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Company Registration No. 12034416 (England and Wales)
Cotton Premier Ltd Unaudited accounts for the year ended 30 June 2023
Cotton Premier Ltd Unaudited accounts Contents
Page
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Cotton Premier Ltd Company Information for the year ended 30 June 2023
Director
Mr U Akkus
Company Number
12034416 (England and Wales)
Registered Office
214 Baker Street Enfield EN1 3JT England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Cotton Premier Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
598 
1,358 
Current assets
Inventories
19,094 
23,717 
Debtors
25,189 
25,561 
Cash at bank and in hand
11,852 
21,916 
56,135 
71,194 
Creditors: amounts falling due within one year
(23,457)
(27,098)
Net current assets
32,678 
44,096 
Total assets less current liabilities
33,276 
45,454 
Creditors: amounts falling due after more than one year
(36,111)
(41,667)
Net (liabilities)/assets
(2,835)
3,787 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,935)
3,687 
Shareholders' funds
(2,835)
3,787 
For the year ending 30 June 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 9 November 2023 and were signed on its behalf by
Mr U Akkus Director Company Registration No. 12034416
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Cotton Premier Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Cotton Premier Ltd is a private company, limited by shares, registered in England and Wales, registration number 12034416. The registered office is 214 Baker Street , Enfield, EN1 3JT, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Computer equipment
25% - Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
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Cotton Premier Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
3,040 
At 30 June 2023
3,040 
Depreciation
At 1 July 2022
1,682 
Charge for the year
760 
At 30 June 2023
2,442 
Net book value
At 30 June 2023
598 
At 30 June 2022
1,358 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
240 
240 
Other debtors
24,949 
25,321 
25,189 
25,561 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,556 
5,556 
Trade creditors
18,296 
19,022 
Taxes and social security
(1,195)
737 
Other creditors
- 
983 
Accruals
800 
800 
23,457 
27,098 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
36,111 
41,667 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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