PDQ Spares Limited,Ltd - AccountsLtd - Accounts

PDQ Spares Limited,Ltd - AccountsLtd - Accounts

PDQ SPARES LIMITED - Company Information

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2016-05-01 03548558 2017-04-30 03548558 2016-05-01 2017-04-30 03548558 2016-04-30 03548558 2015-05-01 2016-04-30 03548558 uk-core:WithinOneYear 2016-04-30 03548558 uk-core:WithinOneYear 2017-04-30 03548558 uk-core:ShareCapital 2017-04-30 03548558 uk-core:ShareCapital 2016-04-30 03548558 uk-core:RetainedEarningsAccumulatedLosses 2017-04-30 03548558 uk-core:RetainedEarningsAccumulatedLosses 2016-04-30 03548558 uk-bus:Director1 2016-05-01 2017-04-30 03548558 uk-core:Buildings 2016-05-01 2017-04-30 03548558 uk-core:PlantMachinery 2016-05-01 2017-04-30 03548558 uk-core:CommercialMotorVehicles 2016-05-01 2017-04-30 03548558 uk-core:FurnitureFittings 2016-05-01 2017-04-30 03548558 uk-core:FurnitureFittings 2016-04-30 03548558 uk-core:CommercialMotorVehicles 2016-04-30 03548558 uk-core:Buildings 2016-04-30 03548558 uk-core:Buildings 2017-04-30 03548558 uk-core:CommercialMotorVehicles 2017-04-30 03548558 uk-core:FurnitureFittings 2017-04-30 03548558 uk-core:WithinOneYear 2017-04-30 03548558 uk-core:WithinOneYear 2016-04-30 iso4217:GBP 03548558 uk-bus:AuditExemptWithAccountantsReport 2016-05-01 2017-04-30 03548558 uk-bus:FRS102 2016-05-01 2017-04-30 03548558 uk-bus:FullAccounts 2016-05-01 2017-04-30 03548558 uk-bus:PrivateLimitedCompanyLtd 2016-05-01 2017-04-30
PDQ Spares Limited
Registered Number:03548558
For the year ended 30 April 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2017
PDQ Spares Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 April 2017
PDQ Spares Limited
Statement of Financial Position
Registered Number :
03548558
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
21,355
22,551
2
21,355
22,551
Current assets
Inventories
156,300
164,400
Trade and other receivables
103,161
60,808
3
102,056
Cash and cash equivalents
204,501
429,709
361,517
Trade and other payables: amounts falling due within one
year
(129,405)
(99,187)
4
232,112
330,522
Net current assets
Total assets less current liabilities
351,877
254,663
(1,162)
(1,162)
Provisions for liabilities
350,715
Net assets
253,501
Capital and reserves
Called up share capital
100
100
Retained earnings
350,615
253,401
350,715
253,501
Shareholders' funds
For the year ended 30 April 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr Mark Raffo Director
These financial statements were approved and authorised for issue by the Board on 07 June 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2017
PDQ Spares Limited
Notes to the Financial Statements
Statutory Information
PDQ Spares Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03548558.
Registered address:
Unit 28 Jessops Riverside
800 Brightside Lane
Sheffield
S9 2RX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Reducing balance
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 30 April 2017
PDQ Spares Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 May 2016
80,199
33,153
19,000
28,046
737
737
-
-
Additions
-
(16,500)
-
Disposals
(16,500)
At 30 April 2017
28,046
2,500
33,890
64,436
Provision for depreciation and impairment
At 01 May 2016
57,648
27,704
17,022
12,922
Charge for year
1,361
928
351
82
(15,928)
-
(15,928)
-
On disposal
At 30 April 2017
43,081
28,632
1,445
13,004
At 30 April 2017
Net book value
15,042
1,055
5,258
21,355
At 30 April 2016
15,124
1,978
5,449
22,551
3. Trade and other receivables
2016
2017
£
£
Trade debtors
58,658
102,003
Other debtors
2,150
1,158
103,161
60,808
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
8,234
28,337
Trade creditors
21,033
13,126
Taxation and social security
68,975
80,687
Other creditors
945
7,255
99,187
129,405
5. Related party transactions
During the year Property Heatcare Limited a business in which Mark Raffo is a major shareholder purchased
products from the company amounting to £68275 (2015 £67676) and sold products amounting to £5639
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