Premier Trading Solutions Ltd,Ltd - AccountsLtd - Accounts

Premier Trading Solutions Ltd,Ltd - AccountsLtd - Accounts

PREMIER TRADING SOLUTIONS LIMITED - Company Information

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2017-05-01 07238445 2018-04-30 07238445 2017-05-01 2018-04-30 07238445 2017-04-30 07238445 2016-05-01 2017-04-30 07238445 uk-core:WithinOneYear 2017-04-30 07238445 uk-core:WithinOneYear 2018-04-30 07238445 uk-core:ShareCapital 2018-04-30 07238445 uk-core:ShareCapital 2017-04-30 07238445 uk-core:RetainedEarningsAccumulatedLosses 2018-04-30 07238445 uk-core:RetainedEarningsAccumulatedLosses 2017-04-30 07238445 uk-bus:Director1 2017-05-01 2018-04-30 07238445 uk-core:FurnitureFittings 2017-05-01 2018-04-30 iso4217:GBP 07238445 uk-bus:AuditExemptWithAccountantsReport 2017-05-01 2018-04-30 07238445 uk-bus:FRS102 2017-05-01 2018-04-30 07238445 uk-bus:FullAccounts 2017-05-01 2018-04-30 07238445 uk-bus:PrivateLimitedCompanyLtd 2017-05-01 2018-04-30
Premier Trading Solutions Ltd
Registered Number:07238445
For the year ended 30 April 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2018
Premier Trading Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 April 2018
Premier Trading Solutions Ltd
Statement of Financial Position
Registered Number :
07238445
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
231
308
2
231
308
Current assets
Inventories
3,000
3,000
3
Trade and other receivables
-
2,069
4
66,871
Cash and cash equivalents
20,094
25,163
69,871
Trade and other payables: amounts falling due within one
year
(38,564)
(25,394)
5
31,307
(231)
Net current liabilities
Total assets less current liabilities
-
31,615
-
Net assets/liabilities
31,615
Capital and reserves
Called up share capital
1
1
Retained earnings
(1)
31,614
-
31,615
Shareholders' funds
For the year ended 30 April 2018 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 of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Shangara Singh Director
These financial statements were approved and authorised for issue by the Board on 31 July 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 April 2018
Premier Trading Solutions Ltd
Notes to the Financial Statements
Statutory Information
Premier Trading Solutions Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07238445.
Principal place of business:
The Bridge Pub
Wenlock Road
South Shields
Tyne & Wear
NE34 9AZ
Registered address:
5a Station Terrace
East Boldon
Tyne & Wear
NE36 0LJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historic cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 3
5
For the year ended 30 April 2018
Premier Trading Solutions Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 May 2017
1,735
At 30 April 2018
1,735
Provision for depreciation and impairment
At 01 May 2017
1,427
Charge for year
77
At 30 April 2018
1,504
At 30 April 2018
Net book value
231
At 30 April 2017
308
3. Inventories
2017
2018
£
£
Stocks
3,000
3,000
4. Trade and other receivables
2017
2018
£
£
Other debtors
2,069
-
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
15,629
11,355
Taxation and social security
9,105
12,059
Other creditors
660
15,150
25,394
38,564
3 of 3