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Registered number: 10330792
PDL Construction And Developments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Brisan Accountancy Ltd
Suite 102 Horizon House
Sittingbourne Road
Maidstone
Kent
ME14 3EN
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—8
Page 1
Balance Sheet
Registered number: 10330792
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,480 109,203
Right-of-use Assets 5 51,352 -
93,832 109,203
CURRENT ASSETS
Debtors 6 509,613 257,362
Investments 7 500 500
Cash at bank and in hand 67,856 121,336
577,969 379,198
Creditors: Amounts Falling Due Within One Year 8 (381,635 ) (184,028 )
NET CURRENT ASSETS (LIABILITIES) 196,334 195,170
TOTAL ASSETS LESS CURRENT LIABILITIES 290,166 304,373
Creditors: Amounts Falling Due After More Than One Year 9 (116,901 ) (143,113 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 12 (6,671 ) (14,331 )
NET ASSETS 166,594 146,929
CAPITAL AND RESERVES
Called up share capital 13 11 11
Profit and Loss Account 166,583 146,918
SHAREHOLDERS' FUNDS 166,594 146,929
Page 1
Page 2
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 Daniel Lovell
Director
Mr Paul Whittington
Director
12 August 2026
The notes on pages 4 to 8 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2024 11 161,796 161,807
Profit for the year and total comprehensive income - 44,572 44,572
Dividends paid - (59,450) (59,450)
As at 31 March 2025 and 1 April 2025 11 146,918 146,929
Profit for the year and total comprehensive income - 95,413 95,413
Dividends paid - (75,748) (75,748)
As at 31 March 2026 11 166,583 166,594
Page 3
Page 4
Notes to the Financial Statements
1. General Information
PDL Construction And Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10330792 . The registered office is Unit 9, Palace Industrial Estate, Bircholt Road, Parkwood, Maidstone, ME15 9XU.
2. Accounting Policies
2.1. Early Adoption of Amendments to FRS 102 (Periodic Review 2024)
The company has early adopted the amendments to FRS 102, arising from the Financial Reporting Council's Periodic Review 2024, issued in March 2024. These amendments are effective for accounting periods beginning on or after 1 January 2026, but the company has elected to apply them in these financial statements for the year ended 31 March 2026.
The amendments primarily affect the company's accounting for lease accounting.
The impact of early adoption has resulted in leased vehicles with a cost of £77,646 being recognised on the balance sheet.
Further details of the transition and the effect on the financial statements are provided in the notes.
2.2. 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.
2.3. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
In assessing whether the going concern assumption is appropriate, the directors have considered all available information about the future, which is at least, but is not limited to, 12 months from the date when the financial statements are authorised for issue.
2.4. 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.
2.5. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 15% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 20% on cost
2.6. Leases
Leased assets are recognised on the balance sheet as a right-of-use asset along with the corresponding liability.
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2.7. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 15,032 126,014 1,745 4,604 147,395
Additions - 9,995 - 3,924 13,919
Disposals - (20,780 ) - - (20,780 )
Transfers - (66,734 ) - - (66,734 )
As at 31 March 2026 15,032 48,495 1,745 8,528 73,800
Depreciation
As at 1 April 2025 5,927 27,794 1,199 3,272 38,192
Provided during the period 2,276 6,606 137 1,343 10,362
Disposals - (7,064 ) - - (7,064 )
Transfers - (10,170 ) - - (10,170 )
As at 31 March 2026 8,203 17,166 1,336 4,615 31,320
Net Book Value
As at 31 March 2026 6,829 31,329 409 3,913 42,480
As at 1 April 2025 9,105 98,220 546 1,332 109,203
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2026 2025
£ £
Motor Vehicles 65,669 74,298
5. Right-of-use Assets
Motor Vehicles
£
Cost
As at 1 April 2025 -
Additions 10,912
Transfers 66,734
As at 31 March 2026 77,646
Depreciation
As at 1 April 2025 -
Provided during the period 16,124
Transfers 10,170
As at 31 March 2026 26,294
Net Book Value
As at 31 March 2026 51,352
As at 1 April 2025 -
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 433,865 184,906
Prepayments and accrued income 32,689 33,183
Other debtors 9,887 3,838
VAT 4,900 7,163
481,341 229,090
Due after more than one year
Amounts owed by group undertakings 28,272 28,272
509,613 257,362
7. Current Asset Investments
2026 2025
£ £
Unlisted investments 500 500
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8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 16,626 12,554
Lease liabilities 2,728 -
Trade creditors 272,324 114,343
Bank loans and overdrafts 23,387 21,648
Corporation tax 22,869 13,809
Other taxes and social security 15,475 7,317
Credit card 17,786 3,894
Directors' loan accounts 10,440 10,463
381,635 184,028
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 47,122 54,971
Lease liabilities 5,092 -
Bank loans 64,687 88,142
116,901 143,113
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 20,555 16,736
Later than one year and not later than five years 51,906 62,496
72,461 79,232
Less: Finance charges allocated to future periods 8,713 11,707
63,748 67,525
11. Lease Liabilities
2026 2025
£ £
Not later than one year 3,119 -
Later than one year and not later than five years 5,458 -
8,577 -
Less: Finance charges allocated to future periods (757) -
7,820 -
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12. Deferred Taxation
The provision for deferred tax is made up as follows:
2026 2025
£ £
Other timing differences 6,671 14,331
13. Share Capital
2026 2025
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 1.000 each 1 1
10 Ordinary B shares of £ 1.000 each 10 10
11 11
14. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans due to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mr Daniel Lovell 10,463 56 33 - 10,440
The above loan is unsecured, interest free, repayable on demand and ranks equally with other unsecured creditors of the company.
15. Dividends
2026 2025
£ £
On equity shares:
Interim dividend paid 75,748 59,450
16. Ultimate Controlling Party
The company's ultimate controlling party is Mr D Lovell by virtue of his ownership of 100% of the issued voting share capital in the company.
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