Abbreviated Company Accounts - PREMIER FINANCIAL MANAGEMENT LTD

PREMIER FINANCIAL MANAGEMENT LTD - Company Information

03350242 PREMIER FINANCIAL MANAGEMENT LTD 2014-08-31 false 2013-09-01 2014-08-31 true 03350242 2013-09-01 2014-08-31 03350242 2014-08-31 03350242 2013-08-31 03350242 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 03350242 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 03350242

PREMIER FINANCIAL MANAGEMENT LTD

Abbreviated Accounts

31 August 2014

PREMIER FINANCIAL MANAGEMENT LTD Registered Number 03350242

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	56,399	16,459
		56,399	16,459
Current assets
Debtors		80,135	34,593
Investments		1,975,252	1,298,998
Cash at bank and in hand		796,301	625,975
		2,851,688	1,959,566
Creditors: amounts falling due within one year		(945,838)	(803,693)
Net current assets (liabilities)		1,905,850	1,155,873
Total assets less current liabilities		1,962,249	1,172,332
Total net assets (liabilities)		1,962,249	1,172,332
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		1,962,247	1,172,330
Shareholders' funds		1,962,249	1,172,332

For the year ending 31 August 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 29 May 2015

And signed on their behalf by:
T. M. Jackson, Director

PREMIER FINANCIAL MANAGEMENT LTD Registered Number 03350242

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention, in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and include the results of the company’s operations, which are described in the Directors Report, all of which are continuing

Turnover policy
Turnover represents commission received from insurance companies, with due provision being made for unearned indemnity commission.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates:-

Office Equipment 20% per annum reducing balance

Other accounting policies
Operating Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to Profit and Loss Account as incurred

2Tangible fixed assets

	£
Cost
At 1 September 2013	61,376
Additions	54,040
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	115,416
Depreciation
At 1 September 2013	44,917
Charge for the year	14,100
On disposals	-
At 31 August 2014	59,017
Net book values
At 31 August 2014	56,399
At 31 August 2013	16,459

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
209 A Ordinary shares of £0.01 each	2	2