Pedrollo Distribution Limited - Accounts to registrar - small 17.2

Pedrollo Distribution Limited - Accounts to registrar - small 17.2

PEDROLLO DISTRIBUTION LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.2.1.52 02829921 Board of Directors 1.1.16 31.12.16 31.12.16 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure028299212015-12-31028299212016-12-31028299212016-01-012016-12-31028299212014-12-31028299212015-01-012015-12-31028299212015-12-3102829921ns15:EnglandWales2016-01-012016-12-3102829921ns14:PoundSterling2016-01-012016-12-3102829921ns10:Director12016-01-012016-12-3102829921ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3102829921ns10:SmallEntities2016-01-012016-12-3102829921ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3102829921ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3102829921ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3102829921ns10:AbridgedAccounts2016-01-012016-12-3102829921ns10:OrdinaryShareClass12016-01-012016-12-3102829921ns10:Director22016-01-012016-12-3102829921ns10:CompanySecretary12016-01-012016-12-3102829921ns10:RegisteredOffice2016-01-012016-12-3102829921ns5:CurrentFinancialInstruments2016-12-3102829921ns5:CurrentFinancialInstruments2015-12-3102829921ns5:ShareCapital2016-12-3102829921ns5:ShareCapital2015-12-3102829921ns5:RetainedEarningsAccumulatedLosses2016-12-3102829921ns5:RetainedEarningsAccumulatedLosses2015-12-3102829921ns5:PlantMachinery2016-01-012016-12-3102829921ns10:OrdinaryShareClass12016-12-31


REGISTERED NUMBER: 02829921 (England and Wales)















PEDROLLO DISTRIBUTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016






PEDROLLO DISTRIBUTION LIMITED (REGISTERED NUMBER: 02829921)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


PEDROLLO DISTRIBUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: C Biglin
T Buckley



SECRETARY: J M Snowdon



REGISTERED OFFICE: Crossfield Fort
Crossfield Road Industrial Estate
Lichfield
WS13 6RJ



REGISTERED NUMBER: 02829921 (England and Wales)



ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET



BANKERS: National Westminster Bank Plc
6 The Parade
Sutton Coldfield
West Midlands
B72 1PA
Page 1
PEDROLLO DISTRIBUTION LIMITED (REGISTERED NUMBER: 02829921)

ABRIDGED BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,502 166,727

CURRENT ASSETS
Stocks 528,502 483,007
Debtors 438,915 342,010
Cash at bank and in hand 395,013 221,504
1,362,430 1,046,521
CREDITORS
Amounts falling due within one year 771,168 538,693
NET CURRENT ASSETS 591,262 507,828
TOTAL ASSETS LESS CURRENT
LIABILITIES
728,764
674,555

PROVISIONS FOR LIABILITIES 5,564 1,880
NET ASSETS 723,200 672,675

CAPITAL AND RESERVES
Called up share capital 5 51 51
Retained earnings 723,149 672,624
SHAREHOLDERS' FUNDS 723,200 672,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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
Sections 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.

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 September 2017 and were signed on its behalf
by:





C Biglin - Director


The notes form part of these financial statements

Page 2
PEDROLLO DISTRIBUTION LIMITED (REGISTERED NUMBER: 02829921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Pedrollo Distribution Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and Property Improvements 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or
past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and
laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial
statements of current and previous periods. It is recognised in respect of all timing differences, with certain
exceptions. Timing differences are differences between taxable profits and total comprehensive income as
stated in the financial statements that arise from the inclusion of income and expense in tax assessments in
periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and
other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against
the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued
non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances
that apply to the sale of the asset.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases
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 the shorter.

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

Page 3 continued...
PEDROLLO DISTRIBUTION LIMITED (REGISTERED NUMBER: 02829921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

2. ACCOUNTING POLICIES - continued

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees
are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed
as they become payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016 247,150
Additions 14,063
Disposals (10,000 )
At 31 December 2016 251,213
DEPRECIATION
At 1 January 2016 80,423
Charge for year 33,496
Eliminated on disposal (208 )
At 31 December 2016 113,711
NET BOOK VALUE
At 31 December 2016 137,502
At 31 December 2015 166,727

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
51 Ordinary shares £1 51 51

Page 4