Company Registration No. 8606193 (England and Wales)
PREMIER CONTRACTING (SOUTHERN) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
PREMIER CONTRACTING (SOUTHERN) LIMITED
CONTENTS
Page
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
PREMIER CONTRACTING (SOUTHERN) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PREMIER CONTRACTING (SOUTHERN) LIMITED FOR THE YEAR ENDED 31 JULY 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Premier Contracting (Southern) Limited for the period ended 31 July 2016 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of Premier Contracting (Southern) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Premier Contracting (Southern) Limited and state those matters that we have agreed to state to the Board of Directors of Premier Contracting (Southern) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Premier Contracting (Southern) Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Premier Contracting (Southern) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Premier Contracting (Southern) Limited. You consider that Premier Contracting (Southern) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Premier Contracting (Southern) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Rowland Hall
28 April 2017
Chartered Certified Accountants
44-54 Orsett Road
Grays
Essex
RM17 5ED
PREMIER CONTRACTING (SOUTHERN) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
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2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
7,631
10,175
Current assets
Stocks
200,000
150,000
Debtors
396,433
257,511
Cash at bank and in hand
897,458
377,482
1,493,891
784,993
Creditors: amounts falling due within one year
(285,202)
(206,053)
Net current assets
1,208,689
578,940
Total assets less current liabilities
1,216,320
589,115
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
1,216,120
588,915
Shareholders' funds
1,216,320
589,115
For the financial year ended 31 July 2016 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 year 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 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 28 April 2017
Mrs Vicky Butler
Director
Company Registration No. 8606193
PREMIER CONTRACTING (SOUTHERN) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
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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 January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
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:
Motor vehicles
25% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015 & at 31 July 2016
14,800
Depreciation
At 1 August 2015
4,625
Charge for the year
2,544
At 31 July 2016
7,169
Net book value
At 31 July 2016
7,631
At 31 July 2015
10,175
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary Shares of £1 each
200
200