Abbreviated Company Accounts - PREMIER TREE SERVICES LIMITED

PREMIER TREE SERVICES LIMITED - Company Information

05094315 PREMIER TREE SERVICES LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 05094315 2014-06-01 2015-05-31 05094315 2015-05-31 05094315 2014-05-31 05094315 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 05094315 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 05094315

PREMIER TREE SERVICES LIMITED

Abbreviated Accounts

31 May 2015

PREMIER TREE SERVICES LIMITED Registered Number 05094315

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	129,682	118,046
		129,682	118,046
Current assets
Stocks		27,327	4,758
Debtors		112,228	111,966
Cash at bank and in hand		200,832	152,785
		340,387	269,509
Creditors: amounts falling due within one year		(98,586)	(71,828)
Net current assets (liabilities)		241,801	197,681
Total assets less current liabilities		371,483	315,727
Creditors: amounts falling due after more than one year		(42,770)	(30,908)
Total net assets (liabilities)		328,713	284,819
Capital and reserves
Called up share capital	3	2	2
Other reserves		284,817	274,969
Profit and loss account		43,894	9,848
Shareholders' funds		328,713	284,819

For the year ending 31 May 2015 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 6 October 2015

And signed on their behalf by:
Stephen Tomlin, Director
Joanne Lackenby, Director

PREMIER TREE SERVICES LIMITED Registered Number 05094315

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

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

Turnover policy
The turnover shown in the financial statements represents sales during the year derived from the company's principal activity carried out wholly in the UK exclusive of VAT.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 20% Straight Line
Fixtures and Fittings 20% Straight Line
Motor Vehicles 20% Straight Line
Office Equipment 20% Straight Line

Other accounting policies
Transactions with directors
There were no transactions with directors.

Related party disclosures
The company was under the control of Mr S Tomlin and Miss J Lackenby throughout the current year by virtue of there majority shareholdings.

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits of risks and ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments
Financial Liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual terms of share capital do not have any terms meeting the definition of financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 June 2014	320,987
Additions	79,296
Disposals	(10,250)
Revaluations	-
Transfers	-
At 31 May 2015	390,033
Depreciation
At 1 June 2014	202,941
Charge for the year	66,380
On disposals	(8,970)
At 31 May 2015	260,351
Net book values
At 31 May 2015	129,682
At 31 May 2014	118,046

Included in the NBV of £129,682 is £69,940 relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £29,550

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

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2