Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312023-11-01false6351truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09279717 2023-11-01 2024-10-31 09279717 2022-11-01 2023-10-31 09279717 2024-10-31 09279717 2023-10-31 09279717 2022-11-01 09279717 c:Director1 2023-11-01 2024-10-31 09279717 d:Buildings 2023-11-01 2024-10-31 09279717 d:Buildings 2024-10-31 09279717 d:Buildings 2023-10-31 09279717 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09279717 d:Buildings d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 09279717 d:PlantMachinery 2023-11-01 2024-10-31 09279717 d:MotorVehicles 2023-11-01 2024-10-31 09279717 d:FurnitureFittings 2023-11-01 2024-10-31 09279717 d:OfficeEquipment 2023-11-01 2024-10-31 09279717 d:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 09279717 d:OtherPropertyPlantEquipment 2024-10-31 09279717 d:OtherPropertyPlantEquipment 2023-10-31 09279717 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09279717 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 09279717 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09279717 d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 09279717 d:CurrentFinancialInstruments 2024-10-31 09279717 d:CurrentFinancialInstruments 2023-10-31 09279717 d:Non-currentFinancialInstruments 2024-10-31 09279717 d:Non-currentFinancialInstruments 2023-10-31 09279717 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 09279717 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09279717 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 09279717 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09279717 d:ShareCapital 2024-10-31 09279717 d:ShareCapital 2023-10-31 09279717 d:RetainedEarningsAccumulatedLosses 2024-10-31 09279717 d:RetainedEarningsAccumulatedLosses 2023-10-31 09279717 c:OrdinaryShareClass1 2023-11-01 2024-10-31 09279717 c:OrdinaryShareClass1 2024-10-31 09279717 c:OrdinaryShareClass1 2023-10-31 09279717 c:FRS102 2023-11-01 2024-10-31 09279717 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09279717 c:FullAccounts 2023-11-01 2024-10-31 09279717 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09279717 d:HirePurchaseContracts d:WithinOneYear 2024-10-31 09279717 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 09279717 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-10-31 09279717 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 09279717 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 09279717 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 09279717 d:RetirementBenefitObligationsDeferredTax 2024-10-31 09279717 d:RetirementBenefitObligationsDeferredTax 2023-10-31 09279717 2 2023-11-01 2024-10-31 09279717 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2024-10-31 09279717 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-10-31 09279717 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09279717









POWER DISTRIBUTION SUPPORT LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
POWER DISTRIBUTION SUPPORT LTD
REGISTERED NUMBER: 09279717

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,945,878
1,788,262

Current assets
  

Stocks
  
172,605
293,771

Debtors: amounts falling due within one year
 5 
1,987,832
1,179,994

Cash at bank
  
466,401
276,828

Current liabilites
  
2,626,838
1,750,593

Creditors: amounts falling due within one year
 6 
(1,224,305)
(990,204)

Net current assets
  
 
 
1,402,533
 
 
760,389

Total assets less current liabilities
  
3,348,411
2,548,651

Creditors: amounts falling due after more than one year
 7 
(508,252)
(369,954)

Provisions for liabilities
  

Deferred tax
 9 
(443,857)
(417,632)

Net assets
  
2,396,302
1,761,065


Capital and reserves
  

Called up share capital 
 10 
10
10

Profit and loss account
  
2,396,292
1,761,055

  
2,396,302
1,761,065

Page 1

 
POWER DISTRIBUTION SUPPORT LTD
REGISTERED NUMBER: 09279717

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr J J Manning
Director

Date: 27 July 2025

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
POWER DISTRIBUTION SUPPORT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Power Distribution Support Ltd is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is 128 Station Road, Willingham, Cambridge, CB24 5HG. This Company is not part of a group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.
Page 3

 
POWER DISTRIBUTION SUPPORT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Plant and machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
Office equipment
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Page 4

 
POWER DISTRIBUTION SUPPORT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
POWER DISTRIBUTION SUPPORT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Current and deferred 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.

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

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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 63 (2023 - 51).

Page 6

 
POWER DISTRIBUTION SUPPORT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost 


At 1 November 2023
81,868
2,948,826
3,030,694


Additions
-
991,579
991,579


Disposals
-
(599,239)
(599,239)



At 31 October 2024

81,868
3,341,166
3,423,034



Depreciation


At 1 November 2023
-
1,242,432
1,242,432


Charge for the year on owned assets
-
174,410
174,410


Charge for the year on financed assets
-
391,200
391,200


Disposals
-
(330,886)
(330,886)



At 31 October 2024

-
1,477,156
1,477,156



Net book value



At 31 October 2024
81,868
1,864,010
1,945,878



At 31 October 2023
81,868
1,706,394
1,788,262

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Other fixed assets
1,223,558
1,144,105

Page 7

 
POWER DISTRIBUTION SUPPORT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,964,494
767,475

Other debtors
10,229
-

Prepayments and accrued income
13,109
412,519

1,987,832
1,179,994



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
8,333

Trade creditors
130,056
187,981

Corporation tax
235,894
19,889

Other taxation and social security
162,659
125,952

Obligations under finance lease and hire purchase contracts
555,814
411,793

Other creditors
135,389
228,622

Accruals and deferrred income
4,493
7,634

1,224,305
990,204



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
508,252
369,954


Included within creditors are secured debts amounting to £1,064,066 (2023 - £781,747) which are secured via a fixed charge on the assets to which they relate.
 
Also included within creditors are secured debts amounting to £Nil (2023 - £8,333) which are secured via a fixed and floating charge on the Company’s assets.


8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
555,814
411,793

Between 1-5 years
508,252
369,954

1,064,066
781,747
Page 8

 
POWER DISTRIBUTION SUPPORT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
(417,632)
(382,860)


Charged to profit or loss
(26,225)
(34,772)



At end of year
(443,857)
(417,632)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(446,183)
(419,558)

Pension surplus
2,326
1,926

(443,857)
(417,632)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) Ordinary shares of £1.00 each
10
10



11.


Pension commitments

The Company operated a defined contributions pension scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £191,014 (2023 - £78,780). Contributions payable of £18,730 (2023 - £15,470) were payable to the fund at the balance sheet date.


12.


Related party transactions

During the year the Company operated a loan with the director of the Company. The amount payable to the director of the Company at the year end was £50,308 (2023 - £170,236). This loan is interest free and repayable on demand.


Page 9