Abbreviated Company Accounts - PREM DIP LIMITED

05876113 PREM DIP LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 05876113 2013-08-01 2014-07-31 05876113 2014-07-31 05876113 2013-07-31 05876113 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 05876113 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-07-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 05876113

PREM DIP LIMITED

Abbreviated Accounts

31 July 2014

PREM DIP LIMITED Registered Number 05876113

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	8,508	-
		8,508	-
Current assets
Stocks		28,500	29,000
Debtors		1,011	965
Cash at bank and in hand		38,531	52,568
		68,042	82,533
Creditors: amounts falling due within one year		(19,867)	(20,801)
Net current assets (liabilities)		48,175	61,732
Total assets less current liabilities		56,683	61,732
Total net assets (liabilities)		56,683	61,732
Capital and reserves
Called up share capital	3	200	100
Profit and loss account		56,483	61,632
Shareholders' funds		56,683	61,732

For the year ending 31 July 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 19 February 2015

And signed on their behalf by:
Mr J Karavadara, Director

PREM DIP LIMITED Registered Number 05876113

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

1Accounting Policies

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

Turnover policy
Turnover represents net sales of goods, excluding value added tax.

Tangible assets depreciation policy
Fixtures, fittings and equipment - 15% Reducing Balance Method

Other accounting policies
Stock :

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

2Tangible fixed assets

	£
Cost
At 1 August 2013	-
Additions	10,010
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	10,010
Depreciation
At 1 August 2013	-
Charge for the year	1,502
On disposals	-
At 31 July 2014	1,502
Net book values
At 31 July 2014	8,508
At 31 July 2013	-

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 A Ordinary shares of £1 each	100	100
100 B Preference shares shares of £1 each (0 shares for 2013)	100	0