Company registration number 12452338 (England and Wales)
PREMIER FLOORING (BLACKBURN) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022  (CESSATION)
PAGES FOR FILING WITH REGISTRAR
PREMIER FLOORING (BLACKBURN) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PREMIER FLOORING (BLACKBURN) LTD
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
1,600
Tangible assets
4
-
0
5,388
-
0
6,988
Current assets
Debtors
5
4,181
72,834
Cash at bank and in hand
33,900
44,808
38,081
117,642
Creditors: amounts falling due within one year
6
(11,500)
(76,904)
Net current assets
26,581
40,738
Total assets less current liabilities
26,581
47,726
Creditors: amounts falling due after more than one year
7
(24,167)
(31,667)
Net assets
2,414
16,059
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
2,413
16,058
Total equity
2,414
16,059

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

PREMIER FLOORING (BLACKBURN) LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2022
31 December 2022
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 10 October 2023
Mr A Rafiq
Director
Company Registration No. 12452338
PREMIER FLOORING (BLACKBURN) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
- 3 -
1
Accounting policies
Company information

Premier Flooring (Blackburn) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the retailing of flooring and furniture in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

PREMIER FLOORING (BLACKBURN) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2022
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2022
2022
Number
Number
Total
1
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022
2,000
Disposals
(2,000)
At 31 December 2022
-
0
Amortisation and impairment
At 1 April 2022
400
Amortisation charged for the period
150
Disposals
(550)
At 31 December 2022
-
0
Carrying amount
At 31 December 2022
-
0
At 31 March 2022
1,600
PREMIER FLOORING (BLACKBURN) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2022
- 5 -
4
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 April 2022
4,200
4,800
9,000
Disposals
(4,200)
(4,800)
(9,000)
At 31 December 2022
-
0
-
0
-
0
Depreciation and impairment
At 1 April 2022
1,512
2,100
3,612
Depreciation charged in the period
403
-
0
403
Eliminated in respect of disposals
(1,915)
(2,100)
(4,015)
At 31 December 2022
-
0
-
0
-
0
Carrying amount
At 31 December 2022
-
0
-
0
-
0
At 31 March 2022
2,688
2,700
5,388
5
Debtors
2022
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
4,181
4,134
Other debtors
-
0
68,700
4,181
72,834
6
Creditors: amounts falling due within one year
2022
2022
£
£
Bank loans
10,000
10,000
Other creditors
-
0
64,363
Accruals and deferred income
1,500
2,541
11,500
76,904
7
Creditors: amounts falling due after more than one year
2022
2022
£
£
Bank loans
24,167
31,667
PREMIER FLOORING (BLACKBURN) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2022
- 6 -
8
Called up share capital
2022
2022
2022
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
9
Related party transactions

During the period, the company has occupied a rent free property from one of its connected companies, Berry Property Investments Limited.

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