Company Registration No. 08665307 (England and Wales)
Premier Drylining And Plastering Limited
Unaudited accounts
for the year ended 31 August 2017
Premier Drylining And Plastering Limited
Unaudited accounts
Contents
Premier Drylining And Plastering Limited
Company Information
for the year ended 31 August 2017
Company Number
08665307 (England and Wales)
Registered Office
432 Gloucester Road
Horfield
Bristol
BS7 8TX
Accountants
SBMC Business Management Limited
432 Gloucester Rd
Bristol
BS7 8TX
Premier Drylining And Plastering Limited
Statement of financial position
as at 31 August 2017
Tangible assets
2,553
8,195
Cash at bank and in hand
(8,362)
(4,840)
Creditors: amounts falling due within one year
(53,873)
(43,245)
Net current liabilities
(20,236)
(6,275)
Net (liabilities)/assets
(17,683)
1,920
Called up share capital
2
2
Profit and loss account
(17,685)
1,918
Shareholders' funds
(17,683)
1,920
For the year ending 31 August 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 18 December 2017.
I R Gittins
Director
Company Registration No. 08665307
Premier Drylining And Plastering Limited
Notes to the Accounts
for the year ended 31 August 2017
Premier Drylining And Plastering Limited is a private company, limited by shares, registered in England and Wales, registration number 08665307. The registered office is 432 Gloucester Road, Horfield, Bristol, BS7 8TX.
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.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Computer equipment
25% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Premier Drylining And Plastering Limited
Notes to the Accounts
for the year ended 31 August 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2016
7,962
13,535
1,072
22,569
At 31 August 2017
7,962
13,535
1,072
22,569
At 1 September 2016
5,806
8,257
311
14,374
Charge for the year
1,991
3,383
268
5,642
At 31 August 2017
7,797
11,640
579
20,016
At 31 August 2017
165
1,895
493
2,553
At 31 August 2016
2,156
5,278
761
8,195
Work in progress
28,303
29,542
Trade debtors
10,560
9,132
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
4,876
6,796
Taxes and social security
24,825
41,943
Loans from directors
24,172
(12,544)
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).
