Premium Developments Limited - Limited company accounts 11.4

REGISTERED NUMBER: 08465319 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 28 MARCH 2013 TO 31 MARCH 2014

FOR

PREMIUM DEVELOPMENTS LIMITED

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

C Reney-Smith

REGISTERED OFFICE:

36 Dee Park

Holt

Chester

LL13 9YS

REGISTERED NUMBER:

08465319 (England and Wales)

ACCOUNTANTS:

Guild Appleton Limited

Chartered Certified Accountants

Number 19

Old Hall Street

Liverpool

Merseyside

L3 9JQ

The director presents his report with the financial statements of the company for the period 28 March 2013 to 31 March 2014.

INCORPORATION

The company was incorporated on 28 March 2013 .

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of Building and Construction projects

DIRECTOR

C Reney-Smith was appointed as a director on 28 March 2013 and held office during the whole of the period from then to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

K Abbey - Director

19 December 2014

TURNOVER

62,196

Cost of sales

39,871

GROSS PROFIT

22,325

Administrative expenses

6,814

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

15,511

Tax on profit on ordinary activities

3

3,102

PROFIT FOR THE FINANCIAL PERIOD

12,409

CURRENT ASSETS

Debtors

4

17,894

Cash at bank

121

18,015

CREDITORS

Amounts falling due within one year

5

5,604

NET CURRENT ASSETS

12,411

TOTAL ASSETS LESS CURRENT LIABILITIES

12,411

CAPITAL AND RESERVES

Called up share capital

6

2

Profit and loss account

7

12,409

SHAREHOLDERS' FUNDS

12,411

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

The members have not required the company to obtain an audit of its financial statements for the period 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 19 December 2014 and were signed by:

K Abbey - Director

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.

Deferred tax

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

date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

£

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the period was as follows:

£

Current tax:

UK corporation tax

3,102

Tax on profit on ordinary activities

3,102

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

17,762

Other debtors

132

17,894

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1

Taxation and social security

(2,337

)

Other creditors

7,940

5,604

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

2

1 Ordinary share of £1 was issued during the period for cash of £ 1 .

7.

RESERVES

Profit

and loss

account

£

Profit for the period

12,409

At 31 March 2014

12,409