PDC Security & Leisure Limited - Period Ending 2015-10-31

Registration number: 07052496

PDC Security & Leisure Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015
 

P A Hull & Co
Chartered Accountants
34 Queen Street
Newton Le Willows
Merseyside
WA12 9AZ

PDC Security & Leisure Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
PDC Security & Leisure Limited
for the Year Ended 31 October 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PDC Security & Leisure Limited for the year ended 31 October 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of PDC Security & Leisure Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of PDC Security & Leisure Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PDC Security & Leisure Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that PDC Security & Leisure Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PDC Security & Leisure Limited. You consider that PDC Security & Leisure Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of PDC Security & Leisure Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

P A Hull & Co
Chartered Accountants
34 Queen Street
Newton Le Willows
Merseyside
WA12 9AZ

20 April 2016

Page 1

PDC Security & Leisure Limited
(Registration number: 07052496)
Abbreviated Balance Sheet at 31 October 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					4,000			5,000
Tangible fixed assets					724			3,276
					4,724			8,276
Current assets
Debtors					4,609			3,643
Cash at bank and in hand					587			478
					5,196			4,121
Creditors: Amounts falling due within one year					(10,706)			(11,848)
Net current liabilities					(5,510)			(7,727)
Net (liabilities)/assets					(786)			549
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(886)			449
Shareholders' (deficit)/funds					(786)			549

For the year ending 31 October 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 20 April 2016 and signed on its behalf by:

.........................................
Mrs Daryl Cowley
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

PDC Security & Leisure Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Sales represent the amount of goods and services, net of value added tax and excluding trade discounts and anticipated returns provided to external customers. Revenue is recognised so as to reflect the right of the company to consideration by reference to the value of work performed.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Office Equipment	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

PDC Security & Leisure Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 November 2014		10,000			13,024			23,024
Disposals		-			(9,740)			(9,740)
At 31 October 2015		10,000			3,284			13,284
Depreciation
At 1 November 2014		5,000			9,748			14,748
Charge for the year		1,000			241			1,241
Eliminated on disposals		-			(7,429)			(7,429)
At 31 October 2015		6,000			2,560			8,560
Net book value
At 31 October 2015		4,000			724			4,724
At 31 October 2014		5,000			3,276			8,276

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Mr & Mrs P Cowley (Directors) During the year the company paid dividends to Mr & Mrs Cowley of £20,384 (2014: £19,000).. At the balance sheet date the amount due to Mr & Mrs P Cowley was £3,376 (2014 - £5,376).

Page 4