Company registration number:
1313236
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FOR THE YEAR ENDED
30 SEPTEMBER 2021
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P. E. DISTRIBUTIONS LIMITED
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P. E. DISTRIBUTIONS LIMITED
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COMPANY INFORMATION
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Chartered Accountants
&
Statutory Auditor
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P. E. DISTRIBUTIONS LIMITED
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CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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P. E. DISTRIBUTIONS LIMITED
REGISTERED NUMBER:
1313236
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STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2021
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Current asset investments
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The
financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by
:
The notes on pages 2 to 4 form part of these financial statements.
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P. E. DISTRIBUTIONS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
P.E. Distributions Limited is a private company limited by shares incorporated in England and Wales under the Companies Act. The address of the registered office is shown on the company information page and the principal place of business is located at 6 Carlisle Street, London, W1D 3BN.
2.
Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis which assumes the company will continue in operational existence for the foreseeable future. Whilst the company has net current liabilities, this includes amounts due to its parent company, which will not be recalled for repayment until a time that the Company has sufficient liquid resources to settle these liabilities. For this reason the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
The estimated useful lives range as follows:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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P. E. DISTRIBUTIONS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
2.
Accounting policies (continued)
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like loans to or from related parties.
Fixed asset investments are valued at cost less provision for impairment.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
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The average monthly number of employees, including directors, during the year was
3
(2020 -
3
)
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Charge for the year on owned assets
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P. E. DISTRIBUTIONS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
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The above fixed asset investment relates to loans to group undertakings and undertakings in which the company has a participating interest.
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Current asset investments
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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The auditors' report on the financial statements for the year ended 30 September 2021 was unqualified.
The audit report was signed on
25 April 2022
by
Andrew Wooding FCA
(Senior Statutory Auditor) on behalf of
Menzies LLP
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