PDQ_EXPRESS_COURIERS_LIMI - Accounts

PDQ EXPRESS COURIERS LIMITED - Company Information

Print Friendly Version

Company Registration No. 02435087 (England and Wales)

PDQ EXPRESS COURIERS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

PDQ EXPRESS COURIERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PDQ EXPRESS COURIERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

671

328

Current assets

Debtors

86,832

66,896

Cash at bank and in hand

5,006

13,405

91,838

80,301

Creditors: amounts falling due within one year

(34,641)

(24,423)

Net current assets

57,197

55,878

Total assets less current liabilities

57,868

56,206

Capital and reserves

Called up share capital

15,000

Profit and loss account

42,868

41,206

Shareholders' funds

57,868

56,206

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 November 2014

R J Payne

Director

Company Registration No. 02435087

PDQ EXPRESS COURIERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services provided to customers net of VAT and trade discounts. Income is recognised on delivery of the service.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

33.33% reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Fixed assets

Tangible assets

Cost

At 1 April 2013

7,918

Additions

833

Disposals

(451)

At 31 March 2014

8,300

Depreciation

At 1 April 2013

7,590

On disposals

(291)

Charge for the year

330

At 31 March 2014

7,629

Net book value

At 31 March 2014

671

At 31 March 2013

328

PDQ EXPRESS COURIERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

10,000 Ordinary 'A' shares of of £1 each

10,000

5,000 Ordinary 'B' shares of of £1 each

5,000

15,000

The two classes of ordinary share rank pari passu in all respects except that the ordinary 'B' shares carry two votes each and the ordinary 'A' shares only carry one.