Abbreviated Company Accounts - PREMIER MOTORS LTD

PREMIER MOTORS LTD - Company Information

07595701 PREMIER MOTORS LTD 2016-03-31 false 2015-04-01 2016-03-31 true 07595701 2015-04-01 2016-03-31 07595701 2016-03-31 07595701 2015-03-31 07595701 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07595701 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director4 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director4 2016-03-31 uk-gaap-cd-bus:Director4 2015-03-31 iso4217:GBP shares

Registered Number 07595701

PREMIER MOTORS LTD

Abbreviated Accounts

31 March 2016

PREMIER MOTORS LTD Registered Number 07595701

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,962	1,817
		4,962	1,817
Current assets
Stocks		267,757	206,525
Debtors		-	2,850
Cash at bank and in hand		105,521	90,207
		373,278	299,582
Creditors: amounts falling due within one year		(221,926)	(222,805)
Net current assets (liabilities)		151,352	76,777
Total assets less current liabilities		156,314	78,594
Total net assets (liabilities)		156,314	78,594
Capital and reserves
Called up share capital		100	100
Profit and loss account		156,214	78,494
Shareholders' funds		156,314	78,594

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 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 30 November 2016

And signed on their behalf by:
Adil Arshad, Director

PREMIER MOTORS LTD Registered Number 07595701

Notes to the Abbreviated Accounts for the period ended 31 March 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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers

2Tangible fixed assets

	£
Cost
At 1 April 2015	2,625
Additions	4,386
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	7,011
Depreciation
At 1 April 2015	808
Charge for the year	1,241
On disposals	-
At 31 March 2016	2,049
Net book values
At 31 March 2016	4,962
At 31 March 2015	1,817

3Transactions with directors

Name of director receiving advance or credit:	Adil Arshad
Description of the transaction:	Director loan Credit balance -
Balance at 1 April 2015:	£ 93,282
Advances or credits made:	£ 11,483
Advances or credits repaid:	£ 30,000
Balance at 31 March 2016:	£ 74,765

Name of director receiving advance or credit:	F Shaikh
Description of the transaction:	Director's Loan account credit balance
Balance at 1 April 2015:	£ 89,980
Advances or credits made:	£ 0
Advances or credits repaid:	£ 0
Balance at 31 March 2016:	£ 89,980