Premier + Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02949985 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Premier + Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms L F Cruickshank

SECRETARY:

J P Cruickshank Esq.

REGISTERED OFFICE:

119 The Hub

300 Kensal Road

London

W10 5BE

REGISTERED NUMBER:

02949985 (England and Wales)

ACCOUNTANT:

Hilton Consulting Limited

119 The Hub

300 Kensal Road

London

W10 5BE

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

7,093

9,457

7,093

9,457

CURRENT ASSETS

Debtors

4

623,142

681,242

Cash at bank and in hand

151,189

322,306

774,331

1,003,548

CREDITORS

Amounts falling due within one year

449,094

630,377

NET CURRENT ASSETS

325,237

373,171

TOTAL ASSETS LESS CURRENT LIABILITIES

332,330

382,628

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

332,328

382,626

SHAREHOLDERS' FUNDS

332,330

382,628

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 29 September 2016 and were signed by:

Ms L F Cruickshank - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 etc

-

25% on cost and 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

6,500

AMORTISATION

At 1 January 2015

and 31 December 2015

6,500

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

94,039

DEPRECIATION

At 1 January 2015

84,582

Charge for year

2,364

At 31 December 2015

86,946

NET BOOK VALUE

At 31 December 2015

7,093

At 31 December 2014

9,457

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 71,732 (31.12.14 - £ 71,732 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

2

Ordinary

£1

2

2

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015 and

31 December 2014:

31.12.15

31.12.14

£

£

Ms L F Cruickshank

Balance outstanding at start of year

286,928

47,328

Amounts advanced

161,406

239,600

Amounts repaid

(154,000

)

-

Balance outstanding at end of year

294,334

286,928

The above is in summary form. The loan has no fixed repayment date and interest is charged at the official rate.