Abbreviated Company Accounts - PDS LOGISTICS LIMITED

PDS LOGISTICS LIMITED - Company Information

03013111 PDS LOGISTICS LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 03013111 2013-01-01 2013-12-31 03013111 2013-12-31 03013111 2012-12-31 03013111 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 03013111 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 03013111

PDS LOGISTICS LIMITED

Abbreviated Accounts

31 December 2013

PDS LOGISTICS LIMITED Registered Number 03013111

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	101,633	179,948
Investments	3	140,000	-
		241,633	179,948
Current assets
Debtors		238,410	535,720
Cash at bank and in hand		72,416	231,468
		310,826	767,188
Creditors: amounts falling due within one year	4	(455,115)	(753,803)
Net current assets (liabilities)		(144,289)	13,385
Total assets less current liabilities		97,344	193,333
Creditors: amounts falling due after more than one year	4	(37,500)	-
Provisions for liabilities		-	(13,931)
Total net assets (liabilities)		59,844	179,402
Capital and reserves
Called up share capital	5	30,000	30,000
Profit and loss account		29,844	149,402
Shareholders' funds		59,844	179,402

For the year ending 31 December 2013 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 25 September 2014

And signed on their behalf by:
John Graham McClelland, Director

PDS LOGISTICS LIMITED Registered Number 03013111

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents sale of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements - 15% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension cost and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

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 shorter.

The interest element is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged tot he profit and loss account on a straight line basis over the period of the lease.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Fixed asset investment
Fixed asset investments are shown at cost less provision for impairment.

2Tangible fixed assets

	£
Cost
At 1 January 2013	873,743
Additions	94,797
Disposals	(791,432)
Revaluations	-
Transfers	-
At 31 December 2013	177,108
Depreciation
At 1 January 2013	693,795
Charge for the year	28,090
On disposals	(646,410)
At 31 December 2013	75,475
Net book values
At 31 December 2013	101,633
At 31 December 2012	179,948

3Fixed assets Investments
COST
Additions - 140,000
At 31 December 2013 - 140,000

NET BOOK VALUE
At 31 December 2013 - 140,000

4Creditors

	2013 £	2012 £
Secured Debts	47,500	3,591

5Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
30,000 Ordinary shares of £1 each	30,000	30,000