Premier Drylining And Plastering Limited

Premier Drylining And Plastering Limited

PREMIER DRYLINING AND PLASTERING LIMITED - Company Information

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Company Registration No. 08665307 (England and Wales)
Premier Drylining And Plastering Limited Unaudited accounts for the year ended 31 August 2021
Premier Drylining And Plastering Limited Unaudited accounts Contents
Page
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Premier Drylining And Plastering Limited Company Information for the year ended 31 August 2021
Director
I R Gittins
Company Number
08665307 (England and Wales)
Registered Office
432 Gloucester Road Horfield Bristol BS7 8TX
Accountants
Evans Entwistle 432 Gloucester Rd Bristol BS7 8TX
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Premier Drylining And Plastering Limited for the year ended 31 August 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Premier Drylining And Plastering Limited for the year ended 31 August 2021 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice 432 Gloucester Rd Bristol BS7 8TX 9 May 2022
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Premier Drylining And Plastering Limited Statement of financial position as at 31 August 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Debtors
4
93,533 
97,130 
Cash at bank and in hand
3,510 
6,835 
97,043 
103,965 
Creditors: amounts falling due within one year
5
(85,790)
(75,953)
Net current assets
11,253 
28,012 
Total assets less current liabilities
11,253 
28,012 
Creditors: amounts falling due after more than one year
6
(34,283)
(16,000)
Net (liabilities)/assets
(23,030)
12,012 
Capital and reserves
Called up share capital
7
2 
2 
Profit and loss account
(23,032)
12,010 
Shareholders' funds
(23,030)
12,012 
For the year ending 31 August 2021 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 May 2022 and were signed on its behalf by
I R Gittins Director Company Registration No. 08665307
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Premier Drylining And Plastering Limited Notes to the Accounts for the year ended 31 August 2021
1
Statutory information
Premier Drylining And Plastering Limited is a private company, limited by shares, registered in England and Wales, registration number 08665307. The registered office is 432 Gloucester Road, Horfield, Bristol, BS7 8TX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
2,515 
- 
Other debtors
91,018 
97,130 
93,533 
97,130 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
9,414 
13,088 
VAT
24,440 
28,012 
Taxes and social security
49,008 
14,939 
Other creditors
2,928 
19,914 
85,790 
75,953 
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
34,283 
16,000 
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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Premier Drylining And Plastering Limited Notes to the Accounts for the year ended 31 August 2021
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan advance during the financial year
65,928 
- 
15,632 
50,296 
65,928 
- 
15,632 
50,296 
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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