Premier + Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02949985 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Premier + Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

4

-

-

Tangible assets

5

5,320

7,093

5,320

7,093

CURRENT ASSETS

Debtors

6

770,658

623,142

Cash at bank and in hand

139,810

151,189

910,468

774,331

CREDITORS

Amounts falling due within one year

7

473,603

449,094

NET CURRENT ASSETS

436,865

325,237

TOTAL ASSETS LESS CURRENT LIABILITIES

442,185

332,330

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

442,183

332,328

SHAREHOLDERS' FUNDS

442,185

332,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 September 2017 and were signed by:

Ms L F Cruickshank - Director

1.	STATUTORY INFORMATION

Premier + Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2016

and 31 December 2016

6,500

AMORTISATION

At 1 January 2016

and 31 December 2016

6,500

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

94,039

DEPRECIATION

At 1 January 2016

86,946

Charge for year

1,773

At 31 December 2016

88,719

NET BOOK VALUE

At 31 December 2016

5,320

At 31 December 2015

7,093

6.

DEBTORS

31.12.16

31.12.15

£

£

Amounts falling due within one year:

Trade debtors

706,466

655,056

Other debtors

7,500

7,500

Artist accounts

(409,514

)

(418,028

)

Directors' current accounts

358,794

294,334

Tax

(433

)

-

Prepayments

17,713

12,548

680,526

551,410

Amounts falling due after more than one year:

Tax

90,132

71,732

Aggregate amounts

770,658

623,142

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

66,892

66,326

Amounts owed to group undertakings

40,022

61,852

Tax

68,189

74,136

Social security and other taxes

14,373

16,246

VAT

65,439

65,676

Other creditors

175,018

141,903

Credit card

27,894

11,231

Pension creditor

397

-

Accrued expenses

15,379

11,724

473,603

449,094

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and

31 December 2015:

31.12.16

31.12.15

£

£

Ms L F Cruickshank

Balance outstanding at start of year

294,334

286,928

Amounts advanced

141,460

161,406

Amounts repaid

(77,000

)

(154,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

358,794

294,334

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

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director, L F Cruickshank by virtue of the 100% shareholding held in the

holding company, Premier + Holdings Limited.