PREMIER_LEGAL_SERVICES_LI - Accounts

PREMIER LEGAL SERVICES LIMITED - Company Information

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Company Registration No. 04488793 (England and Wales)

PREMIER LEGAL SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

PREMIER LEGAL SERVICES LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

PREMIER LEGAL SERVICES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PREMIER LEGAL SERVICES LIMITED FOR THE YEAR ENDED 30 JUNE 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Premier Legal Services Limited for the year ended 30 June 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Premier Legal Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Premier Legal Services Limited and state those matters that we have agreed to state to the Board of Directors of Premier Legal Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Premier Legal Services Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Premier Legal Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Premier Legal Services Limited. You consider that Premier Legal Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Premier Legal Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carpenter Box

7 February 2017

Chartered Accountants

Amelia House

Crescent Road

Worthing

West Sussex

BN11 1QR

PREMIER LEGAL SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 2 -

2016

2015

Notes

Fixed assets

Intangible assets

4,200

8,400

Tangible assets

3,706

4,941

7,906

13,341

Current assets

Debtors

230,321

267,264

Cash at bank and in hand

223,915

198,547

454,236

465,811

Creditors: amounts falling due within one year

(398,888)

(465,190)

Net current assets

55,348

621

Total assets less current liabilities

63,254

13,962

Provisions for liabilities

(540)

(700)

62,714

13,262

Capital and reserves

Called up share capital

933

Profit and loss account

61,781

12,329

Shareholder's funds

62,714

13,262

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 February 2017

Mr A J C Percival

Director

Company Registration No. 04488793

PREMIER LEGAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for services provided net of VAT.

1.3

Franchise

The franchise is shown at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over its estimated useful life, which is considered to be five years.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% per annum reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 July 2015 & at 30 June 2016

99,000

37,858

136,858

Depreciation

At 1 July 2015

90,600

32,917

123,517

Charge for the period

4,200

1,235

5,435

At 30 June 2016

94,800

34,152

128,952

Net book value

At 30 June 2016

4,200

3,706

7,906

At 30 June 2015

8,400

4,941

13,341

PREMIER LEGAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

700 Ordinary shares of £1 each

700

233 Ordinary A shares of £1 each

233

933

Ultimate parent company

The immediate and ultimate parent company is Southern Legal Services Limited, a company registered in England and Wales. Copies of the company's accounts can be obtained from 82/84 Crabtree Lane, Lancing, West Sussex, BN15 9PJ.

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr A J C Percival -

22,255

88,169

77,113

33,311

22,255

88,169

77,113

33,311