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Registered number: 03364112
Professional Circuit Designs Limited
Financial Statements
For The Year Ended 31 March 2026
Cooper Young & Partners Ltd
Chartered Accountants
Hunter House
109 Snakes Lane West
Woodford Green
Essex
IG8 0DY
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr Paul Gamble
Mr Christopher Pawley
Secretary Mr Christopher Pawley
Company Number 03364112
Registered Office Vaughan House
Moorside Road
Winchester
SO23 7SA
Accountants Cooper Young & Partners Ltd
Chartered Accountants
Hunter House
109 Snakes Lane West
Woodford Green
Essex
IG8 0DY
Page 1
Page 2
Balance Sheet
Registered number: 03364112
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 541 722
Tangible Assets 5 18,407 20,714
18,948 21,436
CURRENT ASSETS
Stocks 6 5,284 10,800
Debtors 7 333,298 257,322
Cash at bank and in hand 80,851 51,111
419,433 319,233
Creditors: Amounts Falling Due Within One Year 8 (121,174 ) (121,443 )
NET CURRENT ASSETS (LIABILITIES) 298,259 197,790
TOTAL ASSETS LESS CURRENT LIABILITIES 317,207 219,226
NET ASSETS 317,207 219,226
CAPITAL AND RESERVES
Called up share capital 9 1,500 1,500
Profit and Loss Account 315,707 217,726
SHAREHOLDERS' FUNDS 317,207 219,226
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Gamble
Director
Mr Christopher Pawley
Director
29 May 2026
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Professional Circuit Designs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03364112 . The registered office is Vaughan House, Moorside Road, Winchester, SO23 7SA.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are patents and licences. Amortisation is provided annually at 25% reducing balance in order to write of over its estimated useful life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
The average number of employees, including the directors, during the year was  10 (2025: 10)
10 10
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 April 2025 388,040
As at 31 March 2026 388,040
Amortisation
As at 1 April 2025 387,318
Provided during the period 181
As at 31 March 2026 387,499
Net Book Value
As at 31 March 2026 541
As at 1 April 2025 722
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2025 45,397 119,648 165,045
Additions 321 3,509 3,830
As at 31 March 2026 45,718 123,157 168,875
Depreciation
As at 1 April 2025 39,820 104,511 144,331
Provided during the period 1,475 4,662 6,137
As at 31 March 2026 41,295 109,173 150,468
Net Book Value
As at 31 March 2026 4,423 13,984 18,407
As at 1 April 2025 5,577 15,137 20,714
6. Stocks
2026 2025
£ £
Work in progress 5,284 10,800
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 314,724 238,809
Prepayments and accrued income 9,162 9,101
Other debtors 9,412 9,412
333,298 257,322
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 10,534 8,210
Bank loans and overdrafts 20,060 44,301
Corporation tax 4,085 -
Other taxes and social security 21,820 22,074
VAT 49,493 35,206
Other creditors 7,122 5,839
Accruals and deferred income 8,060 5,813
121,174 121,443
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9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,500 1,500
10. Contingent Liabilities
There were no contingent liabilities at either the beginning or end of the financial year.
11. Capital Commitments
At 31 March 2026 and 31 March 2025 the company had no capital commitments which had been contracted for but not provided in the financial statements.
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