Abbreviated Company Accounts - PREMIER SOLUTIONS INC LTD

Abbreviated Company Accounts - PREMIER SOLUTIONS INC LTD


Registered Number 08058662

PREMIER SOLUTIONS INC LTD

Abbreviated Accounts

31 May 2014

PREMIER SOLUTIONS INC LTD Registered Number 08058662

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,920 2,400
1,920 2,400
Current assets
Cash at bank and in hand 3,908 1,041
3,908 1,041
Creditors: amounts falling due within one year (4,539) (391)
Net current assets (liabilities) (631) 650
Total assets less current liabilities 1,289 3,050
Creditors: amounts falling due after more than one year - (2,219)
Provisions for liabilities (384) (480)
Total net assets (liabilities) 905 351
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 805 251
Shareholders' funds 905 351
  • For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 February 2015

And signed on their behalf by:
Kestutis Mockevicius, Director

PREMIER SOLUTIONS INC LTD Registered Number 08058662

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets
£
Cost
At 1 June 2013 3,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 3,000
Depreciation
At 1 June 2013 600
Charge for the year 480
On disposals -
At 31 May 2014 1,080
Net book values
At 31 May 2014 1,920
At 31 May 2013 2,400
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100