P D Foods (Wholesale) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02002337 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

P D FOODS (WHOLESALE) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Demetrios

SECRETARY:

Mrs D Demetrios

REGISTERED OFFICE:

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

REGISTERED NUMBER:

02002337 (England and Wales)

ACCOUNTANTS:

McLintocks Limited

Chartered Accountants

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Tangible assets

2

178,035

173,557

CURRENT ASSETS

Stocks

9,684

2,201

Debtors

15,288

10,700

Cash in hand

8,059

9,703

33,031

22,604

CREDITORS

Amounts falling due within one year

3

175,767

183,382

NET CURRENT LIABILITIES

(142,736

)

(160,778

)

TOTAL ASSETS LESS CURRENT LIABILITIES

35,299

12,779

CREDITORS

Amounts falling due after more than one year

3

(23,827

)

(6,723

)

PROVISIONS FOR LIABILITIES

(1,829

)

(567

)

NET ASSETS

9,643

5,489

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

9,543

5,389

SHAREHOLDERS' FUNDS

9,643

5,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 December 2015 and were signed by:

P Demetrios - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the value of goods supplied and work done during the year, exclusive of

value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

264,205

Additions

13,366

At 31 March 2015

277,571

DEPRECIATION

At 1 April 2014

90,648

Charge for year

8,888

At 31 March 2015

99,536

NET BOOK VALUE

At 31 March 2015

178,035

At 31 March 2014

173,557

3.

CREDITORS

Creditors include an amount of £ 30,196 (2014 - £ 15,574 ) for which security has been

given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

3,119

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1.00

100

100

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the director .

P Demetrios

2015

2014

£

£

Amount due to related party at the balance sheet date

36,940

32,694