Premier Catering Equipment Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04383598 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

PREMIER CATERING EQUIPMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M J Burgess

Mr M A Rogers

SECRETARY:

Mr M J Burgess

REGISTERED OFFICE:

2 Olds Close

Olds Approach

Tolpits Lane

Watford

Hertfordshire

WD18 9RU

REGISTERED NUMBER:

04383598 (England and Wales)

ACCOUNTANTS:

Hanburys Limited

Chartered Certified Accountants

6b Parkway

Porters Wood

St Albans

Hertfordshire

AL3 6PA

FIXED ASSETS

Intangible assets

2

80,000

90,000

Tangible assets

3

30,571

37,905

110,571

127,905

CURRENT ASSETS

Stocks

40,972

67,652

Debtors

123,674

115,124

Cash at bank

254,697

171,372

419,343

354,148

CREDITORS

Amounts falling due within one year

207,816

179,856

NET CURRENT ASSETS

211,527

174,292

TOTAL ASSETS LESS CURRENT LIABILITIES

322,098

302,197

CREDITORS

Amounts falling due after more than one year

56,182

70,979

NET ASSETS

265,916

231,218

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

265,816

231,118

SHAREHOLDERS' FUNDS

265,916

231,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 27 February 2015 and were signed on its behalf by:

Mr M J Burgess - Director

Mr M A Rogers - Director

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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Commercial vehicles

-

25% on reducing balance

Furniture and equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

200,000

AMORTISATION

At 1 June 2013

110,000

Amortisation for year

10,000

At 31 May 2014

120,000

NET BOOK VALUE

At 31 May 2014

80,000

At 31 May 2013

90,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

81,176

Additions

2,447

At 31 May 2014

83,623

DEPRECIATION

At 1 June 2013

43,271

Charge for year

9,781

At 31 May 2014

53,052

NET BOOK VALUE

At 31 May 2014

30,571

At 31 May 2013

37,905

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

100

Ordinary

£1

100

100