Premier Travel Centre Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC305800 (Scotland)

Unaudited Financial Statements for the Year Ended 31 July 2018

for

Premier Travel Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R H Blackhall

SECRETARY:

K Blackhall

REGISTERED OFFICE:

23 High Street

Strathmiglo

Fife

KY14 7QA

REGISTERED NUMBER:

SC305800 (Scotland)

ACCOUNTANTS:

Colin Thomson & Co

Chartered Accountants

23 High Street

Strathmiglo

Fife

KY14 7QA

FIXED ASSETS

Tangible assets

3

962

668

CURRENT ASSETS

Debtors

4

153

-

Cash at bank and in hand

8,405

4,162

8,558

4,162

CREDITORS

Amounts falling due within one year

5

6,950

3,783

NET CURRENT ASSETS

1,608

379

TOTAL ASSETS LESS CURRENT LIABILITIES

2,570

1,047

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,568

1,045

SHAREHOLDERS' FUNDS

2,570

1,047

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 24 January 2019 and were signed by:

R H Blackhall - Director

1.	STATUTORY INFORMATION

Premier Travel Centre Limited is a private company, limited by shares , registered in Scotland. 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.

These accounts have been prepared on a going concern basis. There was a net deficiency of assets of £6,549 at the balance

sheet date., however the director has confirmed continued support and considers the company retains sufficient working

capital to continue trading for the foreseeable future.

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.

Plant and machinery etc

-

15% on reducing balance

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

2,067

Additions

438

At 31 July 2018

2,505

DEPRECIATION

At 1 August 2017

1,399

Charge for year

144

At 31 July 2018

1,543

NET BOOK VALUE

At 31 July 2018

962

At 31 July 2017

668

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/18

31/7/17

£

£

Other debtors

153

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/18

31/7/17

£

£

Bank loans and overdrafts

2,257

2,223

Trade creditors

1

1

Taxation and social security

2,232

974

Other creditors

2,460

585

6,950

3,783

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2018 and 31 July 2017:

31/7/18

31/7/17

£

£

R H Blackhall

Balance outstanding at start of year

(174

)

353

Amounts advanced

3,580

1,473

Amounts repaid

(4,900

)

(2,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,494

)

(174

)

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling related party is Mr R Blackhall, the director of the company.