|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 OCTOBER 2019 |
|
FOR |
|
PFF LANCASHIRE LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 OCTOBER 2019 |
|
FOR |
|
PFF LANCASHIRE LIMITED |
PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 | to | 3 |
|
Notes to the Financial Statements | 4 | to | 7 |
|
PFF LANCASHIRE LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
AUDITORS: |
|
Statutory Auditor and |
Chartered Accountants |
123 Wellington Road South |
Stockport |
Cheshire |
SK1 3TH |
|
|
|
BANKERS: |
|
Kings Park Road |
Moulton Park |
Northampton |
NN3 6NW |
PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
|
BALANCE SHEET |
31 OCTOBER 2019 |
|
31/10/19 | 31/10/18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
|
|
|
CURRENT ASSETS |
Debtors | 4 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
6 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
|
Other reserves |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
|
BALANCE SHEET - continued |
31 OCTOBER 2019 |
|
|
|
|
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
by: |
|
|
|
|
|
|
|
PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
|
1. | STATUTORY INFORMATION |
|
PFF Lancashire Limited is a
|
company's registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Going concern |
The directors have a reasonable expectation that the company has adequate resources to continue in operational |
existence to the end of its performance contract. The directors have reached this conclusion giving due |
consideration to the projected future performance of the company and any potential risk that might impact the |
company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern |
basis in preparing the financial statements. |
|
Revenue recognition |
Revenue is measured at the fair value of consideration receivable and represents the total amount receivable for |
services performed in the normal course of business, excluding Value Added Tax and trade discounts. |
|
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. |
|
Tangible fixed assets |
|
Land and buildings | - |
|
Plant and machinery etc | - |
|
|
Financial instruments |
A financial asset or liability is recognised only when the entity becomes a party to the contractual provisions of |
the instrument. |
|
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a |
financing transaction, where it is recognised at the present value of the future payments discounted at a market |
rate of interest for a similar debt instrument. |
|
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or |
loss, with the exception of hedging instruments in a designated hedging relationship. |
|
For all equity instruments regardless of significance, and other financial assets that are individually significant, |
these are assessed individually for impairment. Other financial assets are either assessed individually or grouped |
on the basis of similar credit risk characteristics. |
|
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of |
the company after deducting all of its liabilities. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
|
2. | ACCOUNTING POLICIES - continued |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
|
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. |
|
3. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 November 2018 |
and 31 October 2019 |
|
|
|
DEPRECIATION |
At 1 November 2018 |
|
|
|
Charge for year |
|
|
|
At 31 October 2019 |
|
|
|
NET BOOK VALUE |
At 31 October 2019 |
|
|
|
At 31 October 2018 |
|
|
|
|
4. | DEBTORS |
31/10/19 | 31/10/18 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
|
|
|
Amounts falling due after more than one year: |
Other debtors |
|
|
|
Aggregate amounts |
|
|
PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/10/19 | 31/10/18 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31/10/19 | 31/10/18 |
£ | £ |
Bank loans |
|
|
Amounts owed to group undertakings |
|
|
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans - over 5 years | 1,500,814 | 1,729,616 |
|
7. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31/10/19 | 31/10/18 |
£ | £ |
Bank loans |
|
|
|
Bank loans and overdrafts comprise a bank loan from Nationwide Building Society and is secured by way of a |
fixed and floating charge over all of the company's assets. The loan carries a fixed interest rate of 6.6%. The final |
instalment is due on 31st May 2030. |
|
8. | PROVISIONS FOR LIABILITIES |
31/10/19 | 31/10/18 |
£ | £ |
Deferred tax |
Capital allowances in excess of depreciation |
|
|
|
Deferred |
tax |
£ |
Balance at 1 November 2018 |
|
Credit to Income Statement during year | ( |
) |
Balance at 31 October 2019 |
|
PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
|
9. | CALLED UP SHARE CAPITAL |
|
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/10/19 | 31/10/18 |
value: | £ | £ |
|
Ordinary 'A' shares | £1 |
|
|
|
Ordinary 'B' shares | £1 |
|
|
10,000 | 10,000 |
|
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
11. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is Carden Croft & Company Limited. |
|
The ultimate controlling party is
|