Registration number: 05016419

P & D Developments Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

P & D Developments Limited

(Registration number: 05016419)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,799,267	1,434,229
Current assets
Debtors	5	206,351	190,611
Investments	6	260,423	203,678
Cash at bank and in hand		1,056,389	2,018,612
		1,523,163	2,412,901
Creditors: Amounts falling due within one year	7	(810,674)	(2,363,016)
Net current assets		712,489	49,885
Total assets less current liabilities		2,511,756	1,484,114
Creditors: Amounts falling due after more than one year	7	-	(7,171)
Provisions for liabilities		(416,613)	(323,234)
Net assets		2,095,143	1,153,709
Capital and reserves
Called up share capital		2	2
Retained earnings		2,095,141	1,153,707
Shareholders' funds		2,095,143	1,153,709

P & D Developments Limited

(Registration number: 05016419)
Balance Sheet as at 31 March 2025

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.

Directors' 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 directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 October 2025 and signed on its behalf by:
 

......................................... Mr D Murgatroyd Company secretary and director

......................................... Mr P Kinehan Director

P & D Developments 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:
1 Pavilion Square Cricketers Way
Westhoughton
Bolton
Lancashire
BL5 3AJ
United Kingdom

These financial statements were authorised for issue by the Board on 10 October 2025.

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.

Revenue recognition

Turnover represents rental income from hire of equipment, net of VAT and trade discounts. Turnover id recognised to match the period the equipment is out on hire in accordance with the agreement in place with the customer.

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.

P & D Developments Limited

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

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.

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
Plant and machinery	20% straight line
Motor Vehicles	20% straight line
Office equipment	33% straight line
Freehold Property	asset is considered at market value

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

P & D Developments Limited

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

Financial instruments

Classification
The company has elected to apply the provisions of FRS 102 Section 11 “Basic financial instruments” to all of its financial instruments.
 

Current versus non-current classification

Financial instruments that are payable or receivable within one year, typically cash at bank, trade debtors and other debtors, trade creditors, hire purchase agreements and accruals are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Financial instruments that are payable or receivable within one year are measured initially at the net present value of the amount of the future cash or other consideration that is expected to be paid or received and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Computer equipment  £	Motor vehicles  £	Plant and Machinery £	Total £
Cost or valuation
At 1 April 2024	5,175	2,583,034	1,504,594	4,092,803
Additions	-	37,750	865,294	903,044
Disposals	(5,175)	(472,186)	(697,245)	(1,174,606)
At 31 March 2025	-	2,148,598	1,672,643	3,821,241
Depreciation
At 1 April 2024	5,175	1,860,399	793,000	2,658,574
Charge for the year	-	262,702	188,323	451,025
Eliminated on disposal	(5,175)	(435,529)	(646,921)	(1,087,625)
At 31 March 2025	-	1,687,572	334,402	2,021,974
Carrying amount
At 31 March 2025	-	461,026	1,338,241	1,799,267
At 31 March 2024	-	722,635	711,594	1,434,229

P & D Developments Limited

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

5

Debtors

Current	2025 £	2024 £
Trade debtors	198,529	190,595
Prepayments	7,822	16
	206,351	190,611

6	Current asset investments

	2025 £	2024 £
Other investments	260,423	203,678

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		-	19,522
Trade creditors		648,769	747,856
Taxation and social security		161,739	294,567
Accruals and deferred income		-	1,950
Other creditors		166	1,299,121
		810,674	2,363,016

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		-	7,171