Premier Gearboxes Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06639364 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

Premier Gearboxes Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Hussain

REGISTERED OFFICE:

Office 12, Block-C

Tyseley Business Park

Kings Road

Birmingham

West Midlands

B11 2AL

REGISTERED NUMBER:

06639364 (England and Wales)

CURRENT ASSETS

Stocks

638

-

Debtors

-

242

Cash at bank and in hand

15,967

-

16,605

242

CREDITORS

Amounts falling due within one year

11,158

-

NET CURRENT ASSETS

5,447

242

TOTAL ASSETS LESS CURRENT LIABILITIES

5,447

242

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

5,445

240

SHAREHOLDERS' FUNDS

5,447

242

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 15 February 2016 and were signed by:

J Hussain - 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.

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.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

2

Ordinary

1

2

2