Registered Number 07195492

PDL (BOURNEMOUTH) LIMITED

Abbreviated Accounts

31 March 2015

PDL (BOURNEMOUTH) LIMITED Registered Number 07195492

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 21,259 15,772
21,259 15,772
Current assets
Stocks 7,833 2,382
Debtors 37,034 20,444
Cash at bank and in hand 103,894 69,935
148,761 92,761
Creditors: amounts falling due within one year 3 (82,524) (61,985)
Net current assets (liabilities) 66,237 30,776
Total assets less current liabilities 87,496 46,548
Creditors: amounts falling due after more than one year 3 (4,806) (6,447)
Provisions for liabilities (6,288) (11,310)
Total net assets (liabilities) 76,402 28,791
Capital and reserves
Called up share capital 4 168 252
Other reserves 84 0
Profit and loss account 76,150 28,539
Shareholders' funds 76,402 28,791
  • For the year ending 31 March 2015 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 22 December 2015

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 2015

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.

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

Other accounting policies
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.

2Tangible fixed assets
£
Cost
At 1 April 2014 26,513
Additions 13,594
Disposals -
Revaluations -
Transfers -
At 31 March 2015 40,107
Depreciation
At 1 April 2014 10,741
Charge for the year 8,107
On disposals -
At 31 March 2015 18,848
Net book values
At 31 March 2015 21,259
At 31 March 2014 15,772
3Creditors
2015
£
2014
£
Secured Debts 4,806 6,447
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
168 Ordinary shares of £1 each (252 shares for 2014) 168 252