Pudsey Test & Inspection Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06147312 (England and Wales)

PUDSEY TEST & INSPECTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

7

FIXED ASSETS

Intangible assets

4

87,146

174,294

Tangible assets

5

748,152

675,826

835,298

850,120

CURRENT ASSETS

Debtors

6

221,152

423,245

Cash at bank and in hand

491,201

396,656

712,353

819,901

CREDITORS

Amounts falling due within one year

7

157,405

301,542

NET CURRENT ASSETS

554,948

518,359

TOTAL ASSETS LESS CURRENT LIABILITIES

1,390,246

1,368,479

CREDITORS

Amounts falling due after more than one year

8

(63,044

)

-

PROVISIONS FOR LIABILITIES

(72,840

)

(72,840

)

NET ASSETS

1,254,362

1,295,639

CAPITAL AND RESERVES

Called up share capital

11

10,700

Revaluation reserve

435,214

Retained earnings

808,448

849,725

SHAREHOLDERS' FUNDS

1,254,362

1,295,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 26th May 2026 and were signed on its behalf by:

D J Pailing - Director

1.	STATUTORY INFORMATION

Pudsey Test & Inspection Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06147312

Registered office:

Battye Street

Laisterdyke

Bradford

West Yorkshire

BD4 8AG

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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

When the outcome of a transaction can be estimated reliably, turnover from testing services is recognised by reference to the stage of completion of the test at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is calculated in order to write off each class of asset over its estimated useful economic life.

The rate at which each asset is depreciated is as follows:

Plant and machinery

- 15% reducing balance

Fixtures and fittings

- 20% on cost

Motor vehicles

- 25% on cost

Computer equipment

- 25 % on cost

Freehold property

- 2% on cost

Financial instruments

The company only enters into transactions in 'basic' financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2025 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2025

and 31st March 2026

1,742,955

AMORTISATION

At 1st April 2025

1,568,661

Charge for year

87,148

At 31st March 2026

1,655,809

NET BOOK VALUE

At 31st March 2026

87,146

At 31st March 2025

174,294

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1st April 2025

548,638

701,398

1,250,036

Additions

-

127,165

Disposals

-

(12,050

)

(12,050

)

At 31st March 2026

548,638

816,513

1,365,151

DEPRECIATION

At 1st April 2025

21,946

552,264

574,210

Charge for year

10,972

35,708

46,680

Eliminated on disposal

-

(3,891

)

(3,891

)

At 31st March 2026

32,918

584,081

616,999

NET BOOK VALUE

At 31st March 2026

515,720

232,432

748,152

At 31st March 2025

526,692

149,134

675,826

Cost or valuation at 31st March 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2025

548,638

816,513

1,365,151

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

199,435

394,458

Other debtors

21,717

28,787

221,152

423,245

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Hire purchase contracts (see note 9)

8,163

632

Trade creditors

64,703

96,102

Taxation and social security

58,821

139,741

Other creditors

25,718

65,067

157,405

301,542

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Hire purchase contracts (see note 9)

63,044

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

Net obligations repayable:

Within one year

8,163

632

Between one and five years

63,044

-

71,207

632

Non-cancellable

operating leases

2026

2025

£

Within one year

-

747

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Hire purchase contracts

71,207

632

The items held under hire purchase agreements are secured against the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

10,000

Ordinary

£1

10,000

700

Ordinary A, B, C, D, E, F & G

£1

700

(2025 - 600 )

10,700

12.	RELATED PARTY DISCLOSURES

Included within other debtors is a loan to a director, with an outstanding balance at 31 March 2026 £18,774 (2025: £25,869), carrying interest at 5.5% per annum on normal commercial terms.