Premier Leasing & Finance Limited 30/06/2019 iXBRL
Premier Leasing & Finance Limited 30/06/2019 iXBRL
Company registration number:
02718464
Trading as
Premier Leasing & Finance Limited
Unaudited filleted financial statements
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
30 June 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
(
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Provisions for liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital | 8 |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholder funds |
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_______ | _______ | ||||||||
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
17 October 2019
, and are signed on behalf of the board by:
Director
Company registration number:
02718464
Notes to the financial statements
Year ended 30 June 2019
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit A3b Lakeside Business Park, Broadway Lane, South Cerney.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
Provisions
Financial instruments
Defined contribution plans
4.
Staff costs
The average number of persons employed by the company during the year amounted to
6
(2018:
5
).
The aggregate payroll costs incurred during the year were:
2019 | 2018 | |||
£ | £ | |||
Wages and salaries |
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Social security costs |
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Other pension costs |
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_______ | _______ | |||
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_______ | _______ | |||
5.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 July 2018 and 30 June 2019 |
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_______ | _______ | _______ | ||
Depreciation | ||||
At 1 July 2018 |
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Charge for the year | - |
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_______ | _______ | _______ | ||
At 30 June 2019 |
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_______ | _______ | _______ | ||
Carrying amount | ||||
At 30 June 2019 | - |
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_______ | _______ | _______ | ||
At 30 June 2018 | - |
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_______ | _______ | _______ | ||
6.
Debtors
2019 | 2018 | |||
£ | £ | |||
Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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_______ | _______ | |||
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_______ | _______ | |||
7.
Creditors: amounts falling due within one year
2019 | 2018 | |||
£ | £ | |||
Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
8.
Called up share capital
Issued, called up and fully paid
2019 | 2018 | ||||||||
No | £ | No | £ | ||||||
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40,000 | 40,000 | 40,000 | 40,000 | |||||
_______ | _______ | _______ | _______ | ||||||
9.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | ||||
2019 | ||||
Balance brought forward | Amounts repaid | Balance o/standing | ||
£ | £ | £ | ||
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(
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(
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_______ | _______ | _______ | ||
2018 | ||||
Balance brought forward | Amounts repaid | Balance o/standing | ||
£ | £ | £ | ||
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(
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(
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_______ | _______ | _______ | ||
10.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(owed to) | ||||
2019 | 2018 | 2019 | 2018 | ||
£ | £ | £ | £ | ||
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- | - |
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- | - |
(
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(
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_______ | _______ | _______ | _______ | ||
Premier Leasing and Finance Holding (no2) Limited is the ultimate controling party of the group.