Premiair Limited - Limited company - abbreviated - 11.9

Premiair Limited - Limited company - abbreviated - 11.9

PREMIAIR LIMITED - Company Information

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REGISTERED NUMBER: 04558880 (England and Wales)



















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

PREMIAIR LIMITED

PREMIAIR LIMITED (REGISTERED NUMBER: 04558880)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PREMIAIR LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2015







DIRECTOR: Mr E S Yearwood





SECRETARY: Mrs G Yearwood





REGISTERED OFFICE: Prospero House
46-48 Rothesay Road
Luton
Bedfordshire
LU1 1QZ





REGISTERED NUMBER: 04558880 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
Prospero House
46-48 Rothesay Road
Luton
Bedfordshire
LU1 1QZ
Page 1
PREMIAIR LIMITED (REGISTERED NUMBER: 04558880)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,405 6,395

CURRENT ASSETS
Stocks 672 648
Debtors 6,808 34,222
Cash at bank 25,668 18,486
33,148 53,356
CREDITORS
Amounts falling due within one year 37,279 45,438
NET CURRENT (LIABILITIES)/ASSETS (4,131 ) 7,918
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,274
14,313

PROVISIONS FOR LIABILITIES - 893
NET ASSETS 1,274 13,420

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 1,174 13,320
SHAREHOLDERS' FUNDS 1,274 13,420

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 director acknowledges his 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 director on 20 November 2015 and were signed by:




Mr E S Yearwood - Director


The notes form part of these abbreviated accounts

Page 2
PREMIAIR LIMITED (REGISTERED NUMBER: 04558880)

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 services, 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 - 33% on reducing balance

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.

Hire purchase and leasing commitments
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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 27,535
Additions 666
At 31 March 2015 28,201
DEPRECIATION
At 1 April 2014 21,140
Charge for year 1,656
At 31 March 2015 22,796
NET BOOK VALUE
At 31 March 2015 5,405
At 31 March 2014 6,395

3. CALLED UP SHARE CAPITAL

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

Page 3 continued...
PREMIAIR LIMITED (REGISTERED NUMBER: 04558880)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 MARCH 2015

4. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,000 (2014 - £15,900) were paid to the director .

Mr E S Yearwood
Director and shareholder


Use of home was paid to the director £624 (2014 - £624).

2015 2014
£    £   
Amount due to related party at the balance sheet date 20,548 23,138

Mrs G Yearwood

Company secretary and shareholder


During the year, total dividends paid amounted to £22,000 (2014 - £15,900).

5. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs E S Yearwood by virtue of their shareholding.

Page 4