Registered number
04644392
Premier Contractors (Wales) Limited
Abbreviated Accounts
31 March 2013
Premier Contractors (Wales) Limited
Registered number: 04644392
Abbreviated Balance Sheet
as at 31 March 2013
Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 - 20,000
Tangible assets 3 14,056 15,882
14,056 35,882
Current assets
Stocks 7,145 681
Debtors 79,419 46,255
Cash at bank and in hand 77,066 98,779
163,630 145,715
Creditors: amounts falling due within one year (103,958) (98,991)
Net current assets 59,672 46,724
Total assets less current liabilities 73,728 82,606
Provisions for liabilities (2,811) (3,218)
Net assets 70,917 79,388
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 70,817 79,288
Shareholders' funds 70,917 79,388
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr. R. J. James
Director
Approved by the board on 30 December 2013
Premier Contractors (Wales) Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2013
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
The company holds no assets subject to leasing or hire purchase agreements.
Pensions
The company has no contractual obligations to provide pensions, nor contributions to pensions, in respect of any directors or staff.
2 Intangible fixed assets £
Cost
At 1 April 2012 200,000
At 31 March 2013 200,000
Amortisation
At 1 April 2012 180,000
Provided during the year 20,000
At 31 March 2013 200,000
Net book value
At 31 March 2013 -
At 31 March 2012 20,000
3 Tangible fixed assets £
Cost
At 1 April 2012 43,620
Additions 12,605
Disposals (24,110)
At 31 March 2013 32,115
Depreciation
At 1 April 2012 27,738
Charge for the year 3,514
On disposals (13,193)
At 31 March 2013 18,059
Net book value
At 31 March 2013 14,056
At 31 March 2012 15,882
4 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
Premier Contractors (Wales) Limited 04644392 false true 2012-04-01 2013-03-31 2013-03-31 Mr. R. J. James 04644392 uk-bus:OrdinaryShareClass1 2012-03-31 04644392 2012-04-01 2013-03-31 04644392 uk-bus:Director40 2012-04-01 2013-03-31 04644392 uk-gaap:PlantMachinery 2012-04-01 2013-03-31 04644392 uk-gaap:MotorVehicles 2012-04-01 2013-03-31 04644392 uk-bus:OrdinaryShareClass1 2012-04-01 2013-03-31 04644392 2013-03-31 04644392 uk-bus:OrdinaryShareClass1 2013-03-31 04644392 2012-03-31 iso4217:GBP xbrli:shares

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