Registered Number 07195492

PDL (BOURNEMOUTH) LIMITED

Abbreviated Accounts

31 March 2013

PDL (BOURNEMOUTH) LIMITED Registered Number 07195492

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 6,470 9,670
6,470 9,670
Current assets
Stocks 9,766 53
Debtors 22,950 20,860
Cash at bank and in hand 31,669 59,511
64,385 80,424
Creditors: amounts falling due within one year 3 (35,462) (36,401)
Net current assets (liabilities) 28,923 44,023
Total assets less current liabilities 35,393 53,693
Creditors: amounts falling due after more than one year 3 (6,016) (8,916)
Provisions for liabilities (14,450) (19,304)
Total net assets (liabilities) 14,927 25,473
Capital and reserves
Called up share capital 4 252 250
Profit and loss account 14,675 25,223
Shareholders' funds 14,927 25,473
  • For the year ending 31 March 2013 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 December 2013

And signed on their behalf by:
Thomas Mackin, Director

PDL (BOURNEMOUTH) LIMITED Registered Number 07195492

Notes to the Abbreviated Accounts for the period ended 31 March 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared on the historical cost basis of accounting and have been
prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.

Stocks

Stock and work in progress is valued at the lower of cost and estimated net realisable value.
Cost of raw materials is determined on the first in first out basis. In the case of work in progress and finished goods, cost includes all direct expenditure and production overheads based on the normal level of activity. Net realisable value is the price at which the stock can be released in the normal course of business, less further costs to completion of sale.

Deferred taxation

Deferred tax is provided in respect of the tax effect of all timing differences that have originated but
not reversed at the balance sheet date.

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as 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 tax is measured on a nondiscounted basis, at the average tax rates that are expected to
apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and lease transactions

Assets acquired under hire purchase agreements and finance leases are capitalised in the balance sheet and are depreciated in accordance with the company's normal policy. The outstanding liabilities under such agreements less interest not yet due are included in creditors. Interest on such agreements is charged to the profit and loss account over the term of each agreement and represents a constant proportion of the balance of capital repayments outstanding.
Rentals under operating leases are charged to the profit and loss account as they fall due.

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Motor vehicles 25% on cost
Equipment, fixtures and fittings 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2012 12,894
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2013 12,894
Depreciation
At 1 April 2012 3,224
Charge for the year 3,200
On disposals -
At 31 March 2013 6,424
Net book values
At 31 March 2013 6,470
At 31 March 2012 9,670
3Creditors
2013
£
2012
£
Secured Debts 6,016 8,916
4Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
102 A Ordinary shares of £1 each (100 shares for 2012) 102 100
50 B Ordinary shares of £1 each 50 50
50 C Ordinary shares of £1 each 50 50
50 D Ordinary shares of £1 each 50 50

During the year the company issued 2 Ordinary A shares at par for cash

5Transactions with directors

Name of director receiving advance or credit: T Mackin
Description of the transaction: Loan
Balance at 1 April 2012: £ 9,996
Advances or credits made: -
Advances or credits repaid: £ 5,324
Balance at 31 March 2013: £ 4,672