2022-02-012023-01-312023-01-31false09976723PREMIUM MERCHANT SERVICES 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PREMIUM MERCHANT SERVICES LIMITED

Registered Number
09976723
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

PREMIUM MERCHANT SERVICES LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Director

Mohammad Abdus Samad

Registered Address

Six Ways Business Centre
1 Guildford Street
Birmingham
B19 2HN

Place of Business


Registered Number

09976723 (England and Wales)
PREMIUM MERCHANT SERVICES LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets51,1381,423
1,1381,423
Current assets
Debtors742703
Cash at bank and on hand10018,384
84219,087
Creditors amounts falling due within one year7(18,863)(15,478)
Net current assets (liabilities)(18,021)3,609
Total assets less current liabilities(16,883)5,032
Creditors amounts falling due after one year8(41,972)(49,064)
Net assets(58,855)(44,032)
Capital and reserves
Called up share capital100100
Profit and loss account(58,955)(44,132)
Shareholders' funds(58,855)(44,032)
The financial statements were approved and authorised for issue by the Director on 12 October 2023, and are signed on its behalf by:
Mohammad Abdus Samad
Director
Registered Company No. 09976723
PREMIUM MERCHANT SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 February 222,223
At 31 January 232,223
Depreciation and impairment
At 01 February 22800
Charge for year285
At 31 January 231,085
Net book value
At 31 January 231,138
At 31 January 221,423
6.Debtors within one year

2023

2022

££
Other debtors742703
Total742703
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables6666
Taxation and social security3,1007,867
Other creditors15,6977,545
Total18,86315,478
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts41,97249,064
Total41,97249,064