Abbreviated Company Accounts - PREMIER TREE SERVICES LIMITED

PREMIER TREE SERVICES LIMITED - Company Information

05094315 PREMIER TREE SERVICES LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 05094315 2015-06-01 2016-05-31 05094315 2016-05-31 05094315 2015-05-31 05094315 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 05094315 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 05094315

PREMIER TREE SERVICES LIMITED

Abbreviated Accounts

31 May 2016

PREMIER TREE SERVICES LIMITED Registered Number 05094315

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	198,458	129,682
		198,458	129,682
Current assets
Stocks		5,410	27,327
Debtors		124,050	112,228
Cash at bank and in hand		182,479	200,832
		311,939	340,387
Creditors: amounts falling due within one year		(75,817)	(98,586)
Net current assets (liabilities)		236,122	241,801
Total assets less current liabilities		434,580	371,483
Creditors: amounts falling due after more than one year		(67,154)	(42,770)
Total net assets (liabilities)		367,426	328,713
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		367,424	328,711
Shareholders' funds		367,426	328,713

For the year ending 31 May 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 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 2 November 2016

And signed on their behalf by:
Stephen Tomlin, Director
Joanne Lackenby, Director

PREMIER TREE SERVICES LIMITED Registered Number 05094315

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the financial statements represents sales during the year derived from the company's principal activity carried out wholly in the UK exclusive of VAT.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 20% Straight Line
Fixtures and Fittings 20% Straight Line
Motor Vehicles 20% Straight Line
Office Equipment 20% Straight Line

Other accounting policies
Transactions with directors
There were no transactions with directors.

Related party disclosures
The company was under the control of Mr S Tomlin and Miss J Lackenby throughout the current year by virtue of there majority shareholdings.

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits of risks and ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments
Financial Liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual terms of share capital do not have any terms meeting the definition of financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 June 2015	390,033
Additions	138,876
Disposals	(64,889)
Revaluations	-
Transfers	-
At 31 May 2016	464,020
Depreciation
At 1 June 2015	260,351
Charge for the year	66,966
On disposals	(61,755)
At 31 May 2016	265,562
Net book values
At 31 May 2016	198,458
At 31 May 2015	129,682

Included in the NBV of £198,458 is £85,530 relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £24,860

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2