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Company No: 08293452 (England and Wales)

P & D CASEMAKING LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

P & D CASEMAKING LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

P & D CASEMAKING LIMITED

BALANCE SHEET

As at 31 January 2025
P & D CASEMAKING LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 295 475
Tangible assets 4 31,941 42,587
32,236 43,062
Current assets
Stocks 5 5,000 5,000
Debtors 6 95,513 100,400
Cash at bank and in hand 130,769 56,001
231,282 161,401
Creditors: amounts falling due within one year 7 ( 111,049) ( 114,539)
Net current assets 120,233 46,862
Total assets less current liabilities 152,469 89,924
Creditors: amounts falling due after more than one year 8 ( 13,499) ( 16,451)
Provision for liabilities ( 7,986) ( 10,648)
Net assets 130,984 62,825
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 130,884 62,725
Total shareholders' funds 130,984 62,825

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

Directors' responsibilities:

The financial statements of P & D Casemaking Limited (registered number: 08293452) were approved and authorised for issue by the Board of Directors on 12 June 2025. They were signed on its behalf by:

C Bell
Director
P & D CASEMAKING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
P & D CASEMAKING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

P & D Casemaking Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Website costs 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 stocks 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, 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.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Intangible assets

Goodwill Website costs Total
£ £ £
Cost
At 01 February 2024 120,000 540 120,540
At 31 January 2025 120,000 540 120,540
Accumulated amortisation
At 01 February 2024 120,000 65 120,065
Charge for the financial year 0 180 180
At 31 January 2025 120,000 245 120,245
Net book value
At 31 January 2025 0 295 295
At 31 January 2024 0 475 475

4. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 February 2024 28,196 51,832 3,028 83,056
At 31 January 2025 28,196 51,832 3,028 83,056
Accumulated depreciation
At 01 February 2024 16,648 21,657 2,164 40,469
Charge for the financial year 2,887 7,544 215 10,646
At 31 January 2025 19,535 29,201 2,379 51,115
Net book value
At 31 January 2025 8,661 22,631 649 31,941
At 31 January 2024 11,548 30,175 864 42,587

5. Stocks

2025 2024
£ £
Stocks 5,000 5,000

6. Debtors

2025 2024
£ £
Trade debtors 91,404 96,932
Other debtors 4,109 3,468
95,513 100,400

7. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 2,870 2,771
Trade creditors 4,846 9,761
Corporation tax 51,581 28,040
Other taxation and social security 32,621 27,434
Obligations under finance leases and hire purchase contracts 3,500 3,500
Other creditors 15,631 43,033
111,049 114,539

The hire purchase contracts are secured by the assets to which they are related.

8. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 12,916 12,368
Obligations under finance leases and hire purchase contracts 583 4,083
13,499 16,451

The hire purchase contracts are secured by the assets to which they are related.

9. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
60 Ordinary A shares of £ 1.00 each 60 60
20 Ordinary B shares of £ 1.00 each 20 20
20 Ordinary C shares of £ 1.00 each 20 20
100 100