Premier Prospects Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04220539 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

PREMIER PROSPECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTOR:

Mr J D Burrow

SECRETARY:

Mrs J Burrow

REGISTERED OFFICE:

4 Collingwood

Farnborough

Hampshire

GU14 6LX

REGISTERED NUMBER:

04220539 (England and Wales)

ACCOUNTANTS:

Wallis White & Co

Accountants and Tax Consultants

Cedar Court

5 College Street

Petersfield

Hampshire

GU31 4AE

FIXED ASSETS

Intangible assets

2

2,100

2,450

Tangible assets

3

982

814

3,082

3,264

CURRENT ASSETS

Debtors

1,316

12,782

CREDITORS

Amounts falling due within one year

11,538

24,241

NET CURRENT LIABILITIES

(10,222

)

(11,459

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,140

)

(8,195

)

CAPITAL AND RESERVES

Called up share capital

4

200

200

Profit and loss account

(7,340

)

(8,395

)

SHAREHOLDERS' FUNDS

(7,140

)

(8,195

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 16 March 2016 and were signed by:

Mr J D Burrow - 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 consists of net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, 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

Computer equipment

-

15% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

7,000

AMORTISATION

At 1 July 2014

4,550

Amortisation for year

350

At 30 June 2015

4,900

NET BOOK VALUE

At 30 June 2015

2,100

At 30 June 2014

2,450

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

2,384

Additions

342

At 30 June 2015

2,726

DEPRECIATION

At 1 July 2014

1,570

Charge for year

174

At 30 June 2015

1,744

NET BOOK VALUE

At 30 June 2015

982

At 30 June 2014

814

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

200

Ordinary

£1

200

200