PDA Asset Management Limited - Limited company - abbreviated - 11.9

PDA Asset Management Limited - Limited company - abbreviated - 11.9

PDA ASSET MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 08111248 (England and Wales)


























Abbreviated Unaudited Accounts

for the Year Ended 30 June 2015

for

PDA Asset Management Limited

PDA Asset Management Limited (Registered number: 08111248)






Contents of the Abbreviated Accounts
for the Year Ended 30 June 2015




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

PDA Asset Management Limited

Company Information
for the Year Ended 30 June 2015







DIRECTOR: P D A Johnson





REGISTERED OFFICE: 15 Newland
Lincoln
Lincolnshire
LN1 1XG





REGISTERED NUMBER: 08111248 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG
Page 1
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
PDA Asset Management Limited (Registered number: 08111248)

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of PDA Asset Management Limited for the year ended 30 June 2015 which comprise the Profit and
Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information
and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of PDA Asset Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PDA Asset Management Limited and state those matters that we have agreed to state to the director of PDA Asset Management Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that PDA Asset Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PDA Asset Management Limited. You consider that PDA Asset Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PDA Asset Management
Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information
and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial
statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


30 December 2015

This page does not form part of the abbreviated accounts

Page 2
PDA Asset Management Limited (Registered number: 08111248)

Abbreviated Balance Sheet
30 June 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,855 3,042
Investments 3 5,289 -
7,144 3,042

CURRENT ASSETS
Debtors 7,095 15,997
Cash at bank 12,386 20,098
19,481 36,095
CREDITORS
Amounts falling due within one year 24,388 22,645
NET CURRENT (LIABILITIES)/ASSETS (4,907 ) 13,450
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,237
16,492

PROVISIONS FOR LIABILITIES 371 608
NET ASSETS 1,866 15,884

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,766 15,784
SHAREHOLDERS' FUNDS 1,866 15,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 30 December 2015 and were signed by:





P D A Johnson - Director


The notes form part of these abbreviated accounts

Page 3
PDA Asset Management Limited (Registered number: 08111248)

Notes to the Abbreviated Accounts
for the Year Ended 30 June 2015

1. ACCOUNTING POLICIES

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 April 2008).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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

Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or
recovered) using the tax rates and laws that have been enacted or substantially enacted by the balance sheet
date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date where transactions or events that result in an obligation to pay more or less tax in the future
have occurred at the balance sheet date. Timing differences are differences between the company's taxable
profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax
assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing
differences are expected to reverse, based on tax rates and laws that have been enacted or substantially
enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2014 5,719
Additions 244
Disposals (65 )
At 30 June 2015 5,898
DEPRECIATION
At 1 July 2014 2,677
Charge for year 1,405
Eliminated on disposal (39 )
At 30 June 2015 4,043
NET BOOK VALUE
At 30 June 2015 1,855
At 30 June 2014 3,042

Page 4 continued...
PDA Asset Management Limited (Registered number: 08111248)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 June 2015

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
Additions 5,289
At 30 June 2015 5,289
NET BOOK VALUE
At 30 June 2015 5,289

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2015 2014
value: £    £   
100 Share capital 1 £1 100 100

Page 5