Premier Cooling Services Limited - Accounts to registrar (filleted) - small 18.2

Premier Cooling Services Limited - Accounts to registrar (filleted) - small 18.2

PREMIER COOLING SERVICES LTD - Company Information

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REGISTERED NUMBER: 03037152 (England and Wales)















Financial Statements for the Year Ended 31 March 2019

for

Premier Cooling Services Limited
Premier Cooling Services Limited (Registered number: 03037152)

Contents of the Financial Statements
for the Year Ended 31 March 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premier Cooling Services Limited

Company Information
for the Year Ended 31 March 2019







DIRECTORS: D Scarborough
J Scarborough
Mrs A Scarborough





SECRETARY: Mrs A Scarborough





REGISTERED OFFICE: New Premier House
47 Nork Way
Banstead
Surrey
SM7 1PB





REGISTERED NUMBER: 03037152 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS
Page 1
Premier Cooling Services Limited (Registered number: 03037152)

Balance Sheet
31 March 2019

31.3.19 31.3.18
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 - 521
Investments 5 100 100
100 621

CURRENT ASSETS
Inventories 43,716 43,716
Debtors 6 317,410 398,358
Cash at bank and in hand 237,170 237,335
598,296 679,409
CREDITORS
Amounts falling due within one year 7 (253,252 ) (349,225 )
NET CURRENT ASSETS 345,044 330,184
TOTAL ASSETS LESS CURRENT LIABILITIES 345,144 330,805

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 345,044 330,705
SHAREHOLDERS' FUNDS 345,144 330,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 notes form part of these financial statements

Page 2 continued...
Premier Cooling Services Limited (Registered number: 03037152)

Balance Sheet - continued
31 March 2019


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 25 September 2019 and were signed on its behalf
by:





D Scarborough - Director


The notes form part of these financial statements

Page 3
Premier Cooling Services Limited (Registered number: 03037152)

Notes to the Financial Statements
for the Year Ended 31 March 2019


1. STATUTORY INFORMATION

Premier Cooling Services Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. 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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax.
Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised
to the extent that the company has obtained the right to consideration through its performance.

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 - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing inventories to their present location and condition.

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.

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.

Page 4 continued...
Premier Cooling Services Limited (Registered number: 03037152)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 April 2018
and 31 March 2019 4,101
DEPRECIATION
At 1 April 2018 3,580
Charge for year 521
At 31 March 2019 4,101
NET BOOK VALUE
At 31 March 2019 -
At 31 March 2018 521

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2018
and 31 March 2019 100
NET BOOK VALUE
At 31 March 2019 100
At 31 March 2018 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade debtors 252,399 167,427
Amounts owed by group undertakings 58,822 220,123
Directors' current accounts 1,929 -
VAT - 3,313
Prepayments and accrued income 4,260 7,495
317,410 398,358

Page 5 continued...
Premier Cooling Services Limited (Registered number: 03037152)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Hire purchase contracts 2,902 2,902
Trade creditors 114,063 192,627
Amounts owed to group undertakings 91,468 110,304
Tax 29,250 25,684
Social security and other taxes 3,272 10,127
VAT 5,335 -
Other creditors 315 192
Accruals and deferred income 6,647 7,389
253,252 349,225

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of J & A Holdings Limited who's registered address is: New Premier
House, 47 Nork Way, Banstead, Surrey, SM7 1PB.

Page 6