Abbreviated Company Accounts - PREM DIP LIMITED
Abbreviated Company Accounts - PREM DIP LIMITED
Registered Number 05876113
PREM DIP LIMITED
Abbreviated Accounts
31 July 2015
PREM DIP LIMITED Registered Number 05876113
Abbreviated Balance Sheet as at 31 July 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
PREM DIP LIMITED Registered Number 05876113
Notes to the Abbreviated Accounts for the period ended 31 July 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Reporting Standard for Smaller Entities (effective April 2008).
Turnover policy
Tangible assets depreciation policy
and equipment - 15% Reducing Balance Method
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
Related party transactions
During the year company has paid Service charges of £4,320 (2014 : £5,160) to Leverington Stores, a partnership firm, in which the director is interested as partner.
All the above transactions are considered at arm's length.
£ | |
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Cost | |
At 1 August 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 July 2015 |
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Depreciation | |
At 1 August 2014 |
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Charge for the year |
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On disposals |
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At 31 July 2015 |
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Net book values | |
At 31 July 2015 | 175,232 |
At 31 July 2014 | 8,508 |