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Unaudited Financial Statements |
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for the Year Ended 31 December 2019 |
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for |
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P & D INTERNATIONAL TRANSPORT LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2019 |
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for |
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P & D INTERNATIONAL TRANSPORT LIMITED |
P & D INTERNATIONAL TRANSPORT LIMITED (REGISTERED NUMBER: 04441408) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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P & D INTERNATIONAL TRANSPORT LIMITED |
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Company Information |
for the Year Ended 31 December 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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12 Park Lane |
Tilehurst |
Reading |
Berkshire |
RG31 5DL |
P & D INTERNATIONAL TRANSPORT LIMITED (REGISTERED NUMBER: 04441408) |
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Balance Sheet |
31 December 2019 |
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31.12.19 | 31.12.18 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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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 |
7 |
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NET ASSETS |
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P & D INTERNATIONAL TRANSPORT LIMITED (REGISTERED NUMBER: 04441408) |
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Balance Sheet - continued |
31 December 2019 |
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31.12.19 | 31.12.18 |
Notes | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | 10 |
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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. |
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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 director and authorised for issue on
signed by: |
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P & D INTERNATIONAL TRANSPORT LIMITED (REGISTERED NUMBER: 04441408) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2019 |
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1. | STATUTORY INFORMATION |
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P & D International Transport Limited is a
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and Wales. The 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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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling |
costs in bringing stocks to their present location and condition. |
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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. |
P & D INTERNATIONAL TRANSPORT LIMITED (REGISTERED NUMBER: 04441408) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Hire Purchase installments are bifurcated into principal and interest portion as per HP statements. |
Hire Purchase interest has been charged to profit and loss accounts on accrual basis and Hire |
Purchase liabilities have been reduced by monthly repayments of principal amounts. |
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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 profit or loss in the period to which they relate. |
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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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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 January 2019 |
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Additions |
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Disposals |
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At 31 December 2019 |
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DEPRECIATION |
At 1 January 2019 |
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Charge for year |
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Eliminated on disposal |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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P & D INTERNATIONAL TRANSPORT LIMITED (REGISTERED NUMBER: 04441408) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Hire purchase contracts |
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Trade creditors | ( |
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Social security and other taxes |
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VAT | 4,512 | 7,089 |
Other creditors |
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Pension fund | (22 | ) | 15 |
Loan J West | 5,000 | 5,000 |
Directors' current accounts | 15,407 | 35,271 |
Accrued expenses |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Bank loans (see note 8) |
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Hire purchase contracts |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Loan P West | 28,377 | - |
P & D INTERNATIONAL TRANSPORT LIMITED (REGISTERED NUMBER: 04441408) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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8. | LOANS |
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An analysis of the maturity of loans is given below: |
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31.12.19 | 31.12.18 |
£ | £ |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Loan P West | 28,377 | - |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.19 | 31.12.18 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |
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10. | RESERVES |
Retained |
earnings |
£ |
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At 1 January 2019 |
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Deficit for the year | ( |
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Dividends | ( |
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At 31 December 2019 |
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11. | RELATED PARTY DISCLOSURES |
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During the year, Dividend of £21,500 declared and paid as below : |
1. Mr. Derek Anton Bruce - £10,750 (P.Y. - £24,000) |
2. Mr. Peter Robert West - £10,750 (P.Y. - £24,000) |
P & D INTERNATIONAL TRANSPORT LIMITED (REGISTERED NUMBER: 04441408) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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12. | POST BALANCE SHEET EVENTS |
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Since the year end, the Coronavirus (COVID-19) has emerged globally resulting in a significant |
impact on businesses worldwide. As a result some business operations have been restricted, however |
the company continues to operates using alternative methods and remote working. The directors are |
unable to evaluate the overall financial impact on the business at present. Hence financial statements |
do not include any adjustments that might result from the outcome of this uncertainty. The directors |
are continuing to monitor, assess and act to the current changing environment in order to position the |
company to ensure its future success. |