have used their expectation of the estimated useful lives of each category of assets
in order to ensure the appropriate provision is made for depreciation. Details of the estimated useful
lives are noted in the accounting policies and the depreciation provision is stated in note 11.

PDT Limited (Registered number: 04211478)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

4. Turnover

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

Period
1.7.23
to Year ended
31.12.24 30.6.23
£    £   
Sale of goods 34,133,762 21,826,650
34,133,762 21,826,650

An analysis of turnover by geographical market is given below:

Period
1.7.23
to Year ended
31.12.24 30.6.23
£    £   
United Kingdom 8,627,825 6,641,029
Europe 9,729,581 5,479,088
United States of America 15,143,082 9,573,925
Asia 15,871 101,445
Rest of the world 617,403 31,163
34,133,762 21,826,650

5. Employees and directors
Period
1.7.23
to Year ended
31.12.24 30.6.23
£    £   
Wages and salaries 745,301 479,246
Social security costs 83,712 59,019
Other pension costs 77,947 47,709
906,960 585,974

PDT Limited (Registered number: 04211478)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

5. Employees and directors - continued

The average number of employees during the period was as follows:
Period
1.7.23
to Year ended
31.12.24 30.6.23

Administrative staff 11 11

Period
1.7.23
to Year ended
31.12.24 30.6.23
£    £   
Directors' remuneration - -

6. Operating profit

The operating profit is stated after charging/(crediting):

Period
1.7.23
to Year ended
31.12.24 30.6.23
£    £   
Depreciation - owned assets 14,781 4,598
Loss on disposal of fixed assets - 5,358
Auditors' remuneration 26,723 13,500
Auditors' remuneration for non audit work 5,334 5,922
Foreign exchange gains and losses (45,913 ) 518,881

7. Amounts written off investments
Period
1.7.23
to Year ended
31.12.24 30.6.23
£    £   
Amounts written off investment - 1,009

PDT Limited (Registered number: 04211478)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

8. Taxation

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
Period
1.7.23
to Year ended
31.12.24 30.6.23
£    £   
Current tax:
UK corporation tax 1,009,404 408,636

Deferred tax - 4,874
Tax on profit 1,009,404 413,510

Reconciliation of total tax charge included in profit and loss
The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

Period
1.7.23
to Year ended
31.12.24 30.6.23
£    £   
Profit before tax 4,031,032 2,001,731
Profit multiplied by the standard rate of corporation tax in the UK
of 25% (2023 - 20.496%)

1,007,758

410,275

Effects of:
Expenses not deductible for tax purposes 1,581 2,081
Capital allowances in excess of depreciation - (3,720 )
Depreciation in excess of capital allowances 65 -
Deferred tax provision - 4,874
Total tax charge 1,009,404 413,510

9. Dividends
Period
1.7.23
to Year ended
31.12.24 30.6.23
£    £   
Ordinary shares of £1 each
Interim 1,414,504 1,914,990

PDT Limited (Registered number: 04211478)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

10. Intangible fixed assets
Patents
and
licences
£   
Cost
At 1 July 2023 3,704
Exchange differences (18 )
At 31 December 2024 3,686
Net book value
At 31 December 2024 3,686
At 30 June 2023 3,704

11. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 July 2023 24,507 15,060 16,264 55,831
Additions 9,519 1,247 3,635 14,401
Exchange differences (118 ) (72 ) (78 ) (268 )
At 31 December 2024 33,908 16,235 19,821 69,964
Depreciation
At 1 July 2023 3,437 10,965 10,158 24,560
Charge for period 9,714 1,243 3,824 14,781
Exchange differences (17 ) (53 ) (49 ) (119 )
At 31 December 2024 13,134 12,155 13,933 39,222
Net book value
At 31 December 2024 20,774 4,080 5,888 30,742
At 30 June 2023 21,070 4,095 6,106 31,271

PDT Limited (Registered number: 04211478)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

12. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 July 2023 258,448
Disposals (258,448 )
At 31 December 2024 -
Provisions
At 1 July 2023 258,448

Eliminated on disposal (258,448 )
At 31 December 2024 -
Net book value
At 31 December 2024 -
At 30 June 2023 -

The company's investments at the Balance sheet date in the share capital of companies include the following:

The company held 100% of ordinary shares in Tech-Note International Limited, a company registered in the United Kingdom, until it was dissolved at Companies House on 5 September 2023.

13. Stocks
31.12.24 30.6.23
£    £   
Stocks 520,993 2,089,046

The value of stock held is stated net of a stock provision at the year end of £33,948 (2023 £243,037).

14. Debtors: amounts falling due within one year
31.12.24 30.6.23
£    £   
Trade debtors 3,490,895 3,993,765
Amounts owed by group undertakings 4,615,036 2,256,175
Other debtors 1,286 -
Prepayments and accrued income 11,819 36,482
8,119,036 6,286,422

PDT Limited (Registered number: 04211478)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

15. Cash at bank

There is a fixed charge in place over the company's assets from RBS Invoice Financing for any liabilities due. At the year end, £39,340 was owed to RBS Invoice Financing (2023 £385).

16. Creditors: amounts falling due within one year
31.12.24 30.6.23
£    £   
Trade creditors 66,719 71,033
Amounts owed to group undertakings 150,241 -
Corporation tax 359,038 166,562
Social security and other taxes 10,959 5,572
VAT 283,019 53,135
Other creditors - 15,365
Accrued expenses 1,079,215 1,026,267
1,949,191 1,337,934

17. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 30.6.23
£    £   
Within one year 14,590 25,012
Between one and five years - 2,084
14,590 27,096

18. Provisions for liabilities
31.12.24 30.6.23
£    £   
Deferred tax
Accelerated capital allowances 7,484 7,484

Deferred
tax
£   
Balance at 1 July 2023 7,484
Balance at 31 December 2024 7,484

PDT Limited (Registered number: 04211478)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

19. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

20. Reserves
Retained
earnings
£   

At 1 July 2023 7,930,520
Profit for the period 3,021,628
Dividends (1,414,504 )
At 31 December 2024 9,537,644

PDT Limited (Registered number: 04211478)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

21. Related party disclosures

During the year PDT Limited sold goods amounting to £3,055,135 (2023 £1,713,091) and purchased goods amounting to £2,634,072 (2023 £1,716,346) with CMS Distribution Limited (Great Britain). A loan of £1,593,880 was made in the year from PDT to CMS Distribution Limited (Great Britain), with interest charged at 3%. Interest of £43,279 was receivable in the year. A balance of £4,405,556 (2023 £2,011,319) was receivable at the balance sheet date. Dividends totalling £1,060,878 (2023 £1,436,243) were paid to CMS Distribution Limited (Great Britain) in the year.

During the year, PDT Limited sold goods amounting to £6,053,918 (2023 £1,346,110) and purchased goods amounting to £4,907,612 (2023 £1,146,387) with VLC Distribution Co. Inc, a non UK subsidiary of CMS Distribution Limited. A balance of £2,112 (2023 receivable £211,787) was payable at the balance sheet date.

During the year, PDT Limited sold goods amounting to £249,541 (2023 £345,253) and purchased goods amounting to £163,687 (2023 £4,769) with CMS Distribution Limited (Ireland), a company ultimately controlled by Frank Salmon. A balance of £86,768 (2023 receivable £55,674) was payable at the balance sheet date.

During the year, PDT Limited sold goods amounting to £28,633 (2023 £nil) and purchased goods amounting to £24,761 (2023 £nil) with CMS Distribution SAS, a company ultimately controlled by Frank Salmon. A balance of £988 (2023 £nil) was receivable at the balance sheet date.

During the year, PDT Limited sold goods amounting to £8,170 (2023 £nil) and purchased goods amounting to £5,768 (2023 £nil) with CMS Distribution BV, a company ultimately controlled by Frank Salmon. A balance of £5,801 (2023 £nil) was receivable at the balance sheet date.

The company sold goods amounting to £414,737 (2023 £70,317) and purchased goods amounting to £337,300 (2023 £76,597) with Clever Stuff International Limited, a company controlled by Frank Salmon. A balance of £179,522 (2023 £77,528) was receivable at the balance sheet date.

The company sold goods amounting to £27,271 (2023 £nil) with Newgen Distribution AB, a company controlled by Frank Salmon. A balance of £27,271 (2023 £nil) was receivable at the balance sheet date.

The company made payments amounting to £239,157 (2023 £166,035) to HFT Holdings Limited in respect of directors services provided by D Holder. Dividends totalling £353,626 (2023 £478,747) were paid to HFT Holdings Limited in the year. Consultancy costs of £239,312 (2023 £166,035) were also paid to Holder Consultancy Limited during the year. Both HFT Holdings Limited and Holder Consultancy Limited are companies controlled by D Holder.

22. Ultimate controlling party

The company's immediate controlling party is CMS Distribution Limited whose parent company is Storit Limited, a company registered in the Republic of Ireland. Storit Limited prepare consolidated financial statements which are publicly available at Companies Registration Office Dublin. The company's ultimate controlling party is Frank Salmon, a director and majority shareholder of Storit Limited.

PDT Limited (Registered number: 04211478)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

23. Reconciliation of profit before taxation to cash generated from operations

Period
1.7.23
to Year ended
31.12.24 30.6.23
£    £   
Profit before taxation 4,031,032 2,001,731
Depreciation charges 14,781 4,598
Loss on disposal of fixed assets - 5,358
Loss on revaluation of fixed assets - 1,009
Finance income (43,279 ) (1,452 )
4,002,534 2,011,244
Decrease in stocks 1,568,053 1,014,698
Decrease in trade and other debtors 526,247 557,910
Increase in trade and other creditors 268,540 380,018
Cash generated from operations 6,365,374 3,963,870

24. Cash and cash equivalents

The amounts disclosed on the Cash flow statement in respect of cash and cash equivalents are in respect of these Balance sheet amounts:

Period ended 31 December 2024
31.12.24 1.7.23
£    £   
Cash and cash equivalents 2,819,962 865,595
Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 865,595 1,627,627


25. Analysis of changes in net funds

At 1.7.23 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank 865,595 1,954,367 2,819,962
865,595 1,954,367 2,819,962
Total 865,595 1,954,367 2,819,962