Accounts filed on 31-03-2021


Registered number: 05762114






Premier Motors & Radiators Limited


ACCOUNTS

FOR THE YEAR ENDED 31/03/2021
























Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY


Premier Motors & Radiators Limited


ACCOUNTS
FOR THE YEAR ENDED 31/03/2021





DIRECTORS
R Bailey


REGISTERED OFFICE
44 KIMBERWORTH ROAD
ROTHERHAM
S61 1AE


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05762114



ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY


ACCOUNTS
FOR THEYEARENDED31/03/2021



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2021

			2021		2020
	Notes		£		£

FIXED ASSETS
Intangible assets	3		8,750		10,500
Tangible assets	4		2,650		3,121

			11,400		13,621

CURRENT ASSETS
Stock		4,000		4,000
Cash at bank and in hand		24,532		33,488
		28,532		37,488
CREDITORS: Amounts falling due within one year	6	34,933		43,360
NET CURRENT LIABILITIES			(6,401)		(5,872)
TOTAL ASSETS LESS CURRENT LIABILITIES			4,999		7,749

CAPITAL AND RESERVES

Called up share capital	7		100		100
Profit and loss account			4,899		7,649
SHAREHOLDERS' FUNDS			4,999		7,749

For the year ending 31/03/2021 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 23/12/2021 and signed on their behalf by



.............................
R Bailey
Director

1. ACCOUNTING POLICIES


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .


1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		25%
Commercial Vehicles		25%
Fixtures and Fittings		15%
Equipment		25%


1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.


1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2021	2020
	£	£
UK corporation tax	-	716
Directors current account	24,663	41,150
Bank Loan	10,000	-
Accruals	270	1,494
	34,933	43,360


7. SHARE CAPITAL	2021	2020
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100