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Registration number: 07195492

PDL (Bournemouth) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

PDL (Bournemouth) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

PDL (Bournemouth) Limited

Company Information

Director

Mr T Mackin

Registered office

The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

Accountants

Wilkinsons Accountants Limited
Chartered Certified Accountants
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

 

PDL (Bournemouth) Limited

(Registration number: 07195492)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

-

202,228

Current assets

 

Debtors

5

150,024

863,020

Cash at bank and in hand

 

1,857

6,773

 

151,881

869,793

Creditors: Amounts falling due within one year

6

(144,440)

(626,844)

Net current assets

 

7,441

242,949

Total assets less current liabilities

 

7,441

445,177

Creditors: Amounts falling due after more than one year

6

(5,832)

(88,968)

Provisions for liabilities

-

(246,233)

Net assets

 

1,609

109,976

Capital and reserves

 

Called up share capital

100

100

Capital redemption reserve

218

218

Retained earnings

1,291

109,658

Shareholders' funds

 

1,609

109,976

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 May 2025
 

.........................................
Mr T Mackin
Director

 

PDL (Bournemouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £1.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of sales of goods and services to customers.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

PDL (Bournemouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% on cost

Furniture, fittings and equipment

25% reducing balance

Short leasehold property

5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event
and it is probable that the company will be required to settle that obligation and a reliable estimate can be
made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

PDL (Bournemouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 6).

4

Tangible assets

Land and buildings
£

Furniture fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

26,072

25,870

312,248

364,190

Disposals

(26,072)

(25,870)

(312,248)

(364,190)

At 31 March 2025

-

-

-

-

Depreciation

At 1 April 2024

14,774

15,329

131,859

161,962

Eliminated on disposal

(14,774)

(15,329)

(131,859)

(161,962)

At 31 March 2025

-

-

-

-

Carrying amount

At 31 March 2025

-

-

-

-

At 31 March 2024

11,298

10,541

180,389

202,228

Included within the net book value of land and buildings above is £Nil (2024 - £11,298) in respect of short leasehold land and buildings.
 

5

Debtors

Note

2025
£

2024
£

Trade debtors

 

38,410

829,700

Amounts owed by connected companies

111,614

2,482

Prepayments

 

-

11,624

Other debtors

 

-

19,214

 

150,024

863,020

 

PDL (Bournemouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

10,000

39,282

Trade creditors

 

47,501

179,678

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

346,169

Taxation and social security

 

80,406

51,298

Accruals and deferred income

 

3,350

7,975

Other creditors

 

3,183

2,442

 

144,440

626,844

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

5,832

88,968

7

Loans and borrowings

2025
£

2024
£

Non-current loans and borrowings

Bank borrowings

5,832

15,832

Hire purchase contracts

-

73,136

5,832

88,968

2025
£

2024
£

Current loans and borrowings

Bank borrowings

10,000

10,000

Hire purchase contracts

-

29,282

10,000

39,282

 

PDL (Bournemouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Parent and ultimate parent undertaking

The company's immediate parent is PDL Group Limited, incorporated in England.

  These financial statements are available upon request from 13 Durley Road South, West Cliff, Bournemouth, Dorset, BH2 5JH.