Premier Office Supplies (UK) Limited - Limited company - abbreviated

REGISTERED NUMBER: 04177262 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014

FOR

PREMIER OFFICE SUPPLIES (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

6

DIRECTOR:

Mr M K Heaps

SECRETARY:

Mr M K Heaps

REGISTERED OFFICE:

Site 2

Glenfield Park

Blakewater Road

Blackburn

Lancashire

BB1 5QH

REGISTERED NUMBER:

04177262 (England and Wales)

ACCOUNTANTS:

Jones Harris Limited

Chartered Accountants

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

FIXED ASSETS

Intangible assets

2

52,886

61,700

Tangible assets

3

5,611

3,007

Investments

4

4,000

62,497

68,707

CURRENT ASSETS

Stocks

22,136

19,515

Debtors

229,142

253,972

Cash at bank and in hand

139,859

115,518

391,137

389,005

CREDITORS

Amounts falling due within one year

269,052

273,713

NET CURRENT ASSETS

122,085

115,292

TOTAL ASSETS LESS CURRENT
LIABILITIES

184,582

183,999

CAPITAL AND RESERVES

Called up share capital

5

200

Profit and loss account

184,382

183,799

SHAREHOLDERS' FUNDS

184,582

183,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 10 November 2014 and were signed by:

Mr M K Heaps - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are

physically delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2001 and 2010, is being

amortised evenly over their estimated useful lives of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Fixed asset investments

Fixed asset investments are recorded at cost less any provision for impairment.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

220,642

AMORTISATION

At 1 July 2013

158,942

Amortisation for year

8,814

At 30 June 2014

167,756

NET BOOK VALUE

At 30 June 2014

52,886

At 30 June 2013

61,700

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

37,991

Additions

4,925

At 30 June 2014

42,916

DEPRECIATION

At 1 July 2013

34,984

Charge for year

2,321

At 30 June 2014

37,305

NET BOOK VALUE

At 30 June 2014

5,611

At 30 June 2013

3,007

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2013

and 30 June 2014

4,000

NET BOOK VALUE

At 30 June 2014

4,000

At 30 June 2013

4,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

A Ordinary

£1

100

B Ordinary

£1

100

200

The Ordinary "A" shares and Ordinary "B" shares rank pari passu in all respects as if they constituted one class

of shares.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2014 and

30 June 2013:

2014

2013

£

Mr M K Heaps

Balance outstanding at start of year

-

Amounts advanced

1,007

-

Amounts repaid

(1,007

)

-

Balance outstanding at end of year

-

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

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 Office Supplies (UK) Limited for the year ended 30 June 2014 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Premier Office Supplies (UK) Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Premier

Office Supplies (UK) Limited and state those matters that we have agreed to state to the director of Premier Office

Supplies (UK) Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for

our work or for this report.

It is your duty to ensure that Premier Office Supplies (UK) 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 Office Supplies (UK) Limited. You consider that Premier Office Supplies (UK) 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 Office Supplies

(UK) 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.

Jones Harris Limited

Chartered Accountants

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

Date: .............................................