PDQ Storage Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05869277 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

PDQ Storage Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Hopkins

Mr D Hopkins

SECRETARY:

Mrs T Hopkins

REGISTERED OFFICE:

Higher Flax Mills

Torbay Road

Castle Cary

Somerset

BA7 7DY

REGISTERED NUMBER:

05869277 (England and Wales)

ACCOUNTANTS:

ARC & Co. Accountants Limited

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

FIXED ASSETS

Tangible assets

4

118,900

206,082

CURRENT ASSETS

Debtors

5

3,972

5,089

Cash at bank

-

2,237

3,972

7,326

CREDITORS

Amounts falling due within one year

6

69,345

156,982

NET CURRENT LIABILITIES

(65,373

)

(149,656

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

53,527

56,426

CREDITORS

Amounts falling due after more than one
year

7

7,900

14,200

NET ASSETS

45,627

42,226

CAPITAL AND RESERVES

Called up share capital

9

101

100

Retained earnings

10

45,526

42,126

SHAREHOLDERS' FUNDS

45,627

42,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr A Hopkins - Director

1.	STATUTORY INFORMATION

PDQ Storage Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Short leasehold

-

2% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

Motor

property

leasehold

machinery

vehicles

Totals

£

COST

At 1 January 2024

200,000

45,000

3,821

3,000

251,821

Disposals

(100,000

)

-

(100,000

)

At 31 December 2024

100,000

45,000

3,821

3,000

151,821

DEPRECIATION

At 1 January 2024

32,000

7,200

3,606

2,933

45,739

Charge for year

2,000

900

215

67

3,182

Eliminated on disposal

(16,000

)

-

(16,000

)

At 31 December 2024

18,000

8,100

3,821

3,000

32,921

NET BOOK VALUE

At 31 December 2024

82,000

36,900

-

118,900

At 31 December 2023

168,000

37,800

215

67

206,082

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

3,972

5,089

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

13,666

25,432

Corporation tax

1,544

1,886

VAT

471

978

Directors' current accounts

52,614

127,686

Accrued expenses

1,050

1,000

69,345

156,982

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

7,900

14,200

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank loans

14,225

39,632

The bank loan is secured by way of a legal charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary A shares

£1

100

-

1

Ordinary B shares

£1

1

-

101

-

The following shares were issued during the year for cash at par :

1 Ordinary B share of £1

On 31 December 2023 there were 100 Ordinary shares. During the year these were reclassified as 100 Ordinary A shares.

10.

RESERVES

Retained

earnings

£

At 1 January 2024

42,126

Profit for the year

3,400

At 31 December 2024

45,526

11.	RELATED PARTY DISCLOSURES

During the year the director, Mr A Hopkins, made withdrawals from his account of £75,072. The balance on his account at 31 December 2024 was £52,614 in credit (2023 - £127,686).

12.	ULTIMATE CONTROLLING PARTY

Mr A Hopkins is the ultimate controlling party by virtue of his holding all of the company's issued share capital.