Company Registration No. 09979629 (England and Wales)
Premier Screenprinting Ltd
Unaudited accounts
for the year ended 31 January 2023
Premier Screenprinting Ltd
Unaudited accounts
Contents
Premier Screenprinting Ltd
Company Information
for the year ended 31 January 2023
Company Number
09979629 (England and Wales)
Registered Office
27 Sherbourne Road
Bolton
BL1 5NN
Premier Screenprinting Ltd
Statement of financial position
as at 31 January 2023
Intangible assets
14,658
12,062
Tangible assets
227,369
262,269
Cash at bank and in hand
152,612
181,364
Creditors: amounts falling due within one year
(167,343)
(181,313)
Net current assets
27,404
101,324
Total assets less current liabilities
269,431
375,655
Creditors: amounts falling due after more than one year
(125,479)
(183,748)
Net assets
143,952
191,907
Called up share capital
100
100
Profit and loss account
143,852
191,807
Shareholders' funds
143,952
191,907
For the year ending 31 January 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2023 and were signed on its behalf by
Darren Lowe
Director
Company Registration No. 09979629
Premier Screenprinting Ltd
Notes to the Accounts
for the year ended 31 January 2023
Premier Screenprinting Ltd is a private company, limited by shares, registered in England and Wales, registration number 09979629. The registered office is 27 Sherbourne Road, Bolton, BL1 5NN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
15% Reducing Balance Basis
Intangible fixed assets are included at cost less accumulated amortisation.
The Cost has been Amortised over Two Years
4
Intangible fixed assets
Other
Charge for the year
26,719
Premier Screenprinting Ltd
Notes to the Accounts
for the year ended 31 January 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
482,423
13,497
16,918
512,838
At 31 January 2023
488,023
13,497
16,918
518,438
At 1 February 2022
231,610
10,293
8,666
250,569
Charge for the year
38,462
801
1,237
40,500
At 31 January 2023
270,072
11,094
9,903
291,069
At 31 January 2023
217,951
2,403
7,015
227,369
At 31 January 2022
250,813
3,204
8,252
262,269
Amounts falling due within one year
Trade debtors
26,905
86,043
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
53
Trade creditors
18,505
17,498
Taxes and social security
21,692
33,599
Other creditors
6,000
6,000
Loans from directors
118,146
121,163
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
125,479
183,748
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).