PREMIER TYRES (CADISHEAD) LIMITED

PREMIER TYRES (CADISHEAD) LIMITED

PREMIER TYRES (CADISHEAD) LIMITED - Company Information

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Company Registration No. 5395059 (England and Wales)
PREMIER TYRES (CADISHEAD) LIMITED Unaudited accounts for the year ended 31 March 2017
PREMIER TYRES (CADISHEAD) LIMITED Unaudited accounts Contents
Page
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PREMIER TYRES (CADISHEAD) LIMITED Company Information for the year ended 31 March 2017
Director
DAVIS PATRICK ROBINSON
Company Number
5395059 (England and Wales)
Registered Office
99-101 LIVERPOOL ROAD CADISHEAD MANCHESTER M44 5BG ENGLAND
Accountants
ACCOUNTANCY SERVICES 4 BUSINESS LTD 1st Floor 621- 629 Liverpool Road Irlam Manchester M44 5BE
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PREMIER TYRES (CADISHEAD) LIMITED Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
21,204 
22,608 
Current assets
Inventories
5
10,000 
10,000 
Debtors
6
3,145 
21,127 
Cash at bank and in hand
431 
1,421 
13,576 
32,548 
Creditors: amounts falling due within one year
7
(14,742)
(23,145)
Net current (liabilities)/assets
(1,166)
9,403 
Total assets less current liabilities
20,038 
32,011 
Creditors: amounts falling due after more than one year
8
(10,173)
(17,394)
Net assets
9,865 
14,617 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
9,863 
14,615 
Shareholders' funds
9,865 
14,617 
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 December 2017.
DAVIS PATRICK ROBINSON Director Company Registration No. 5395059
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PREMIER TYRES (CADISHEAD) LIMITED Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
PREMIER TYRES (CADISHEAD) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 5395059. The registered office is 99-101 LIVERPOOL ROAD, CADISHEAD, MANCHESTER, M44 5BG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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PREMIER TYRES (CADISHEAD) LIMITED Notes to the Accounts for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2016
41,748 
Additions
3,250 
At 31 March 2017
44,998 
Depreciation
At 1 April 2016
19,140 
Charge for the year
4,654 
At 31 March 2017
23,794 
Net book value
At 31 March 2017
21,204 
At 31 March 2016
22,608 
5
Inventories
2017 
2016 
£ 
£ 
Raw materials
10,000 
10,000 
10,000 
10,000 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
3,145 
7,101 
Accrued income and prepayments
- 
5,000 
Other debtors
- 
9,026 
3,145 
21,127 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Bank loans and overdrafts
6,616 
2,688 
Trade creditors
5,595 
5,379 
Taxes and social security
10,943 
11,660 
Loans from directors
(9,952)
- 
Accruals
1,540 
3,418 
14,742 
23,145 
8
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Obligations under finance leases and hire purchase contracts
10,173 
17,394 
9
Average number of employees
During the year the average number of employees was 3 (2016: 3).
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