Premier Crew Hospitality Limited - Limited company accounts 11.9

REGISTERED NUMBER: 07661141 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 May 2015

for

Premier Crew Hospitality Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Ms N A Pittroche

REGISTERED OFFICE:

Unit 2, Martels High Easter Road

Barnston

Dunmow

Essex

CM6 1NA

REGISTERED NUMBER:

07661141 (England and Wales)

ACCOUNTANT:

CH Accountancy & Bookkeeping Ltd

27 Cromwell Road

Flitch Green

Dunmow

Essex

CM6 3GE

The director presents her report with the financial statements of the company for the year ended 31 May 2015.

DIRECTOR

Ms N A Pittroche held office during the whole of the period from 1 June 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

Ms N A Pittroche - Director

20 January 2016

TURNOVER

242,512

76,192

Cost of sales

173,151

60,761

GROSS PROFIT

69,361

15,431

Administrative expenses

85,785

11,658

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

(16,424

)

3,773

Tax on (loss)/profit on ordinary activities

3

-

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(16,424

)

3,773

FIXED ASSETS

Tangible assets

4

9,057

7,679

CURRENT ASSETS

Debtors

5

7,279

-

Cash at bank and in hand

7,212

3,706

14,491

3,706

CREDITORS

Amounts falling due within one year

6

49,581

20,994

NET CURRENT LIABILITIES

(35,090

)

(17,288

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,033

)

(9,609

)

CAPITAL AND RESERVES

Called up share capital

7

1

Profit and loss account

8

(26,034

)

(9,610

)

SHAREHOLDERS' FUNDS

(26,033

)

(9,609

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 20 January 2016 and were signed by:

Ms N A Pittroche - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the close of business on 31st May 2015 the company's liabilities exceeded its assets. The directors have

confirmed that they will continue to provide financial support to the company and considers it appropriate for the

financial statements to be prepared on a going concern basis.

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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 etc

-

25% on reducing balance

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.	OPERATING (LOSS)/PROFIT

The operating loss (2014 - operating profit) is stated after charging:

31.5.15

31.5.14

£

Depreciation - owned assets

3,110

2,560

Director's remuneration and other benefits etc

8,406

5,500

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 May 2015 nor for the year

ended 31 May 2014.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2014

13,083

Additions

4,488

At 31 May 2015

17,571

DEPRECIATION

At 1 June 2014

5,404

Charge for year

3,110

At 31 May 2015

8,514

NET BOOK VALUE

At 31 May 2015

9,057

At 31 May 2014

7,679

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.15

31.5.14

£

Trade debtors

7,279

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.15

31.5.14

£

Trade creditors

26,705

(1

)

Taxation and social security

5,907

-

Other creditors

16,969

20,995

49,581

20,994

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

1

Ordinary

1

8.

RESERVES

Profit

and loss

account

£

At 1 June 2014

(9,610

)

Deficit for the year

(16,424

)

At 31 May 2015

(26,034

)

9.	RELATED PARTY DISCLOSURES

Ms N A Pittroche

31.5.15

31.5.14

£

Amount due to related party at the balance sheet date

15,366

20,545

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms N A Pittroche.