PDQ Spares Limited,Ltd - AccountsLtd - Accounts

PDQ Spares Limited,Ltd - AccountsLtd - Accounts

PDQ SPARES LIMITED - Company Information

Print Friendly Version

2021-05-01 03548558 2022-04-30 03548558 2021-05-01 2022-04-30 03548558 2021-04-30 03548558 2020-05-01 2021-04-30 03548558 uk-core:WithinOneYear 2021-04-30 03548558 uk-core:WithinOneYear 2022-04-30 03548558 uk-core:ShareCapital 2022-04-30 03548558 uk-core:ShareCapital 2021-04-30 03548558 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 03548558 uk-core:RetainedEarningsAccumulatedLosses 2021-04-30 03548558 uk-bus:Director1 2021-05-01 2022-04-30 03548558 uk-core:Buildings 2021-05-01 2022-04-30 03548558 uk-core:PlantMachinery 2021-05-01 2022-04-30 03548558 uk-core:CommercialMotorVehicles 2021-05-01 2022-04-30 03548558 uk-core:FurnitureFittings 2021-05-01 2022-04-30 03548558 uk-core:FurnitureFittings 2021-04-30 03548558 uk-core:CommercialMotorVehicles 2021-04-30 03548558 uk-core:Buildings 2021-04-30 03548558 uk-core:Buildings 2022-04-30 03548558 uk-core:CommercialMotorVehicles 2022-04-30 03548558 uk-core:FurnitureFittings 2022-04-30 iso4217:GBP xbrli:pure 03548558 uk-bus:AuditExemptWithAccountantsReport 2021-05-01 2022-04-30 03548558 uk-bus:FRS102 2021-05-01 2022-04-30 03548558 uk-bus:FullAccounts 2021-05-01 2022-04-30 03548558 uk-bus:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30
PDQ Spares Limited
Registered Number:03548558
For the year ended 30 April 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2022
PDQ Spares Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
03548558
As at 30 April 2022
PDQ Spares Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
37,085
27,084
2
37,085
27,084
Current assets
Inventories
182,521
171,000
3
Trade and other receivables
53,779
46,111
4
455,238
Cash and cash equivalents
527,765
744,876
691,538
Trade and other payables: amounts falling due within one
year
(72,774)
(70,167)
5
618,764
674,709
Net current assets
Total assets less current liabilities
711,794
645,848
(4,918)
(4,857)
Provisions for liabilities
706,876
Net assets
640,991
Capital and reserves
Called up share capital
100
100
Retained earnings
706,776
640,891
706,876
640,991
Shareholders' funds
For the year ended 30 April 2022 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 of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Mark Raffo Director
These financial statements were approved and authorised for issue by the Board on 07 July 2022 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 30 April 2022
PDQ Spares Limited
Notes to the Financial Statements
Statutory Information
PDQ Spares Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03548558.
Registered address:
Unit 28 Jessops Riverside
800 Brightside Lane
Sheffield
S9 2RX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Reducing balance
Plant and machinery
15% Reducing balance
20% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 30 April 2022
PDQ Spares Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 May 2021
88,116
47,492
12,578
28,046
19,500
-
19,500
-
Additions
-
(12,578)
-
Disposals
(12,578)
At 30 April 2022
28,046
19,500
47,492
95,038
Provision for depreciation and impairment
At 01 May 2021
61,032
35,301
8,598
17,133
Charge for year
5,519
1,828
2,600
1,091
(8,598)
-
(8,598)
-
On disposal
At 30 April 2022
57,953
37,129
2,600
18,224
At 30 April 2022
Net book value
9,822
16,900
10,363
37,085
At 30 April 2021
10,913
3,980
12,191
27,084
3. Inventories
2021
2022
£
£
Stocks
171,000
182,521
4. Trade and other receivables
2021
2022
£
£
Trade debtors
45,909
53,296
Other debtors
202
483
53,779
46,111
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
2,118
2,838
Taxation and social security
54,189
67,282
Other creditors
13,860
2,654
70,167
72,774
3 of 4
6
For the year ended 30 April 2022
PDQ Spares Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 1 (2021 : 3)
4 of 4