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0
31/03/2018
2018-03-31
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No description of principal activities is disclosed
2016-10-07
Sage Accounts Production 18.30 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
09862939
2016-10-07
2018-03-31
09862939
2018-03-31
09862939
2015-10-07
2016-10-06
09862939
2016-10-06
09862939
2015-10-06
09862939
bus:RegisteredOffice
2016-10-07
2018-03-31
09862939
bus:LeadAgentIfApplicable
2016-10-07
2018-03-31
09862939
bus:Director1
2016-10-07
2018-03-31
09862939
bus:Director2
2016-10-07
2018-03-31
09862939
core:LandBuildings
core:OwnedOrFreeholdAssets
2018-03-31
09862939
core:WithinOneYear
2018-03-31
09862939
core:RetainedEarningsAccumulatedLosses
2015-10-07
2016-10-06
09862939
core:RetainedEarningsAccumulatedLosses
2016-10-07
2018-03-31
09862939
core:ShareCapital
2018-03-31
09862939
core:ShareCapital
2016-10-06
09862939
core:RetainedEarningsAccumulatedLosses
2018-03-31
09862939
core:ShareCapital
2015-10-06
09862939
bus:Director1
2018-03-31
09862939
bus:SmallEntities
2016-10-07
2018-03-31
09862939
bus:AuditExempt-NoAccountantsReport
2016-10-07
2018-03-31
09862939
bus:FullAccounts
2016-10-07
2018-03-31
09862939
bus:SmallCompaniesRegimeForAccounts
2016-10-07
2018-03-31
09862939
bus:PrivateLimitedCompanyLtd
2016-10-07
2018-03-31
Company registration number:
09862939
Premier Home Solutions Ltd
Unaudited filleted financial statements
31 March 2018
Premier Home Solutions Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Premier Home Solutions Ltd
Directors and other information
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Directors
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Mr R Bayliss
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Mrs G Bayliss
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Company number
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09862939
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Registered office
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1281 Bristol Road South
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Northfield
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West Midlands
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B31 2SP
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Accountants
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Windsors Rybridge Ltd
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Unit 9, Castle Court (2)
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Castlegate Way
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Dudley
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West Midlands
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DY1 4RH
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Bankers
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The Royal Bank of Scotland Plc
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PO Box 5479
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1 Spinningfields Square
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Manchester
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M61 0NH
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Premier Home Solutions Ltd
Statement of financial position
31 March 2018
|
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31/03/18
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06/10/16
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Note
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£
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£
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£
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£
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Fixed assets
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Tangible assets
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4
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118,432
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|
-
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|
|
|
|
|
_______
|
|
|
|
_______
|
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|
|
|
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118,432
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|
-
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Current assets
|
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|
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Debtors
|
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5
|
-
|
|
|
|
100
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
-
|
|
|
|
100
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
6
|
(
119,381)
|
|
|
|
-
|
|
|
|
|
|
_______
|
|
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|
_______
|
|
|
Net current (liabilities)/assets
|
|
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|
(
119,381)
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|
|
|
100
|
|
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|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
(
949)
|
|
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|
100
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|
|
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|
|
|
|
|
|
|
|
|
|
|
_______
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|
|
|
_______
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Net (liabilities)/assets
|
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|
|
|
(
949)
|
|
|
|
100
|
|
|
|
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|
_______
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_______
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Capital and reserves
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Called up share capital
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|
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100
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|
|
|
100
|
Profit and loss account
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|
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|
|
(
1,049)
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|
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-
|
|
|
|
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|
_______
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|
|
|
_______
|
Shareholders (deficit)/funds
|
|
|
|
|
(
949)
|
|
|
|
100
|
|
|
|
|
|
_______
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|
|
|
_______
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For the period ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 December 2018
, and are signed on behalf of the board by:
Mr R Bayliss
Director
Company registration number:
09862939
Premier Home Solutions Ltd
Statement of changes in equity
Period ended 31 March 2018
|
|
Called up share capital
|
Profit and loss account
|
Total
|
|
|
|
|
|
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£
|
£
|
£
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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At 1 April 2016
|
|
100
|
-
|
100
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|
|
|
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|
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(Loss)/profit for the period
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-
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-
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_______
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_______
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_______
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Total comprehensive income for the period
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-
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-
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-
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|
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|
|
|
|
|
|
|
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_______
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_______
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_______
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At 6 October 2016 and 7 October 2016
|
|
100
|
-
|
100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/profit for the period
|
|
|
(
1,049)
|
(
1,049)
|
|
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
Total comprehensive income for the period
|
|
-
|
(
1,049)
|
(
1,049)
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|
|
|
|
|
|
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|
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_______
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_______
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_______
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At 31 March 2018
|
|
100
|
(
1,049)
|
(
949)
|
|
|
|
|
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_______
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_______
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_______
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Premier Home Solutions Ltd
Notes to the financial statements
Period ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1281 Bristol Road South, Northfield, West Midlands, B31 2SP.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2016. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 88.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Tangible assets
|
|
Freehold property
|
Total
|
|
|
|
|
|
|
|
£
|
£
|
|
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|
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|
|
Cost
|
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At 7 October 2016
|
-
|
-
|
|
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|
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|
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Additions
|
118,432
|
118,432
|
|
|
|
|
|
|
|
_______
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_______
|
|
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|
|
|
At 31 March 2018
|
118,432
|
118,432
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 7 October 2016 and 31 March 2018
|
-
|
-
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|
|
|
|
|
|
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_______
|
_______
|
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 31 March 2018
|
118,432
|
118,432
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
At 6 October 2016
|
-
|
-
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.
Debtors
|
|
|
31/03/18
|
06/10/16
|
|
|
|
£
|
£
|
|
Other debtors
|
|
-
|
100
|
|
|
|
_______
|
_______
|
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
31/03/18
|
06/10/16
|
|
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
67,995
|
-
|
|
Other creditors
|
|
51,386
|
-
|
|
|
|
_______
|
_______
|
|
|
|
119,381
|
-
|
|
|
|
_______
|
_______
|
|
|
|
|
|
7.
Directors advances, credits and guarantees
|
During the period the directors entered into the following advances and credits with the company:
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
Period ended 31/03/18
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the directors
|
Balance o/standing
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Mr R Bayliss
|
-
|
(
51,386)
|
(
51,386)
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
Period ended 06/10/16
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the directors
|
Balance o/standing
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Mr R Bayliss
|
-
|
-
|
-
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
8.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2016.
Reconciliation of equity
No transitional adjustments were required.
Reconciliation of profit or loss for the period
No transitional adjustments were required.