P D & Co (2003) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03609338

Unaudited Financial Statements for the Year Ended 31 March 2021

for

P D & Co (2003) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs A M Brooks

SECRETARY:

M Brooks

REGISTERED OFFICE:

Three Counties House

18a Victoria Street

Dunstable

Bedfordshire

LU6 3BA

REGISTERED NUMBER:

03609338

ACCOUNTANTS:

P D & Co (2003) Limited T/A Parbery Davies & Co

Three Counties House

18a Victoria Street

Dunstable

Bedfordshire

LU6 3BA

FIXED ASSETS

Tangible assets

3

4,932

5,397

CURRENT ASSETS

Debtors

4

12,443

19,624

Cash at bank and in hand

47,246

23,070

59,689

42,694

CREDITORS

Amounts falling due within one year

5

15,602

14,873

NET CURRENT ASSETS

44,087

27,821

TOTAL ASSETS LESS CURRENT LIABILITIES

49,019

33,218

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

48,919

33,118

SHAREHOLDERS' FUNDS

49,019

33,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2021 and were signed by:

Mrs A M Brooks - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 4 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

15,717

Additions

768

At 31 March 2021

16,485

DEPRECIATION

At 1 April 2020

10,320

Charge for year

1,233

At 31 March 2021

11,553

NET BOOK VALUE

At 31 March 2021

4,932

At 31 March 2020

5,397

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

9,288

15,847

Other debtors

3,155

3,777

12,443

19,624

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

1,220

2,076

Taxation and social security

14,240

12,662

Other creditors

142

135

15,602

14,873