PDJ_DEVELOPMENTS_LTD - Accounts

P D J DEVELOPMENTS LIMITED - Company Information

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Company Registration No. 07989418 (England and Wales)

PDJ DEVELOPMENTS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

PDJ DEVELOPMENTS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PDJ DEVELOPMENTS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

21,685

596

Current assets

Stocks

224,476

174,480

Debtors

48,752

34,047

Cash at bank and in hand

145,928

13,377

419,156

221,904

Creditors: amounts falling due within one year

(231,541)

(89,166)

Net current assets

187,615

132,738

Total assets less current liabilities

209,300

133,334

Creditors: amounts falling due after more than one year

(142,264)

209,302

(8,930)

Capital and reserves

Called up share capital

Profit and loss account

209,300

(8,932)

Shareholders' funds

209,302

(8,930)

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.

Directors' responsibilities:

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

The directors acknowledge their 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 19 December 2014

Mr Peter Catt

Director

Company Registration No. 07989418

PDJ DEVELOPMENTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

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 goods and services net of VAT and trade discounts.

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

25% Reducing Balance

Computer equipment

33% Straight Line

Motor vehicles

25% Reducing Balance

1.5

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 April 2013

836

Additions

30,936

Disposals

(2,500)

At 31 March 2014

29,272

Depreciation

At 1 April 2013

240

Charge for the year

7,347

At 31 March 2014

7,587

Net book value

At 31 March 2014

21,685

At 31 March 2013

596

PDJ DEVELOPMENTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary Shares of £1 each