Premier Stone & Mosaic Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06471770 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Premier Stone & Mosaic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J C Lang

SECRETARY:

J Warrington

REGISTERED OFFICE:

18 Brockley Crescent

Collier Row

Romford

Essex

RM5 3JX

REGISTERED NUMBER:

06471770 (England and Wales)

ACCOUNTANTS:

CHARLES PETER & Co.

Charles House

359 Eastern Avenue

Gants Hill, Ilford

Essex

IG2 6NE

FIXED ASSETS

Tangible assets

4

199

265

CURRENT ASSETS

Debtors

5

5,362

4,314

Cash at bank and in hand

201

214

5,563

4,528

CREDITORS

Amounts falling due within one year

6

5,558

4,188

NET CURRENT ASSETS

5

340

TOTAL ASSETS LESS CURRENT LIABILITIES

204

605

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

203

604

SHAREHOLDERS' FUNDS

204

605

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 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 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 director on 18 December 2017 and were signed by:

J C Lang - Director

1.	STATUTORY INFORMATION

Premier Stone & Mosaic 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

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

-

25% on reducing balance

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

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

2,650

DEPRECIATION

At 1 April 2016

2,385

Charge for year

66

At 31 March 2017

2,451

NET BOOK VALUE

At 31 March 2017

199

At 31 March 2016

265

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

5,362

4,314

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

1,660

1,688

Taxation and social security

2,298

900

Other creditors

1,600

1,600

5,558

4,188

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director's current account was overdrawn contrary to the provisions of s330(2) of the Companies

Act 1985. The maximum amount outstanding during the period was £3,783.87, including £145.53 interest calculated

in accordance with Inland Revenue official rates of interest.