PDP Property Services Limited

In accordance with your instructions, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the Company which comprise the Profit and Loss Account and Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the Company’s Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s Board of Directors, as a body, for our work or for this report.

You have acknowledged on the balance sheet your duty to ensure that the Company has kept proper accounting records and to prepare financial statements for the year ended 31st October 2013 that give a true and fair view under the Companies Act 2006. You consider that the Company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Holden & Company

11/03/2015

Holden & Company

Certified Practising Accountants

50 - 54 Berry Lane

Longridge

Preston

Lancashire

PR3 3JP

		2014		2013
	Notes	£	£	£	£
FIXED ASSETS
Intangible assets	2		19,500		26,000
Tangible assets	3		12,450		8,730

			31,950		34,730
CURRENT ASSETS
Stocks		7,876		3,990
Debtors		46,874		24,702
Cash at bank and in hand		42,114		40,784

		96,864		69,476
Creditors: Amounts Falling Due Within One Year		(52,285)		(71,257)

NET CURRENT ASSETS (LIABILITIES)			44,579		(1,781)

TOTAL ASSETS LESS CURRENT LIABILITIES			76,529		32,949

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,247)		(1,449)

NET ASSETS			74,282		31,500

CAPITAL AND RESERVES
Called up share capital	4		100		100
Profit and Loss account			74,182		31,400

SHAREHOLDERS' FUNDS			74,282		31,500

For the year ending 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr Michael Acton

11/03/2015

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and adjusted for work in progress.

Intangible Fixed Assets and Amortisation - Goodwill

Goodwill purchased by the Company on acquisition of the business in 2007 is being amortised evenly, over its estimated useful life of 10 years.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, over their expected useful lives on the following bases:

Plant & Machinery	25% Straight Line
Motor Vehicles	20% Straight Line

Stocks and Work in Progress

Stock and work in progress are valued at the lower of cost and net realisable value.

Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Page 4

PDP Property Services Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 October 2014

Intangible Assets


	Total
Cost	£
As at 1 November 2013	65,000

As at 31 October 2014	65,000

Amortisation
As at 1 November 2013	39,000
Provided during the period	6,500

As at 31 October 2014	45,500

Net Book Value
As at 31 October 2014	19,500

As at 1 November 2013	26,000

Tangible Assets


	Total
Cost	£
As at 1 November 2013	16,129
Additions	7,550

As at 31 October 2014	23,679

Depreciation
As at 1 November 2013	7,399
Provided during the period	3,830

As at 31 October 2014	11,229

Net Book Value
As at 31 October 2014	12,450

As at 1 November 2013	8,730

Page 5

PDP Property Services Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 October 2014

Share Capital

	Value	Number	2014	2013
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	100	100	100

Ultimate Controlling Party

The controlling party is MJ Acton by virtue of his ownership of 100% of the issued share capital in the Company