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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2017 |
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PDL (CUMBRIA) LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2017 |
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FOR |
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PDL (CUMBRIA) LIMITED |
PDL (CUMBRIA) LIMITED (REGISTERED NUMBER: 04557384) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2017 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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PDL (CUMBRIA) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2017 |
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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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BANKERS: |
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10 Elephants Yard |
Kendal |
Cumbria |
LA9 4LZ |
PDL (CUMBRIA) LIMITED (REGISTERED NUMBER: 04557384) |
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ABRIDGED BALANCE SHEET |
31 OCTOBER 2017 |
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31.10.17 | 31.10.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps 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 Sections 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. |
PDL (CUMBRIA) LIMITED (REGISTERED NUMBER: 04557384) |
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ABRIDGED BALANCE SHEET - continued |
31 OCTOBER 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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PDL (CUMBRIA) LIMITED (REGISTERED NUMBER: 04557384) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2017 |
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1. | STATUTORY INFORMATION |
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PDL (Cumbria) 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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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on the going concern basis the directors having agreed to continue |
to support the company. |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding VAT. |
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Tangible fixed assets |
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Freehold property | - |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Leased vehicles | - |
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Freehold property has not been depreciated which is a departure from Financial Reporting Standard 102 and |
from the Companies Act 2006. Depreciation if provided would not have been of a material nature. The directors |
consider that this policy results in the financial statements showing a true and fair view. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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PDL (CUMBRIA) LIMITED (REGISTERED NUMBER: 04557384) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2017 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 November 2016 |
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Additions |
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At 31 October 2017 |
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DEPRECIATION |
At 1 November 2016 |
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Charge for year |
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At 31 October 2017 |
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NET BOOK VALUE |
At 31 October 2017 |
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At 31 October 2016 |
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Freehold property has not been depreciated which is a departure from Financial Reporting Standard 102 and |
from the Companies Act 2006. Depreciation if provided would not have been of a material nature. The directors |
consider that this policy results in the financial statements showing a true and fair view. |
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5. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.10.17 | 31.10.16 |
£ | £ |
Bank loans |
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National Westminster Bank plc hold a legal charge over the company's freehold property securing all monies due |
or becoming due by the company. |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.17 | 31.10.16 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
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7. | RELATED PARTY DISCLOSURES |
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At 30th October 2017 Mr and Mrs P Latham, directors of the company, had on an unsecured interest free basis |
advanced £181,684 to the company. |
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(Prior year £196,074) |
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8. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by Mr and Mrs P Latham . |
PDL (CUMBRIA) LIMITED (REGISTERED NUMBER: 04557384) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2017 |
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9. | FIRST YEAR ADOPTION |
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Financial Reporting Standard 102 adopted from 1st November 2016 had no effect on the financial results |
reported in respect of prior years and no adjustment was necessary to previously reported financial results. |