P.D.B. Limited Company Accounts

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COMPANY REGISTRATION NUMBER: 01752851

P.D.B. Limited

Filleted Unaudited Financial Statements

31 December 2017

P.D.B. Limited

Financial Statements

Year ended 31st December 2017

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

P.D.B. Limited

Statement of Financial Position

31 December 2017

	2017		2016
Note	£	£	£

Fixed assets

Tangible assets	4		92	184

Current assets

Cash at bank and in hand	15		28

Creditors: amounts falling due within one year	5	959		659
		-----		-----
Net current liabilities			944	631
			-----	-----
Total assets less current liabilities			( 852)	( 447)
			-----	-----
Net liabilities			( 852)	( 447)
			-----	-----

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 854)	( 449)
	-----	-----
Shareholders deficit	( 852)	( 447)
	-----	-----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st December 2017 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 .

P.D.B. Limited

Statement of Financial Position (continued)

31 December 2017

These financial statements were approved by the board of directors and authorised for issue on 25 May 2018 , and are signed on behalf of the board by:

Mr. E. Braithwaite

Director

Company registration number: 01752851

P.D.B. Limited

Notes to the Financial Statements

Year ended 31st December 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Ravenswood Road, Heswall, Wirral, CH61 6UA, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared under the going concern basis. Should this basis not apply, fixed assets would need to be carried at their market value and described as current assets and all liabilities would become current.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	50% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

4. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1st January 2017 and 31st December 2017	4,816	4,816
	--------	--------
Depreciation
At 1st January 2017	4,632	4,632
Charge for the year	92	92
	--------	--------
At 31st December 2017	4,724	4,724
	--------	--------
Carrying amount
At 31st December 2017	92	92
	--------	--------
At 31st December 2016	184	184
	--------	--------

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Accruals and deferred income	300	300
Social security and other taxes	16	16
Director loan accounts	643	343
	-----	-----
	959	659
	-----	-----

6. Going concern

As described in Note 1, the accounts are prepared under the going concern basis. This basis is reliant upon the future financial support of the directors. The directors are willing and financially able to provide this support.

7. Directors' advances, credits and guarantees

There were no director's advances or guarantees during the year.

8. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.