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REGISTERED NUMBER:
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AUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2018 |
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PFF LANCASHIRE LIMITED |
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REGISTERED NUMBER:
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AUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2018 |
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FOR |
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PFF LANCASHIRE LIMITED |
PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 7 |
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PFF LANCASHIRE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditor and |
Chartered Accountants |
123 Wellington Road South |
Stockport |
Cheshire |
SK1 3TH |
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BANKERS: |
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Kings Park Road |
Moulton Park |
Northampton |
NN3 6NW |
PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
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BALANCE SHEET |
31 OCTOBER 2018 |
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31/10/18 | 31/10/17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
( |
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( |
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PROVISIONS FOR LIABILITIES | 8 | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Other reserves |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
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BALANCE SHEET - continued |
31 OCTOBER 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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1. | STATUTORY INFORMATION |
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PFF Lancashire Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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. |
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Revenue recognition |
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to |
customers. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
as 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. Where shares are issued, any |
component that creates a financial liability of the company is presented as a liability in the balance sheet. The |
corresponding dividends relating to the liability component are charged as interest expense in the profit and loss |
account. |
PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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3. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 November 2017 |
and 31 October 2018 |
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DEPRECIATION |
At 1 November 2017 |
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Charge for year |
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At 31 October 2018 |
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NET BOOK VALUE |
At 31 October 2018 |
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At 31 October 2017 |
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4. | DEBTORS |
31/10/18 | 31/10/17 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/10/18 | 31/10/17 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31/10/18 | 31/10/17 |
£ | £ |
Bank loans |
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Amounts owed to group undertakings |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans - over 5 years | 1,729,616 | 1,947,598 |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31/10/18 | 31/10/17 |
£ | £ |
Bank loans |
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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. |
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8. | PROVISIONS FOR LIABILITIES |
31/10/18 | 31/10/17 |
£ | £ |
Deferred tax |
Capital allowances in excess of depreciation |
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Deferred |
tax |
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Balance at 1 November 2017 |
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Credit to Income Statement during year | ( |
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Balance at 31 October 2018 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/10/18 | 31/10/17 |
value: | £ | £ |
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Ordinary 'A' shares | £1 |
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Ordinary 'B' shares | £1 |
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10,000 | 10,000 |
PFF LANCASHIRE LIMITED (REGISTERED NUMBER: 03866206) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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11. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Carden Croft & Company Limited. |
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The ultimate controlling party is
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