REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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PDM Farming Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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PDM Farming Ltd |
PDM Farming Ltd (Registered number: 05872487) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
PDM Farming Ltd |
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Company Information |
for the Year Ended 31 March 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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PDM Farming Ltd (Registered number: 05872487) |
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Abbreviated Balance Sheet |
31 March 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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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 |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
PDM Farming Ltd (Registered number: 05872487) |
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Abbreviated Balance Sheet - continued |
31 March 2016 |
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The financial statements were approved by the director on
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PDM Farming Ltd (Registered number: 05872487) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Goodwill |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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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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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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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
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AMORTISATION |
At 1 April 2015 |
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Amortisation for year |
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At 31 March 2016 |
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NET BOOK VALUE |
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At 31 March 2016 |
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At 31 March 2015 |
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PDM Farming Ltd (Registered number: 05872487) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 April 2015 |
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Additions |
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Disposals | ( |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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6. | RELATED PARTY DISCLOSURES |
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A Director and shareholder of the company |
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During the year the director provided a loan to the company. The loan was unsecured, interest free and repayable |
on demand, subject to the company having sufficient cash reserves. |
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During the period the director received dividends from the company of £28,500 (2015: £28,500). |
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2016 | 2015 |
£ | £ |
Amount due to related party at the balance sheet date |
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Mrs V D Moore |
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Mother of the director |
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During the period under review Mrs V D Moore purchased goods and services from the company of £Nil (2015: |
£3,450). All transactions were carried out at arms length and on ordinary terms of business. The balance |
outstanding at the end of the period was £nil (2015: £nil). |
PDM Farming Ltd (Registered number: 05872487) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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6. | RELATED PARTY DISCLOSURES - continued |
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Brians Livestock Haulage Limited |
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Common control |
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During the period the company purchased goods totalling £46,990 (2015: £42,631) from Brians Livestock |
Haulage Limited. The balance outstanding at the year end included within creditors was £3,100 (2015: £Nil). |
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The company made sales to Brians Livestock Haulage Limited totalling £40,806 (2015: £79,213) in the period. |
At the year end, the balance due to PDM Farming Limited included within debtors was £27,037 (2015: £22,688). |
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During 2015 the company also provided Brians Livestock Haulage Limited with a loan of 21,500. At the year |
end the outstanding balance was £20,104. |
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2016 | 2015 |
£ | £ |
Amount due from related party at the balance sheet date |
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