PD Construction & Development Ltd - Period Ending 2016-07-31

Registration number: 05879363

PD Construction & Development Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Aims Accountants
Chartered Accountants
Tudor House
The Green
Great Bentley
Colchester
Essex
CO7 8PG

PD Construction & Development Ltd
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 Director on the Preparation of the Unaudited Statutory Accounts of
PD Construction & Development Ltd
for the Year Ended 31 July 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PD Construction & Development Ltd for the year ended 31 July 2016 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 http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of PD Construction & Development Ltd, 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 PD Construction & Development Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PD Construction & Development Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that PD Construction & Development Ltd 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 PD Construction & Development Ltd. You consider that PD Construction & Development Ltd 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 PD Construction & Development Ltd. 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.

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

Aims Accountants
Chartered Accountants
Tudor House
The Green
Great Bentley
Colchester
Essex
CO7 8PG

24 March 2017

Page 1

PD Construction & Development Ltd
(Registration number: 05879363)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					170,011			170,011
Current assets
Debtors					-			410
Cash at bank and in hand					20,455			14,990
					20,455			15,400
Creditors: Amounts falling due within one year					(2,925)			(2,904)
Net current assets					17,530			12,496
Total assets less current liabilities					187,541			182,507
Creditors: Amounts falling due after more than one year					(154,484)			(154,483)
Net assets					33,057			28,024
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					32,957			27,924
Shareholders' funds					33,057			28,024

For the year ending 31 July 2016 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 director acknowledges his 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 director on 24 March 2017

.........................................
Mr P D Wright
Director

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

PD Construction & Development Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... 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 January 2015).

Depreciation

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

Asset class	Depreciation method and rate
Land & Buildings	No Depreciation

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2015		170,011			170,011
At 31 July 2016		170,011			170,011
Depreciation
At 31 July 2016		-			-
Net book value
At 31 July 2016		170,011			170,011
At 31 July 2015		170,011			170,011

Page 3

PD Construction & Development Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each of £1 each		100			100			100			100

Page 4