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

REGISTERED NUMBER: 04142578 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

PREMIER WASTE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

D Courtney

P Courtney

Registered office:

5-6 Greenfield Crescent

Edgbaston

Birmingham

West Midlands

B15 3BE

Registered number:

04142578 (England and Wales)

Accountants:

Haines Watts Birmingham LLP

5-6 Greenfield Crescent

Edgbaston

Birmingham

B15 3BE

Fixed assets

Investments

4

200,000

200,000

Current assets

Debtors

5

1,630

-

Cash at bank

76

9,821

1,706

9,821

Creditors

Amounts falling due within one year

6

203,446

211,292

Net current liabilities

(201,740

)

(201,471

)

Total assets less current liabilities

(1,740

)

(1,471

)

Capital and reserves

Called up share capital

7

1

1

Retained earnings

(1,741

)

(1,472

)

Shareholders' funds

(1,740

)

(1,471

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 and authorised for issue on 4 November 2020 and were signed on its behalf by:

D Courtney - Director

1.	Statutory information

Premier Waste 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.

These accounts have been prepared on a going concern basis, which is dependent upon the continued support of the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from services is recognised by reference to the stage of completion when the stage of completion, costs incurred, and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	Employees and directors

The average number of employees during the year was 2 (2018 - 2 ) .

4.	Fixed asset investments

Other

investments

£

Cost

At 1 January 2019

and 31 December 2019

200,000

Net book value

At 31 December 2019

200,000

At 31 December 2018

200,000

5.

Debtors: amounts falling due within one year

2019

2018

£

£

Other debtors

1,630

-

6.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

3,196

3,196

Other creditors

200,250

208,096

203,446

211,292

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1

8.	Related party disclosures

At the period end the following amounts were outstanding:

Amounts owed to "other related parties" £198,370 (2018 £208,096)

9.	Ultimate controlling party

The controlling party is D Courtney.