Premier Lifting and Safety Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06965654 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Premier Lifting and Safety Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

L Chandler

REGISTERED OFFICE:

The Mews

Hounds Road

Chipping Sodbury

Bristol

S Gloucestershire

BS37 6EE

BUSINESS ADDRESS:

Unit 11 Dean Court

Dean Road

Great Western Business Park

Yate

BS37 5NJ

REGISTERED NUMBER:

06965654 (England and Wales)

ACCOUNTANTS:

Derek J Stenner Ltd

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

FIXED ASSETS

Tangible assets

4

7,327

8,061

CURRENT ASSETS

Stocks

8,800

5,000

Debtors

5

80,369

81,952

Cash at bank

71,126

98,320

160,295

185,272

CREDITORS

Amounts falling due within one year

6

114,727

152,368

NET CURRENT ASSETS

45,568

32,904

TOTAL ASSETS LESS CURRENT LIABILITIES

52,895

40,965

CREDITORS

Amounts falling due after more than one year

7

(360

)

(1,799

)

PROVISIONS FOR LIABILITIES

(1,392

)

(1,612

)

NET ASSETS

51,143

37,554

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

51,142

37,553

SHAREHOLDERS' FUNDS

51,143

37,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 September 2018 and were signed by:

L Chandler - Director

1.	STATUTORY INFORMATION

Premier Lifting and Safety 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

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 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2017

10,632

10,595

2,267

23,494

Additions

-

-

1,981

1,981

At 31 December 2017

10,632

10,595

4,248

25,475

DEPRECIATION

At 1 January 2017

8,795

4,944

1,694

15,433

Charge for year

459

1,413

843

2,715

At 31 December 2017

9,254

6,357

2,537

18,148

NET BOOK VALUE

At 31 December 2017

1,378

4,238

1,711

7,327

At 31 December 2016

1,837

5,651

573

8,061

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2017

and 31 December 2017

6,995

DEPRECIATION

At 1 January 2017

4,044

Charge for year

738

At 31 December 2017

4,782

NET BOOK VALUE

At 31 December 2017

2,213

At 31 December 2016

2,951

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

78,829

80,752

Other debtors

1,540

1,200

80,369

81,952

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts (see note 8)

1,439

1,439

Trade creditors

74,880

87,556

Taxation and social security

8,338

18,253

Other creditors

30,070

45,120

114,727

152,368

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts (see note 8)

360

1,799

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2017

2016

£

£

Net obligations repayable:

Within one year

1,439

1,439

Between one and five years

360

1,799

1,799

3,238

Non-cancellable operating

leases

2017

2016

£

£

Within one year

7,440

7,440

9.	OTHER FINANCIAL COMMITMENTS

The company's hire purchase contract is at a market rate of interest.

Further interest of £494 (2016 £890) will be payable on this contract, of which £396 (2016 £396) is due within 1 year.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Premier Lifting and Safety Limited for the year ended 31 December 2017 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given

us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Premier Lifting and Safety Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Premier Lifting and Safety Limited and state those matters that we have agreed to state to the director of Premier Lifting and Safety Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Premier Lifting and Safety Limited and its director for our work or for this report.

It is your duty to ensure that Premier Lifting and Safety Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Premier Lifting and Safety Limited. You consider that Premier Lifting and Safety Limited 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 financial statements of Premier Lifting and Safety Limited. 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 financial statements.

Derek J Stenner Ltd

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

Date: .............................................