Abbreviated Company Accounts - PREMIER TANKER SERVICES LTD

PREMIER TANKER SERVICES LTD - Company Information

04741004 PREMIER TANKER SERVICES LTD 2014-04-29 false 2013-05-01 2014-04-29 true 04741004 2013-05-01 2014-04-29 04741004 2014-04-29 04741004 2013-04-30 04741004 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-29 04741004 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-29 uk-gaap-cd-bus:Director3 2013-05-01 2014-04-29 uk-gaap-cd-bus:Director3 2014-04-29 uk-gaap-cd-bus:Director3 2013-04-30 uk-gaap-cd-bus:Director4 2013-05-01 2014-04-29 uk-gaap-cd-bus:Director4 2014-04-29 uk-gaap-cd-bus:Director4 2013-04-30 iso4217:GBP shares

Registered Number 04741004

PREMIER TANKER SERVICES LTD

Abbreviated Accounts

29 April 2014

PREMIER TANKER SERVICES LTD Registered Number 04741004

Abbreviated Balance Sheet as at 29 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	64,247	56,889
		64,247	56,889
Current assets
Stocks		37,965	9,623
Debtors		353,859	335,088
Cash at bank and in hand		59,540	12,586
		451,364	357,297
Creditors: amounts falling due within one year		(247,094)	(193,895)
Net current assets (liabilities)		204,270	163,402
Total assets less current liabilities		268,517	220,291
Creditors: amounts falling due after more than one year		(7,583)	0
Provisions for liabilities		(10,959)	0
Total net assets (liabilities)		249,975	220,291
Capital and reserves
Called up share capital		100	100
Profit and loss account		249,875	220,191
Shareholders' funds		249,975	220,291

For the year ending 29 April 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 10 April 2015

And signed on their behalf by:
A Cunliffe, Director

PREMIER TANKER SERVICES LTD Registered Number 04741004

Notes to the Abbreviated Accounts for the period ended 29 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows.

Leasehold Improvements- 10% reducing balance
Plant & Equipment - 25% reducing balance
Fixtures & fittings - 25% reducing balance
Motor Vehicles - 25% reducing balance
Office Equipment - 25% reducing balance
Hire Tanks - 5% reducing balance

2Tangible fixed assets

	£
Cost
At 1 May 2013	148,604
Additions	27,700
Disposals	-
Revaluations	-
Transfers	-
At 29 April 2014	176,304
Depreciation
At 1 May 2013	91,715
Charge for the year	20,342
On disposals	-
At 29 April 2014	112,057
Net book values
At 29 April 2014	64,247
At 30 April 2013	56,889

3Transactions with directors

Name of director receiving advance or credit:	S Kavanagh
Description of the transaction:	Net withdrawal
Balance at 1 May 2013:	£ 5,291
Advances or credits made:	£ 309
Advances or credits repaid:	-
Balance at 29 April 2014:	£ 5,600

Name of director receiving advance or credit:	A Cunliffe
Description of the transaction:	Net withdrawal
Balance at 1 May 2013:	£ 13
Advances or credits made:	£ 683
Advances or credits repaid:	-
Balance at 29 April 2014:	£ 696

Included within other creditors are directors loan account for S Kavanagh amounting to £5,600 (2013 - £5,291)

Included within other debtors are overdrawn directors loan account for A Cunliffe £696 (2013 - £13 CR) Advances during the year totalled £706.

The loan bears no right to interest and has no set repayment terms.