Premier Line Markings Limited - Limited company - abbreviated - 11.6

Premier Line Markings Limited - Limited company - abbreviated - 11.6

PREMIER LINE MARKINGS LIMITED - Company Information

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REGISTERED NUMBER: 08401818 (England and Wales)
















PREMIER LINE MARKINGS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015






PREMIER LINE MARKINGS LIMITED (REGISTERED NUMBER: 08401818)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

Chartered Accountants' Report 6

PREMIER LINE MARKINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2015







DIRECTORS: P F Hopkins
Mrs J M Yates





REGISTERED OFFICE: 26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT





REGISTERED NUMBER: 08401818 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT
Page 1
PREMIER LINE MARKINGS LIMITED (REGISTERED NUMBER: 08401818)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 90,000 120,000
Tangible assets 3 20,033 22,886
110,033 142,886

CURRENT ASSETS
Debtors 11,848 18,228
Cash at bank 8,606 1,399
20,454 19,627
CREDITORS
Amounts falling due within one year 122,225 150,744
NET CURRENT LIABILITIES (101,771 ) (131,117 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,262 11,769

CREDITORS
Amounts falling due after more than one
year
(2,300		 )
(6,337		 )

PROVISIONS FOR LIABILITIES (4,007 ) (4,577 )
NET ASSETS 1,955 855

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,855 755
SHAREHOLDERS' FUNDS 1,955 855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
PREMIER LINE MARKINGS LIMITED (REGISTERED NUMBER: 08401818)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 17 July 2015 and were signed on its behalf by:





P F Hopkins - Director


The notes form part of these abbreviated accounts

Page 3
PREMIER LINE MARKINGS LIMITED (REGISTERED NUMBER: 08401818)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.
The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 150,000
AMORTISATION
At 1 April 2014 30,000
Amortisation for year 30,000
At 31 March 2015 60,000
NET BOOK VALUE

At 31 March 2015 90,000
At 31 March 2014 120,000

Page 4 continued...
PREMIER LINE MARKINGS LIMITED (REGISTERED NUMBER: 08401818)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 28,180
Additions 2,313
At 31 March 2015 30,493
DEPRECIATION
At 1 April 2014 5,294
Charge for year 5,166
At 31 March 2015 10,460
NET BOOK VALUE
At 31 March 2015 20,033
At 31 March 2014 22,886

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

5. CONTROLLING PARTY

Mr P F Hopkins and Mrs J M Yates, the directors, control the company by virtue of each holding 50% of the issued ordinary share capital.

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PREMIER LINE MARKINGS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Premier Line Markings Limited for the year ended 31 March 2015 which comprise 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 practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Premier Line Markings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Premier Line Markings Limited and state those matters that we have agreed to state to the Board of Directors of Premier Line Markings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Premier Line Markings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Premier Line Markings Limited. You consider that Premier Line Markings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Premier Line Markings
Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information
and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial
statements.






Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT


17 July 2015

This page does not form part of the abbreviated accounts

Page 6