PBA International Limited - Limited company - abbreviated - 11.0.0
PBA International Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 March 2014 |
| for |
| PBA International Limited |
| PBA International Limited (Registered number: 01299823) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2014 |
| Page |
| Company information | 1 |
| Abbreviated balance sheet | 2 |
| Notes to the abbreviated accounts | 3 |
| PBA International Limited |
| Company Information |
| for the Year Ended 31 March 2014 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| PBA International Limited (Registered number: 01299823) |
| Abbreviated Balance Sheet |
| 31 March 2014 |
| 2014 | 2013 |
| Notes | £ | £ |
| Fixed assets |
| Investments | 2 |
| Current assets |
| Stocks |
| Debtors |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| The directors acknowledge their 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 were approved by the Board of Directors on by: |
| PBA International Limited (Registered number: 01299823) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2014 |
| 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). |
| Preparation of consolidated financial statements |
| The financial statements contain information about PBA International Limited as an individual company and do |
| not contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Turnover is recognised when services are performed. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the |
| balance sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
| at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Fixed asset investments are stated at cost less provision for permanent diminution in value. |
| In accordance with UITF Abstract 40, work in progress is stated at the net sales value of the work done and not |
| yet invoiced. Provision is made for contingencies and anticipated future losses on contracts, less progress |
| payments received on account. The amount valued at the balance sheet date is included in sales and debtors. |
| 2. | Fixed asset investments |
| Investments |
| other |
| than |
| loans |
| £ |
| Cost |
| At 1 April 2013 |
| and 31 March 2014 |
| Net book value |
| At 31 March 2014 |
| At 31 March 2013 |
| PBA International Limited (Registered number: 01299823) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2014 |
| 2. | Fixed asset investments - continued |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Country of incorporation: |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves | 337,361 | 552,823 |
| Profit for the year | 8,971 | 102,892 |
| Country of incorporation: |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves | (24,572 | ) | (90,240 | ) |
| Profit for the year | 65,668 | 6,296 |
| Country of incorporation: England |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | (638 | ) | (638 | ) |
| Country of incorporation: |
| Nature of business: |
| % |
| Class of shares: | holding |
| 3. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | Going concern |
| The balance sheet shows a deficit of shareholders' funds. However, the most significant creditor is the amount |
| owed to related undertakings of £871,857 (2013: £872,446) The directors of the company also exercise a |
| controlling interest in the related undertakings and they are satisfied that with the continuing financial support of |
| those related undertakings, the company has the capacity to continue to trade as a going concern. |