Premier Crew Hospitality Ltd - Accounts

PREMIER CREW EVENTS LIMITED - Company Information

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Registered Number : 07661141

PREMIER CREW HOSPITALITY LTD

Abbreviated Accounts

Period of accounts

Start date: 01 June 2015

End date: 31 May 2016

Premier Crew Hospitality Ltd
Contents Page
For the year ended 31 May 2016

Balance Sheet
Notes to the Financial Statement

Premier Crew Hospitality Ltd
Balance Sheet
As at 31 May 2016

	Notes	2016 £	2015 £
Fixed assets
Tangible fixed assets	2	7,254	9,057
		7,254	9,057
Current assets
Stocks		3,975	0
Debtors		2,558	7,279
Cash at bank and in hand		15,921	7,212
		22,454	14,491
Creditors: amount falling due within one year		(66,992)	(49,580)
Net current assets		(44,538)	(35,089)
Total assets less current liabilities		(37,284)	(26,032)
Net assets		(37,284)	(26,032)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(37,285)	(26,033)
Shareholders funds		(37,284)	(26,032)

For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

Signed on behalf of the board of directors

--------------------------------
Naomi Pitt Roche
Director

Date approved by the board: 15 February 2017

Premier Crew Hospitality Ltd
Notes to the Abbreviated Financial Statements
For the year ended 31 May 2016

Accounting Policies

Basis of accounting

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

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

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

Tangible fixed assets

Cost or Valuation	Plant and Machinery	Computer Equipment	Total
	£	£	£
At 01 June 2015	16,971	600	17,571
Additions	726	575	1,301
Disposals	-	-	-
At 31 May 2016	17,697	1,175	18,872
Depreciation
At 01 June 2015	8,251	263	8,514
Charge for year	2,876	228	3,104
On disposals	-	-	-
At 31 May 2016	11,127	491	11,618
Net book values
At 31 May 2016	6,570	684	7,254
At 01 June 2015	8,720	337	9,057

Share Capital

Authorised
1 Ordinary shares of £1.00 each

Allotted	2016 £		2015 £
1 Ordinary shares of £1.00 each	1		1
	1		1