PREMIER MOTORS & RADIATORS LTD - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05762114 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

PREMIER MOTORS & RADIATORS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

MR R BAILEY

SECRETARY:

MR R BAILEY

REGISTERED OFFICE:

44 KIMBERWORTH ROAD

ROTHERHAM

S61 1AE

REGISTERED NUMBER:

05762114 (England and Wales)

ACCOUNTANTS:

Lindrick Accountancy Services Limited

205 Outgang Lane

Dinnington

Sheffield

S25 3QY

FIXED ASSETS

Intangible assets

2

19,250

21,000

Tangible assets

3

4,164

5,090

23,414

26,090

CURRENT ASSETS

Stocks

5,250

2,950

Debtors

3,425

3,350

Cash at bank and in hand

6,487

13,611

15,162

19,911

CREDITORS

Amounts falling due within one year

39,830

44,770

NET CURRENT LIABILITIES

(24,668

)

(24,859

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,254

)

1,231

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(1,354

)

1,131

SHAREHOLDERS' FUNDS

(1,254

)

1,231

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 18 December 2015 and were signed by:

MR R BAILEY - Director

1.	ACCOUNTING POLICIES

Going concern

The financial statements have been prepared on the basis of the continued support of the

director

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 2007, is being amortised evenly over its estimated useful life of twenty years.

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

-

15% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

35,000

AMORTISATION

At 1 April 2014

14,000

Amortisation for year

1,750

At 31 March 2015

15,750

NET BOOK VALUE

At 31 March 2015

19,250

At 31 March 2014

21,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

21,338

DEPRECIATION

At 1 April 2014

16,248

Charge for year

926

At 31 March 2015

17,174

NET BOOK VALUE

At 31 March 2015

4,164

At 31 March 2014

5,090

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

ordinary shares

£1

100

100

The following reproduces the text of the report prepared for the director 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 accordance with our terms of engagement and in order to assist you to fulfil your duties under the

Companies Act 2006, we have compiled the financial statements of the company for the period

ended 31 March 2015 which comprise the Profit and Loss Account, the Balance Sheet and the

related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our

work has been undertaken so that we might compile the financial statements that we have been

engaged to compile, report to the company's director that we have done so, and state those matters

that we have agreed to state to him in this report and for no other purpose. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and

the company's director, for our work or for this report.

You have acknowledged on the Balance Sheet as at 31 March 2015 your duty to ensure that the

company has kept proper accounting records and to prepare financial statements that give a true and

fair view under the Companies Act 2006. You consider that the company is exempt from the

statutory requirement for an audit for the period.

We have not been instructed to carry out an audit of the financial statements. 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 financial

statements.

Lindrick Accountancy Services Limited

205 Outgang Lane

Dinnington

Sheffield

S25 3QY

Date: .............................................