Premierise Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01407130 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Premierise Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J N Fazackerley

Mrs J M Fazackerley

R N Fazackerley

SECRETARY:

Mrs J M Fazackerley

REGISTERED OFFICE:

Foxhall Lodge

Foxhall Road

Nottingham

Nottinghamshire

NG7 6LH

REGISTERED NUMBER:

01407130 (England and Wales)

ACCOUNTANTS:

Staniforth & Co

Foxhall Lodge

Foxhall Road

Nottingham

Nottinghamshire

NG7 6LH

FIXED ASSETS

Tangible assets

4

170,000

CURRENT ASSETS

Debtors

5

41,700

38,418

Cash at bank

45,932

45,696

87,632

84,114

CREDITORS

Amounts falling due within one
year

6

15,890

15,495

NET CURRENT ASSETS

71,742

68,619

TOTAL ASSETS LESS CURRENT
LIABILITIES

241,742

238,619

CAPITAL AND RESERVES

Called up share capital

1,000

Revaluation reserve

7

41,949

Retained earnings

198,793

195,670

SHAREHOLDERS' FUNDS

241,742

238,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 18 December 2017 and
were signed on its behalf by:

Mrs J M Fazackerley - Director

1.	STATUTORY INFORMATION

Premierise 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.

Tangible fixed assets

All fixed assets are initially recorded at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2016

and 31 March 2017

170,000

NET BOOK VALUE

At 31 March 2017

170,000

At 31 March 2016

170,000

The directors are of the opinion that there is no significant difference between the

present market value of the property (valued by Salloway and Associates on 6th October

2003 at £200,000) and the amount at which it is stated in the accounts.The freehold

property is reviewed annually by the directors for impairment.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade debtors

41,700

36,955

Other debtors

-

1,463

41,700

38,418

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Taxation and social security

1,040

-

Other creditors

14,850

15,495

15,890

15,495

7.

RESERVES

Revaluation

reserve

£

At 1 April 2016

and 31 March 2017

41,949

8.	RELATED PARTY DISCLOSURES

During the year Premierise Limited received rent amounting to £10,800 (2016-£10,800)

on normal commercial terms from Premier Garage (Derby) Ltd a company in which Mr J

N Fazackerley is a director. The balance owing to Premierise Limited at 31 March 2017

was £8,212 (2016 - £6,053).

Premierise Limited - Accounts to registrar (filleted) - small 17.3

Premierise Limited - Accounts to registrar (filleted) - small 17.3