Premier Cooling Services Limited - Accounts to registrar (filleted) - small 17.3

Premier Cooling Services Limited - Accounts to registrar (filleted) - small 17.3

PREMIER COOLING SERVICES LTD - Company Information

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REGISTERED NUMBER: 03037152 (England and Wales)















Financial Statements for the Year Ended 31 March 2017

for

Premier Cooling Services Limited
Premier Cooling Services Limited (Registered number: 03037152)

Contents of the Financial Statements
for the Year Ended 31 March 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Premier Cooling Services Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: D Scarborough
J Scarborough
Mrs A Scarborough





SECRETARY: Mrs A Scarborough





REGISTERED OFFICE: New Premier House
47 Nork Way
Banstead
Surrey
SM7 1PB





REGISTERED NUMBER: 03037152 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS
Page 1
Premier Cooling Services Limited (Registered number: 03037152)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 659 830
Investments 5 100 100
759 930

CURRENT ASSETS
Inventories 34,721 41,531
Debtors 6 545,456 383,147
Cash at bank 150,064 105,468
730,241 530,146
CREDITORS
Amounts falling due within one year 7 (464,429 ) (455,814 )
NET CURRENT ASSETS 265,812 74,332
TOTAL ASSETS LESS CURRENT LIABILITIES 266,571 75,262

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 266,471 75,162
SHAREHOLDERS' FUNDS 266,571 75,262

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 1 December 2017 and were signed on
its behalf by:




Mrs A Scarborough - Director


The notes form part of these financial statements

Page 2
Premier Cooling Services Limited (Registered number: 03037152)

Notes to the Financial Statements
for the Year Ended 31 March 2017


1. STATUTORY INFORMATION

Premier Cooling Services 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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value
added tax. Where contractual obligations have been partially performed at the balance sheet date,
revenue is recognised to the extent that the company has obtained the right to consideration through
its performance.

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 - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing inventories to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

Page 3 continued...
Premier Cooling Services Limited (Registered number: 03037152)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 April 2016 2,915
Additions 1,186
At 31 March 2017 4,101
DEPRECIATION
At 1 April 2016 2,085
Charge for year 1,357
At 31 March 2017 3,442
NET BOOK VALUE
At 31 March 2017 659
At 31 March 2016 830

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2016
and 31 March 2017 100
NET BOOK VALUE
At 31 March 2017 100
At 31 March 2016 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 380,211 253,499
Amounts owed by group undertakings 157,748 86,248
Other debtors 4,118 3,618
Directors' current accounts - 5,814
VAT - 31,198
Prepayments and accrued income 3,379 2,770
545,456 383,147

Page 4 continued...
Premier Cooling Services Limited (Registered number: 03037152)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Hire purchase contracts 12,513 -
Trade creditors 248,371 294,635
Amounts owed to group undertakings 113,369 142,994
Tax 48,488 4,248
Social security and other taxes 5,883 3,350
VAT 24,186 -
Other creditors 4,636 4,369
Accruals and deferred income 6,983 6,218
464,429 455,814

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of J & A Holdings Limited who's registered address is: New
Premier House, 47 Nork Way, Banstead, Surrey, SM7 1PB.

9. FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102 (Section 1A).

Neither the opening equity, nor the profit or loss were affected as a result of the transition from UK GAAP
to FRS 102 (Section 1A).


Page 5