Premium Leisure Distribution Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08045373 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 MAY 2014 TO 31 MARCH 2015

FOR

PREMIUM LEISURE DISTRIBUTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P M Hardy

D Hodges

SECRETARY:

REGISTERED OFFICE:

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

REGISTERED NUMBER:

08045373 (England and Wales)

ACCOUNTANTS:

Keller & Co

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

FIXED ASSETS

Tangible assets

2

36,397

29,336

CURRENT ASSETS

Stocks

14,128

34,128

Debtors

86,277

9,876

Cash at bank and in hand

10,928

20,387

111,333

64,391

CREDITORS

Amounts falling due within one year

(68,522

)

(62,392

)

NET CURRENT ASSETS

42,811

1,999

TOTAL ASSETS LESS CURRENT LIABILITIES

79,208

31,335

PROVISIONS FOR LIABILITIES

(7,279

)

(5,725

)

NET ASSETS

71,929

25,610

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

71,927

25,608

SHAREHOLDERS' FUNDS

71,929

25,610

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

The members have not required the company to obtain an audit of its financial statements for the period 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 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 12 November 2015 and were signed on its behalf by:

P M Hardy - Director

D Hodges - Director

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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

items.

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

35,600

Additions

14,940

At 31 March 2015

50,540

DEPRECIATION

At 1 May 2014

6,264

Charge for period

7,879

At 31 March 2015

14,143

NET BOOK VALUE

At 31 March 2015

36,397

At 30 April 2014

29,336

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

A Ordinary

£1.00

1

1

1

B Ordinary

£1.00

1

1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2015 and the year ended

30 April 2014:

2015

2014

£

£

P M Hardy

Balance outstanding at start of period

-

-

Amounts advanced

3,200

-

Amounts repaid

-

-

Balance outstanding at end of period

3,200

-