Primeflair Management Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03137649 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Primeflair Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr V Archeou

SECRETARY:

Mr A Archeou

REGISTERED OFFICE:

130a Darkes Lane

Potters Bar

Hertfordshire

EN6 1AF

REGISTERED NUMBER:

03137649 (England and Wales)

ACCOUNTANTS:

CAS MCGEE LTD

Chartered Certified Accountants

130a Darkes Lane

Potters Bar

Hertfordshire

EN6 1AF

CURRENT ASSETS

Debtors

5

375

4,474

Cash at bank and in hand

22,401

5,156

22,776

9,630

CREDITORS

Amounts falling due within one year

6

17,260

4,863

NET CURRENT ASSETS

5,516

4,767

TOTAL ASSETS LESS CURRENT LIABILITIES

5,516

4,767

PROVISIONS FOR LIABILITIES

7

5

7

NET ASSETS

5,511

4,760

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

5,411

4,660

SHAREHOLDERS' FUNDS

5,511

4,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 8 August 2018 and were signed by:

Mr V Archeou - Director

1.	STATUTORY INFORMATION

Primeflair Management 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.

Fixtures and fittings

-

15% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2017

and 31 March 2018

1,139

DEPRECIATION

At 1 April 2017

and 31 March 2018

1,139

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

-

4,000

Prepayments and accrued income

375

474

375

4,474

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Tax

2,020

-

Social security and other taxes

183

-

Proposed dividends

7,680

-

Directors' current accounts

5,385

3,189

Accrued expenses

1,992

1,674

17,260

4,863

7.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

£

£

Deferred tax

Accelerated capital allowances

(2

)

-

Deferred tax

7

7

5

7

Deferred

tax

£

Balance at 1 April 2017

7

Provided during year

(2

)

Balance at 31 March 2018

5

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Share capital 1

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2017

4,660

Profit for the year

8,751

Dividends

(8,000

)

At 31 March 2018

5,411

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and

31 March 2017:

31.3.18

31.3.17

£

£

Mr V Archeou

Balance outstanding at start of year

(3,189

)

-

Amounts advanced

(2,196

)

(3,189

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(5,385

)

(3,189

)

At the year end the amount of £5,385 (2017: £3,189) which was owed by the company to the director, was lend

to the company interest free and without any other repayment terms attached to it.