Premier Fuels Group Limited - Period Ending 2015-11-30

Registration number: 06418603

Premier Fuels Group Limited Unaudited Abbreviated Accounts for the Year Ended 30 November 2015

Howsons
Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

Premier Fuels Group Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Premier Fuels Group Limited
(Registration number: 06418603)
Abbreviated Balance Sheet at 30 November 2015

		Note			2015 £			2014 £
Fixed assets
Investments					10			10
Current assets
Debtors					361			110
Cash at bank and in hand					-			251
					361			361
Net assets					371			371
Capital and reserves
Called up share capital		3			4			4
Profit and loss account					367			367
Shareholders' funds					371			371

For the year ending 30 November 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 20 April 2016 and signed on its behalf by:

.........................................
G N Lawton
Chairman

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Premier Fuels Group Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 December 2014		10			10
At 30 November 2015		10			10
Depreciation
At 30 November 2015		-			-
Net book value
At 30 November 2015		10			10
At 30 November 2014		10			10

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Page 2

Premier Fuels Group Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Premier Fuels & Lubricants Limited	England & Wales	Ordinary	100%	The sale of industrial oils and related products
Premier Fuels & Lubricants (Online) Limited	England & Wales	Ordinary	100%	The sale of industrial oils and related products online

The profit for the financial period of Premier Fuels & Lubricants Limited was £105,163 and the aggregate amount of capital and reserves at the end of the period was £338,851.

The profit for the financial period of Premier Fuels & Lubricants (Online) Limited was £48,534 and the aggregate amount of capital and reserves at the end of the period was £38,721.

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £0.00 each		-			-			-			-
Ordinary A shares of £0.01 each		120			1			160			2
Ordinary B shares of £0.01 each		100			1			100			1
Ordinary C shares of £0.01 each		100			1			100			1
		320			3			360			4

On 6 April 2014, the company entered into an unconditional agreement to acquire 200 Ordinary Shares of 1 pence each from Mr WG Buckley for £230,000 with multiple completion dates over 5 years, commencing on 6 April 2014.

On 17 December 2014, the company granted options over 5 Ordinary C Shares to each of four employeesat £535 per share under an Enterprise Management Incentive Scheme.

On 1 December 2015 10 Ordinary B Shares of 1p each were redesignated as 10 Ordinary E Shares of 1p each and 100 Ordinary C Shares of 1p each were redesignated as 90 Ordinary D Shares of 1p each and 10 Ordinary E Shares of 1p each.

4

Control

The company is controlled by G N Lawton, by virtue of him having the casting vote as Chairman of the company.

Page 3