Premier Design Solutions Limited
|
Registered Number
:
04108702
|
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2017
Premier Design Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Premier Design Solutions Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
2,072
1,766
2
2,072
1,766
Trade and other receivables
|
24,474
24,020
3
5,000
5,000
4
50,327
Cash and cash equivalents
|
98,848
127,868
79,801
Trade and other payables
:
amounts falling due within one
|
year
|
(65,707)
(90,781)
5
14,094
37,087
Net current assets
Total assets less current liabilities
|
39,159
15,860
39,159
Net assets
15,860
100
100
39,059
15,760
39,159
15,860
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.
|
Mr Nicholas Mark Sims Director
|
Mrs Stephanie Sims Director
|
These financial statements were approved and authorised for issue by the Board on 15 August 2017 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 March 2017
Premier Design Solutions Limited
Notes to the Financial Statements
Statutory Information
Premier Design Solutions Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
04108702
.
|
1 Fareham Drive
Banks
Southport
PR9 8FP
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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
The Turnover shown in the Trading and Profit and Loss Account represents the amounts invoiced during the year, exclusive of Value Added Tax.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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:
|
Fixtures, Fittings & Equipment
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the directors. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the Trading and Profit and Loss Account.
|
2 of 4
For the year ended 31 March 2017
Premier Design Solutions Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Fixtures
,
|
Fittings
&
|
Equipment
|
8,091
824
8,915
Provision for depreciation and impairment
|
6,325
Charge for year
518
6,843
2,072
1,766
3
.
Trade and other receivables
|
2016
2017
23,412
24,336
608
138
24,474
24,020
4
.
Financial instruments at fair value
|
2016
2017
5,000
5,000
5
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
37,874
275
Taxation and social security
|
16,674
14,351
Accruals and deferred income
|
700
600
Directors
'
current accounts
|
35,533
48,981
-
1,500
90,781
65,707
3 of 4
For the year ended 31 March 2017
Premier Design Solutions Limited
Notes to the Financial Statements Continued
6
.
Related party transactions
|
During the year
,
dividends were paid to the directors as follows
: -
|
N
.
M
.
Sims £
5
,
000
(
2016
:
£
27
,
500
)
|
S
.
E
.
Sims £
7
,
000
(
2016
:
£
17
,
500
)
|
The ultimate controlling party was Mr N
.
M
.
Sims
,
a director and
55
%
shareholder of the company
.
|
7
.
Directors advances and guarantees
|
Repaid
Loaned
Mr Nicholas Mark Sims
Director's Advances
(35,533)
(43,731)
14,250
6,052
(35,533)
(43,731)
14,250
6,052
Mrs Stephanie Sims
Director's Advances
-
(5,250)
5,250
-
-
(5,250)
5,250
-
4 of 4