Premiair Limited - Limited company - abbreviated - 11.6

Premiair Limited - Limited company - abbreviated - 11.6

PREMIAIR LIMITED - Company Information

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REGISTERED NUMBER: 04558880 (England and Wales)



















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

PREMIAIR LIMITED

PREMIAIR LIMITED (REGISTERED NUMBER: 04558880)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PREMIAIR LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2014







DIRECTOR: Mr E S Yearwood





SECRETARY: Mrs G Yearwood





REGISTERED OFFICE: Prospero House
46-48 Rothesay Road
Luton
Bedfordshire
LU1 1QZ





REGISTERED NUMBER: 04558880 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
Prospero House
46-48 Rothesay Road
Luton
Bedfordshire
LU1 1QZ
Page 1
PREMIAIR LIMITED (REGISTERED NUMBER: 04558880)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 6,395 7,435

CURRENT ASSETS
Stocks 648 662
Debtors 34,222 41,304
Cash at bank 18,486 25,001
53,356 66,967
CREDITORS
Amounts falling due within one year 45,438 57,408
NET CURRENT ASSETS 7,918 9,559
TOTAL ASSETS LESS CURRENT
LIABILITIES
14,313
16,994

PROVISIONS FOR LIABILITIES 893 674
NET ASSETS 13,420 16,320

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 13,320 16,220
SHAREHOLDERS' FUNDS 13,420 16,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 4 December 2014 and were signed by:




Mr E S Yearwood - Director


The notes form part of these abbreviated accounts

Page 2
PREMIAIR LIMITED (REGISTERED NUMBER: 04558880)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 MARCH 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 27,406
Additions 1,610
Disposals (1,481 )
At 31 March 2014 27,535
DEPRECIATION
At 1 April 2013 19,971
Charge for year 2,235
Eliminated on disposal (1,066 )
At 31 March 2014 21,140
NET BOOK VALUE
At 31 March 2014 6,395
At 31 March 2013 7,435

Page 3 continued...
PREMIAIR LIMITED (REGISTERED NUMBER: 04558880)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 MARCH 2014

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

4. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,900 (2013 - £25,000) were paid to the director .

Mr E S Yearwood
Director and shareholder


Use of home was paid to the director £624 (2013 - £624).

2014 2013
£    £   
Amount due to related party at the balance sheet date 23,138 24,828

Mrs G Yearwood

Company secretary and shareholder


During the year, total dividends paid amounted to £15,900 (2013 - £25,000)

5. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs E S Yearwood by virtue of their shareholding.

Page 4