Premier Yacht Surveys Limited - Period Ending 2016-03-31

Registration number: 06469223

Premier Yacht Surveys Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Premier Yacht Surveys Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Premier Yacht Surveys Limited
(Registration number: 06469223)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,071			1,260
Current assets
Debtors					622			923
Cash at bank and in hand					832			1,627
					1,454			2,550
Creditors: Amounts falling due within one year					(2,017)			(1,080)
Net current (liabilities)/assets					(563)			1,470
Total assets less current liabilities					508			2,730
Provisions for liabilities					(214)			(252)
Net assets					294			2,478
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					292			2,476
Shareholders' funds					294			2,478

Page 1

Premier Yacht Surveys Limited
(Registration number: 06469223)
Abbreviated Balance Sheet at 31 March 2016

For the year ending 31 March 2016 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 director acknowledges his 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 director on 23 September 2016

Mr S J Pitman Director

Page 2

Premier Yacht Surveys Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2016

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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of work undertaken for customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	15% of written down value

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Premier Yacht Surveys Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2016

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		2,598			2,598
At 31 March 2016		2,598			2,598
Depreciation
At 1 April 2015		1,338			1,338
Charge for the year		189			189
At 31 March 2016		1,527			1,527
Net book value
At 31 March 2016		1,071			1,071
At 31 March 2015		1,260			1,260

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A shares of £1 each		2			2			2			2

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr S J Pitman
Loan account	1,052	1,052	1,108	1,129

Page 4