Company Registration No. 08484326 (England and Wales)
PREMIUM PRODUCT DISTRIBUTORS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
PREMIUM PRODUCT DISTRIBUTORS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PREMIUM PRODUCT DISTRIBUTORS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
Notes
£
£
Fixed assets
Intangible assets
2
9,000
Tangible assets
2
16,777
25,777
Current assets
Stocks
9,920
Debtors
6,801
Cash at bank and in hand
2,774
19,495
Creditors: amounts falling due within one year
(53,308)
Net current liabilities
(33,813)
Total assets less current liabilities
(8,036)
Creditors: amounts falling due after more than one year
(5,476)
(13,512)
Capital and reserves
Called up share capital
3
100
Profit and loss account
(13,612)
Shareholders' funds
(13,512)
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 17 September 2015
Mr P Mather Jnr
Director
Company Registration No. 08484326
PREMIUM PRODUCT DISTRIBUTORS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% straight line
Motor vehicles
25% straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2014
10,000
-
10,000
Additions
-
21,590
21,590
At 31 December 2014
10,000
21,590
31,590
Depreciation
At 1 January 2014
-
-
-
Charge for the year
1,000
4,813
5,813
At 31 December 2014
1,000
4,813
5,813
Net book value
At 31 December 2014
9,000
16,777
25,777
3
Share capital
2014
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100