Registered Number 07195492
PDL (BOURNEMOUTH) LIMITED
Abbreviated Accounts
31 March 2013
Notes | 2013 | 2012 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 3 |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 3 |
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Provisions for liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
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
Tangible assets depreciation policy
Motor vehicles 25% on cost
Equipment, fixtures and fittings 25% reducing balance
£ | |
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Cost | |
At 1 April 2012 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2013 |
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Depreciation | |
At 1 April 2012 |
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Charge for the year |
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On disposals |
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At 31 March 2013 |
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Net book values | |
At 31 March 2013 | 6,470 |
At 31 March 2012 | 9,670 |
2013
£ |
2012
£ |
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Secured Debts |
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5Transactions with directors
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 April 2012: | £ |
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Advances or credits made: | ||
Advances or credits repaid: | £ |
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Balance at 31 March 2013: | £ |