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REGISTERED NUMBER: 03386239 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Premier Property Services (North East)
Limited

Premier Property Services (North East)
Limited (Registered number: 03386239)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premier Property Services (North East)
Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: D Blythman
Mr A Ross





REGISTERED OFFICE: Unit 5, Plews Way
Leeming Bar Industrial Estate
Leeming Bar
Northallerton
North Yorkshire
DL7 9UL





REGISTERED NUMBER: 03386239 (England and Wales)






Premier Property Services (North East)
Limited (Registered number: 03386239)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,589 113,247
Investments 5 70 70
94,659 113,317

CURRENT ASSETS
Stocks 6 278,121 914,401
Debtors 7 260,266 158,770
Cash at bank and in hand 473,722 68,808
1,012,109 1,141,979
CREDITORS
Amounts falling due within one year 8 331,400 499,475
NET CURRENT ASSETS 680,709 642,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

775,368

755,821

CREDITORS
Amounts falling due after more than
one year

9

78,213

181,868
NET ASSETS 697,155 573,953

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 696,155 572,953
SHAREHOLDERS' FUNDS 697,155 573,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Premier Property Services (North East)
Limited (Registered number: 03386239)

Balance Sheet - continued
30 June 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





D Blythman - Director


Premier Property Services (North East)
Limited (Registered number: 03386239)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Premier Property Services (North East) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Premier Property Services (North East)
Limited (Registered number: 03386239)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 17,604 71,111 7,608
Additions - 1,507 -
At 30 June 2023 17,604 72,618 7,608
DEPRECIATION
At 1 July 2022 8,082 49,237 7,551
Charge for year 704 5,845 14
At 30 June 2023 8,786 55,082 7,565
NET BOOK VALUE
At 30 June 2023 8,818 17,536 43
At 30 June 2022 9,522 21,874 57

Premier Property Services (North East)
Limited (Registered number: 03386239)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 259,774 11,537 367,634
Additions 8,995 - 10,502
At 30 June 2023 268,769 11,537 378,136
DEPRECIATION
At 1 July 2022 177,980 11,537 254,387
Charge for year 22,597 - 29,160
At 30 June 2023 200,577 11,537 283,547
NET BOOK VALUE
At 30 June 2023 68,192 - 94,589
At 30 June 2022 81,794 - 113,247

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 70
NET BOOK VALUE
At 30 June 2023 70
At 30 June 2022 70

6. STOCKS
30.6.23 30.6.22
£    £   
Raw materials 13,645 6,216
Work-in-progress 264,476 908,185
278,121 914,401

Premier Property Services (North East)
Limited (Registered number: 03386239)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 254,169 136,545
Other debtors - 15,461
Prepayments and accrued income 6,097 6,764
260,266 158,770

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts (see note 10)
77,656

51,040
Hire purchase contracts 8,055 17,332
Trade creditors 75,578 172,431
Tax 40,268 47,399
Social security and other taxes 39,739 15,162
Directors' current accounts 84,825 181,797
Accrued expenses 5,279 14,314
331,400 499,475

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans (see note 10) 69,696 170,753
Hire purchase contracts 8,517 11,115
78,213 181,868

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,989

Premier Property Services (North East)
Limited (Registered number: 03386239)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 41,292 -
Bank loans 36,364 51,040
77,656 51,040

Amounts falling due between one and two years:
Bank loans - 1-2 years 36,364 51,040

Amounts falling due between two and five years:
Bank loans - 2-5 years 33,332 113,724

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,989

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1,000 Ordinary £1 1,000 1,000