Company Registration No. 07993764 (England and Wales)
Premier Carpentry Contractors Limited
Unaudited accounts
for the year ended 31 August 2020
Premier Carpentry Contractors Limited
Unaudited accounts
Contents
Premier Carpentry Contractors Limited
Company Information
for the year ended 31 August 2020
Directors
Richard Furnival
Leanne Furnival
Company Number
07993764 (England and Wales)
Registered Office
12 Yorkshire Way
Burntwood
Staffordshire
WS7 9QY
Premier Carpentry Contractors Limited
Statement of financial position
as at
31 August 2020
Intangible assets
94,963
113,955
Tangible assets
4,457
5,688
Cash at bank and in hand
389,185
196,395
Creditors: amounts falling due within one year
(226,877)
(181,244)
Net current assets
264,104
112,469
Total assets less current liabilities
363,524
232,112
Creditors: amounts falling due after more than one year
-
(14,979)
Net assets
363,524
217,133
Called up share capital
3
3
Profit and loss account
363,521
217,130
Shareholders' funds
363,524
217,133
For the year ending 31 August 2020 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2021 and were signed on its behalf by
Richard Furnival
Director
Company Registration No. 07993764
Premier Carpentry Contractors Limited
Notes to the Accounts
for the year ended 31 August 2020
Premier Carpentry Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 07993764. The registered office is 12 Yorkshire Way, Burntwood, Staffordshire, WS7 9QY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
At 1 September 2019
189,923
At 31 August 2020
189,923
At 1 September 2019
75,968
Charge for the year
18,992
At 31 August 2019
113,955
Premier Carpentry Contractors Limited
Notes to the Accounts
for the year ended 31 August 2020
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2019
3,165
14,537
633
1,015
19,350
At 31 August 2020
3,165
14,537
633
1,015
19,350
At 1 September 2019
2,266
10,515
490
391
13,662
Charge for the year
240
827
39
125
1,231
At 31 August 2020
2,506
11,342
529
516
14,893
At 31 August 2020
659
3,195
104
499
4,457
At 31 August 2019
899
4,022
143
624
5,688
6
Debtors: amounts falling due within one year
2020
2019
Trade debtors
72,881
82,257
Accrued income and prepayments
-
346
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
1,587
1,723
Trade creditors
3,979
17,840
Taxes and social security
130,232
61,392
Other creditors
76,990
89,079
8
Creditors: amounts falling due after more than one year
2020
2019
9
Share capital
2020
2019
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
2 Prefference shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 0 (2019: 4).