Premier Builders (Shropshire) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04708686 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Premier Builders (Shropshire) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K G Courtney

D P Courtney

REGISTERED OFFICE:

Emstrey House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

BUSINESS ADDRESS:

30 Alexandra Avenue

Meole Village

SHREWSBURY

Shropshire

SY3 9HT

REGISTERED NUMBER:

04708686 (England and Wales)

ACCOUNTANTS:

Caerwyn Jones

Chartered Accountants

Emstrey House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

FIXED ASSETS

Property, plant and equipment

4

25,098

9,089

CURRENT ASSETS

Inventories

3,000

3,000

Debtors

5

12,979

28,200

Cash at bank

25,725

9,216

41,704

40,416

CREDITORS

Amounts falling due within one year

6

61,669

49,022

NET CURRENT LIABILITIES

(19,965

)

(8,606

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,133

483

PROVISIONS FOR LIABILITIES

4,769

-

NET ASSETS

364

483

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

265

384

364

483

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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 8 October 2019 and were signed on its behalf by:

D P Courtney - Director

1.	STATUTORY INFORMATION

Premier Builders (Shropshire) 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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

-

25% on reducing balance, 20% on cost and 20% on reducing balance

Stocks

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

obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of

the lease.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2018

14,937

1,010

-

15,947

Additions

-

-

21,275

21,275

At 31 March 2019

14,937

1,010

21,275

37,222

DEPRECIATION

At 1 April 2018

6,164

694

-

6,858

Charge for year

2,987

63

2,216

5,266

At 31 March 2019

9,151

757

2,216

12,124

NET BOOK VALUE

At 31 March 2019

5,786

253

19,059

25,098

At 31 March 2018

8,773

316

-

9,089

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

8,333

28,200

Other debtors

4,646

-

12,979

28,200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

5,976

3,199

Taxation and social security

3,524

10,689

Other creditors

52,169

35,134

61,669

49,022

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £28,000 were paid to the directors .

Included in creditors falling due within one year are amounts totalling £47,663 (2018 £33,128) due to the

directors of the company. These amounts are repayable on demand. During the year no interest was paid

on these balances.