Registration number: 05016419

P & D Developments Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

P & D Developments Limited

(Registration number: 05016419)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	3,069,030	1,799,267
Current assets
Debtors	6	362,953	206,351
Investments	7	-	260,423
Cash at bank and in hand		1,590,510	1,056,389
		1,953,463	1,523,163
Creditors: Amounts falling due within one year	8	(610,514)	(810,674)
Net current assets		1,342,949	712,489
Total assets less current liabilities		4,411,979	2,511,756
Provisions for liabilities		(736,046)	(416,613)
Net assets		3,675,933	2,095,143
Capital and reserves
Called up share capital		2	2
Retained earnings		3,675,931	2,095,141
Shareholders' funds		3,675,933	2,095,143

P & D Developments Limited

(Registration number: 05016419)
Balance Sheet as at 31 March 2026

For the financial 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.

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 16 October 2026 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 2026

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
BL5 3AJ
United Kingdom

These financial statements were authorised for issue by the Board on 16 October 2026.

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.

Changes in accounting estimate

Revision of estimated useful life of plant and machinery

During the year, the company reviewed the estimated useful life of certain items of plant and machinery. Based on current operational experience and expected usage, depreciation rates were revised from 20% on cost to 5% and 10% on cost.

The revision has been accounted for as a change in accounting estimate. It reduced the depreciation charge for the year by £1,355,530 and increased the carrying value of tangible fixed assets at 31 March 2026 by £1,355,530.

The assets subject to the revision of estimated useful life have been reclassified as Speciailst Plant and Machinery. See note 5 for more details.

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.

P & D Developments Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

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.

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:

Depreciation method and rate for Tangible assets
Asset class	Depreciation method and rate
Plant and machinery	20% straight line
Motor Vehicles	20% straight line
Office equipment	33% straight line
Specialist Plant and Machinery	5% and 10% on cost

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.

P & D Developments Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

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.

Financial instruments

The company has taken the option to disclose financial instruments under .

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 (2025 - 2).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	277,164	220,433
Deferred taxation
Arising from origination and reversal of timing differences	319,433	93,379
Tax expense in the income statement	596,597	313,812

P & D Developments Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

5	Tangible assets

	Specialist Plant and Machinery  £	Motor vehicles  £	Plant and Machinery £	Total £
Cost or valuation
At 1 April 2025	-	2,148,598	1,672,643	3,821,241
Additions	436,929	74,306	41,914	553,149
Disposals	-	(179,070)	(29,716)	(208,786)
Transfers	2,966,048	(1,505,000)	(1,461,048)	-
At 31 March 2026	3,402,977	538,834	223,793	4,165,604
Depreciation
At 1 April 2025	-	1,687,572	334,402	2,021,974
Charge for the year	(896,994)	101,728	27,856	(767,410)
Eliminated on disposal	-	(157,000)	(990)	(157,990)
Transfers	1,482,136	(1,276,500)	(205,636)	-
At 31 March 2026	585,142	355,800	155,632	1,096,574
Carrying amount
At 31 March 2026	2,817,835	183,034	68,161	3,069,030
At 31 March 2025	-	461,026	1,338,241	1,799,267

P & D Developments Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

6

Debtors

Current	2026 £	2025 £
Trade debtors	350,012	198,529
Prepayments	12,941	7,822
	362,953	206,351

7	Current asset investments

	2026 £	2025 £
Other investments	-	260,423

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	377,275	648,769
Taxation and social security	233,152	161,739
Other creditors	87	166
	610,514	810,674