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REGISTERED NUMBER: 13648604 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

POWER DISTRIBUTION SPECIALISTS HOLDINGS
LTD

POWER DISTRIBUTION SPECIALISTS HOLDINGS
LTD (REGISTERED NUMBER: 13648604)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POWER DISTRIBUTION SPECIALISTS HOLDINGS
LTD

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: P J Cook
M R Mountford-Platts
B T Ratcliffe
R J L Scales





REGISTERED OFFICE: 7c Crondal Road
Exhall
Coventry
CV7 9HN





REGISTERED NUMBER: 13648604 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

POWER DISTRIBUTION SPECIALISTS HOLDINGS
LTD (REGISTERED NUMBER: 13648604)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 833,000 833,000

CURRENT ASSETS
Cash at bank and in hand 16,346 1,061

CREDITORS
Amounts falling due within one year 5 (374,756 ) (349,209 )
NET CURRENT LIABILITIES (358,410 ) (348,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,590

484,852

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 333,293 333,293
Retained earnings 141,197 151,459
474,590 484,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





P J Cook - Director


POWER DISTRIBUTION SPECIALISTS HOLDINGS
LTD (REGISTERED NUMBER: 13648604)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Power Distribution Specialists Holdings Ltd is a limited company, limited by shares, registered in England and Wales. Its registered office address is 7c Crondal Road, Exhall, Coventry, England, CV7 9HN and the registered number is 13648604.

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.

The presentation currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

POWER DISTRIBUTION SPECIALISTS HOLDINGS
LTD (REGISTERED NUMBER: 13648604)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 833,000
NET BOOK VALUE
At 30 September 2024 833,000
At 30 September 2023 833,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,920
Amounts owed to group undertakings 150,718 41,081
Other creditors 224,038 306,208
374,756 349,209