Premiere Machines Ltd - Period Ending 2017-03-31

Registration number: 04190801

Premiere Machines Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

Welbourne & Co Ltd
Chartered Certified Accountants
16 Birch Grove
Elm, Wisbech
Cambridgeshire
PE14 0AP

Premiere Machines Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 6
Notes to the Financial Statements	4

Premiere Machines Ltd

Company Information

Directors	Mr Anthony Lagreca Mr Frank Peter William Van de Ven

Registered office

17 Fenland Road Wisbech Cambridgeshire PE13 3QB

Accountants

Welbourne & Co Ltd Chartered Certified Accountants 16 Birch Grove Elm, Wisbech Cambridgeshire PE14 0AP

Page 1

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Premiere Machines Ltd
for the Year Ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Premiere Machines Ltd for the year ended 31 March 2017 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Premiere Machines Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Premiere Machines Ltd and state those matters that we have agreed to state to the Board of Directors of Premiere Machines Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Premiere Machines Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Premiere Machines Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Premiere Machines Ltd. You consider that Premiere Machines Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Premiere Machines Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Welbourne & Co Ltd
Chartered Certified Accountants
16 Birch Grove
Elm, Wisbech
Cambridgeshire
PE14 0AP

27 December 2017

Page 2

Premiere Machines Ltd

(Registration number: 04190801)
Balance Sheet as at 31 March 2017

	Note	2017 £	2016 £
Fixed assets		29	35
Current assets		54,900	54,819
Creditors: Amounts falling due within one year		(200,498)	(188,125)
Net current liabilities		(145,598)	(133,306)
Total assets less current liabilities		(145,569)	(133,271)
Creditors: Amounts falling due after more than one year		(400,000)	(400,000)
Accruals and deferred income		(700)	(700)
		(546,269)	(533,971)
Capital and reserves		(546,269)	(533,971)

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 3

Premiere Machines Ltd

(Registration number: 04190801)
Balance Sheet as at 31 March 2017

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

1	General information

The company is a private company limited by share capital incorporated in England & Wales.

The address of its registered office is:
17 Fenland Road
Wisbech
Cambridgeshire
PE13 3QB

These financial statements were authorised for issue by the Board on 27 December 2017.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Related party transactions

Transactions with directors

2017	At 1 April 2016 £	Repayments by director £	At 31 March 2017 £
Mr Anthony Lagreca
During the year a loan continued to be in place from Edmar Corporation, A company in which Mr A Lagreca has an interest. No interest was charged on this amount. It is repayable on demand.	529,587	-	529,587
During the year a loan continued to be in place from Mr A Lagreca. No interest was charged on this amount. It was repayable on demand.	42,305	-	42,305
	571,892	-	571,892
Mr Frank Peter William Van de Ven
During the year a loan continued to be in place from FCT Infrastructure, a company owned by Mr F Van de Ven. No interest was charged on this amount. It was repayable on demand.	15,016	4,068	19,084
	15,016	4,068	19,084

2016

At 1 April 2015 £

At 31 March 2016 £

Page 4

Premiere Machines Ltd

(Registration number: 04190801)
Balance Sheet as at 31 March 2017

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

Mr Anthony Lagreca
During the year a loan continued to be in place from Edmar Corporation, A company in which Mr A Lagreca has an interest. No interest was charged on this amount. It is repayable on demand.	529,587	529,587
During the year a loan continued to be in place from Mr A Lagreca. No interest was charged on this amount. It was repayable on demand.	42,305	42,305
	571,892	571,892
Mr Frank Peter William Van de Ven
During the year a loan continued to be in place from FCT Infrastructure, a company owned by Mr F Van de Ven. No interest was charged on this amount. It was repayable on demand.	15,016	15,016
	15,016	15,016

Page 5

Premiere Machines Ltd

(Registration number: 04190801)
Balance Sheet as at 31 March 2017

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 27 December 2017 and signed on its behalf by:
 

.........................................

Mr Frank Peter William Van de Ven

Director

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 6