PDQ Spares Limited,Ltd - AccountsLtd - Accounts

PDQ Spares Limited,Ltd - AccountsLtd - Accounts

PDQ SPARES LIMITED - Company Information

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2017-05-01 03548558 2018-04-30 03548558 2017-05-01 2018-04-30 03548558 2017-04-30 03548558 2016-05-01 2017-04-30 03548558 uk-core:WithinOneYear 2017-04-30 03548558 uk-core:WithinOneYear 2018-04-30 03548558 uk-core:ShareCapital 2018-04-30 03548558 uk-core:ShareCapital 2017-04-30 03548558 uk-core:RetainedEarningsAccumulatedLosses 2018-04-30 03548558 uk-core:RetainedEarningsAccumulatedLosses 2017-04-30 03548558 uk-bus:Director1 2017-05-01 2018-04-30 03548558 uk-core:Buildings 2017-05-01 2018-04-30 03548558 uk-core:PlantMachinery 2017-05-01 2018-04-30 03548558 uk-core:CommercialMotorVehicles 2017-05-01 2018-04-30 03548558 uk-core:FurnitureFittings 2017-05-01 2018-04-30 03548558 uk-core:FurnitureFittings 2017-04-30 03548558 uk-core:CommercialMotorVehicles 2017-04-30 03548558 uk-core:Buildings 2017-04-30 03548558 uk-core:Buildings 2018-04-30 03548558 uk-core:CommercialMotorVehicles 2018-04-30 03548558 uk-core:FurnitureFittings 2018-04-30 03548558 uk-core:WithinOneYear 2018-04-30 03548558 uk-core:WithinOneYear 2017-04-30 iso4217:GBP 03548558 uk-bus:AuditExemptWithAccountantsReport 2017-05-01 2018-04-30 03548558 uk-bus:FRS102 2017-05-01 2018-04-30 03548558 uk-bus:FullAccounts 2017-05-01 2018-04-30 03548558 uk-bus:PrivateLimitedCompanyLtd 2017-05-01 2018-04-30
PDQ Spares Limited
Registered Number:03548558
For the year ended 30 April 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2018
PDQ Spares Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 April 2018
PDQ Spares Limited
Statement of Financial Position
Registered Number :
03548558
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
30,490
21,355
2
30,490
21,355
Current assets
Inventories
164,400
189,230
3
Trade and other receivables
60,808
81,620
4
204,501
Cash and cash equivalents
256,679
527,529
429,709
Trade and other payables: amounts falling due within one
year
(99,187)
(103,553)
5
330,522
423,976
Net current assets
Total assets less current liabilities
454,466
351,877
(1,162)
(1,162)
Provisions for liabilities
453,304
Net assets
350,715
Capital and reserves
Called up share capital
100
100
Retained earnings
453,204
350,615
453,304
350,715
Shareholders' funds
For the year ended 30 April 2018 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 2018 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 22 June 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2018
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.
2 of 3
5
For the year ended 30 April 2018
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 2017
64,436
33,890
2,500
28,046
22,052
974
21,078
-
Additions
-
(8,500)
-
Disposals
(8,500)
At 30 April 2018
28,046
15,078
34,864
77,988
Provision for depreciation and impairment
At 01 May 2017
43,081
28,632
1,445
13,004
Charge for year
4,417
935
3,408
74
At 30 April 2018
47,498
29,567
4,853
13,078
At 30 April 2018
Net book value
14,968
10,225
5,297
30,490
At 30 April 2017
15,042
1,055
5,258
21,355
3. Inventories
2017
2018
£
£
Stocks
189,230
164,400
4. Trade and other receivables
2017
2018
£
£
Trade debtors
73,273
58,658
Other debtors
8,347
2,150
60,808
81,620
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Bank loans and overdraft
22,792
8,234
Trade creditors
8,934
21,033
Taxation and social security
62,184
68,975
Other creditors
9,643
945
103,553
99,187
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